Category: Residential

Explore updates and trends in residential real estate including new housing projects, pricing, buyer preferences, and urban expansion. Learn about the factors shaping residential property markets in major cities and suburbs.

Latest StoriesResidential

Maharashtra Minister to Discuss First-Floor Slum Rehab with CM, DCMs

MUMBAI: Maharashtra Minister Shambhuraj Desai announced on Thursday that there will be discussions with the Chief Minister and Deputy Chief Ministers regarding the demand to include first-floor slum dwellers for rehabilitation under the Slum Rehabilitation Authority (SRA) schemes in Mumbai. State Assembly members raised concerns about long-term residents residing on the first floors of slum structures, stating that excluding them would hinder the efforts to achieve a slum-free Mumbai. Under current regulations, only ground-floor structures are recognized and numbered for SRA project eligibility, Desai explained during the question hour. “If we are to consider changes, such as recognizing ‘one plus…

Latest StoriesResidential

PMAY-U 2.0 Extended to Sept 2026; Aims for 1 Crore Urban Homes

Representative AI image NEW DELHI: The Central Government has extended the deadline for the Pradhan Mantri Awas Yojana–Urban (PMAY-U) until September 30, 2026, to support the completion of ongoing housing projects and the release of necessary funds, as stated by Minister of State for Housing and Urban Affairs, Tokhan Sahu, in a written response to the Lok Sabha. Initiated on June 25, 2015, PMAY-U aims to ensure eligible urban households across India have access to durable housing with essential civic amenities. Learning from the previous implementation of the scheme, the government has launched PMAY-U 2.0, effective September 1, 2024. This…

Latest StoriesResidential

Ludhiana to Collect Property Tax Door-to-Door

LUDHIANA: The Ludhiana Municipal Corporation (MC) is set to launch a groundbreaking “doorstep tax collection” service to address outstanding municipal dues. This new initiative will see civic employees using handheld point of sale (POS) machines to visit residential and commercial properties for on-the-spot tax calculations and collections. This approach shifts to a “service-at-your-door” model, aimed at assisting those who have not managed to settle their dues at MC offices. Smart assessment and real-time tracking The MC has acquired 48 POS machines, distributing 12 units across each of the city’s four zones. While water supply dues are fixed, property tax calculations…

Latest StoriesResidential

Telangana: 412 Velugumatla Families Receive House Pattas

HYDERABAD: Deputy Chief Minister Bhatti Vikramarka announced on Wednesday the construction of a model colony for the underprivileged in Velugumatla, Khammam district, aimed at setting a benchmark for other states. Alongside Housing and Revenue Minister Ponguleti Srinivas Reddy and Agriculture Minister Tummala Nageswara Rao, all from Khammam, the Deputy CM distributed house site pattas and sanctioned Indiramma houses for families affected by the recent demolition drives against encroachments on Bhoodan land in Khammam’s urban mandal. The event took place in Khammam town. While opposition parties claimed that over 700 families were evicted from Bhoodan land, 412 eligible families in Velugumatla…

Latest StoriesResidential

Prayagraj to Offer House Tax Rebates for Old Buildings

PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) has approved a 40% house tax rebate for buildings older than 20 years within the urban limits. The decision, made unanimously during a meeting on Tuesday, ensures property owners will automatically qualify for the rebate without any application process. This measure is set to take effect in April 2026. This initiative is expected to aid residents in older neighborhoods such as Kidganj, Daraganj, Rambagh, Bairhana, Chowk, Shahganj, Kareli, Malviya Nagar, Mundera, and Chakia, which contain numerous buildings over two decades old. Additionally, the house authorized a One-Time Settlement (OTS) proposal for significant house tax…

Latest StoriesResidential

Mumbai: MHADA Misplaced ₹121 Crore in Rent Over 25 Years

MUMBAI: The Maharashtra Housing and Area Development Authority (MHADA) has reportedly been defrauded of over Rs 121 crore in a scheme spanning 25 years. The Kherwadi police have initiated a case against ten developers and firms for neglecting to pay rent for transit tenements designated for redevelopment projects. Given the considerable financial implications and the extended duration of the fraud, the case has now been forwarded to the Economic Offences Wing (EOW) for further investigation. The complaint was lodged by Mohan Raosaheb Bobade, a MHADA officer, following an internal audit of rental payments associated with the transit tenements leased to…

Latest StoriesResidential

Tata Sons Leases Ratan Tata Bungalow in Colaba, South Mumbai

MUMBAI: Tata Sons has leased a luxury bungalow in Colaba, south Mumbai, reinstating its ties to a property historically associated with the Tata family. Known as ‘The Cabins’ and situated on Shahid Bhagat Singh Road, the bungalow was formerly utilized by the late Ratan Tata. This expansive bungalow features a super built-up area of 13,200 sq ft, including a basement, ground floor, and three upper levels, marking it as one of the larger standalone residential properties in the Colaba region. The owner of the property is Ewart Investments Ltd, a subsidiary of Tata Sons. A lease agreement has been finalized…

Latest StoriesResidential

Bengaluru PGs Face LPG Shortage, Tenants Opt for Work-from-Home

BENGALURU: A shortage of commercial LPG is impacting paying guest (PG) accommodations in the city’s eastern IT corridor, leading many residents to consider work-from-home options due to concerns about food availability. Numerous migrant professionals living in PGs report that limited meal offerings and uncertainty regarding cooking gas are making it challenging to maintain daily routines. Areas such as Whitefield, Marathahalli, and Ashwath Nagar—which accommodate hundreds of migrant workers in tech parks—are experiencing dwindling LPG supplies, prompting PG owners to cut back on meal services. The Whitefield PG Owners’ Welfare Association has notified residents that lunch services will be temporarily halted…

Latest StoriesResidential

Uttar Pradesh Introduces OTS Scheme for Property Defaulters

LUCKNOW: The housing development authorities in Uttar Pradesh are set to introduce a one-time settlement scheme aimed at allowing defaulters the opportunity to settle their debts. The cabinet has given the green light for this scheme, which is designed to stimulate the real estate market and recover overdue payments from buyers who owe money to organizations such as the Lucknow Development Authority and Kanpur Development Authority. This scheme will be applicable for settling debts that have accrued from the purchase of various types of properties, including residential, commercial, mixed-use, and institutional sectors. Currently, there are 18,982 pending default cases with…

Latest StoriesResidential

Pune’s Registration Dept. Considers Cleaning Tenant Agreements

Representative AI image PUNE: The state’s property registration department is considering implementing online leave-and-licence (tenant) agreements that can be processed at any sub-registrar office within a district, rather than limiting it to specific taluka offices. This initiative aims to reduce backlog and expedite approvals. According to officials, this system has been successfully implemented in districts like Mumbai and Thane. However, its introduction in Pune has faced delays due to the use of two disparate software systems in urban and rural offices. A registration department official stated, “There are requests to initiate this process in Pune once the software issues are…