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

Delhi Govt Considers Mandatory Fire Safety for Low-Rise Homes

NEW DELHI: The Delhi government is considering new bylaws to require fire safety measures, including smoke detectors and fire extinguishers, for low-rise residential buildings, officials announced on Thursday. This initiative follows recent fire incidents in Malviya Nagar, Vivek Vihar, and Palam that resulted in multiple fatalities. The government is looking into mandates for fire safety in residential structures under 15 metres tall, as current regulations do not necessitate fire safety certificates for such buildings, as stated by officials. Currently, fire safety measures like hydrants and smoke detectors are mainly required in high-rise buildings that need fire no objection certificates (NOCs).…

Latest StoriesResidential

Delhi’s NDMC Residents to Get Uniform Property Tax Soon

NEW DELHI: Residents within the New Delhi Municipal Council (NDMC) area will soon be subject to a unified property tax system, as the civic body has completed the necessary bye-laws and technical preparations for a new assessment method, officials announced on Thursday. Officials indicated that the NDMC has modernized its online property tax platform and conducted tests with the National Informatics Centre, setting the stage for the implementation of changes to the outdated rateable value-based assessment approach. A Municipal Valuation Committee is set to be established shortly, after which it is anticipated that the revised framework will come into effect…

Latest StoriesResidential

Govt Tells CIC: No PMAY-Gramin Denial for Temp Work Migration

NEW DELHI: The Ministry of Rural Development has clarified that eligible migrant laborers cannot be refused pucca houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) simply because they are temporarily living outside their native villages for work. This information was provided to the Central Information Commission (CIC) during an RTI hearing. The clarification arose from an RTI request regarding whether rural families migrating temporarily for employment could be excluded from PMAY-G and other rural welfare schemes. According to a recent CIC ruling, the ministry stated, “there is no specific order/circular/rule from the Ministry of Rural Development that a family shall…

Latest StoriesResidential

Delhi’s Low Property Regularisation Response Leads to Fee Cuts, Camps

NEW DELHI: Over a month after the MCD launched a portal for regularizing properties in unauthorized colonies, officials report plans to decrease regularization fees due to only two applications received from eligible beneficiaries. The SWAGAM portal, initiated on April 24, allows residents of unauthorized colonies to regularize their properties on an “as is where is” basis after securing ownership rights under the Centre’s Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY). Despite nearly 40,000 PM-UDAY beneficiaries being eligible, only two have taken action through the portal. Officials speculate that this low response is due to a lack of…

Latest StoriesResidential

Shreyas Iyer Leases Worli Property for ₹7.14 Crore

NEW DELHI: Indian cricketer Shreyas Iyer has rented a residential unit in Artesia, Worli, Mumbai, at a starting monthly rent of ₹18.50 lakh. The unit spans 360 sq meters (3,875 sq ft) and includes four car parking spaces. The registration of the deal involved a stamp duty of ₹1.84 lakh, registration charges of ₹1,000, and a security deposit of ₹74 lakh, as detailed in property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. The agreement was officially registered in June 2026. According to an analysis by Square Yards, the lease duration is set for…

Latest StoriesResidential

Pimpri Chinchwad’s PCMC Tax on Amenities Sparks Outrage

PUNE: Residents of various housing societies in Pimpri Chinchwad are protesting the civic authorities’ decision to charge property tax on amenity spaces in residential complexes. They argue that this decision adds to the financial strain on residents already facing increased maintenance costs. Recently, several societies received property tax bills ranging from Rs 1 lakh to Rs 5 lakh for common areas like clubhouses, swimming pools, libraries, and society offices. Residents claim that property tax has historically only applied to individual residential units and that common areas should not be taxed separately. Representatives from housing societies expressed surprise at this new…

Latest StoriesResidential

Punjab to draft relief policy for unauthorized colonies: CM

CHANDIGARH: Chief Minister Bhagwant Mann announced on Wednesday that the Punjab government is developing a policy aimed at assisting those who invested their savings in unauthorized colonies. He noted that numerous residents across Punjab have been adversely affected by fraudulent developers who sold illegal properties, leaving them with legal and infrastructure challenges. “Thousands of innocent families invested their life savings into these plots, only to find themselves unable to sell the land or secure registrations. They are also lacking basic amenities such as electricity, water, and sewer connections. These individuals are victims and deserve justice,” Mann stated. “Fraudulent developers misled…

Latest StoriesResidential

Gurugram Man Arrested for Defrauding 242 Home Buyers

GURUGRAM: The Economic Offences Wing of Haryana Police has apprehended a 33-year-old man, Anubhav Bhardwaj, for allegedly defrauding individuals under the guise of providing flats in a housing society located in Sector 55. Bhardwaj, who resides in Mohan Garden, Delhi, was taken into custody on June 8 at Delhi Airport, reportedly while preparing to travel to Indonesia. A lookout circular had been issued against him last year. Authorities reported that a case was initiated at the Sector 56 police station following a woman’s complaint. She claimed she was persuaded by her husband’s former colleague, Ishpal Bhardwaj, to invest in a…

Latest StoriesResidential

DDA Sells 142 Properties, Generates ₹1,300 Crore Revenue

NEW DELHI: The Delhi Development Authority (DDA) successfully auctioned 142 properties, generating Rs 1,321 crore in revenue, as reported by officials on Wednesday. The mega e-auction attracted bids from investors, institutions, and businesses, resulting in robust value realization through competitive bidding. “The e-auction totaled a highest bid of Rs 1,321.21 crores, significantly exceeding the reserve price of Rs 480.38 crores—nearly three times the reserve value—which corresponds to an approximate 175% premium,” the statement said. Since taking office, Lieutenant Governor G Taranjit Singh Sandhu has focused on transforming the capital into a global city characterized by sustainable investment, superior housing, and…

Latest StoriesResidential

Ajit Agarkar Sells Mumbai Apartment for ₹4 Crore

NEW DELHI: Former Indian cricketer Ajit Agarkar has sold his residential property located in the Jewel Co-op Housing Society in Bandra West, Mumbai, for ₹4 crore. The property, which has a built-up area of 114.15 sq meters (1,229 sq ft), includes two car parking spaces. The sale was registered in April 2026. Property registration documents reviewed by Square Yards indicate that the transaction entailed a stamp duty payment of ₹24 lakh and registration fees of ₹30,000. Published On Jun 10, 2026 at 11:00 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the…