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.

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Mumbai Property Registrations Up 8% in July 2026

NEW DELHI: In July 2026, Mumbai, under the jurisdiction of the BMC, saw 13,617 property registrations, marking an 8.3% increase compared to the previous year, as reported by Knight Frank India. During this month, the Maharashtra government generated ₹1,223 crore in stamp duty, up 8.9% year-on-year. This figure represents the highest July revenue recorded in the last 14 years. Compared to June 2026, the number of registrations rose by approximately 2% from 13,413, with stamp duty collections rising by 13% from ₹1,086 crore. In July 2025, Mumbai had 12,579 property registrations and generated ₹1,123 crore in stamp duty. Shishir Baijal,…

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Mhada Secures Land in Nashik for 200 New Homes

Representative AI image NASHIK: In a significant move towards enhancing affordable housing in Nashik, the Maharashtra Housing and Area Development Authority (Mhada) has been allocated 2,553 sqm of surplus land in Makhmalabad by the district administration. This parcel is expected to house around 200 low-income families. The transfer of the land, designated as surplus under the Urban Land Ceiling (ULC) Act of 1976, has been formally approved by the Nashik district administration. Mhada’s Nashik division has acquired the land at a nominal rate of Re 1 per sqm, totaling Rs 2,553. Nashik Collector and Competent Authority Ayush Prasad issued a…

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Hingoli to Require Earthquake-Resistant Homes in Seismic Zones

Representative AI image CHHATRAPATI SAMBHAJINAGAR: In a proactive step, the Hingoli district administration has mandated that all new constructions, including those under the Pradhan Mantri Awas Yojana (PMAY), be designed to withstand earthquakes in specified seismic zones. This decision follows a notable increase in seismic activity, with the district experiencing 36 earthquakes in recent years. District collector Rahul Gupta stated that Hingoli will be the first district in India to enforce earthquake-resistant building standards for PMAY beneficiaries in areas susceptible to frequent seismic events. The administration has consulted the Central Building Research Institute (CBRI), Roorkee, to establish suitable construction guidelines.…

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Centre: Andhra Pradesh Did Not Request PMAY-U 2.0 Homes for Amaravati

VIJAYAWADA: The Union government has informed Parliament that the Andhra Pradesh government did not submit requests for housing under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 for eligible impoverished families in the Amaravati Capital Region, although they did put forward housing proposals for other urban local bodies in the state. In written responses to queries from YSRCP MPs Maddila Gurumoorthy in the Lok Sabha and Meda Raghunath Reddy in the Rajya Sabha, the Ministry of Housing and Urban Affairs disclosed that it approved 61,084 houses under PMAY-U 2.0, allocating central funding of Rs 882.32 crore based on the proposals provided…

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Over 421,000 Beneficiaries Registered Under PMAY-Urban 2.0 in Maharashtra

MUMBAI: As of July 30, a total of 421,083 beneficiaries have registered on the unified web portal for the PM Awas Yojana (Urban) 2.0 in Maharashtra, with the approval for the construction of 160,463 houses, as per a government release issued on Thursday. In a review meeting, Chief Minister Devendra Fadnavis discussed the implementation of the Pradhan Mantri Awas Yojana (Urban) and available housing options under various schemes, urging all agencies to expedite their housing projects across the state. A total of 160,463 houses have received approval under the scheme. This encompasses Beneficiary-Led Construction (BLC), Affordable Housing in Partnership (AHP),…

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Innov8 Founder Acquires Golf Links Bungalow for ₹85 Crore

AI-generated Representative Image Ritesh Malik, the founder of co-working firm Innov8, acquired a 575-square yard bungalow in Delhi’s Golf Links for approximately Rs 85 crore, as confirmed by two sources familiar with the transaction. This deal contributes to a growing trend of high-value residential purchases by corporate leaders in affluent areas of Delhi, with Golf Links emerging as a favored choice for entrepreneurs in recent years. India Sotheby’s International Realty facilitated the transaction, representing both the buyer and seller while confirming their exclusive mandate. “Golf Links has become the preferred choice for entrepreneurs,” said Ashwin Chadha, CEO of India Sotheby’s…

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RWA Challenges SEIAA on Amaltash Clearance in Gurugram

GURUGRAM: The Haryana government’s decision to uphold the environmental clearance (EC) for a project in Sector 28 has been contested in the National Green Tribunal (NGT). The NGT has granted the Amaltash Residential Welfare Association (ARWA) four weeks to submit objections regarding the State Environment Impact Assessment Authority (SEIAA) compliance report. The case is scheduled for a subsequent hearing on October 16. Despite calls for a new traffic impact assessment, SEIAA approved the EC for Silverglades Infrastructure’s Amaltash Residential Project. The main concern revolves around whether the project complies with the environmental conditions of its EC, particularly concerning traffic access…

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Rajaji Nagar housing project nears occupancy, awaits final utility

THIRUVANANTHAPURAM: The first phase of the Rajaji Nagar rehabilitation housing project is nearing completion, with a new apartment block ready for occupancy pending only a water supply connection from KWA. The power connection from KSEB has already been established, allowing the city corporation to commence the allotment process. Officials anticipate that the first group of families will move into the new flats by the second week of August. Implemented by Smart City Thiruvananthapuram Ltd (SCTL) under the Smart Cities Mission, this project represents a significant advancement in the redevelopment of Rajaji Nagar, one of the oldest and most densely populated…

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Patna Civic Body Launches Property Tax Drive for All Flats

PATNA: The Patna Municipal Corporation (PMC) announced a citywide initiative on Tuesday to incorporate all flats in multi-storey buildings into the property tax system. Apartment secretaries and management committees have been requested to supply detailed information about each flat to enable a precise tax assessment. Officials emphasized that this initiative seeks to identify properties either not included in the tax net or underreporting their tax obligations. This effort is expected to enhance revenue collection and to establish a comprehensive database of residential properties in the city. The PMC has devised an action plan across all circles. As part of this…

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Maharashtra: Housing Societies Gain Binding Governance Reforms

Representative AI image MUMBAI: Maharashtra has instituted a major reform in cooperative housing society governance with amendments to the Maharashtra Co-operative Societies Rules, 1961, implementing numerous member-oriented changes set to impact thousands of apartment owners across Mumbai, the MMR, and the state. While the focus has been on self-redevelopment and reduced penal interest on maintenance dues, several crucial governance reforms have flown under the radar. The new Rules, effective from June 18, lower the minimum number of members required to establish a cooperative housing society from 10 to five. They also introduce a formal name reservation process for proposed societies,…