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

1,000+ Flats for Urban Poor in Prayagraj Under PMAY

PRAYAGRAJ: The Prayagraj authorities are making strides to enhance housing for the urban poor by planning the construction of over 1,000 flats under the Pradhan Mantri Awas Yojana (PMAY) Phase II. Led by the Prayagraj Development Authority (PDA), efforts are underway to identify land which will be provided by the municipal corporation and district administration. The PDA has engaged with relevant departments to expedite the process. Several potential locations have been earmarked for the initiative, including a 4,000 sqm plot near Dhobighat, around four bighas in Peepal Gaon, and approximately 3,000 sqm in the Khuldabad area. Additionally, discussions are in…

Latest StoriesResidential

Mohali Launches 50th Affordable Housing Project in Sector 114

Representative Image MOHALI: The Greater Mohali Area Development Authority (GMADA) has launched its 50th affordable housing project, introducing a revised layout plan for a new residential plotted colony spanning 25 acres in Sector 114, village Kailon, Tehsil Mohali. Dubbed “White City,” this initiative is being developed by a private company, according to GMADA officials. A public notice regarding the updated layout has been issued by GMADA, inviting interest from potential buyers and stakeholders. Over the years, Mohali has seen a consistent increase in affordable housing developments, driven both by GMADA and private developers. Areas like Kharar, Banur, and sectors such…

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Delhi: 700+ DDA Flats Booked Within 2 Days of Launch

Representative image NEW DELHI: Over 700 flats have been booked under two residential schemes by the Delhi Development Authority (DDA) in the Narela area within just two days of their launch, officials reported on Friday. Under the ‘DDA Karmayogi Awaas Yojana’ 2025, flats are available for retired government employees. Recently, the DDA introduced 936 additional flats in Pocket 6, Sector A1-A4, Narela. “Booking commenced on March 26, coinciding with Ram Navami, and saw a remarkable response, with more than 400 flats booked within just two days,” an official statement revealed. In a similar manner, the ‘DDA Nagrik Awaas Yojana’ 2026…

Latest StoriesResidential

Kolkata Home Registrations Fall 1% YoY to 4,974 in Feb 2026

Sure! Here’s a rewritten version of the content: KOLKATA: In February, the Kolkata Metropolitan Area (KMA) saw a significant increase in residential property registrations, reaching 4,974—a 63% rise from the previous month. This uptick is attributed to a recovery from the seasonal dip observed in January, according to property consultant Knight Frank India. Compared to February 2025, this year’s registrations saw a slight decline of 1%, with 5,016 units recorded last year. The data originates from the Directorate of Registrations and Stamps Revenue, Government of West Bengal, and accounts for transactions in both the primary (new sales) and secondary (resale)…

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31,000 Homes Built in J&K Under PMAY-U, Delays Cited

JAMMU: On Friday, the Jammu and Kashmir government announced that over 31,000 houses have been constructed under the Pradhan Mantri Awas Yojana (PMAY) since the program began. The construction of several units is currently ongoing, primarily due to constraints faced by beneficiaries. In response to an assembly inquiry, the government stated that 39,153 houses have been sanctioned under the beneficiary-led construction (BLC) vertical of the PMAY-urban mission 1.0 across the Union Territory. Of these, 31,173 are complete and 7,980 are still under construction, with a goal to finish by the extended mission deadline of September 2026. District-wise data indicates that…

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Free Regularization of 500 sq ft Encroachments in Maharashtra

MUMBAI: The Maharashtra government has announced a significant policy change allowing for the free regularization of residential encroachments up to 500 square feet that existed as of January 1, 2011, applicable statewide, but excluding Mumbai and its suburbs, according to a minister’s statement on Friday. Revenue Minister Chandrashekhar Bawankule clarified that encroachments on riverbeds, drains, grazing land, public roads, forests, cremation grounds, playgrounds, and designated school or hospital lands will not be regularized under any circumstances. “Such encroachments will be removed, and families affected will be considered for alternative housing under the Pradhan Mantri Awas Yojana (PMAY),” he added. The…

Latest StoriesResidential

Birla Estates and Arvind SmartSpaces Launch Mumbai Housing Projects

NEW DELHI: Birla Estates and Arvind SmartSpaces are entering Mumbai’s society redevelopment market with distinct residential projects in Khar West and Santacruz, as both companies aim to seize redevelopment opportunities in the city’s limited land market. Birla Estates (BEPL), a subsidiary of Aditya Birla Real Estate, is set to redevelop the Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, in collaboration with Parinee Real Estate Builders. The project encompasses a saleable area of approximately 2.9 lakh sq ft, with a projected revenue potential of around ₹1,700 crore, marking the company’s debut in Mumbai’s redevelopment sector.…

Latest StoriesResidential

No House Photo Needed for Property Tax: Mohali Mayor

MOHALI: In a significant development, Mayor Amarjit Singh Sidhu has announced that the Mohali Municipal Corporation (MC) will soon eliminate the requirement for residents to submit front and back photos of their houses when paying property tax. This decision follows concerns expressed by councillors. The issue was raised during a recent MC House meeting, where councillors noted that many residents were hesitant to pay property tax due to the photograph requirement. Some homeowners have made changes to their properties and are waiting for approval under the need-based changes policy. They worry that submitting photos could lead to violation notices from…

Latest StoriesResidential

Kolhapur Offers 80% Rebate on Property Tax and Water Penalties

KOLHAPUR: The Kolhapur Municipal Corporation (KMC) has announced an 80% rebate on penalties for property tax and late water bill fees, applicable to defaulters who settle all outstanding amounts, including the current bill, in one payment. This rebate scheme is effective from March 26 to 31, with all Citizen Facilitation Centers operating during holidays from March 28 to 31, 2026. The KMC confirmed that this rebate applies to both residential and non-residential properties for payments made between March 26 and 31, 2026, as per the resolution passed by the general body and directives from Mayor Rouparani Nikam, with the approval…