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

Karnataka Plans Vertical Growth Ordinance for Apartment Residents

BENGALURU: In a significant move towards vertical growth, the government announced on Thursday its plan to implement the Karnataka Apartment Ownership and Management Act 2025 (KAOMA) and will soon issue an ordinance, a decision set to benefit numerous apartment residents. During a debate on urban development in the assembly, Deputy Chief Minister DK Shivakumar stated that the ordinance would follow discussions with stakeholders and legislators. BJP members, led by opposition leader R Ashoka, highlighted the long-standing demand among apartment residents for this legislation. Acknowledging this, Shivakumar remarked, “If it weren’t for a few clarifications, we would have already introduced the…

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Telangana to Reallocate 12,000 Vacant 2BHK Houses

HYDERABAD: Housing Minister Ponguleti Srinivas Reddy announced on Wednesday that the government is addressing the issue of vacant 2BHK housing units, especially those situated far from beneficiaries’ homes. Within the Greater Hyderabad Municipal Corporation (GHMC) limits, approximately 92,000 2BHK houses have been approved by the BRS government. Out of these, around 61,000 are completed, while 21,838 are still under construction. Before the 2023 assembly elections, the government allotted 23,500 houses, but 12,000 remain unoccupied, primarily in Hyderabad, Sangareddy, Medchal, and Rangareddy districts. During the assembly’s question hour, the minister revealed that notices had been sent to beneficiaries, instructing them to…

Latest StoriesResidential

Ludhiana: 1,500+ Compete for LIT’s Atal Apartment Scheme

LUDHIANA: The Ludhiana Improvement Trust (LIT) has seen strong interest from residents for the remaining 179 flats under the Atal Apartment Scheme. The draw is scheduled to take place around April 14, and officials have posted the final list of applicants on the LIT website. Some applicants, however, have been asked to submit pending documents. The LIT received approximately 1,539 applications for the remaining flats—973 from the middle-income group and 566 from the high-income group. Among these, the available flats include 43 high-income group and 136 middle-income group units. Applicants are optimistic that the construction will be completed on time,…

Latest StoriesResidential

Ghaziabad Residents Face 12% Penalty Fear Over Tax Dues

NOIDA: As the current financial year approaches its end, consumers are facing confusion regarding property tax obligations. Mayor Sunita Dayal claims the recent property tax hike has been reversed, while officials from the GMC assert that no such decision has been made. The mayor’s office insists that property taxes will return to their pre-April 1, 2025 levels. Meanwhile, consumers who have not settled their taxes are worried about facing a 12% penalty on their outstanding property tax dues after March 31. Raj Shekhar, a resident of Kavinagar, expressed frustration, stating, “This issue has been ongoing for a year. The mayor…

Latest StoriesResidential

One Lakh Houses to be Ready for Beneficiaries by March 31

HYDERABAD: Telangana Housing Minister P Srinivas Reddy announced on Wednesday that over 100,000 houses built under the Indiramma housing scheme will be distributed to beneficiaries by March 31, with an additional 100,000 to be completed by June. Responding to a query during the Legislative Assembly’s Question Hour, the minister revealed that the first phase saw the approval of 450,000 houses statewide, including 12,000 specifically for the Chenchu community and tribal residents under the Integrated Tribal Development Agency (ITDA). “By March 31, approximately 112,000 Indiramma houses are expected to be completed, with housewarming ceremonies planned. Under Chief Minister Revanth Reddy’s leadership,…

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50% Property Tax Discount for Women Owners in Pune

PUNE: Smaller property owners expecting tax concessions from the civic administration, as promised by political leaders, continue to wait. During the Pune Municipal Corporation (PMC) budget announcement, no general tax waiver for properties up to 500 square feet was mentioned, contrasting with the policies of the Brihanmumbai Municipal Corporation (BMC). The Bharatiya Janata Party (BJP) had included a tax waiver in its manifesto for the recent civic elections. However, the PMC has only offered a 50% discount for small properties, and this benefit applies exclusively to properties owned by women. Civic activists have deemed this announcement a betrayal of public…

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Haryana Updates Allotment Rates for Affordable Housing Projects

CHANDIGARH: The Haryana Cabinet has approved an amendment to the Affordable Housing Policy-2013, increasing the allotment rates for apartment units in affordable group housing projects by 10-12%. During a meeting led by Chief Minister Nayab Singh Saini, the Cabinet authorized this amendment under section 9A of the Haryana Development and Regulation of Urban Areas Act, 1975, according to an official statement. The allotment rates for apartment units are specified in Clause 5(i) of the Affordable Housing Policy-2013. These rates were first established in 2013, with revisions in 2021 and 2023. The decision comes following requests from industry representatives, including the…

Latest StoriesResidential

Collector Rates Revised; Chandigarh Property Prices Up

CHANDIGARH: Starting from April 1, purchasing property in the city will become more expensive, particularly for residential options. The Chandigarh administration has raised collector rates across all categories, with the most significant increase occurring in the residential sector—up to 33% in plotted areas, up to 25% for housing board flats, and up to 15% for society flats. Last year, there was a nearly 130% increase in collector rates for sectors 1 to 12, 96% for sectors 14 to 37, and 80% for sectors beyond 38. In the previous revision in April 2021, rates for commercial properties were reduced by 10%,…

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ASK Property Fund Sells ₹650 Cr Stake in Mahagun Noida Project

NEW DELHI: ASK Property Fund has successfully exited its ₹650 crore investment in a residential project led by Mahagun Group in Noida, achieving an internal rate of return (IRR) of 21% and a 2.1x multiple, according to the company’s statement. The fund initially invested approximately ₹310 crore in 2021, supporting the project’s growth and providing structured capital for a saleable area of about 2.4 million square feet. Additionally, the fund has completed a full exit from its ₹1,500 crore debt fund launched in 2018, realizing an investment multiple of 1.83x. Published On Mar 24, 2026 at 02:59 PM IST Join…

Latest StoriesResidential

500+ Objects Aligned with Collector Guidelines for Indore Property

INDORE: The deadline for submitting objections to the proposed collector guideline rates in Indore closed on Saturday, with nearly 500 formal complaints submitted by residents, real estate experts, and legal professionals. The District Evaluation Committee had previously approved rate hikes ranging from 10% to an alarming 200% across 2,606 locations in the district. Senior district registrar Manjula Patel confirmed that objections were submitted through registration offices, email, and WhatsApp. These will be compiled and reviewed by the District Evaluation Committee before the final proposal is sent to the Central Evaluation Committee in Bhopal by March 24. Many objections point to…