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

North Bengaluru’s Growth Fueled by Infrastructure and Lifestyle

BENGALURU: North Bengaluru is transitioning from a potential market to a thriving residential hub, fueled by airport accessibility, infrastructure growth, social facilities, and an increase in office demand, industry experts noted on Tuesday. These insights emerged during the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where a panel discussion focused on the city’s evolving residential sectors and Karnataka’s growth trajectory. The discussion featured industry leaders including Nesara B.S., Chairman of Concorde; Subhakar Rao Surapaneni, Chairman of Champion Infratech; P Ravindra Pai, Managing Director of Century Real Estate; Manjesh Rao, Founder & Chief Realty Officer of BrokerInBlue; and Navin Dhanuka, Director…

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Goa: Karapur Housing Project Protest Hits Day 78

Representative Image BICHOLIM: The protest against a large housing project in Karapur reached its 78th day on Sunday, with locals vowing to continue until the project is abandoned. Residents claim that the project breaches environmental regulations. Under the banner of Karapur Gramastha Ekvoticho Aawaz, villagers are staging a sit-in near the Shri Shantadurga Temple. Women involved in the protest expressed their determination to persevere as long as needed. Gauresh Ghadi, president of the Karapur Biodiversity Management Committee, stated that the villagers initiated a tree-planting campaign on Sunday in areas where project officials reportedly cleared vegetation. He noted that a peacock…

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Mulund Homeowners Claim Interior Firms Duped Them

MUMBAI: What was intended to be the beginning of luxurious living has turned into a nightmare for numerous residents in a housing society in Mulund West. Many homeowners allege they were defrauded of lakhs of rupees by interior design firms that promised to transform their newly acquired apartments but vanished after collecting hefty advance payments. Residents report that at least four interior design firms accepted advance payments totaling lakhs of rupees, assuring them that work would be completed on time. However, many homeowners claim the projects were either halted midway or never started, despite numerous assurances and follow-ups. Growing frustration…

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PMAY-Urban Deadline Extended to September End in Odisha

BHUBANESWAR: The central government has announced an extension of the Pradhan Mantri Awas Yojana-Urban (PMAY-U) until September 30, 2026. This extension is deemed the final deadline for completing pending housing units, with a clear statement that no financial support will be granted for projects not initiated by December 31, 2025. An official update from the Ministry of Housing and Urban Affairs states that future central assistance will only apply to houses sanctioned before March 31, 2024, and those either completed or under construction by December 31, 2025. Any projects that do not commence before this deadline will be ineligible for…

Latest StoriesResidential

Bhubaneswar: BDA Directs Allotees’ Group to Hold New Executive Polls

BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has mandated the allottees’ association of a significant residential project in Kalinga Nagar to hold new elections for its executive committee. This decision follows complaints regarding serious procedural violations since the Odisha Apartment (Ownership and Management) Act, 2023, took effect. Acting as the relevant authority under the Act, the BDA issued this order after considering complaints from several allottees of the Kalinga Nagar apartment project. The plaintiffs alleged that the last election held in October 2024 contravened statutory requirements and model bye-laws. The BDA, after reviewing arguments from both parties and conducting a conclusive…

Latest StoriesResidential

Indore to Seek Tenders for 8,100 PMAY 2.0 Flats

INDORE: The Indore Municipal Corporation (IMC) is set to build 8,100 new flats as part of the Pradhan Mantri Awas Yojana (PMAY) to help those impacted by road widening projects and provide affordable housing options. “The Mayor-in-Council (MIC) has approved the tender invitation for constructing 8,100 new high-rise residential flats under PMAY 2.0,” stated additional commissioner Arth Jain to TOI. He emphasized that the initiative aims to support families displaced by various infrastructure projects while contributing to the local affordable housing market. The estimated financial outlay for this extensive housing project is about Rs 1,200 crore. This preliminary cost includes…

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Survey to Focus on Current Areas, Not New Claims in Haryana

GURUGRAM: New constructions or expansions are excluded from an ongoing exercise designed to identify residential areas within the notified Punjab Land Preservation Act (PLPA) zone in Anangpur, Faridabad. Officials engaged in ground-truthing to determine residential areas noted attempts by some residents to extend their property boundaries. As a result, they emphasized that such modifications should not skew the findings of the exercise. A ground-truthing exercise verifies and validates information derived from remote sources like satellite imagery or official documentation to ensure that the data accurately reflects the current state of the land. Officials have directed that the focus remain on…

Latest StoriesResidential

Haryana: RWA Must Preserve Essential Services Despite Dues

GURUGRAM: The registrar-general of societies in Haryana has ruled that resident welfare associations (RWAs) cannot suspend essential services like garbage collection or digital access systems as a means to recover unpaid maintenance fees. Additionally, it was emphasized that maintenance charges should be proportional to the size of residences, rather than uniformly applied to all properties. The June 16 directive arose from a conflict involving residents and the N Block RWA of Mayfield Gardens, concluding a legal struggle that had persisted for almost nine months across various administrative channels. On September 27 of the previous year, the RWA held a general…

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Odisha Government Releases SOP for Apartment Registration

BHUBANESWAR: To enhance transparency in the apartment registration process, the revenue and disaster management department, along with the housing and urban development department, issued a joint standard operating procedure (SOP) on Friday. Officials indicated that the SOP aims to eliminate uncertainties arising from varied interpretations of the Odisha Apartment (Ownership and Management) Act, 2023, the Real Estate (Regulation and Development) Act, 2016 (RERA), and the Registration Act, 1908, thereby standardizing the registration process. The SOP categorizes apartment registrations into three types: resale of pre-RERA apartments, first sale of unsold flats in pre-RERA projects, and post-RERA apartments. It outlines the necessary…

Latest StoriesResidential

Over 300 Jamshedpur Beneficiaries Get New PMAY Home Keys

JAMSHEDPUR: On Friday, over 300 beneficiaries were handed the keys to their new homes, developed under the Pradhan Mantri Awas Yojana (Urban) in Birsanagar, Jamshedpur. The event was inaugurated online by Jharkhand Minister for Urban Development and Housing, Sudivya Kumar. A total of 322 individuals received symbolic keys to their new residences as part of the Birsanagar Affordable Housing Project under the PM Awas Yojana. Two blocks, totaling 644 housing units, were constructed as part of this initiative. During the event, BJP MP Bidyut Baran Mahato and Jamshedpur East MLA Purnima Das Sahu planted saplings on the project grounds, emphasizing…