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

Supreme Universal to Invest ₹1,500 Crore in Pune Housing Project

NEW DELHI: Supreme Universal is set to invest approximately ₹1,500 crore in a residential project located in Pune’s Punawale area, which has a development potential exceeding three million sq ft. The project, developed under a joint development agreement with a landowner, will cover 12.6 acres and consist of over 2,200 apartments across multiple phases. The development, named Supreme Rivana, will offer 2BHK, 3BHK, and 4BHK units aimed at the mid-to-premium housing segment in West Pune. Construction will take place in phases, with the total investment covering all construction costs. Published On Mar 23, 2026 at 12:57 PM IST Join a…

Latest StoriesResidential

Affordable Flats for Urban Poor at 5 Locations: Odisha Minister

BHUBANESWAR: The state government is advancing five major affordable housing projects in Bhubaneswar, Cuttack, and Rourkela through a public-private partnership (PPP) model, as stated by Housing and Urban Development Minister Krushna Chandra Mahapatra in a written reply during the ongoing assembly session. The projects are being executed under Model IV of the Housing for All (Urban) policy, which allows private developers to construct housing units on 65% of the project land, while utilizing the remaining 35% for their commercial or residential use. According to the minister’s reply, the houses are being built in accordance with the Odisha Housing for All…

Latest StoriesResidential

Chandigarh Housing Board to Increase Charges for Resumed Properties

CHANDIGARH: The Chandigarh Housing Board (CHB) has announced a proposed increase of up to 7% in restoration charges for properties that have been resumed due to unpaid dues or building violations. Previously, these charges ranged from ₹1.50 lakh to ₹2 lakh based on the floor and category of the property. Under the new structure, the charges are set to rise by an additional ₹1 lakh to ₹3 lakh in many instances. Furthermore, the revised fees will be aligned with the current collector rates, which may significantly impact smaller or lower-category properties. CHB has indicated that the current restoration fees are…

Latest StoriesResidential

Kerala Housing Board to Rebuild Uninhabitable Chottanikkara Flat

KOCHI: The Kerala State Housing Board (KSHB) is set to reconstruct a flat built under the Saphalyam housing scheme in Chottanikkara, allocating ₹2.27 crore for the project. The existing flat has become uninhabitable due to significant structural issues that emerged within four years of its construction. KSHB officials, alongside panchayat authorities, assessed the flat before initiating plans for the new construction. The three-storeyed building was designed to house 24 families and was erected between 2015 and 2020 during the UDF local body administration. It was discovered that multiple organizations, including KSHB and the local body, failed to adequately oversee the…

Latest StoriesResidential

Delhi: Pay 25% Upfront for Provisional NOC on Homes

Sure! Here’s a revised version of the content: — NEW DELHI: The Delhi Jal Board (DJB) has approved significant reforms regarding infrastructure charge (IFC) payments, providing much-needed relief for property owners and developers in the capital. Individuals and agencies can now secure a provisional no objection certificate (NOC) by paying just 25% of the required infrastructure charges during the building plan approval phase. The remaining balance will be payable later, adjusted according to final applicable rates when a water connection is sanctioned. Officials believe this temporary arrangement will quickly revive thousands of stalled projects. Water Minister Parvesh Verma stated that…

Latest StoriesResidential

Paranjape Plans ₹700 Crore Investment in Pune Residential Projects

NEW DELHI: Paranjape Schemes Construction is set to invest approximately ₹700 crore in a series of residential projects located in Pune’s western corridor. The projects include five residential towers: two each at Sinhgad Road and Bhugaon, plus one at Hinjewadi Phase 1. This investment will cover construction costs and land acquisitions. Altogether, the developments will have a potential build-out of more than 1.75 million square feet, featuring around 1,400 residential units. The expected revenue from these launches is estimated at ₹1,175 crore. Amit Paranjape, the company’s business development head, stated, “In addition to our new launches, we are also in…

Latest StoriesResidential

Prayagraj body to revise unsold flat rates and simplify rules

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has announced plans to adjust the prices of its unsold residential units to rekindle interest among potential homebuyers. This decision was made during the PDA’s board meeting on Wednesday. Chairing the session, divisional commissioner Saumya Agarwal instructed officials to review house pricing in line with government-issued costing guidelines and current market conditions. Previously, PDA had frozen the property prices, a move that did not attract buyers. The board has also endorsed proposals to amend discrepancies in the city’s Master Plan 2031. Currently, regulations in upscale neighborhoods like Civil Lines, Georgetown, and Tagore Town restrict…

Latest StoriesResidential

Rustomjee Group to invest ₹5,800 crore in Mumbai housing project

Representative AI image NEW DELHI: Rustomjee Group is set to invest approximately ₹5,800 crore in the development of a residential project named Rustomjee Vista Bay in Parel Extension, Mumbai. The project spans 1.52 acres and is designed as a low-density, gated community featuring around 200 residences in a single tower with two wings. It will offer 2BHK and 3BHK homes with sizes ranging from 805 sq ft to 1,356 sq ft. Boman Irani, chairman and managing director of the company, stated, “Vista Bay signifies our entry into Parel Extension at a time when the area is experiencing renewed interest in…

Latest StoriesResidential

2,700+ EWS families find homes in Gurugram housing project

GURUGRAM: On Monday, a total of 2,709 EWS families received flats under the Chief Minister Housing Scheme, marking the realization of their long-held dream of homeownership. Each beneficiary will receive a 200 sq ft flat for a maximum cost of ₹1.5 lakh. The flats are part of group housing projects approved by the Department of Town and Country Planning (DTCP) and developed by private firms including Emaar, M3M, DLF, Vatika, Ireo, Sobha, and Godrej. The Haryana Urban Development Authority conducted the allotment at the Gurgaon University campus via an online lucky draw. The event was supervised by district nodal officer…

Latest StoriesResidential

Telangana to Launch Phase Two of Indiramma Housing in April

HYDERABAD: Housing Minister Ponguleti Srinivas Reddy announced in the council on Wednesday that the second phase of the Indiramma housing initiative is set to launch in April and May across the state. In response to questions, the minister stated that the Indiramma housing program will continue annually to ensure housing for the underprivileged. The objective is to construct Indiramma houses in every urban ward within the next three years. Approximately 100,000 houses are expected to be completed by March, and most of the 300,000 houses sanctioned in the first phase will be ready by June or July. Special efforts are…