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

Andhra Pradesh Offers 50% Waiver on Property Tax Dues

VIJAYAWADA: The state government announced on Tuesday a one-time 50% waiver on interest for accumulated property tax arrears for the financial year 2025-26 across all municipalities and municipal corporations. This waiver is accessible to taxpayers who pay 100% of the principal property tax dues, as well as the remaining 50% interest, in a single lump-sum payment by March 31. The government specified that this offer is time-limited and will not be extended. Additionally, any interest that has already been paid will not be refunded and can only be adjusted against future tax demands as per existing provisions. Property tax is…

Latest StoriesResidential

Legal Challenges for Jaypee Sports City Buyers Amid Adani Takeover

NOIDA: The National Company Law Tribunal (NCLT) has approved Adani Enterprises’ ₹14,535 crore resolution plan for Jaiprakash Associates Ltd (JAL) in accordance with the Insolvency and Bankruptcy Code, 2016. The future of the stalled Jaypee Sports City project, along with the thousands of homebuyers affected, is now contingent upon the outcome of a simultaneous legal dispute before the Supreme Court. The Supreme Court is scheduled to hear a petition from the developer challenging a March 2025 ruling by the Allahabad High Court, which affirmed the decision made by the Yamuna Expressway Industrial Development Authority (YEIDA) to annul JAL’s allotment of…

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Sambhajinagar Residents Seek Property Tax Waiver Like Mumbai’s

CHHATRAPATI SAMBHAJINAGAR: Local citizen groups are advocating for property tax relief akin to that enjoyed by residents of Mumbai, where exemptions apply for properties up to 700 square feet. Rajendra Datey Patil from the ‘People’s Forum for Social Cause’ has formally requested a property tax waiver for homes up to 1,000 square feet in Chhatrapati Sambhajinagar through a memorandum submitted to the state government. “Although this proposed waiver could affect the municipal corporation’s finances, alternative funding sources can be explored to address the shortfall. We anticipate that the municipal corporation will pass a resolution in favor of this waiver and…

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Noida: Mahagun Mywoods Runs 11 Hours on Genset After Power Cut

Representative image NOIDA: Power to Mahagun Mywoods in Greater Noida West was cut on Monday morning due to the developer’s failure to pay electricity dues amounting to approximately Rs 72 lakh, leaving thousands of residents reliant on diesel generators. The power connection was restored around 8 PM after the outstanding amount was settled. Noida Power Company Limited (NPCL) officials reported that the disconnection happened at 9 AM after multiple notices to the society management went unanswered. The residential complex comprises 31 towers with around 6,100 flats. Of these, 4,800 units in 27 towers are occupied, housing over 15,000 residents. The…

Latest StoriesResidential

DRA Homes Buys 3.91 Acres in Chennai for ₹49.7 Crore

Certainly! Here’s a rewritten version of the provided content: NEW DELHI: DRA Homes has purchased 3.91 acres of land in Karanai, located off the Old Mahabalipuram Road (OMR) in Chennai, for ₹49.70 crore. The company intends to establish a mid-segment residential community on this site, with an anticipated inventory value of approximately ₹500 crore. Ranjeeth Rathod, the managing director, commented, “The acquisition in Karanai is in line with our strategy and will reinforce our development pipeline in Chennai.” Earlier in January 2026, the company secured a ₹250 crore debt platform from Yubi to enhance its land acquisition capabilities in high-growth…

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Ludhiana Trust Lacks New Affordable Housing Plans for 20 Years

LUDHIANA: The Ludhiana Improvement Trust (LIT) is experiencing a significant slowdown in urban development, having not introduced an affordable housing scheme for residents in nearly two decades. Once the leading force behind Ludhiana’s residential projects, the trust has now shifted its attention to small-scale developments under municipal jurisdiction. With the Atal Apartment project, delayed for years, expected to wrap up by December 2026, officials caution that LIT may soon be left with no active projects. This lack of government-supported options is pushing residents toward expensive private developers or illegal colonies. Two Decades of Inaction The glory days of LIT’s planning…

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Noida: La Residentia Residents Renew Maintenance Protest

NOIDA: Residents of La Residentia Society in Greater Noida West continued their protest for a second consecutive day on Sunday, voicing concerns over alleged builder negligence and ongoing maintenance issues. This demonstration follows similar protests earlier this year, with residents asserting that their complaints have gone largely unheeded. With approximately 2,200 of the society’s 3,256 flats occupied, residents are grappling with several issues, including inconsistent water supply, frequent power outages, faulty lifts, and inadequate maintenance of shared areas. Families, including children and elderly residents, gathered outside the builder’s sales office, demanding an immediate meeting with company representatives to address their…

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Jammu & Kashmir meets 97% PMAY-G target, builds 3.23 lakh homes

JAMMU: Jammu and Kashmir has successfully completed over 300,000 houses under the Pradhan Mantri Awas Yojana-Gramin, reaching 97% of its target, as reported by officials on Sunday. Mohammad Aijaz Asad, Secretary of the Rural Development and Panchayati Raj Department, has urged officials to expedite construction for the remaining 11,340 houses under the scheme. In a meeting focused on reviewing the progress of PMAY-G in the Union Territory, he noted that the current phase of the initiative is nearing its conclusion, and all sanctioned projects must be finished without delay before the new phase commences. According to the meeting, 323,299 houses…

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Pune: Co-op Dept Dissolves Lohegaon Society for Denying Access

PUNE: The deputy registrar of cooperative society in Pune has disbanded the 18-member managing committee of a housing society in Lohegaon for failing to provide access to vital documents, such as audit reports and income-expenditure statements, despite multiple reminders and directives from cooperative officials. The housing society features 25 residential towers housing 657 members and nearly 1,500 residents. Deputy registrar NV Aghav issued orders on February 27 and March 4, declaring the 18 committee members ineligible for reappointment for five years starting February 27. A three-member authorized committee, selected from current society members, will oversee daily operations for the next…

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Maharashtra Minister to Discuss First-Floor Slum Rehab with CM, DCMs

MUMBAI: Maharashtra Minister Shambhuraj Desai announced on Thursday that there will be discussions with the Chief Minister and Deputy Chief Ministers regarding the demand to include first-floor slum dwellers for rehabilitation under the Slum Rehabilitation Authority (SRA) schemes in Mumbai. State Assembly members raised concerns about long-term residents residing on the first floors of slum structures, stating that excluding them would hinder the efforts to achieve a slum-free Mumbai. Under current regulations, only ground-floor structures are recognized and numbered for SRA project eligibility, Desai explained during the question hour. “If we are to consider changes, such as recognizing ‘one plus…