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

Noida: Mahagun Moderne Residents Object to Maintenance Fee Hike

NOIDA: Residents of Mahagun Moderne Society in Sector 7 and 8 protested on Sunday against the increase in Common Area Maintenance (CAM) fees imposed by the AOA. The hike, from Rs 1.99 to Rs 2.55 per square foot, was enacted without a mandatory General Body Meeting (GBM), stirring discontent among nearly 2,600 families in the community. Residents also raised concerns about blocked fire exits near a tower, unauthorized shops, and alleged malpractices by the AOA, indicating a lack of democratic elections. The increase in CAM charges has been criticized, especially in light of a staffing reduction from around 100 to…

Latest StoriesResidential

New Noida Airport Impact: Rising Land Prices in Bulandshahr

NOIDA: Just a short distance of 52 km from Noida International Airport and 30 km from the proposed New Noida, Bulandshahr is set for a transformation it never anticipated. Landowners in the district are poised to benefit significantly as it is expected to be integrated into a sprawling industrial network that extends beyond Noida and Greater Noida. The key factor is the anticipated Dadri-Noida-Ghaziabad Investment Region, also known as New Noida, which encompasses 84 villages. Officially notified in October 2024, the project affects 63 villages in Bulandshahr and is strategically located just 30 km from both Noida and Ghaziabad, and…

Latest StoriesResidential

Helmets on in Golf View II, Noida: A Safety Trend

Representative AI image NOIDA: Helmets are no longer just for the road. In Golf View II, Sector 78, residents have started wearing helmets while walking, cycling, and even playing in their housing society, following incidents of falling plaster and concrete. This trend comes just days after a 46-year-old biker was killed in Greater Noida West when concrete fell from a high-rise and struck him. On Saturday, children rode their bicycles with helmets on, while residents took evening walks, prioritizing safety. Some even opted for basement paths over outdoor routes. The immediate catalyst was an incident two days prior, where a…

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Kolkata: NKDA Launches Door-to-Door Tax and Licence Survey

KOLKATA: The NKDA has initiated a door-to-door survey to verify the self-assessment of property tax and trade licenses for both residential and commercial properties in New Town. This survey aims to cross-check entries against NKDA records regarding tax payments and the issuance or renewal of trade licenses. On Thursday, NKDA issued a notice requesting land and building owners to provide required information and allow representatives from a chartered accountancy firm to conduct the physical verification. An NKDA official stated, “Our goal is to update our records for better assessment and valuation of property tax. Some residents have been found to…

Latest StoriesResidential

Hyderabad: Medipally HMDA Owners Protest Prohibitory List

HYDERABAD: Plot owners who bought land in a Hyderabad Metropolitan Development Authority (HMDA) layout in Medipally, Medchal-Malkajgiri, are voicing their concerns over their plots being added to a prohibitory list and the authority’s failure to provide promised amenities after three years. As these plot owners express their worries, HMDA is preparing to auction more plots in the same area on June 24. Major issues reported include the inclusion of survey number 62 in the prohibitory list, ongoing legal disputes with land assignees, encroachments affecting the area (including religious structures), and the absence of a proper access road. These concerns remain…

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5.40 Lakh Homes Set for 2026 Delivery in Top 7 Cities: Anarock

NEW DELHI: An estimated 540,000 housing units are projected for completion in the top seven cities by 2026, which is the highest figure in a decade, according to Anarock Research. The report indicates that the ongoing conflict in the Middle East may impact delivery timelines due to disruptions in global trade routes, commodity markets, and supply chains. This year, the Mumbai Metropolitan Region (MMR) and Pune will contribute to 57% of the scheduled housing completions, with MMR expected to deliver around 207,000 units and Pune approximately 100,000 units. In the southern markets, Bengaluru is set to complete around 69,000 units,…

Latest StoriesResidential

Kriti Sanon, family sell Mumbai apartments for ₹8.9 crore

NEW DELHI: Kriti Sanon, along with her sister Nupur Sanon and mother Geeta Sanon, has sold four residential properties at Raheja Classique, Andheri West, Mumbai for ₹8.9 crore. Two apartments were sold for ₹3.23 crore each, featuring a built-up area of 60.78 sq meters (654.23 sq ft) and a carpet area of 50.63 sq meters (545 sq ft), with one car parking space per unit. Each transaction incurred a stamp duty of ₹19.41 lakh and registration charges of ₹30,000, according to property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. Additionally, two other units…

Latest StoriesResidential

Delhi Govt Considers Mandatory Fire Safety for Low-Rise Homes

NEW DELHI: The Delhi government is considering new bylaws to require fire safety measures, including smoke detectors and fire extinguishers, for low-rise residential buildings, officials announced on Thursday. This initiative follows recent fire incidents in Malviya Nagar, Vivek Vihar, and Palam that resulted in multiple fatalities. The government is looking into mandates for fire safety in residential structures under 15 metres tall, as current regulations do not necessitate fire safety certificates for such buildings, as stated by officials. Currently, fire safety measures like hydrants and smoke detectors are mainly required in high-rise buildings that need fire no objection certificates (NOCs).…

Latest StoriesResidential

Delhi’s NDMC Residents to Get Uniform Property Tax Soon

NEW DELHI: Residents within the New Delhi Municipal Council (NDMC) area will soon be subject to a unified property tax system, as the civic body has completed the necessary bye-laws and technical preparations for a new assessment method, officials announced on Thursday. Officials indicated that the NDMC has modernized its online property tax platform and conducted tests with the National Informatics Centre, setting the stage for the implementation of changes to the outdated rateable value-based assessment approach. A Municipal Valuation Committee is set to be established shortly, after which it is anticipated that the revised framework will come into effect…

Latest StoriesResidential

Govt Tells CIC: No PMAY-Gramin Denial for Temp Work Migration

NEW DELHI: The Ministry of Rural Development has clarified that eligible migrant laborers cannot be refused pucca houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) simply because they are temporarily living outside their native villages for work. This information was provided to the Central Information Commission (CIC) during an RTI hearing. The clarification arose from an RTI request regarding whether rural families migrating temporarily for employment could be excluded from PMAY-G and other rural welfare schemes. According to a recent CIC ruling, the ministry stated, “there is no specific order/circular/rule from the Ministry of Rural Development that a family shall…