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.

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Bengaluru: Bescom Extends OC Relief for Pre-May 31 Buildings

BENGALURU: After days of speculation, Bescom has provided significant relief to homeowners regarding occupancy certificate (OC) requirements. The power utility has announced that residential properties up to 2,400 sqft within the Greater Bengaluru Authority will no longer need an OC to secure a permanent electricity connection, regardless of whether they applied before May 31, 2026. This decision expands the state government’s recent easing of OC regulations and resolves confusion caused by earlier stipulations that seemed to limit this benefit to applications submitted before May 31. The confusion stemmed from the Karnataka government’s announcement, following Chief Minister DK Shivakumar’s directive, which…

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Govt Offers One-Time Relief on OCs for Bengaluru Homeowners

BENGALURU: The Karnataka government has issued a directive exempting residential buildings up to Ground plus three floors or stilt parking plus four floors, built on plots of up to 2,400 sq. ft, from obtaining occupancy certificates for electricity connections within GBA limits. The order, dated June 5, follows the decision made at the first cabinet meeting chaired by Chief Minister D K Shivakumar on June 3. This one-time exemption applies to buildings, allowing for a 20 percent variation, as long as they were completed and applied for electricity connections by May 31, 2026, according to the order. To confirm completion…

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Karnataka Gives Homes to 427 Families in Madikeri

MADIKERI: The Karnataka state government is committed to uplifting the underprivileged by providing essential facilities for a dignified life, stated Virajpet MLA A.S. Ponnanna. During an event where he distributed documents to beneficiaries of the Basava and Ambedkar Housing Scheme across 18 gram panchayats in Madikeri taluk, Ponnanna noted that the previous housing minister, Zameer Ahmed, initiated housing provisions under these schemes. Thanks to the cooperation of former Chief Minister Siddaramaiah and current Chief Minister D.K. Shivakumar, the district has received necessary funding for house construction. According to the executive officer of the Madikeri Taluk Panchayat, Shekhar, the government has…

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Greater Noida orders audit of Arihant Amber after biker’s death

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has announced a structural audit of the Arihant Amber building in Noida Extension following the tragic death of a 46-year-old resident, who was killed when a concrete fragment fell from an overhead beam while he was riding his bike. “The Authority will perform a structural audit of the building and act according to the findings,” stated Saumya Srivastava, additional CEO at GNIDA. The victim, Vikas Chawla, resided in Tower D (flat 1507) with his family. The accident occurred around 4 PM on Saturday as he exited the parking area. AOA president Tushar…

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Noida Highrises: Safety Gaps Exposed Post-Handover Fires

NOIDA: The recent fire incident at Ivy County has alarmed residents far beyond the Noida condominium. For many in the NCR’s expanding high-rise communities, the event highlights a troubling reality: despite the increasing height of residential towers, the safety systems intended to protect them have struggled to keep up. Residents, community organizations, and safety experts express that this latest fire has revealed ongoing issues—ranging from insufficient fire norm enforcement to firefighting equipment that is often inadequate for the upper floors of the tallest structures in the area. This incident has reignited calls for enhanced oversight, consistent audits, and investments in…

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OC Exemption for Power Connection Extended to 2,400 Sq Ft Buildings

BENGALURU: Just days after Chief Minister DK Shivakumar unveiled plans to ease occupancy certificate (OC) norms for electricity connections, the government has broadened these exemptions to include a wider range of residential buildings within GBA limits. According to the new directive, residential buildings on plots of up to 2,400 sqft, with an additional allowance of up to 20%, will not require an OC from municipal corporations or town planning authorities to obtain electricity connections. The exemption applies to residential structures up to four stories high, including ground+3 or stilt parking plus four floors within GBA jurisdiction. This initiative aims to…

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Villages Safe as Rural Registrations Rise in Telangana

Representational Image HYDERABAD: The Telangana government has significantly revised land rates near Hyderabad’s Outer Ring Road, with some increases reaching 100%. However, many rural areas have been exempt from steep rises in property registration charges. The new rates took effect statewide starting Friday. The minimum rate has surged from ₹1.75 lakh per acre to ₹2.75 lakh, signaling a major change in land valuation. In contrast to urban adjustments, the increases for residential flats and open plots in rural towns and district headquarters were kept moderate, ranging from 10% to 20% of existing rates. Officials organized the assessment for rural, urban,…

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Karnataka Sees Rise in Women’s Home and Land Ownership

Representative AI image BENGALURU: The percentage of women owning houses and land in Karnataka has nearly doubled over the past five years, indicating a shift in family decision-making and attitudes towards wealth and security. This trend follows a rise in women’s investments in property, either independently or collectively. According to the National Family Health Survey-6 (NFHS) conducted in 2023-24, approximately 29.5% of households in Karnataka have at least one female member who owns a house and/or land, either independently or jointly. This marks a significant increase from 16.2% in the previous NFHS-5 (2019–21). Notably, female/joint ownership in rural areas stands…

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MHADA Begins Handover of 537 Flats in Naigaon BDD Project

NEW DELHI: The Maharashtra Housing and Area Development Authority (MHADA) has initiated the allotment and possession process for 537 rehabilitation flats within the Naigaon BDD Chawl redevelopment project in Mumbai. The flats are situated in towers 1, 2, and 3 of rehabilitation building number one. The allotment process is being executed at MHADA’s project office on the ground floor of tower five at Naigaon-Dadar. On the first day, MHADA’s Mumbai Housing and Area Development Board issued allotment letters to 15 eligible residents, and possession of the flats was granted to all 15 beneficiaries after completing the necessary documentation. Rehabilitation building…

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Lucknow to Launch Three Residential Schemes in June

LUCKNOW: The Lucknow Development Authority (LDA) is poised to unveil three significant residential projects this month. These initiatives include Naimish Nagar in Bakshi Ka Talab, Varun Vihar on Mohan Road near the Agra Expressway, and Wellness City on Sultanpur Road. They are designed to address the increasing housing needs and support the planned urban development in the state capital. LDA officials report that final preparations for registration, lottery, and allotment are currently underway. Designated officials are overseeing the process, and detailed plans for launching the schemes are being finalized. Once completed, the three projects are expected to offer housing solutions…