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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Chandigarh to Auction 10 Residential Sites Starting June 2

Representative AI image CHANDIGARH: The Chandigarh administration is preparing to auction 10 residential sites starting Tuesday. The available plots range from 100 to 502 square yards and will be offered via e-auction later this month. Bidders are invited to submit applications and their earnest money deposit (EMD) from June 2 to June 23. The reserve prices for the plots span from Rs 3.3 crore to Rs 16.5 crore, contingent on plot size. An additional 5% fee will be incurred for corner lots. Applications will be scrutinized and documents approved from June 24 to June 26. The e-auction will occur from…

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Delhi: Apex Residents’ Body Calls for Fire Safety SOP Roundtable

NEW DELHI: The umbrella organization representing resident welfare associations in Delhi called on the Delhi government on Monday to organize a roundtable meeting with civic bodies, power distribution companies, police, and RWAs to devise a standard operating procedure (SOP) for fire safety in residential buildings. Atul Goyal, president of the United Residents Joint Action (URJA), highlighted the tragic fire incident in East Delhi’s Vivek Vihar that claimed nine lives on May 3, stating it revealed that “neither government agencies nor individual residents have learned from previous disasters.” Goyal pointed out several issues, such as the lack of a fire safety…

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Odisha Housing Board Launches Four New Affordable Projects

Representative Image BHUBANESWAR: The Odisha State Housing Board (OSHB) has unveiled plans for four significant projects for the financial year 2026-27, aimed at producing approximately 6,877 inclusive residential units. During a review meeting led by housing and urban development secretary Usha Padhee, the four proposed initiatives were detailed: the Suango Public-Private Partnership (PPP) project on 12.9 acres near AIIMS-Bhubaneswar, Ranasinghpur EPC housing, Patrapada housing, and the Basanti Colony joint venture residential apartment project. The Suango project will establish 2,867 dwelling units, among which 1,034 will be affordable housing. This initiative is expected to generate at least Rs 210 crore in…

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Ghaziabad Body to Review Recurring Fires in Societies

GHAZIABAD: Following two major fires in Indirapuram within a month, the district administration has requested reports from the Ghaziabad Development Authority, the discom, and the fire department. A review meeting is scheduled for June 2, officials announced on Friday. The recent fire incidents in Ghaziabad’s Indirapuram—specifically in Gaur Green Avenue and Gaur Biz Business Park—have intensified worries regarding fire safety and emergency response in high-rise residential and commercial buildings. On April 29, a fire erupted in a flat in Tower D of Gaur Green Avenue, affecting five floors and damaging at least 13 apartments. Residents were evacuated safely, and while…

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Coastal Realty Faces 3BHK Apartment Shortage

MANGALURU: Real estate professionals along the coast are raising concerns about a growing disparity between the expectations of homebuyers and the offerings from developers. The most significant shortfall is evident in the demand for 3BHK apartments priced at Rs 1 crore or below, although certain segments of 2BHK and premium properties are witnessing an oversupply. DB Mehta, president-elect of CREDAI Karnataka, noted that buyers have shifted their preferences towards larger homes post-pandemic. However, new developments have not aligned with these preferences. “The most pronounced mismatch exists in the sub-Rs 1 crore 3BHK segment, where demand remains robust, but the inventory…

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Godrej Properties Secures 23.2 Acres in Greater Noida Auction

Representative AI image NEW DELHI: Godrej Properties (GPL) has successfully acquired a 23.2-acre (93,905 sq meters) residential land parcel in Greater Noida’s DMIC integrated township through an e-auction overseen by DMIC Integrated Industrial Township Greater Noida. The company intends to develop a residential housing project on the land, projected to generate revenue exceeding ₹7,000 crore. Recently, GPL partnered with Tata Projects for core and shell construction work across three upcoming projects located along Golf Course Road in Gurugram. The total contract value is around ₹1,100 crore. Published on Jun 1, 2026, at 08:12 AM IST Join a community of 2M+…

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Mumbai property registrations up 7% to 12,315 in May 2026

NEW DELHI: The Brihanmumbai Municipal Corporation (BMC) reported that Mumbai saw 12,315 property registrations in May 2026, marking a 7% increase compared to the previous year, according to Knight Frank India. This figure represents the highest number of registrations for May in the last 14 years, exceeding the peak recorded in May 2025. The state government earned ₹1,051 crore from stamp duty during this month, reflecting a 1% year-on-year decline. Knight Frank indicated that this slight reduction in revenue, despite the rise in registrations, was due to changes in the mix of transactions. However, registrations saw a 14% decrease from…

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Madhya Pradesh: Fly Ash Bricks Cost Homebuyers More

Representative AI image INDORE: The cost of building a house in the state may rise as fly ash brick manufacturers announce a price increase. This change could have a wider impact, making government infrastructure projects and commercial developments in Madhya Pradesh more expensive starting June. During a meeting on Thursday, the Fly Ash Brick Manufacturers Cooperative Society agreed to raise the price from approximately Rs 6,000 to Rs 6,500-7,000 per 1,000 bricks, excluding GST. Industry estimates indicate that for constructing an average 1,000 sq ft flat, about 8,000-10,000 fly ash bricks are needed. The new rates could result in an…

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20+ Maharashtra housing societies finish online registrations in 2 months

Sure! Here’s a rewritten version of the content: — PUNE: Following the launch of a fully online cooperative society registration system by Maharashtra’s cooperation department two months ago, 23 housing societies in the state have successfully completed the approval process via the Aaple Sarkar portal. This marks a significant transition from the cumbersome paperwork-intensive method that required multiple visits to deputy registrar offices. As of Friday, officials from the state cooperation department informed TOI that the portal has processed 304 applications for society name reservations—the initial step in the registration process. Out of these, 113 applications received approval, while 34…

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Pune Fire Brigade Targets Housing Societies for Safety Issues

PUNE: A recent fire incident in a Pune housing society has triggered a heightened response from the fire brigade, revealing a troubling pattern of negligence in residential complexes across Maharashtra. Following a fire in an electricity meter box on May 18, the Pune Fire Brigade issued an official notice due to several safety violations. The blaze, reportedly ignited by a short circuit, was swiftly extinguished. However, an inspection afterwards uncovered alarming safety non-compliance. The city’s chief fire officer noted that the meter room was obstructed, hindering emergency access. Additionally, the society was found lacking essential firefighting tools, including extinguishers and…