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

Wayanad Landslide Survivors Move to New Homes in Model Township

File Photo WAYANAD: The Kerala government provided a new beginning for 178 families affected by the Mundakkai-Chooralmala landslide by handing over new homes on Sunday. Chief Minister Pinarayi Vijayan inaugurated the initial phase of the Wayanad Model Township at Elton Estate, marking the end of a long displacement for families who had resided in temporary and rented accommodations. Vijayan presented the township, equipped with essential amenities, to the beneficiaries, highlighting it as a “testament to Kerala’s commitment to building back better”. During this first phase, homes were allocated to families whose residences were entirely destroyed in the July 30, 2024…

Latest StoriesResidential

Mumbai: BMC Seeks Property Tax Relief for 700 sq ft Homes

MUMBAI: Last Friday, the civic House passed a notice of motion (NoM) proposing to raise the property tax exemption limit for residential units from 500 sqft to 700 sqft. BMC officials emphasized that an NoM is not binding on the administration; the proposal will be reviewed by civic administration. It could be approved, altered, referred to committees, or simply acknowledged. Currently, approximately 3.6 lakh properties in Mumbai are exempt from property tax due to their carpet area being under 500 sqft. This policy was initiated in 2022 by BMC following a directive from the state government. Property tax serves as…

Latest StoriesResidential

Kerala CM to Hand Over Keys to 178 Houses on March 1

KOCHI: Chief Minister Pinarayi Vijayan will inaugurate the model township project aimed at rehabilitating survivors of the Mundakkai-Chooralmala landslides in Wayanad on Sunday. In the first phase, 178 families who completely lost their homes in the disaster will receive new houses. They will start moving into these homes near Kalpetta once the Chief Minister hands over the keys. The single-storey houses, covering an area of 1,000 sq. ft., have been designed with foundations that allow for a potential second floor in the future. Each house features a master bedroom, two additional rooms, a sit-out area, a living room, a study,…

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Prayagraj: New Fixed Fee System Eases Property Mutation Costs

PRAYAGRAJ: The Prayagraj Municipal Corporation has introduced a fixed-fee system for property mutation, providing significant relief to property owners by replacing the previous percentage-based charges. The new fee structure came into effect following its publication in the official gazette on Friday. Under this revised system, property owners will pay a consistent fee rather than 0.5% of the property’s total value. For properties valued at over Rs 50 lakh, the mutation fee is capped at Rs 10,000, significantly alleviating the financial burden on buyers. Municipal officials stated that this proposal was approved by the municipal corporation approximately seven months ago. The…

Latest StoriesResidential

Record Prices for Kukatpally Housing Board Plots and Flats

HYDERABAD: The auction conducted by the Telangana Housing Board for open plots in Kukatpally Housing Board (KPHB) on Friday witnessed an astonishing sale of land, with a square yard fetching a record price of ₹2.65 lakhs, surmounting the set upset price of ₹1.30 lakhs per square yard. A total of four open plots in Phases I and II of Dharma Reddy Colony, along with eight flats in Sampoornam Apartment, Phase-15 of KPHB, were auctioned. While the highest price per square yard reached ₹2.65 lakhs, another plot sold for ₹2.41 lakhs per square yard. In a similar vein, a flat in…

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AP CM vows housing for all poor by 2029

AMARAVATI: Andhra Pradesh Chief Minister N. Chandrababu Naidu announced on Friday that his government is committed to providing housing for all the poor by 2029. He plans to allocate housing plots for those without land. In his address to the Assembly, Naidu urged eligible beneficiaries who have yet to receive a house to apply. He assured that both the central and state governments would shoulder the responsibility of housing for all. “We are dedicated to constructing homes for all the poor by 2029 and providing housing plots to those who lack land,” Naidu stated, emphasizing the government’s goal to house…

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Shraddha Kapoor Renews Juhu Apartment Lease for ₹6 Lakh/Month

MUMBAI: According to property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website, Shraddha Kapoor has renewed her apartment lease in Mumbai’s Juhu area for a starting monthly rent of ₹6 lakh. The lease renewal, registered in February 2026, pertains to a unit in Prime Beach, Juhu, covering approximately 365 sq metres (around 3,929 sq ft), which includes four car parking spaces. The lease term is set for 12 months, totaling a rental value of ₹72 lakh for the duration. The transaction involved a stamp duty payment of ₹36,000 and registration charges of ₹1,000. Previously,…

Latest StoriesResidential

Soaring Land Prices Drive Visakhapatnam’s Vertical Housing Boom

Representative AI image VISAKHAPATNAM: The surge in land prices and a limited supply of well-located plots have prompted a transformation in the city’s residential landscape. Developers are increasingly favoring high-rise constructions—ranging from 40 to 50 stories—over low-rise structures of 5 to 15 floors. As new investments flood into Vizag, land costs in prime areas have soared to a point where low-rise developments are typically no longer feasible. Vertical housing offers buyers lower per-square-foot prices (₹1,000–₹1,500 less) and superior amenities compared to standalone buildings. High-rise development enhances land-use efficiency, ensuring projects remain economically viable. Developers cite the necessity of distributing high…

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Chandigarh Housing Board Allottees Can Now Make Changes

CHANDIGARH: A significant relief has been granted to Chandigarh Housing Board (CHB) allottees, as UT Administrator Gulab Chand Kataria approved various need-based modifications on Thursday. The approved relaxations pertain to construction norms for lifts, additional doors, internal alterations, façade painting, front and rear courtyards, water tank capacities, and temporary shelters. More than 450,000 residents in CHB-allotted houses stand to benefit from these relaxations. Kataria endorsed the committee’s recommendations set up to review the Need-Based Changes order dated January 3, 2023. A high-level committee formed by the UT administration, chaired by the secretary of estates, conducted an extensive review of the…

Latest StoriesResidential

Sales growth in residential sector to dip to 5-7% in FY27

NEW DELHI: The residential real estate market in India is set to experience a slowdown in growth in FY27, following a strong rebound post-pandemic. Sales are projected to increase by 5-7% year-on-year, predominantly driven by value growth in the premium and mid-market segments, as per a whitepaper released by India Ratings & Research (Ind-Ra) in collaboration with ETRealty at ETRECA 2026 on February 25 in Mumbai. After a significant expansion during FY23-FY25 and a steadier FY26, the sector is entering a consolidation phase, with high price levels and a strong base effect anticipated to dampen growth rates. Ind-Ra predicts total…