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

Kerala’s LSG Minister: No Plans to Dismantle LIFE Mission Housing

KOZHIKODE: K M Shaji, the local self-government minister, stated that the UDF government has not decided to abolish the LIFE Mission housing scheme. Shaji informed reporters in Malappuram that various powers assigned to grama sabhas in panchayats—seen as a true representation of Gandhian gram swaraj—have been curtailed over the last decade. “Restoring these powers does not equate to dismantling the LIFE Mission. We have never suggested such an action,” he clarified. Shaji emphasized that the new government does not intend to dismantle initiatives established by the previous administration. “Government is a continuum. When a new government takes office, it cannot…

Latest StoriesResidential

UDH Alert Raises Concerns Over Jaipur’s Residential Commercialization

JAIPUR: The recent decision by the Urban Development and Housing (UDH) department to permit various commercial activities in residential zones has raised alarms among planners and officials. They caution that this change could alter the character of residential neighborhoods, exacerbate congestion, and overload civic infrastructure. Following a notification issued on May 14, most commercial constructions are now allowed in residential areas, with only a few land uses remaining restricted. Education and health facilities, community centers, industries, and plantations are banned in these zones; however, even these limitations have been relaxed in areas under the Chief Minister’s Jan Awas Yojana and…

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Lucknow to Redevelop Indira Nagar Complex for ₹110 Crore

LUCKNOW: The Lucknow Development Authority (LDA) plans to redevelop the aging Kailashkunj Commercial Complex in Indira Nagar, Ayodhya Road, transforming it into a modern mixed-use high-rise with commercial and residential spaces at an estimated cost of ₹110 crore. Spanning 6,046 square meters, the complex currently accommodates around 280 shops but is in a state of disrepair, with many units vacant and encroachments affecting common areas and parking. Officials stated that the existing structure will be demolished to make way for a 13-storey building, standing 45 meters tall. The ground and lower floors will feature retail shops and office spaces, while…

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Hyderabad’s Western Corridor Could See Rise in Property Registrations

HYDERABAD: If the Telangana government accepts new recommendations from the revenue department, property registration rates in the upscale western corridor could see an increase of nearly four times. Sources indicated to the TOI that the revenue department has suggested revised registration values ranging from Rs 50 crore to Rs 55 crore per acre for regions like Raidurg and Gachibowli, in contrast to the current rates of Rs 11.32 crore to Rs 13.85 crore per acre. The state government is yet to finalize whether to implement these recommendations fully or limit the increase to around 100%. Even a 100% hike would…

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Bengaluru Renters Disappointed as Promises Fall Short

BENGALURU: Numerous property owners who entered agreements with an asset management company have reported delays in receiving their rental income. Some owners claim they haven’t received payments for five to eight months. The number of such cases appears to be growing, raising concerns about disputes over leasing agreements. “I signed a lease with Jones Asset Management to rent out my 3 BHK flat last year. Initially, everything was fine, but later they began to delay rent payments by one or two months,” stated L Kumar, one of the property owners. Another property owner, Sriram P, expressed concern after not receiving…

Latest StoriesResidential

Azim Premji’s Son Purchases ₹45.7 Crore Home in Bengaluru

Sure! Here’s a rewritten version of the content: BENGALURU: Tariq Premji, son of renowned philanthropist and Wipro founder Azim Premji, has purchased a luxury duplex penthouse in central Bengaluru for ₹45.7 crore, as per property registration documents from Zapkey. The apartment is situated in “27 Summit,” an ultra-luxurious residential tower in Sampangiramnagar, close to the city’s CBD. Developed by Maia Estates-backed Nestled Haven Developers, the transaction was recorded in February of this year. The duplex, known as Penthouse B, occupies the 25th and 26th floors of the tower, covering a carpet area of 7,065 square feet and a super built-up…

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Seven Pune colonies slated for redevelopment, residents notified to vacate

PUNE: The civic authorities have initiated plans to redevelop municipal colonies that have deteriorated over the decades. Notices have been issued to residents of seven housing complexes across civic areas, requesting them to vacate their homes for the rebuilding process. Officials from the Pune Municipal Corporation (PMC) reported that approximately 1,900 flats are in unsafe conditions, emphasizing that residents must relocate. Priority will be given to 288 houses during the redevelopment initiative. Plans are currently in discussion, with the project potentially being executed by PMC itself or through a build, operate, and transfer model, possibly involving a private developer. Residents…

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MHADA Begins Allotment of 827 Rehab Units in Worli BDD Chawl

NEW DELHI: The Maharashtra Housing and Area Development Authority (MHADA) has initiated the allocation process for 827 rehabilitation tenements within the Worli BDD Chawl redevelopment project. This allocation is targeted at eligible residents in wings F, G, and H of rehabilitation building one. On the first day, allotment letters were issued to 41 eligible residents, with 36 individuals receiving keys to their units after submitting the necessary documentation. The allotment and possession letters are being distributed at MHADA’s project office located in Sumer Kendra, Worli, on weekdays from 11 am to 6 pm, excluding public holidays. The Worli BDD Chawl…

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E-Khata, Kaveri 2 Disrupt Property Deals in Belagavi

BELAGAVI: Belagavi MP Jagadish Shettar has urged state revenue minister Krishna Byre Gowda to take immediate action on the severe disruptions in property transactions caused by recent updates to the e-Khata and Kaveri 2 systems, stressing the potential for significant economic and administrative consequences. In his detailed appeal, Shettar pointed out how the real estate and construction sector—critical for employment and state revenue through various taxes—has suffered considerably, estimating a revenue loss of around Rs 5,000 crore for the 2025–26 fiscal year. A significant issue revolves around properties under perpetual leases in key areas such as Tilakwadi, Nehrunagar, Mujawar Galli,…

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Jaipur: Ramganj Residents Frustrated by Unsafe Building Delays

JAIPUR: A five-storey building in Jagannath Shah Ka Rasta, Ramganj area, poses more than just a safety risk for local residents. What began as a precautionary evacuation due to cracks in the pillars has escalated into a daily challenge for families in the vicinity. On Monday, frustrations reached a boiling point as residents protested at the Kishanpol Zone office, seeking urgent action. The building was evacuated after its pillars showed signs of damage, leading the Jaipur Municipal Corporation (JMC) to barricade the area and evacuate nearby homes as a precaution. However, after eight days, residents remain in limbo with no…