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

Ownership Verification Required Before Property Registration in UP

LUCKNOW: On Tuesday, the Cabinet made a significant decision regarding property sales registration, mandating the stamp and registration department to verify property ownership details prior to registration. Ravindra Jaiswal, the Minister of State (Independent) for Stamp and Registration, stated that new rules will soon be established to require verification of ‘khatauni’ (land records) and ownership documents before registration, aiming to eliminate fraudulent or contested land registrations. “We have encountered multiple instances where properties are sold by individuals who are not the legitimate owners, including prohibited or restricted properties, properties sold beyond legal ownership rights, and even those owned by the…

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Uttar Pradesh Cabinet Greenlights Affordable Housing Policy

LUCKNOW: On Tuesday, the state cabinet approved a new policy to implement affordable housing initiatives under the Pradhan Mantri Awas Yojana-Urban 2.0, including affordable housing in partnership (AHP) and affordable rental housing (ARH) components. The initiative aims to provide accessible housing for middle-income and economically weaker sections of society. Beneficiaries will receive financial aid of Rs 1.5 lakh from the Centre and Rs 1 lakh from the state government. Additionally, developers of approved projects will benefit from exemptions on land-use change charges, map approval fees, and external development fees. Beneficiaries will also enjoy reduced stamp duty rates. Under the ARH…

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Mumbai: Flats for Goregaon-Mulund Project PAPs by March End

Representative image MUMBAI: The construction of buildings for the rehabilitation of 252 project-affected persons in the Goregaon-Mulund Link Road (GMLR) project is nearing completion, with expectations to finish by the end of March, officials reported. The PAPs will be provided with compact 300-square-foot apartments featuring modern amenities at Kanjurmarg West. The civic body is currently constructing 906 apartments across seven buildings, covering approximately 10,050 square meters. Of these, two buildings are in the final stages of construction. The remaining apartments are expected to be completed on schedule for immediate handover to the project-affected persons. BMC Additional Commissioner Abhijit Bangar has…

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Lucknow: 549 Plots Assigned in LDA’s IT City Scheme

Representative AI image LUCKNOW: The Lucknow Development Authority (LDA) organized a lottery draw for the distribution of developed residential plots to farmers and landowners who contributed their land under the land pooling policy for the IT City project. The draw took place on Monday at the Mars auditorium in Indira Gandhi Pratishthan, where applicants were invited to participate, and it was also streamed live on YouTube. LDA vice-chairman Prathamesh Kumar announced that the scheme is being developed on approximately 3,490 acres along Sultanpur road. Only landowners who signed agreements with the LDA by January 31 were included in the lottery.…

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Goa: 6 Months Jail, ₹10K Fine for Missing Tenant Records

Representative AI image PANAJI: The Goa government has approved the Goa (Verification of Tenants) Rules, 2026, initiating tenant verification within the state. Under these regulations, property owners are required to verify their tenants’ identities by collecting and examining relevant documents. Failure to comply may lead to imprisonment for up to six months and a fine of up to Rs 10,000. Similarly, the Goa police are tasked with maintaining records of inspections conducted during tenant verifications. The Goa (Verification of Tenants) Act, 2024, which came into effect in December 2024, aims to regulate the occupancy of individuals in residential properties not…

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Jaipur: 2,000 Sanganer Residents March to Save Homes

File Photo JAIPUR: Residents Protest Over Housing Uncertainty Nearly 2,000 residents from 87 colonies in the Sanganer area gathered for a protest march on Sunday, voicing their concerns regarding the future of their homes. This demonstration temporarily disrupted traffic on Tonk Road for approximately four hours. Many of these families have lived in the colonies for years, having purchased plots through registered cooperative societies and constructed homes with bank loans. Essential services, including water supply, electricity, roads, and sewer lines, have been established in the area over time. However, the situation has changed as the land was later included in…

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Homebuyers in Bengaluru Face Legal Woes Over Illegal Mortgage

BENGALURU: The illegal or undisclosed mortgaging of land related to apartment projects is raising alarms in the city, putting homebuyers at risk of enduring legal battles and financial instability. One notable case on Anekal-Chandapura Road sees residents of a 384-flat complex struggling for ownership rights after the developer allegedly mortgaged the land and several units without informing the buyers. According to an advocate actively engaged in the matter, “Under property regulations, when apartments are sold, the land and common areas should be handed over to a cooperative society or an association of apartment owners. However, governance shortcomings and delays in…

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Sort waste at home for 10% property tax rebate: Ghaziabad

GHAZIABAD: Responding to protests regarding property tax after a recent ruling from the Allahabad High Court, the Ghaziabad Municipal Corporation (GMC) has introduced a series of rebates to alleviate the burden on its residents. During a board meeting on Saturday, GMC members approved a 10% property tax rebate for housing societies, institutions, and residents who segregate their waste at the source. This decision aligns with the implementation of the Solid Waste Management Rules, 2026, effective from April 1. Municipal commissioner Vikramaditya Malik Singh stated that the civic body currently offers a 20% rebate for timely tax payments. Furthermore, additional rebates…

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Hyderabad Builders Tempt Buyers with Harleys, EVs, and Gold

Representative AI image HYDERABAD: In response to slow sales, various developers in Hyderabad are offering luxurious gifts to entice potential homebuyers. Options include premium motorcycles, 24-carat gold coins, electric vehicles, and complimentary interior upgrades. For example, one prominent developer is providing a Harley Davidson worth ₹3 lakh with bookings in selective high-demand areas such as Kokapet, Kukatpally, Uppal, Patancheru, and Rajendranagar. Another developer plans to offer electric vehicles valued at ₹8 lakh to clients of an upcoming residential project located between Uppal and Ramanthapur. Gold has also emerged as a favored incentive, despite its rising prices. A builder from Miyapur…

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Park View Apartments by Lucknow Development Body: 364 Flats

Representative AI image LUCKNOW: The Lucknow Development Authority is set to construct the Park View apartments in the Basant Kunj scheme, located near Rashtra Prerna Sthal, comprising 364 premium flats. This complex will be in proximity to densely populated areas of old Lucknow and will connect to the Green Corridor, IIM Road, Dubagga Road, and Chowk. Registration for the flats will be open from March 7 to April 6, with applications accepted solely through the LDA website. Allotment will follow a lottery system, and officials stated that the project received approval following positive feedback from an online demand survey. The…