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

Homebuyers Challenge Lavasa Corp’s Insolvency at NCLT

MUMBAI: Homebuyers in Lavasa, a hill town developed by Lavasa Corp, have submitted a new appeal requesting intervention from the appellate tribunal. They have cited significant issues within the resolution plan. In their appeal, the homebuyers have raised concerns about discriminatory treatment, arbitrary financial burdens, a lack of transparency in the insolvency process, and possible changes to key elements of the approved plan by the Welspun Group-Ashdan Properties consortium. In a detailed 99-page appeal, they requested a stay on the NCLT’s order regarding their case and urged the appellate tribunal to instruct the NCLT to review pending applications from homebuyers…

Latest StoriesResidential

Dharavi Residents to Receive 500-754 sq ft Rehab Flats

MUMBAI: Residents of chawls and buildings included in the Dharavi Redevelopment Project will receive rehabilitation flats ranging from a minimum of 500 sq ft to a maximum of 754 sq ft, free of charge. This initiative will benefit approximately 8,700 households within the Dharavi Notified Area, encompassing both chawls and housing societies. This decision follows directives issued by CM Devendra Fadnavis during a meeting last May, where he instructed the DRP to propose a minimum carpet area of 500 sq ft to the government for approval, accompanied by justifications. Consequently, the DRP submitted a proposal for a minimum carpet area…

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Delhi MCD to Survey Residential Properties for Commercial Use

NEW DELHI: The Municipal Corporation of Delhi has instructed its zonal deputy commissioners to conduct a thorough and time-sensitive survey to identify residential properties being improperly used for commercial or other non-residential activities across the national capital. This order, issued on April 20, comes in response to directives from the Supreme Court of India, which mandated municipal bodies in capital cities to perform a detailed inquiry and document verified findings. The official directive specifies that the survey will encompass all residential areas, including unauthorized and regularized zones, group housing societies, plotted developments, and any “islands” or pockets that fall within…

Latest StoriesResidential

Regularisation of Delhi’s unauthorised colonies starts April 24

NEW DELHI: Residents of over 1,500 unauthorized colonies in the city can now apply online for property registration via the MCD’s SWAGAM portal, starting Friday, officials reported. Earlier this month, the Centre introduced a new policy for regularizing unauthorized colonies in Delhi on an “as is where is” basis. According to the guidelines, applicants must log into the SWAGAM portal of the Municipal Corporation of Delhi (MCD) for registration in the identified 1,521 unauthorized colonies. The regularization will include property owners possessing conveyance deeds (properties on government land) or authorization slips (for properties on private land) previously issued by the…

Latest StoriesResidential

Pay by May 31 for Property Tax Rebate, Chandigarh Urges Residents

To maximize revenue during the initial two months of the current fiscal year, Chandigarh Municipal Commissioner Amit Kumar urged citizens to pay their property taxes within the designated timeline to benefit from available rebates. Residential property owners will enjoy a 20% discount, while commercial property owners will receive a 10% rebate. This offer is valid until May 31. After that date, late payments will incur penalties and interest. The tax revenue is a crucial source for the municipal corporation, aimed at funding essential civic services like sanitation, road maintenance, water supply, and urban development throughout the city. Citizens are also…

Latest StoriesResidential

NCR Wage Hike Could Increase Living Costs in Gated Societies

Worker unrest in the National Capital Region (NCR), coupled with a substantial rise in minimum wages, is projected to increase living expenses in gated housing societies, escalating construction costs already burdened by geopolitical tensions, according to industry leaders. Facility management companies that oversee residential complexes are likely to transfer the burden of higher labor costs to residents through increased maintenance fees. Meanwhile, developers are grappling with the dual challenge of soaring property prices, which have already dampened home sales, leaving limited room to absorb additional financial pressures. “The rise in minimum wages coincides with existing multiple cost pressures. We’re observing…

Latest StoriesResidential

Manasum Senior Living to invest ₹150 crore in Chennai project

NEW DELHI: Manasum Senior Living plans to invest around ₹150 crore to develop a senior living project called The Madras Pavilion in Chennai, in collaboration with VNCT Global. The project will cover 4.5 acres and include 92 villas and 36 apartments. The villas will range from 897 sq ft to 1,124 sq ft, while the apartments will vary between 685 sq ft and 820 sq ft in 1BHK formats. The company is also considering a ₹550 crore investment to expand its footprint in South and West India. Published On Apr 21, 2026 at 04:00 PM IST Join the community of…

Latest StoriesResidential

Lucknow Development Body Receives 110 OTS Scheme Applications

LUCKNOW: The Lucknow Development Authority (LDA) has received 110 applications for its one-time settlement (OTS) scheme, with 85 submitted on Monday. These applications pertain to inquiries about outstanding dues on properties purchased by the applicants. A help desk is available at the LDA office to assist allottees with their online applications, and the LDA is hosting camps at various project locations. The OTS camp at Bhawani Market, Jankipuram Extension, will continue on Tuesday, providing immediate assistance. Deputy Secretary Madhvesh Kumar stated that the scheme will remain open until July 17. It encompasses various types of properties, including residential and commercial…

Latest StoriesResidential

Vadodara’s Homes Built by Civic Body Deteriorate in 20 Years

Representative AI image VADODARA: Residents of various Jawaharlal Nehru National Urban Renewal Mission (JNNURM) housing projects in Vadodara are still facing poor living conditions, despite promises of enhanced housing standards. Constructed by the Vadodara Municipal Corporation (VMC) under the Basic Services for the Urban Poor (BSUP) initiative, over 21,000 residences were built for economically disadvantaged groups between 2005-06 and 2013-14. The first residents moved in during 2010, but many have experienced deteriorating conditions within just two years. Initial issues included water leaking from terraces and damage to overhead tanks. Residents alerted the authorities, resulting in attempts at remediation like waterproofing…

Latest StoriesResidential

South Delhi MP Grants Land Ownership in 31 Villages

NEW DELHI: Residents of 31 villages in the national capital will soon receive ownership rights for their residential land within ‘Lal Dora’ limits, announced South Delhi BJP MP Ramvir Singh Bidhuri on Monday. Bidhuri stated that property cards will be distributed to these landowners, enabling them to secure bank loans. ‘Lal Dora’ land pertains to village habitation areas (Abadi) in Delhi that lack formal registrations. Bidhuri had previously written to Union Minister of Housing and Urban Affairs, ML Khattar, regarding this matter, which was subsequently referred to the Ministry of Panchayati Raj. The MP shared a letter from the Panchayati…