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

Kochi: Delay in Allocating Apartment Units in Rajiv Awas Yojana

KOCHI: The allocation of apartment units for beneficiaries in the Rajiv Awas Yojana (RAY) housing complex is facing further delays. Corporation authorities have announced that the trial run for the facility’s sewage treatment plant will take place on March 10. Selection procedures for beneficiaries are still ongoing. Mayor V K Minimol stated during a corporation council meeting on Tuesday that only 211 beneficiaries have submitted complete documentation, and the allotment process has been finalized for 198 of them. The total number of beneficiaries listed by the corporation is 398. Additionally, beneficiaries are required to contribute their share; this funding, along…

Latest StoriesResidential

DDA Ends Parking Fees in Housing Scheme Flat Prices

NEW DELHI: The Delhi Development Authority (DDA) has announced the elimination of parking charges, including those for covered parking, from the total cost of flats in its current housing schemes, providing relief to homebuyers. This change is anticipated to reduce flat prices by ₹5 lakh to ₹12 lakh. Homebuyers will notice immediate price drops for the MIG and HIG flats across four schemes: DDA Karmayogi Awas Yojana 2025 (First-Come First-Serve), DDA Towering Heights Karkardooma Housing Scheme 2025 (E-Auction), DDA Nagrik Awas Yojana 2026 (First-Come First-Serve), and DDA Towering Heights Karkardooma Housing Scheme 2026 (First-Come First-Serve). According to the new directive,…

Latest StoriesResidential

New Penalties Replace 10% Levy on Vacant Bengaluru Sites

BENGALURU: The Bangalore Development Authority (BDA) has updated the penalty for owners who do not construct houses within the specified five-year period under lease-cum-sale agreements. Instead of the previous flat rate of 10%, introduced in September 2024, a new tiered penalty system ranging from 2.5% to 10% will be applied based on the size of the site. This change comes in response to feedback from site allottees, who argued that the uniform 10% penalty of the current guidance value for vacant sites was excessive and did not consider the diverse dimensions of sites or individual financial situations. Following these concerns,…

Latest StoriesResidential

PMAY Houses in Bihar for 1.04 Crore: Rural Minister

PATNA: On Tuesday, Rural Development Department (RDD) Minister Shrawan Kumar presented to the state assembly that the construction of pucca houses under the Pradhan Mantri Awas Yojana (PMAY) is slated for 1.04 crore families identified through a survey, pending approval from the Centre. “The list of the 1.04 crore families eligible for pucca houses under PMAY has been sent to the Centre, and we are currently awaiting their clearance,” Kumar stated, noting that 20 lakh families have already applied online for housing under PMAY. Kumar responded to the government’s appeal for a grant of Rs 23,701.17 crore for the RDD…

Latest StoriesResidential

Gurugram: Two farmhouses on 26 acres in Aravalis demolished

Representative AI image GURUGRAM: On Monday, the forest department took action against unauthorized construction in the protected Aravali region by demolishing a concrete wall and two farmhouses in the Raisina hill area. The affected land covers approximately 26 acres, where inspections revealed the illegal use of earthmovers and extensive concretization. Divisional Forest Officer (Gurgaon) Raj Kumar stated the action was warranted after confirming the resumption of construction activities in violation of environmental regulations. An earthmover was deployed to remove the concrete structures along a narrow forest path, leaving debris scattered across the hillside. This region falls under the Aravali Notification…

Latest StoriesResidential

Varanasi body advances group housing, approves 474 layouts

Representative AI image VARANASI: The Varanasi Development Authority (VDA) is experiencing positive results from its new strategies to engage builders in developing planned colonies, with over 474 layouts now approved. However, it has come to light that builders have not obtained completion certificates for 73 group housing projects, despite allotting and occupying flats in these developments. Completion certificates, issued by competent authorities like the VDA, ensure compliance with building regulations and safety standards. This process involves verification of construction quality, adherence to approved plans, and completion before any possession is granted to buyers. In reviewing its records, the VDA discovered…

Latest StoriesResidential

Premium Housing Fuels 50% of Sales as Affordable Segment Drops 17%

NEW DELHI: The Indian residential market shifted more towards higher-value homes in 2025, with properties priced above ₹1 crore making up 50% of total annual sales. This trend emerged even as demand for affordable housing decreased, according to a recent Knight Frank India report. Total housing sales reached 348,207 units in 2025. Homes priced over ₹1 crore experienced a 14% year-on-year increase, while sales for units below ₹50 lakh fell by 17%. The mid-segment, priced between ₹50 lakh and ₹1 crore, also faced an 8% drop in annual sales. As noted in the report, the slowdown primarily affected lower-priced categories,…

Latest StoriesResidential

Lead-to-buy cycle cuts to 26 days; ₹2-3 crore homes sell in 15 days

NEW DELHI: Despite a decline in housing sales across major cities in 2025, the average duration to convert a housing lead to a booking decreased to 26 days, the shortest span in three years. This trend is attributed to swifter decision-making in high-value segments, as reported by Anarock. The lead-to-booking conversion time dropped from 32 days in 2024 to 26 days in 2025. The quickest conversion period was noted in 2022 at 22 days, while 2020 marked the slowest at 35 days. “The reduction in conversion days is primarily due to increased sales of larger homes in top cities,” explained…

Latest StoriesResidential

Mapusa Homebuyers File Cheating Complaint Against Two Developers

PANAJI: Nine homebuyers have filed a complaint with the Mapusa police against two real estate developers, accusing them of fraud and failing to deliver flats despite receiving full payment nearly ten years ago. The buyers had booked apartments in the ‘Sai Ishwari’ residential-cum-commercial project, which was initiated in 2015 at Karaswada, Bardez. The project included 17 apartments, with sales agreements finalized at the Mapusa sub-registrar’s office. The agreements stipulated that the construction would be completed and possessions delivered by 2019. The complainants contend that despite numerous follow-ups via meetings and phone calls regarding construction delays, they were met with repetitious…