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

BDA Seeks Forest Solution for Stranded Banashankari Plot Owners

BENGALURU: Over 300 plot owners in Banashankari 6th Stage are struggling to construct their homes due to objections from the Forest Department regarding buffer zone regulations around the adjacent Turahalli Forest. To address this ongoing issue, the Bangalore Development Authority (BDA) has reached out to the Forest Department for a permanent resolution. This predicament concerns plots allocated by the BDA in various Blocks of the Banashankari 6th Stage layout several years ago. Despite the BDA distributing residential sites decades ago, the Forest Department later declared that numerous plots across various survey numbers fall within the buffer zone of the Turahalli…

Latest StoriesResidential

Odisha Tops India in PMAY-U 2.0 Housing Completions

BHUBANESWAR: Odisha has secured the top position in the nation for successful housing completions under the Pradhan Mantri Awas Yojana-Urban (PMAY-U 2.0), maintaining its rank since March 2025, according to officials. Since its launch in September 2024, PMAY-U 2.0 has seen Odisha consistently making strides in offering affordable housing solutions to urban beneficiaries. Between March 2025 and March 2026, the state achieved the highest number of completed houses compared to other states. Official statistics indicate that 24,625 houses have been approved under PMAY-U 2.0 in Odisha to date, with 23,464 sites geo-tagged. Construction has commenced for 3,134 houses, and 2,008…

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SBI Calls for Review of Affordable Housing Definition Amid Loan Surge

MUMBAI: The State Bank of India (SBI), the nation’s largest lender, has requested a review of the definition of affordable housing, pointing to a significant rise in the average size of home loans recently. Chairman C.S. Setty stated that SBI, which commands the largest share in the competitive affordable housing segment, has observed that the average loan size has increased to ₹51 lakh, up from ₹35-40 lakh just two years ago. Setty emphasized, “The definition of affordable homes needs to be revised. This is what we have consistently communicated to the Government of India,” during a post-earnings interaction with reporters.…

Latest StoriesResidential

Chhattisgarh: 50% Property Registration Rebate for Women

RAIPUR: In a significant move to bolster women’s ownership of assets, the Chhattisgarh government has introduced a 50% rebate on registration fees for properties registered in women’s names. This decision, endorsed by Chief Minister Vishnu Deo Sai, was officially announced in the gazette on Wednesday and takes effect immediately. According to officials, this initiative aims to motivate families to register immovable property under women’s names, enhancing their economic security and social status. The government anticipates that this rebate will gradually increase women’s participation in property ownership, an essential aspect of financial independence. Chief Minister Sai hailed the announcement as a…

Latest StoriesResidential

Karnataka Order Delay Leaves Homebuyers Frustrated

BENGALURU: Homebuyers and local representatives are eagerly awaiting a proposed meeting of MLAs to discuss the Karnataka Apartment (Ownership and Management) Bill. This proposal, introduced during a recent Assembly session in March 2026, aims to convene all stakeholders to talk about the draft Bill. Despite the anticipation, Deputy Chief Minister DK Shivakumar has yet to initiate the meeting, even after 40 days have passed. Homebuyers urge the state government to expedite the enactment of this law to protect apartment owners’ rights. Sameera Bharadwaj, a resident of Prestige Lake Ridge Apartments, Uttarahalli, expressed frustration at the delays: “The postponement of this…

Latest StoriesResidential

Mahindra Lifespaces, Sattva Group Unveil Mumbai Projects

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development segment of the Mahindra Group, has unveiled a new residential project named Mahindra BeaconHill located in Mahalaxmi, South Mumbai. The project boasts a potential Gross Development Value (GDV) of approximately ₹1,650 crore. Spanning 1.68 acres, this 58-storey structure will offer 198 upscale residences, available in three types: three BHK, 3.5 BHK, and four BHK. In another announcement, Sattva Group has introduced its inaugural residential project in Mumbai – Sattva Sumera, with a Gross Development Value (GDV) of ₹5,500 crore. This development is situated in Parel. Covering a two-acre…

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CM: Over 19 Lakh Homes Built in Rajasthan Under PMAY-Gramin

JAIPUR: Chief Minister Bhajan Lal Sharma announced on Tuesday that over 19 lakh pucca houses have been constructed in Rajasthan under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) since its inception in 2016. The Centre had aimed to build 24.97 lakh houses in the state, with over 24.32 lakh already approved and 19.46 lakh completed to date. For this initiative, the Union government has allocated more than Rs 3,283 crore. In the last three financial years, Rs 2,771 crore has been disbursed, including the highest allocation of Rs 1,641 crore in 2025–26. The scheme aims to provide direct financial assistance to…

Latest StoriesResidential

Lucknow body updates payment terms for Atal Nagar scheme

LUCKNOW: The Lucknow Development Authority (LDA) has updated the payment terms of its Atal Nagar housing scheme, introducing a 10-year instalment plan with a lower interest rate. The interest rate has been slashed from 9% to 7%, and the repayment period has been extended from seven years to ten years, structured into 120 monthly instalments. Situated in Devpur Para, the scheme features 2,496 flats distributed across 15 towers, which range from 12 to 19 floors. Unit sizes vary from 30 sqm to 54.95 sqm, starting at approximately Rs 9.83 lakh. Registration for 630 unsold units is open from April 18…

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Hyderabad tops South India’s luxury market with ₹8,562 crore sales

Representative AI image NEW DELHI: In fiscal year 2026, Hyderabad recorded transactions totaling ₹8,562 crore for homes priced over ₹10 crore, establishing itself as the largest market for ultra-luxury housing in South India, as per a report by India Sotheby’s International Realty and CRE Matrix. The city surpassed Bengaluru significantly in terms of sales value. Bengaluru, however, achieved the fastest growth in this segment, with unit sales increasing by 52% year-on-year, rising from 84 units in the previous fiscal year to 128 units in FY26. The total transaction value in Bengaluru for this period reached ₹1,957 crore. The report noted…

Latest StoriesResidential

Delhi body investigates Vivek Vihar building for norm violations

NEW DELHI: The Municipal Corporation of Delhi (MCD) has initiated an inquiry into potential violations of building bylaws following a devastating fire in a four-storey residential building in Vivek Vihar, which tragically resulted in nine fatalities on Sunday morning. “Officials have visited the site to investigate. We will take stringent action against any officials found negligent in approving the building plan,” stated mayor Pravesh Wahi. According to officials, the presence of grills on the rear side of the building significantly hindered rescue operations and contravened the purpose of open balconies as outlined in the Unified Building Bylaws 2016. “These balconies…