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.

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Pune Proposes 10% Property Tax Hike, Citizens Challenge It

PUNE: The Pune Municipal Corporation (PMC) has proposed a 10% property tax increase aimed at enhancing revenue. The standing committee is set to discuss this proposal in a meeting on Monday; currently, it comprises only civic officials due to the absence of a new general body of elected corporators. Citizens’ groups and activists are opposing this move, advocating for the administration to prioritize the recovery of dues from defaulters instead. “There are numerous large tax defaulters. Revenue generation is achievable if their dues are collected,” stated Prashant Badhe from Aple Pune, Apala Parisar, a citizens’ group. Vivek Velankar of Sajag…

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Secunderabad Cantonment Proposes Ward-wise Tax Arrears Recovery

HYDERABAD: Residents of Ward-8 in Secunderabad Cantonment submitted a proposal on Sunday targeting tax arrears recovery to senior cantonment and defense estate authorities. The proposal advocates for more stringent enforcement of overdue house tax collections in compliance with the Cantonments Act of 2006. Addressed to the CEO of the Secunderabad Cantonment Board, the Principal Director of Defense Estates (Southern Command, Pune), and the Director General of Defense Estates, New Delhi, the proposal aims to address ongoing revenue collection challenges from residential property owners by establishing a systematic ward-level enforcement mechanism. The initiative includes bi-weekly enforcement drives in each ward, entailing…

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Chennai Residents Fight Ban on Building Permits Near Marsh

CHENNAI: Thoraipakkam residents demonstrated on Saturday along 200-Feet Road, opposing the CMDA’s decision to suspend building permits within a 1km radius of the Pallikaranai marshland. The Federation of Thoraipakkam Residents Welfare Associations stated that this restriction significantly impacts owners of approved plots and patta lands across various localities along the OMR-IT corridor. More than 200 residents joined the protest, urging the state government to reconsider the circular and protect the rights of individuals who purchased approved housing sites. Protesters called for the removal of encroachments in the marshland instead of enforcing restrictions on already approved residential areas. “Around 1 lakh…

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Bengaluru Buyers Complain of Double Tax on Corner Site Development

Representative AI Image BENGALURU: Some allottees are finding that a few extra square meters can almost double their property tax based on the BDA’s current policy. Owners of irregularly-sized plots argue that the existing slab-based rates unfairly penalize them, despite their properties using the same facilities as standard plots. They maintain that only the excess area should be taxed at a higher rate, yet the current system applies the increased rate across their entire site. For the past five years, concerns have been raised by allottees regarding a 2016 BDA resolution on vacant-property taxation, which they deem flawed. Owners of…

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No OTS Extension: 7,200 Plot Allottees Face Recovery by March 2026

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has declined to extend the deadline for its one-time settlement (OTS) scheme. As a result, approximately 7,200 plot allottees who defaulted are at risk of recovery actions unless they settle their dues by February 28. This decision was made during YEIDA’s 88th board meeting on Friday, presided over by Chairman Alok Kumar, who is also the additional chief secretary for industrial development. Officials noted that YEIDA has previously conducted the OTS scheme seven times, and the latest opportunity, which commenced on December 1, is the final one. Of the total outstanding dues…

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Aadhaar Authentication Required for Property Registrations in Belagavi

BELAGAVI: District Commissioner Mohammad Roshan has mandated that all sub-registrars in the district must authenticate Aadhaar for all parties involved in property registration. This directive comes in response to a recent report by the Times of India, which uncovered a significant racket involving the creation and illicit use of duplicate Aadhaar numbers for property transactions through sub-registrar offices. In a related incident at the Udyambag police station, eight individuals were accused of impersonating legitimate property owners by using fake Aadhaar numbers to fraudulently transfer ancestral property from a family. This has sparked considerable public concern regarding the extent of the…

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6,000+ Affordable Homes in Gurugram: 4,728 Shortlisted Applicants

GURUGRAM: The district administration has received over 120,000 applications for the allocation of 6,743 affordable homes designated for economically weaker sections (EWS). The 1-BHK flats, priced at Rs 1.5 lakh each, are situated in private developer colonies and high-rise societies, providing beneficiaries with organized residential amenities. The booking process commenced on Thursday to ensure dignified housing for low-income families and facilitate their integration into planned urban environments, in line with the Chief Minister’s Urban Housing Scheme initiated by the Haryana government. Deputy Commissioner Ajay Kumar stated that the corporation received a total of 12,384 applications. Of these, 4,728 applications passed…

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Aadhaar-Based Property Registration in UP Starts Feb 1

LUCKNOW: On Thursday, the state cabinet approved a proposal for an Aadhaar-based authentication system for property registration. Officials stated this initiative will combat land scams associated with fake registrations. State minister Ravindra Jaiswal mentioned that the decision was made during a review meeting led by Chief Minister Yogi Adityanath on August 28 of the previous year, with the new system set to launch in all sub-registrar offices starting February 1. Through a notification dated August 2, 2024, the UP Online Document Registration Rules, 2024 will be implemented. This will enable the electronic verification of Aadhaar holders using e-KYC, biometric authentication,…

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EESL to Provide Energy-Efficient Solutions to PMAY in Andhra Pradesh

NEW DELHI: EESL Energy Efficiency Services has signed an agreement with the Andhra Pradesh State Housing Corporation Ltd (APSHCL) to implement energy-efficient solutions. As part of this initiative, beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) will receive a starter package that includes four 5-star rated LED bulbs, two LED batten tube lights, and two brushless direct current (BLDC) ceiling fans, according to an EESL statement. EESL has partnered with APSHCL to launch a significant energy-efficiency campaign under the PMAY initiative, aimed at enhancing housing for all. Published On Jan 30, 2026 at 07:17 AM IST Join a community of…

Latest StoriesResidential

ASK Property Fund Invests ₹260 Crore in Kreeva’s Delhi Project

NEW DELHI: ASK Property Fund, the real estate arm of Blackstone-backed ASK Asset & Wealth Management Group, has invested ₹260 crore in the Kanodia Group’s real estate venture, Kreeva. Kreeva has procured a prime land parcel in South Delhi for approximately ₹350 crore and plans to develop a luxury residential project covering 500,000 sq ft. “This marks ASK’s inaugural investment in a vertical residential project in Delhi, aimed at providing a unique residential experience in a market mainly characterized by independent floors,” stated Amit Bhagat, Co-founder, CEO, and MD of ASK Property Fund. Earlier, Shapoorji Pallonji Real Estate (SPRE) entered…