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

Uttar Pradesh extends housing scheme to all scheduled tribes

LUCKNOW: The Uttar Pradesh government has broadened the scope of the Mukhyamantri Awas Yojana-Gramin to encompass all remaining Scheduled Tribes (STs), with the goal of achieving universal housing coverage for tribal communities in the state. This decision follows a proposal from the Rural Development Department as the earlier targeted groups under the scheme neared saturation. Initially, the scheme included select communities such as Musahar and Vantangia, covering 18 castes and tribes from 2020-21 to 2025-26. According to the order, various tribal communities, including Bhotia, Jaunsari, Raji, Gond (along with its sub-groups Dhuria, Ojha, Nayak, Pathari, and Rajgond), Kharwar, Khairwar, Parahiya,…

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Delhi MCD Starts Survey on Residential Premises Misuse

NEW DELHI: In response to directives from the Supreme Court, the Municipal Corporation of Delhi (MCD) has launched a thorough initiative to pinpoint instances of residential properties being misused for non-residential purposes throughout the city. The Supreme Court’s order, issued in early April, involved municipal corporations from all capital cities, including the MCD, and mandated a thorough inquiry within their respective jurisdictions. MCD Commissioner Sanjeev Khirwar has directed all zonal deputy commissioners to conduct a targeted survey aimed at identifying residential areas that are currently being utilized for commercial or other non-residential activities. This survey will encompass all residential colonies,…

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DDA Awaits CBI Nod to Begin Signature View Demolition

Signature View Apartments NEW DELHI: The redevelopment of the Signature View Apartments is expected to face further delays as the Delhi Development Authority (DDA) is still awaiting clearance from the Central Bureau of Investigation (CBI) to initiate the demolition of the buildings located in Mukherjee Nagar, north Delhi. Designated as structurally unsafe in 2023, the residential complex, built by the DDA, is set for demolition and redevelopment. The CBI is currently investigating allegations of corruption and irregularities related to the construction of these towers and has instructed the DDA to postpone demolition until it gathers necessary evidence from the site.…

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Kanpur Board Cuts Prices on 5,600 Unsold Flats

KANPUR: The Kanpur Development Authority (KDA) met on Friday to discuss the reduction in cost for 5,600 unsold flats from various schemes. The board approved a budget of ₹25.15 billion and committed to development works costing ₹1,291 crore for the ongoing fiscal year, reflecting a 70% increase from last year’s expenditure of ₹640 crore. Vijayendra Pandian, the divisional commissioner and chairman of the board meeting, stated that the significant number of unsold flats will now be sold at reduced rates based on 2018 prices. This reduction ranges from 4.60% to 23.19%, with flats priced between ₹8.86 lakh and ₹28.50 lakh.…

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Telangana property registration values set to rise in May

HYDERABAD: In a key initiative to enhance resource mobilisation, the state government has announced that property registration values will be revised starting the first week of May. The registration department has been instructed to make the necessary preparations for this change. This decision, made by the cabinet sub-committee on resource mobilisation, ends a year-long pause on the proposed increase. Initially planned for last year, the revision was delayed due to a downturn in the real estate sector and persistent requests from real estate associations for a postponement. However, with market conditions showing signs of stability, the government has decided to…

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KHB Unveils New Residential Layout on 92 Acres in Belagavi

Representative AI image BELAGAVI: The Karnataka Housing Board (KHB) is advancing plans for a new residential scheme in Honnihal village, located approximately 18 km from the city, spanning 92 acres and 7 guntas of land. The proposal has been submitted to the government, and public notification will follow pending project approval. The last residential layout developed by KHB was Devaraj Urs Colony in Basavan Kudachi nearly ten years ago. This new initiative aims to meet the increasing housing demand in the city by providing affordable options and enhancing public infrastructure. The KHB has earmarked land in Survey Nos. 43/1 to…

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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…

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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…

Latest StoriesResidential

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…