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

Affordable housing drops to 17% in 2025: Economic Survey

NEW DELHI: The aspiration of homeownership is becoming increasingly out of reach for low-income groups in India, as the availability of affordable housing takes a significant downturn. The Economic Survey 2025-26 reveals that the percentage of affordable housing units, priced under ₹50 lakh, in India’s eight major cities plummeted from 52.4% in 2018 to a mere 17% by 2025. This substantial drop occurs amidst a forecast that demand for such housing will hit 30 million units by 2030. Currently, the overwhelming majority of this shortfall is among low-income groups, which represent 99% of the housing deficit in recent years. The…

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President: 40 Million Houses Built for Poor in a Decade

NEW DELHI: President Droupadi Murmu announced on Wednesday that the government has built four crore pucca houses for the underprivileged over the past decade, reflecting its commitment to achieving housing for all. In her joint address to Parliament, she noted that 32 lakh newly constructed houses were handed over to beneficiaries in the last year. Emphasizing efforts to boost urban livelihoods, the president shared that under the PM SVANidhi scheme, 72 lakh street vendors received financial aid totaling Rs 16,000 crore. The Union Ministry of Housing and Urban Affairs oversees this initiative, introduced in 2020 to provide affordable working capital…

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Wayanad Building Owners Excluded from Rehab Efforts

KOZHIKODE: More than 18 months after the devastating landslide in Wayanad, building owners in Chooralmala and Mundakkai are still awaiting assistance from the government and NGOs. As the first phase of the rehabilitation township at Elstone Estate approaches completion, no compensation has been announced for those who lost their properties in the disaster. T A Asif Ali, who lost six buildings spanning 10 cents in the landslide, reported that a total of 122 properties owned by 52 individuals were either partially or entirely destroyed. “The estimated loss is about ₹15 crore. While we haven’t received any compensation, we are still…

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Lucknow body unveils 27-storey luxury project in Aishbagh

LUCKNOW: Following the announcement of Narmada Apartment in Gomtinagar, the Lucknow Development Authority (LDA) has authorized the construction of an additional 27-storey luxury apartment complex at Aishbagh, located on Mill Road. The new building will comprise 384 flats equipped with upscale amenities. Named Aishbagh Square, the project is designed with four towers, each standing 27 storeys tall, offering 3-BHK apartments with a study, measuring approximately 1,900 sqft. Prices will start at Rs 1.11 crore. The LDA Vice-Chairman, Prathamesh Kumar, has given the go-ahead for the project. Registration for the flats will be open from January 29 to February 28, exclusively…

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No Affordable Housing Projects in 2 Years: Gurugram & Faridabad Buyers Priced Out

GURUGRAM: The dream of affordable housing is fading for homebuyers. What was once a hopeful promise is quickly becoming a distant mirage for many middle-class families in Gurgaon and Faridabad. For potential buyers, the situation is increasingly frustrating. “We’ve been waiting for affordable projects for years, but there are hardly any new launches. The available options are priced at Rs 2–3 crore, far beyond our budget,” lamented Rajesh Kumar Srivastava, a Sector 70 resident employed in the private sector. The state’s flagship housing policy has not produced new projects, even as property prices climb beyond reach. This policy aimed to…

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Housing Sales Drop 14% in Major Cities: Report

NEW DELHI: Housing sales in the top seven cities experienced a 14% decline year-on-year, totaling approximately 3.96 lakh units in 2025, according to a report from the Indian Chamber of Commerce (ICC) and Anarock. Despite the drop in sales volume, the overall transaction value grew by 6%, exceeding ₹6 lakh crore. This trend highlights a significant shift in urban housing demand. After a period of stagnant price growth from 2015 to 2019, residential prices surged nearly 54% from 2019 to 2024 due to post-pandemic recovery, infrastructure enhancements, and consolidation among major developers. In 2025, price growth moderated to an estimated…

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Pune stamp duty collections surpass ₹7,100 crore in 2025

NEW DELHI: In 2025, Pune’s real estate market achieved over ₹7,100 crore in stamp duty revenue, marking its highest level in four years, according to Knight Frank India. Although property registrations dipped slightly, they still totaled 1,85,657 for the year, a 2.3% decrease compared to the previous year. Despite this, stamp duty collections saw a minor increase of 0.3%, reaching ₹7,119 crore, reflecting a consistent demand for high-value homes. In December 2025, property registrations plummeted 30% year-on-year to 12,079 units, while stamp duty revenue dropped by 28%. However, this significant decline is attributed to a high base from December 2024.…

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HNIs Expect India’s Luxury Housing Market to Cool by FY27

NEW DELHI: A recent survey by property consultant India Sotheby’s International Realty indicates that demand and prices for luxury homes may decline in major cities in the upcoming fiscal year, with 56% of wealthy respondents agreeing. The survey, conducted amongst nearly 700 high net worth individuals (HNIs) and ultra HNIs, aimed to evaluate their perspectives on India’s economic growth, investment strategies, and the luxury housing market. In its report, ‘The India Luxury Residential Outlook 2026’, released on Sunday, India Sotheby’s International Realty (ISIR) revealed that 67% of HNIs and UHNIs remain optimistic about India’s economic prospects despite facing global challenges.…

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Nagrik Awas Yojana 2026: Buyers Claim Karamyogi Flats Overpriced

NEW DELHI: The Delhi Development Authority (DDA) launched the Nagrik Awas Yojana 2026 on Friday, offering over 1,712 flats in HIG, MIG, LIG, and EWS categories across Narela and Siraspur, with a flat 25% discount applicable to all units. This new initiative, however, sparked frustration among applicants of the Karamyogi Awas Yojana, which had been introduced on December 19 specifically for government employees, and also provided a 25% discount. Applicants of the Karamyogi scheme claimed that the flats offered under Nagrik Awas Yojana were nearly ₹10 lakh less expensive than those available under their scheme, despite being situated in the…

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90 Flats Auctioned in Omicron, Greater Noida

Representative Image NOIDA: The Greater Noida Authority will conduct an e-auction for 90 flats in Sector Omicron 1A on January 28. The reserve price for these flats ranges from Rs 73.2 lakh to Rs 74.3 lakh, based on the floor location. These flats are situated on the 1st and 15th floors, each offering a carpet area of 83.38 square metres and a super area of 104.7 square metres. Greater Noida Authority CEO NG Ravi Kumar has instructed the property department to expedite the allotment process to utilize the housing stock effectively, helping potential homeowners take advantage of this scheme. Interested…