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

Pay by May 31 for Property Tax Rebate, Chandigarh Urges Residents

To maximize revenue during the initial two months of the current fiscal year, Chandigarh Municipal Commissioner Amit Kumar urged citizens to pay their property taxes within the designated timeline to benefit from available rebates. Residential property owners will enjoy a 20% discount, while commercial property owners will receive a 10% rebate. This offer is valid until May 31. After that date, late payments will incur penalties and interest. The tax revenue is a crucial source for the municipal corporation, aimed at funding essential civic services like sanitation, road maintenance, water supply, and urban development throughout the city. Citizens are also…

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NCR Wage Hike Could Increase Living Costs in Gated Societies

Worker unrest in the National Capital Region (NCR), coupled with a substantial rise in minimum wages, is projected to increase living expenses in gated housing societies, escalating construction costs already burdened by geopolitical tensions, according to industry leaders. Facility management companies that oversee residential complexes are likely to transfer the burden of higher labor costs to residents through increased maintenance fees. Meanwhile, developers are grappling with the dual challenge of soaring property prices, which have already dampened home sales, leaving limited room to absorb additional financial pressures. “The rise in minimum wages coincides with existing multiple cost pressures. We’re observing…

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Manasum Senior Living to invest ₹150 crore in Chennai project

NEW DELHI: Manasum Senior Living plans to invest around ₹150 crore to develop a senior living project called The Madras Pavilion in Chennai, in collaboration with VNCT Global. The project will cover 4.5 acres and include 92 villas and 36 apartments. The villas will range from 897 sq ft to 1,124 sq ft, while the apartments will vary between 685 sq ft and 820 sq ft in 1BHK formats. The company is also considering a ₹550 crore investment to expand its footprint in South and West India. Published On Apr 21, 2026 at 04:00 PM IST Join the community of…

Latest StoriesResidential

Lucknow Development Body Receives 110 OTS Scheme Applications

LUCKNOW: The Lucknow Development Authority (LDA) has received 110 applications for its one-time settlement (OTS) scheme, with 85 submitted on Monday. These applications pertain to inquiries about outstanding dues on properties purchased by the applicants. A help desk is available at the LDA office to assist allottees with their online applications, and the LDA is hosting camps at various project locations. The OTS camp at Bhawani Market, Jankipuram Extension, will continue on Tuesday, providing immediate assistance. Deputy Secretary Madhvesh Kumar stated that the scheme will remain open until July 17. It encompasses various types of properties, including residential and commercial…

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Vadodara’s Homes Built by Civic Body Deteriorate in 20 Years

Representative AI image VADODARA: Residents of various Jawaharlal Nehru National Urban Renewal Mission (JNNURM) housing projects in Vadodara are still facing poor living conditions, despite promises of enhanced housing standards. Constructed by the Vadodara Municipal Corporation (VMC) under the Basic Services for the Urban Poor (BSUP) initiative, over 21,000 residences were built for economically disadvantaged groups between 2005-06 and 2013-14. The first residents moved in during 2010, but many have experienced deteriorating conditions within just two years. Initial issues included water leaking from terraces and damage to overhead tanks. Residents alerted the authorities, resulting in attempts at remediation like waterproofing…

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South Delhi MP Grants Land Ownership in 31 Villages

NEW DELHI: Residents of 31 villages in the national capital will soon receive ownership rights for their residential land within ‘Lal Dora’ limits, announced South Delhi BJP MP Ramvir Singh Bidhuri on Monday. Bidhuri stated that property cards will be distributed to these landowners, enabling them to secure bank loans. ‘Lal Dora’ land pertains to village habitation areas (Abadi) in Delhi that lack formal registrations. Bidhuri had previously written to Union Minister of Housing and Urban Affairs, ML Khattar, regarding this matter, which was subsequently referred to the Ministry of Panchayati Raj. The MP shared a letter from the Panchayati…

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BPTP to Invest ₹1,100 Crore in Greater Faridabad Housing

Representative AI image NEW DELHI: BPTP is set to invest approximately ₹1,100 crore to launch a residential project in Sector 80, Greater Faridabad, with an estimated gross development value (GDV) of ₹1,800 crore. The project, named Skynest, will consist of 325 residential units spread across two high-rise towers. It will feature 3BHK and 4BHK apartment configurations, with sizes ranging from 3,185 sq ft to 3,856 sq ft. This development will be part of BPTP’s wider portfolio in the NCR, where the company has ongoing residential and mixed-use projects in Faridabad, Gurugram, and Noida. The completion of the project is planned…

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Bengaluru Development Body’s New Maintenance Policy Starts Next Month

BENGALURU: The Bangalore Development Authority (BDA) plans to implement a new maintenance policy for its apartment projects starting next month. This policy will apply to new developments and aims to bring existing apartments under a similar framework. Although BDA currently oversees essential services, including lifts, security, garbage disposal, and common areas, officials acknowledge the absence of a formal maintenance management and funding policy. The proposed policy will clarify the duration of the developer’s maintenance responsibility—likely one to two years—after which duties will shift to resident welfare associations (RWAs). It also aims to standardize maintenance charge calculations and collections. Currently, BDA…

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Lucknow Development Body Offers OTS for 4,000 Defaulters

LUCKNOW: Approximately 4,000 defaulters in the city are expected to benefit from the Lucknow Development Authority (LDA), which is launching camps for the One-Time Settlement (OTS) program starting Saturday. This initiative allows defaulters to relieve themselves from penalties and compounded interest while clearing their dues to regularize ownership. Submitted applications will be processed within three months. Defaulters who pay the full amount within 30 days will receive a 3% discount. For dues exceeding Rs 50 lakh, one-third must be settled within 30 days, with the remaining balance payable in six monthly installments. A help desk has been established at the…

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Surat: No Property Tax for Pragya Nagar Residents

SURAT: Residents of Pragya Nagar in the City Light area have been advised by Surat Municipal Corporation officials that they will not have to pay property tax for the demolished colony. This follows the issuance of tax bills for 2025-26, despite the colony being razed in 2025. The Times of India (TOI) had highlighted this issue, prompting action from the municipal body. The situation surfaced when residents of approximately 700 homes expressed concerns about receiving tax bills despite having evacuation notices in 2024 and demolition occurring in 2025. On Thursday, residents found that the online portal indicated no pending dues.…