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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TIDCO’s Vijayawada Colonies Introduce New Township Model

VIJAYAWADA: The urban housing landscape in Andhra Pradesh is experiencing a notable transformation as the Andhra Pradesh Township and Infrastructure Development Corporation (APTIDCO) introduces integrated living models for economically weaker sections. Instead of merely offering standalone houses, the state is now developing “mini townships” that blend housing with essential infrastructure, livelihoods, and social amenities. APTIDCO Managing Director Sunil Kumar Reddy highlights the shift in focus from mere construction to ensuring complete habitability. “In the past, housing projects often concluded with the handover of units. Today, our goal is to create fully livable colonies equipped with roads, water supply, drainage, lighting,…

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Maharashtra CM Calls for Strong Affordable Housing System in Mumbai

File Photo MUMBAI: On Friday, Maharashtra Chief Minister Devendra Fadnavis directed the establishment of an effective system for affordable rental housing in Mumbai, along with the creation of a dedicated portal for public access. Recognizing the influx of individuals moving to Mumbai for employment and entrepreneurship, Fadnavis emphasized the pressing need for housing, asserting that the government must ensure the availability of rental properties at reasonable prices. He underscored the necessity for supply to meet demand and advocated for a coordinated approach to alleviate challenges faced by both landlords and tenants, as indicated in an official statement. Fadnavis also stressed…

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Maharashtra CM: Cluster Redevelopment to Aid 700K Slum Dwellers

Representative AI image MUMBAI: Approximately seven lakh slum dwellers will benefit from the slum cluster redevelopment scheme, as informed to CM Devendra Fadnavis during the 16th meeting of the Slum Rehabilitation Authority (SRA) on Friday at the Sahyadri state guesthouse. SRA chief Mahendra Kalyankar stated, “Due to the limited response to joint venture projects and stalled schemes, the government has decided to promote integrated and sustainable development under the Slum Cluster Redevelopment scheme, in alignment with the state housing policy for 2025.” He added that the process to identify slum cluster areas is underway. During the meeting, an additional Rs…

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Ashiana Housing Acquires 28.55 Acres in Pune for Senior Homes

Representative image NEW DELHI: Ashiana Housing has acquired 28.55 acres of land in Pune to develop a senior living housing project, expected to generate revenue of approximately Rs 1,800 crore. The company confirmed in a regulatory filing: “We have acquired approximately 28.55 acres of land on an outright purchase basis in Pune, Maharashtra.” “This marks the largest land deal by our company for a Senior Living project. The estimated saleable area is 20 lakh sq ft, with a sales value potential of Rs 1,800 crore,” the filing added. Ankur Gupta, JMD of Ashiana Housing, mentioned that the company is aiming…

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Lucknow body to release 2,000 plots in new housing scheme

Representational AI image LUCKNOW: The Lucknow Development Authority (LDA) is set to launch the Varun Vihar housing scheme in June, offering approximately 2,100 plots in the Kailash and Kashi blocks during the first phase. This decision was made during a meeting chaired by Divisional Commissioner Vijay Vishwas Pant at the LDA headquarters on Thursday. The project spans 2,270 hectares along the Agra expressway, with land acquired through mutual agreement from villages in Sadar and Sarojininagar tehsils; around 853 hectares have received consent so far. LDA Vice-Chairman Prathamesh Kumar announced that online registration for the plots will commence following the official…

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Kanpur: 20 Arrested for Fraud in Fake PMAY Scheme

KANPUR: A significant cybercrime ring operating in a Jamtara-style has been uncovered in the Reuna village of Ghatampur, leading to the arrest of 20 gang members accused of defrauding applicants of the Pradhan Mantri Awas Yojana. Meanwhile, 17 accomplices are still at large, prompting ongoing efforts to locate them. Police Commissioner Raghubir Lal reported that the operation was initiated after receiving multiple complaints via the National Cyber Crime Reporting Portal. Acting on a tip-off, a police team proceeded to Reuna village where suspicious cyber activities were observed, resulting in the immediate arrest of 20 individuals. The police revealed that the…

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40% of Belagavi Property Owners Miss Tax Payments

BELAGAVI: A troubling trend is emerging in Belagavi city, where nearly 40% of property owners have not settled their property tax dues for the 2025-26 financial year, raising crucial concerns about both revenue recovery and administrative efficiency. According to insiders at the Belagavi City Corporation (BCC), the city has 166,178 registered properties. Out of these, property tax dues have only been cleared for 95,829 properties. This includes defaulters from various sectors, such as private residences, businesses, educational institutions, and even government establishments. Despite assertions of financial discipline and efforts to enhance revenue collection, BCC only gathered ₹70.8 crore in property…

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Rising Costs and GST Impact Hyderabad’s Gated Communities

HYDERABAD: Residents in gated communities throughout the city are grappling with increased financial pressure this year, as surging maintenance costs have pushed many into the 18% GST tax bracket. For the fiscal year 2026-27, monthly maintenance fees have escalated significantly, now falling between Rs 8,000 and Rs 10,000. This spike is attributed to rising expenses including security personnel salaries, electricity bills, clubhouse maintenance, common facilities, and water supply systems. Previously, many residents paid around Rs 6,000 to Rs 7,000 per month, comfortably below the Rs 7,500 threshold that triggers GST. However, the latest increase has altered the situation. According to…

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After 15 Years, JAL Homebuyers Rely on Adani’s Housing Plan

Homebuyers waiting for possession of properties booked with Jaiprakash Associates Limited (JAL) 15 years ago are hopeful for a swift resolution. This comes after the Supreme Court declined to stay the implementation of the Adani Group’s debt resolution plan of ₹14,500 crore. The homebuyers’ association expressed concern over the prolonged legal proceedings and urged the Adani Group to complete the projects as promised in the resolution plan. Mateen Wani, a retired government employee from Jammu & Kashmir who booked a plot in Jaypee Sports City years ago, stated, “Many buyers have been paying both EMI and rent for years with…

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Delhi RWAs raise concerns over mixed-use development

NEW DELHI: Numerous Resident Welfare Associations (RWAs) are expressing concerns about the potential chaos that could result from the rollout of the new Transit-Oriented Development (TOD) policy. This policy allows for mixed-use developments on plots adjacent to metro corridors and within a 500-metre radius of RRTS stations and railway lines, regardless of the plot size or current land designation. While it requires that 65% of the plot area be allocated for residential use, residents are doubtful regarding the enforcement of these guidelines. Members of the Save Our City campaign highlighted that the Master Plan for Delhi, 2021, which incorporated mixed…