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

Maharashtra Seeks SRA Input on Housing for First-Floor Slum Residents

Representative image MUMBAI: The state government has requested a report from the Slum Rehabilitation Authority (SRA) about allowing slumdwellers on the first floor of chawls to qualify for free or affordable housing. Officials from the housing department noted that the finance department is seeking detailed information on the potential financial implications for the government if concessions or exemptions are granted to developers to include first-floor slumdwellers in housing schemes. “The SRA must promptly address the finance department’s inquiries. Once that is accomplished, the matter will be presented to the state cabinet for approval, leading to the issuance of a government…

Latest StoriesResidential

Vasant Kunj Residents Protest Group Housing on Morphological Ridge

NEW DELHI: Residents of B-1, Vasant Kunj, protested at Jantar Mantar on Sunday against the approval of a group housing project proposed on the Morphological Ridge. The project received clearance from the Supreme Court-appointed Centre Empowered Committee, along with NoCs from DDA, MCD, the Airports Authority of India, and the Union Ministry of Environment, Forest and Climate Change, as well as the State Level Expert Appraisal Committee. Protesters carried placards that read “Our Air, Our Right — Not for Sale” and “Building Towers, Burying Lungs,” voicing their opposition to the plans for three 10-storey luxury towers with three-level basements on…

Latest StoriesResidential

Mumbai property registrations rise 20% in November to 12,219

NEW DELHI: According to Knight Frank, property registrations in the Mumbai region surged by 20% in November, reaching 12,219 units. This marks an increase from 10,216 units registered in November of the previous year. Real estate consultant Knight Frank India, citing Maharashtra government data, reported that within the area governed by the BMC, Mumbai saw 12,219 property registrations this November—an impressive 20% year-on-year increase. This is the highest November registration figure since 2013. Stamp duty collections also rose to Rs 1,038 crore, up 12% from last year. Residential transactions dominated the market, making up around 80% of the total registrations…

Latest StoriesResidential

8 Years Late, Ghaziabad Starts Handing Over PMAY Homes

GHAZIABAD: After nearly eight years, the Ghaziabad Development Authority (GDA) has commenced the handover of flats to beneficiaries of the Pradhan Mantri Awas Yojana-Urban (PMAY). In Madhuban Bapudham, over 300 registrations have been completed for 856 units constructed. Possession is being granted to beneficiaries selected via a lottery system. Officials stated that work in other areas is also nearing completion, with possession likely to begin soon. This includes 1,200 units in Pratap Vihar, 480 in Noor Nagar, and 528 in Newari, where a 400 KLD STP and an access road have been developed for Rs 3 crore. Launched in 2015,…

Latest StoriesResidential

Khanauri Distributes ₹2.5 Cr Pucca House Approval Letters

SANGRUR: On Thursday, Cabinet Minister Barinder Kumar Goyal distributed approval letters totaling Rs 2.55 crore to 102 beneficiaries under the Pradhan Mantri Awas Yojana (PMAY) in Khanauri. He also announced that an additional Rs 97.5 lakh would be allocated for 39 more beneficiaries shortly. Goyal highlighted that the Punjab government, under Chief Minister Bhagwant Mann, is dedicated to comprehensive state development through strategic financial management and specific initiatives aimed at realizing the vision of a ‘Rangla Punjab,’ ensuring equitable growth for all communities. He mentioned that development projects worth Rs 5 crore are set to begin soon in Khanauri, including…

Latest StoriesResidential

Purchase Devpur Para Scheme Booklet by November 30

LUCKNOW: The registration booklet for the Atal Nagar Housing Scheme by the LDA in Devpur Para will be accessible until November 30. With only three days remaining, the LDA announced on Thursday that only those who purchase the booklet can complete their registration on the LDA website by December 2. As of Thursday evening, 4,393 individuals have registered for the scheme. According to LDA Vice Chairman Prathamesh Kumar, Atal Nagar comprises 2,496 flats spread across 15 towers, ranging from 12 to 19 floors. Out of these, 1,832 are one-bedroom units and 664 are two-bedroom units, varying from 30 to 54.95…

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Ratan Tata’s Seychelles Beach Villa for Sale

Representative AI image MUMBAI: The beachfront villa of the late industrialist Ratan Tata in Seychelles is currently on the market. The former chairman of Tata Group left his property on Mahe, the largest island of the archipelago, to RNT Associates, his Singapore-based fund supporting Indian startups, as specified in his will. Valuators appointed by the will’s executors estimated the property at a modest Rs 85 lakh. According to sources, Aircel founder C. Sivasankaran and his family have expressed interest in acquiring the property for $6.2 million (approximately Rs 55 crore). When approached by TOI, Sivasankaran commented, “I don’t know what…

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Mumbai: Builder Demolishes Society Using Illegal Explosives

Representative AI image MUMBAI: A sense of panic gripped Sahyog Nagar in Andheri West on Thursday morning after allegations arose that the New Vikas Co-operative Housing Society was demolished without adhering to BMC guidelines. Residents reported that the developer allegedly used prohibited explosives, creating an explosion-like sound and a massive dust cloud that enveloped the neighborhood. According to local residents, the demolition occurred around noon on November 26, without any standard safety measures in place. They accused the developers of using banned explosives, posing a grave risk to the densely populated area. Parag Motani, a Shastri Nagar resident, was at…

Latest StoriesResidential

Dehradun: Kathbangla Residents Fight MDDA Eviction, Cite Safety

DEHRADUN: Residents of Kathbangla colony protested outside the Dehradun Municipal Corporation (DMC) office on Wednesday after the Mussoorie Dehradun Development Authority (MDDA) issued eviction notices to 116 families. They claim that the rehabilitation flats offered to them are unsafe, as they are located near the riverbed. Karishma, a domestic worker, expressed concerns stating, “The flats are closer to the river than my current home, which is far from it and has had an electricity connection since 2012.” Another protester, Maya Devi, criticized the condition and size of the rehabilitation building, saying, “It was in ruins for ten years, and after…

Latest StoriesResidential

Ashiana Housing to invest ₹750 crore in Gurugram project

Sure! Here’s a rewritten version of your content: NEW DELHI: Ashiana Housing is set to invest over ₹750 crore in its new residential project, Ashiana Aaroham, located in Sector 80, Gurugram. The funding for this project will come from internal accruals, support from the IFC, customer advances, and financing backed by ICICI Pru NCD. Covering an area of 10.8 acres, the land for this development is fully owned by Ashiana Housing, and it plans to construct 542 units across six towers. Phase 1 of the project will involve an investment of approximately ₹250 crore and will feature 182 units, with…