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

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.…

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Mangaluru Sand Shortage Raises House Prices by ₹2 Lakh

MANGALURU: As the monsoon season approaches, construction activities are expected to face delays, leading builders and contractors to rush for sand. This shortage has driven construction costs up significantly, with the price of a standard house rising by around ₹2.25 lakh. Four years after sand mining was restricted in Coastal Regulation Zone (CRZ) areas, contractors are finding it increasingly difficult to stay within budget on their projects. Satish Jogi, vice-president of the Civil Contractors Association, noted during a press conference on Friday that the sand scarcity has persisted for the past three to four years, primarily due to the ongoing…

Latest StoriesResidential

Lucknow to Offer 630 Flats in Atalnagar Scheme

LUCKNOW: Homebuyers have another opportunity to purchase budget housing as registration for 630 flats under the Atalnagar scheme begins on April 18. Officials from the Lucknow Development Authority (LDA) announced that the online registration will be open until May 17, with allotments conducted via a lottery system. The available units consist of 539 one-bedroom and 91 two-bedroom flats at the Atalnagar project in Devpur Para, sized from 30 sqmt to 54.95 sqmt, with prices starting around Rs 9.82 lakh. According to officials, the project will feature essential amenities including water and electricity supply, lifts, power backup, security, green spaces, children’s…

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LG of Delhi Visits Swabhiman Apartments, Promises Quick Solutions

NEW DELHI: Lieutenant Governor Taranjit Singh Sandhu visited Swabhiman Apartments, a Delhi Development Authority (DDA) housing project in Jailorwala Bagh, Ashok Vihar, on Thursday. He engaged with residents to gain first-hand insights on living conditions, civic amenities, and maintenance issues. The visit was motivated by a commitment to citizen-centric governance. Post-interaction, the LG instructed relevant departments to prioritize addressing residents’ concerns, ensuring a safe, clean, and well-maintained living environment. Swabhiman Apartments is one of the flagship initiatives under the Prime Minister’s vision of “Jahan Jhuggi, Wahin Makan,” which aims to rehabilitate residents from jhuggi-jhopri clusters through in-situ redevelopment. Residents expressed…

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Housing Supply Rises 10%, Prices Up 14% in Q1 2026 Report

NEW DELHI: According to Magicbricks’ PropIndex report, India’s residential real estate market saw a 10.1% year-on-year increase in housing supply during Q1 2026. Property prices also rose by 14.1% across major cities. Active listings in 13 key cities increased by 6.8% from the previous quarter and 10.1% year-on-year, surpassing 1.1 lakh units during January-March. The average residential price has climbed to ₹14,633 per sq ft. However, demand exhibited a slight decline on a sequential basis, dropping 2.2% quarter-on-quarter. Annually, demand remained stable, with a 1.5% increase, totaling approximately 31.7 lakh units. At the city level, demand trends differed—Noida, Chennai, and…

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Pimpri Chinchwad Residents Demand Action on Water Supply Issues

PUNE: Numerous housing societies in Pimpri Chinchwad are urging the civic authorities to take stringent measures against developers who have allegedly failed to provide water supply despite signed commitments. Residents referenced recent directives from the divisional commissioner, which cautioned builders against legal ramifications if they do not fulfill their water supply obligations until the municipal network is established. This issue was highlighted during a recent ward-level meeting held by the water supply department for A and K wards. The Chikhali-Moshi Pimpri Chinchwad Housing Societies Federation has insisted that developers promptly reimburse the costs incurred by residents for private water tankers…

Latest StoriesResidential

Ladakh L-G Issues Renewed Lease Deeds to 79 Residents

File Photo LEH: On Wednesday, Ladakh Lieutenant Governor Vinai Kumar Saxena presented renewed lease deeds to 79 residents of the Housing Colony area in Leh, describing the act as a historic step towards securing their legal rights. According to an official spokesperson, the renewal of these lease deeds, which had been pending for years, will greatly benefit residents by providing them with legal ownership and tenure security. This renewal will also grant access to banking services, such as loans, simplify property transactions, and allow land to be sold at its market value, the spokesperson added. While addressing the first group…