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

Delhi: DDA Unveils Phase Two of ‘Towering Heights’ Project

NEW DELHI: On Saturday, the Delhi Development Authority (DDA) launched the second phase of its housing initiative, ‘DDA Towering Heights,’ located in Karkardooma. Supervised by NBCC, this premium residential project features a 48-storey tower, reaching a height of 155 metres, making it the tallest residential building in Delhi. “The scheme includes 741 flats available for retail buyers on a First Come First Serve basis, along with 107 flats designated for bulk allocation to government bodies,” a DDA statement indicated. DDA officials announced that the registration for flats will commence on January 8 and conclude in March of this year. “A…

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300 Homes for Wayanad Landslide Victims to be Delivered in Feb

THIRUVANANTHAPURAM: Kerala Chief Minister Pinarayi Vijayan announced on Thursday that the state government plans to complete approximately 300 houses with necessary facilities to be handed over in February. This marks the first phase of rehabilitation for victims of the Wayanad landslide disaster. “Our aim is to finish around 300 houses along with essential amenities and provide them to beneficiaries as the initial phase in February,” the CM stated during a press conference. He mentioned that these houses are part of a larger township under development on Elston Estate land, located near the Kalpetta bypass, specifically for families affected by the…

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Alkem Labs Founder’s Parents Buy ₹63 Crore Penthouse in Bandra

MUMBAI: A septuagenarian couple, Satish Kumar Singh and Premlata Singh, parents of Alkem Laboratories founder Sandeep Singh, have purchased Khar-Bandra’s most expensive penthouse for Rs 63 crore. This sale marks the highest rate for a non-sea facing apartment in Bandra. Dubbed a ‘villa in the sky’, the residence boasts private terraces and a spacious double-height living room. “It truly gives the vibe of a villa in the sky,” according to a source. This luxurious penthouse is situated in S Raheja’s Evergreen Tower on Perry Road, Bandra West, reflecting the growing appetite for single-unit luxury homes in one of Mumbai’s most…

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Fixed Fee for Property Tax Name Transfers in Tambaram

CHENNAI: In an exciting development for property owners, the Tambaram City Municipal Corporation (TCMC) has reduced fees for property tax name changes and standardized charges from January onwards. Previously, fees were based on the property’s market value, leading residents to pay between ₹15,000 and ₹40,000 depending on their property’s size and value. Going forward, a flat fee of ₹500 will apply for residential properties, while non-residential or commercial properties will incur a charge of ₹1,000. “Greater Chennai Corporation (GCC) charges only ₹500 for property name transfers. Tambaram’s decision to adopt a similar model will significantly lower costs for property buyers…

Latest StoriesResidential

Uttar Pradesh to Discount 10,000 Unsold Ghaziabad Flats by 25%

GHAZIABAD: The Uttar Pradesh government plans to offer discounts of up to 25% to clear a stockpile of nearly 10,000 unsold flats developed by the Ghaziabad Development Authority (GDA) and the UP Housing Board in the city. This initiative is part of the Model Costing Guidelines Basic Principles 2025, aimed at resolving the inventory of unsold flats and plots while standardizing pricing across various development authorities and housing boards. GDA currently has 1,748 unsold flats across five housing schemes. In addition, the housing board has approximately 8,000 unsold units in Ghaziabad, with around 4,000 in the Ganga Yamuna and Hindon…

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Maharashtra CM urged to revoke MOFA changes, restore rights

File photo PUNE: The Akhil Bharatiya Grahak Panchayat has called on Chief Minister Devendra Fadnavis to rigorously implement the provisions of the Maharashtra Ownership of Flats (MOFA) Act. They are demanding the immediate retraction of recent amendments, which they label unjust, anti-consumer, and contrary to the public interest. These changes reportedly provide “legal immunity” to builders by removing criminal liabilities for violations. The organization emphasizes that law enforcement and relevant authorities should take criminal actions against errant builders and reaffirm ownership and conveyance rights for homebuyers throughout Maharashtra. In a comprehensive memorandum directed to the CM on December 31, the…

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Beed leads Maharashtra’s rural housing drive: 50,000+ families move in

CHHATRAPATI SAMBHAJINAGAR: Beed has risen to prominence as Maharashtra’s top district in executing the rural housing scheme endorsed by both state and central governments. More than 50,000 families have moved into their new homes between January and the end of October. To inspire further participation, beneficiaries who completed their homes ahead of schedule were honored. During the focused three to four-month campaign, nearly ₹1,000 crore was deposited directly into the beneficiaries’ bank accounts. This initiative has set a new standard for rural housing implementation within the state. According to available data, 36,643 houses were completed under PMAYG, 3,882 under the…

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Karnataka Eases Occupancy Rules for 30×40 Rural Homes

BENGALURU: In a significant development for farmhouse and newly-constructed property owners in rural Karnataka, the government announced on Wednesday that certain types of houses under gram panchayat (GP) limits will be exempt from obtaining an occupancy certificate (OC). Officials from the rural development and panchayat raj (RDPR) department clarified that this exemption pertains to newly-built residential structures on 30×40 sqft plots in rural areas falling under gram panchayat jurisdiction. This change will be implemented immediately. The RDPR notification indicated, “Residential buildings that consist of a ground floor plus two additional floors (G+2) or stilt plus three floors (Stilt+3), constructed on…

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Karnataka Housing Board Cautions Public on Fake Site Sales

Representative AI image BENGALURU: The Karnataka Housing Board (KHB) has issued a public notice warning against the purchase of sites in the Suryanagar Phase-4 housing project using ‘plot selection letters.’ These transactions are deemed illegal and may result in potential fraud and financial losses. The KHB Housing Commissioner clarified that the total area acquired consists of 1,498 acres and 39 guntas (1 acre = 40 guntas) across Indlawadi, Kadujakkanahalli, and Bagganadoddi villages in Anekal taluk, Bengaluru Urban district. This land was obtained under section 6(1) of the Land Acquisition Act for the development of Suryanagar Phase-4 residential layout. The project…

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Mumbai property registrations rise 6% to 1.5 lakh in 2025

NEW DELHI: Property registrations in Mumbai’s municipal region increased by 6% in 2025, totaling 150,231 units, marking a 14-year high due to improved demand. On Wednesday, real estate consultant Knight Frank India reported that Mumbai (under BMC jurisdiction) experienced its best housing market performance in 14 years in 2025. Citing state government data, Knight Frank noted that property registrations in the Mumbai municipal region reached 150,231 units in 2025, up from 141,202 in 2024. In December 2025, a total of 14,424 properties were registered, reflecting a 16% increase from 12,418 units registered in December of the previous year. Residential properties…