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

CSMC to Verify Documents for Govt Housing in Chhatrapati Sambhajinagar

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has announced a document verification exercise set to begin on April 7 for applicants of the Ramai Awas Yojana— a government initiative aimed at providing permanent housing for individuals and families from Scheduled Castes and Neo-Buddhist communities. Officials from CSMC have stated that 8,442 beneficiaries within the municipal limits have applied for the scheme. They plan to verify around 2,000 applications each day until April 10. The rollout of the scheme has faced scrutiny due to allegations of ineligible beneficiaries. Former city MP Imtiaz Jaleel raised concerns about a potential scam, asserting…

Latest StoriesResidential

YEIDA Unveils 950+ Housing Plots Post Noida Airport Launch

Representative AI image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) is set to launch a residential scheme near Noida International Airport (NIA) on Monday, offering 973 plots. Officials announced that 17.5% of the plots will be allocated to farmers whose land has been acquired for the development of the Yamuna area and the airport. Additionally, 5% will be reserved for businessmen with functional industrial units in the Authority area. The land rate is set at Rs 36,260 per square meter, and plots, located in sectors 15-C, 18, and 24, will be allocated via a draw. The project launches shortly…

Latest StoriesResidential

Gujarat Property Registrations Fall to 1,610 in FY26

AHMEDABAD: According to data from GujRERA, Gujarat’s real estate sector saw new project registrations dip to 1,610, the lowest level since the pandemic-affected fiscal year 2021. Experts attribute this decline to a combination of market saturation from recent developments and a more cautious approach by developers, following nearly four years of robust post-pandemic demand. Ahmedabad accounted for 506 of these new registrations. The robust demand observed in urban centers, particularly as homebuyers sought upgraded lifestyles, has slowed. Since FY 2021, annual project registrations have consistently exceeded 1,700, but FY 2026 marked a decline of approximately 211 projects compared to the…

Latest StoriesResidential

Supreme Court revives stalled Supertech Supernova project in Noida

NEW DELHI: An Empowered Committee (EC) formed by the Supreme Court has initiated actions to revive the long-delayed Supernova Project in Noida. This includes measures such as a forensic audit, homebuyer verification drives, and plans to select a new developer for the esteemed mixed-use development. Established following a Supreme Court ruling on December 16, 2025, the Committee commenced its operations in the last week of December 2025 and has taken control of Supertech Realtors Pvt. Ltd., the corporate entity in question. The Supernova Project notably features the iconic Spira Tower, envisioned to be among the tallest buildings in India. Justice…

Latest StoriesResidential

Prayagraj Offers Tax Rebate Only for Resident Homeowners

PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) has announced that property tax exemptions will be available only to owners of self-occupied residential buildings occupied by their families. Properties that are rented out or generate income in any other way will not qualify for this exemption. PMC intends to begin verifying applications from eligible property owners within this month. According to PMC Chief Tax Assessment Officer Sanjay Mamgai, property tax exemptions have traditionally been available for self-occupied properties older than 20 years. Property owners must submit applications, followed by on-site inspections by municipal teams to verify claims. Mamgai noted that the municipality…

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MoU to Provide Energy-Efficient Appliances to 500K PMAY Homes in AP

VISAKHAPATNAM: Marking a significant milestone in energy efficiency under the Pradhan Mantri Awas Yojana (PMAY), the Andhra Pradesh State Housing Corporation Limited (APSHCL) has partnered with EESL and AP SEEDCO to create a tripartite MoU aimed at providing energy-efficient, star-rated appliances to five lakh beneficiaries during the first phase. The MoU was initially signed at India Energy Week (IEW) 2026 in Goa and was formally exchanged on Monday in Naidupeta, attended by Andhra Pradesh Chief Minister N Chandrababu Naidu, Housing Minister K Parthasarathy, and Municipal and Urban Development Minister K Narayana. Senior officials, including Special Chief Secretary (Housing) Ajay Jain,…

Latest StoriesResidential

Nashik Offers 8% Property Tax Rebate for April 2026 Payments

NASHIK: The Nashik Municipal Corporation (NMC) has introduced an 8% rebate for taxpayers who settle their annual property tax in one installment during April. This initiative aims to encourage prompt payments and enhance revenue collection. Civic officials noted that this incentive mirrors last year’s program, which offered rebates of 3%-8% in April and June. The earlier initiative helped the NMC garner over Rs 100 crore in property tax within the first three months of the 2025-26 fiscal year. Additionally, those who opt for online payment will receive a further 1% rebate, resulting in a total benefit of nearly 9% for…

Latest StoriesResidential

Property Rates Rising in 2,624 Indore Locations

INDORE: Starting Wednesday, property prices will increase in over 2,000 areas of Indore due to the implementation of new collector guideline rates for the 2026-27 financial year. Out of 4,590 surveyed locations, prices have risen in 2,624 areas, reflecting an average increase of 26% across the district. On Tuesday, the last day of the financial year, sub-registrar offices experienced a rush as residents hurried to register properties at the old rates. Despite banks being open to facilitate transactions, many advocates reported technical issues and ‘slot limits’ as late-night filings surged. Although the registration department’s revenue increased from the previous year,…

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Bengaluru Plans 4,200+ Flats, Focuses on Vertical Housing

Representative Image BENGALURU: The Bangalore Development Authority (BDA) is shifting its focus from large plotted layouts to apartment complexes, initiating six new housing projects that will offer 4,251 flats as part of its strategy to enhance residential infrastructure. These projects, amounting to ₹3,200 crore, are located in Konadasapura, Electronics City, Valagerahalli, Kalathammanahalli, and Kenchanapura, featuring unit types ranging from 1BHK to 4BHK. Current work includes essential infrastructure such as roads, drainage, and power supply. One of the most significant developments is the Konadasapura Phase 1 housing scheme in Bidarahalli hobli, which is set to include 1,928 flats – comprising 480…

Latest StoriesResidential

CM Rural Housing Scheme Benefits 19,000 in Gorakhpur

Representative Image GORAKHPUR: The Chief Minister Rural Housing Scheme is transforming the dream of homeownership into reality for countless underprivileged families in the Gorakhpur division. Launched under Chief Minister Yogi Adityanath’s guidance, the scheme provides crucial support for those excluded from the Pradhan Mantri Awas Yojana-Gramin due to technical barriers. According to officials, over 19,000 beneficiaries across four districts have been included in the state scheme, with more than 17,000 already moving into their pucca homes. The government has allocated approximately Rs 219 crore for this initiative so far. Additionally, the PMAY-G has also made significant strides, with nearly 1.99…