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

Karnataka’s Tier-II Buyers Boost Duplex Apartment Demand

HUBBALLI: Duplex apartments, once regarded as a luxury exclusive to major metropolitan areas, are gaining ground in cities like Hubballi, Belagavi, and Kalaburagi. While Bengaluru has traditionally been the leader in this trend, other cities are now reshaping urban living through duplex homes. By 2026, numerous developers are committing to these constructions in response to increasing client demand. Reports indicate a steady rise in buyer interest, prompting a receptive response from the real estate sector. In capital cities, lucrative rental yields motivate this trend, whereas tier-2 cities are seeing a growing preference for duplex units primarily for personal use. Pradeep…

Latest StoriesResidential

Bhopal Buyers Race to Complete Registrations Before Rate Hike

BHOPAL: On March 31, registration offices at ISBT and Pari Bazaar experienced an overwhelming influx of buyers racing to complete property registrations before the new rates took effect. By late Tuesday evening, over 1,000 registrations were completed. Starting April 1, stamp duties saw steep increases of 50% or more in 104 locations, with certain areas witnessing escalations of up to 100%, 150%, and even 181%. The financial year’s final day saw registration offices bustling, despite occasional internet slowdowns. Over 1,000 documents were processed, yielding Rs 20 crore in revenue in just one day. The district exceeded its annual revenue target…

Latest StoriesResidential

Mumbai Property Registration Jumps 3% in March 2026

NEW DELHI: Property registrations in the Mumbai region rose by 3% in March, totaling 15,983 units—the highest figure recorded in the past 14 years, according to Knight Frank. This marks an increase from last year’s March, which saw 15,510 registrations. In a statement released on Tuesday, Knight Frank reported that the city of Mumbai (within BMC jurisdiction) recorded these transactions, which include both primary and secondary market sales. “This is the highest monthly registration volume for March in 14 years, exceeding the previous peak observed in March 2025, emphasizing the strength and resilience of the city’s residential market,” the report…

Latest StoriesResidential

Gurugram Residents Face 18% Interest on Unpaid Taxes Starting April 1

GURUGRAM: Residents are reminded to settle their outstanding property tax and water bills by Tuesday. Beginning April 1, any unpaid property tax will incur an annual interest rate of 18%, and overdue water bills will face an added surcharge. To accommodate last-minute payments, the Municipal Corporation of Gurugram (MCG) will keep all related offices open on Tuesday, despite it being a holiday, allowing residents to clear their outstanding dues. Officials noted that those who miss the deadline will be subjected to additional penalties. MCG Commissioner Pradeep Dahiya urged residents to pay on time to avoid additional financial burdens from interest…

Latest StoriesResidential

Malaika Arora Khan Rents Out Mumbai Apartment for ₹1.17 Crore

File photo NEW DELHI: Malaika Arora Khan has rented an apartment in the Vida building, Bandra West, Mumbai, starting at ₹3.10 lakh per month. The transaction was recorded with a stamp duty of ₹30,819, registration charges of ₹1,000, and a security deposit of ₹20 lakh, as per property registration documents reviewed by Square Yards from the Inspector General of Registration (IGR) website. The lease agreement was officially registered in March 2026. According to an analysis by Square Yards, the lease term is for 36 months. The initial monthly rent of ₹3.10 lakh is set for the first year, increasing by…

Latest StoriesResidential

Download Allotment Letters from Lucknow Development Website

LUCKNOW: The Lucknow Development Authority (LDA) is urging allottees to download their allotment letters from its official website and complete the necessary formalities within a three-month timeframe. Failure to do so will result in automatic cancellation of the allotment without prior notice. This directive was issued by LDA vice-chairperson Prathamesh Kumar. This initiative aims to enhance transparency in the allotment process and minimize procedural delays. Previously, allotment letters for residential and commercial properties allocated through various schemes, including lotteries, e-auctions, and first-come-first-served methods, were sent via registered post. Officials noted that delays often compelled allottees to visit LDA offices for…

Latest StoriesResidential

Thane: 11 Cheated in Fake Housing Scheme; Credentials Misused

THANE: In Maharashtra’s Thane district, fraudsters reportedly deceived 11 residents by enticing them with low-cost housing options under a government scheme. They allegedly forged credentials to open bank accounts for larger financial transactions, according to police reports released on Monday. A 54-year-old woman from Ulhasnagar, who filed the complaint, claimed that the suspects built her trust by offering a house at a discounted price under the Maharashtra Housing and Area Development Authority (MHADA) scheme. The perpetrators attracted victims by presenting MHADA flats at economical rates and collected funds over the past two years. They misappropriated personal information to acquire SIM…

Latest StoriesResidential

Chhattisgarh Tops in Rural Housing with 600,000 Homes Built FY26

RAIPUR: Chhattisgarh has achieved a remarkable milestone in rural housing by constructing over six lakh houses in the financial year 2025-26, the highest in India, announced a state government official on Monday. This accomplishment highlights a strategic emphasis on efficient delivery, with well-coordinated schemes ensuring housing support reaches eligible families promptly. Thanks to the leadership of Chief Minister Vishnu Deo Sai and Deputy Chief Minister Vijay Sharma, progress has been accelerated by the effective implementation of the Pradhan Mantri Awas Yojana-Gramin (PMAY-G), PM JANMAN Yojana, and Mukhyamantri Awas Yojana. These strategic alignments have expedited project execution and broadened coverage. “In…

Latest StoriesResidential

Lulu Group buys Sunder Nagar bungalow in Delhi for ₹89.5 crore

NEW DELHI: Fair Exports (India) Pvt Ltd, a subsidiary of Lulu Group International and exporter of meat, fruits, and vegetables, has purchased a bungalow in Delhi’s Sunder Nagar for Rs 89.5 crore, according to official documents. Najimudeen Ebrahimkutty, Chief Executive Officer (CEO) of Fair Exports, was involved in the transaction. The company also paid Rs 6.26 crore in stamp duty for this deal. “The seller, Kuldeep Singh Lamba, is currently living abroad, which delayed the documentation process. Lulu Group has been searching for residential property in Lutyens Delhi for quite some time,” shared a source familiar with the transaction. Sunder…

Latest StoriesResidential

Crisil: FY27 Housing Sales Growth to Slow to 4-6% Amid High Prices

NEW DELHI: Crisil Ratings predicts that residential real estate sales growth will moderate to 4–6% in FY27, following a robust post-pandemic surge, as rising property prices affect demand. After achieving a compound annual growth rate of 26% in sales value from FY22 to FY25, growth is projected to slow to 5-7% for FY26. Gautam Shahi, director at Crisil, remarked, “The ongoing rise in housing prices is likely to lead to stagnant demand growth of 0–2% in FY27, despite supply continuing to outpace demand.” Inventory levels are anticipated to increase to 3.2–3.4 years in FY27, compared to under three years in…