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

Property Registrations Fall Amid Rising Land Prices in Haveri

HAVERI: The Haveri sub-registrar’s office has witnessed a significant drop in property registrations over the last eight months due to skyrocketing land prices and an increase in private layouts. Registrations, which once averaged around 2,000 monthly, fell to 1,023 in April, 875 in October, and only 469 so far in December, according to sub-registrar Sanjeev Kapali. The ongoing decline reflects buyer reluctance stemming from rising prices and insufficient affordable options, despite private developers continually launching new layouts on the outskirts of the city. Between April and November, stamp duty and registration fees reached over Rs 17.2 crore. The situation has…

Latest StoriesResidential

Union Minister Launches Smart City Housing Project

PUDUCHERRY: Union Minister of State for Home Affairs, Nityanand Rai, inaugurated a multi-storied tenement under the Puducherry Smart City Mission on Saturday. Located in Chinnayapuram hamlet, these tenements provide affordable housing for the economically disadvantaged. The initiative benefited 220 sanitary workers who previously resided in deteriorated buildings, according to an official release. The event was attended by Lt Governor K Kailashnathan, Chief Minister N Rangasamy, PWD Minister K Lakshminarayanan, Puducherry Assembly Speaker R Selvam, Home Minister A Namassivayam, and BJP local president V P Ramalingam. The tenements consist of six blocks, equipped with essential infrastructure including internal roads, drinking water…

Latest StoriesResidential

Odisha Minister Delivers PMAY-U Work Orders in Sambalpur

SAMBALPUR: On Friday, Union Education Minister Dharmendra Pradhan issued work orders under the Pradhan Mantri Awas Yojana (Urban) and distributed welfare scheme benefits at an event in Sambalpur district. He announced that 855 urban poor families would receive work orders totaling Rs 2.5 lakh each under PMAY (Urban) to build safe and quality homes, marking a significant step towards inclusive urban development. During the event at Gangadhar Meher University auditorium, benefits of the Madhu Babu Pension Yojana were also distributed. Attendees included Rural Development, Panchayati Raj, and Drinking Water Minister Rabi Narayan Naik, Sambalpur MLA Jayanarayan Mishra, District Collector Siddheshwar…

Latest StoriesResidential

2025 Housing Sales Dip 14%, Values Up 6%: Anarock Report

NEW DELHI: Housing sales in India’s top seven cities fell by 14% year-on-year in 2025, totaling approximately 396,000 units. This decline has been attributed to rising prices, economic uncertainty, and layoffs in the IT sector, as per Anarock Research. Nevertheless, the total sales value of homes increased by 6% to over ₹6 lakh crore, indicating ongoing demand for higher-end properties. In comparison, around 460,000 units valued at nearly ₹5.68 lakh crore were sold in 2024. The Mumbai Metropolitan Region (MMR) led sales with approximately 128,000 units in 2025, despite an 18% decline from the previous year. Pune followed closely with…

Latest StoriesResidential

KHB Seeks Applications for New Residential Layout in Chamarajanagar

MYSURU: The Karnataka Housing Board (KHB) is set to develop a new residential layout in Chamarajanagar, adding to the three existing layouts in the city. The KHB is currently conducting a demand survey to identify land for this new initiative, aimed at catering to the increasing housing needs in the area. The existing layouts, including sites and houses, have been successfully allocated at the Old Housing Board Colony near Ramasamudra and another location close to Dr. BR Ambedkar Stadium. Now, it is moving ahead to establish its fourth layout through a public-private partnership near Uttuvalli in Kasaba Hobli, having signed…

Latest StoriesResidential

Govt to Launch SWAMIH-2 Fund for 1 Lakh Stalled Homes

NEW DELHI: The government is in the final stages of shaping the SWAMIH-2 Fund, aimed at providing last-mile financing for the completion of delayed housing projects, according to sources. The introduction of the ₹15,000-crore fund is expected to benefit nearly 100,000 middle-class homebuyers whose investments are in limbo despite ongoing EMI payments on their housing loans. To support this initiative, the government has set aside ₹1,500 crore as seed capital for the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund in the 2025-26 budget. The mandates for the new fund are currently being finalized, with clearance anticipated soon. It…

Latest StoriesResidential

Bengaluru Residents Face Power Cuts Due to Vacant Flats’ Dues

BENGALURU: Residents of a high-rise apartment complex on Bannerghatta Road experienced a day-long power outage due to a dispute between the builder and the Bangalore Electricity Supply Company (Bescom). On Wednesday, Bescom disconnected the electricity for the apartment complex over unpaid dues totaling Rs 2 lakh. Residents of Disha Loharuka Solaris in Gottigere shared their concerns on social media, stating the power was cut because of unpaid dues from 30 empty flats, affecting all 150 households in the building. One resident, Binay Biswal, criticized Bescom for the blanket disconnection, suggesting that they should only cut power to the flats that…

Latest StoriesResidential

Developers Embrace Integrated Living as Homebuyers Seek Convenience

Representative image NEW DELHI: Luxury home developers are increasingly integrating high-street retail into residential projects as buyers seek convenience and lifestyle amenities in their living spaces. Builders such as DLF, Hero Realty, M3M, Tribeca, and Central Park are incorporating boutique retail ventures into their developments. According to a JLL study, mixed-use townships account for 35% of residential absorption in major cities by creating a blend of living, retail, office, and entertainment spaces. “Walkable, high-street retail has become an emblem of modern living in Gurugram, but such integrated urban experiences have been rare in New Delhi. Our upcoming high-street retail project…

Latest StoriesResidential

Dehradun: Rispana Bank Residents Seek EWS Flats Amid Demolition

DEHRADUN: Residents of Kathbangla colony near the Rispana riverbank are living in fear of their homes being demolished as they await the EWS flats promised by the Dehradun Municipal Corporation. On November 21, the Mussoorie Dehradun Development Authority (MDDA) served eviction notices to 116 families, instructing them to vacate their homes within 15 days or face demolition. This action is in response to a National Green Tribunal (NGT) ruling prohibiting encroachments on river floodplains. More than a month has passed since the notices were issued, and relocation has yet to occur, leaving residents anxious about the threat of sudden demolition.…

Latest StoriesResidential

Stamp Duty Relief for Homebuyers in Tamil Nadu

CHENNAI: Homebuyers in Tamil Nadu purchasing first-sale apartments and villas will benefit from new regulations allowing them to use stamp duty and registration fees previously paid on construction agreements (made before December 1, 2023) as a set-off against the composite value of land and buildings during sale deed registration. According to the new directive, buyers registering composite sale deeds for first sales of apartments, villas, or similar properties can deduct the fees paid on earlier construction agreements for the identical structure. This applies to sales registered from December 1, 2023, onward, provided the construction agreements were registered before November 30,…