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

Arjun Sharma Acquires South Delhi Property for ₹125 Crore

Representative Image Arjun Sharma, co-founder of Delhi’s Select City Walk mall and now a non-executive director at Nexus Select Trust, has acquired an extensive bungalow in South Delhi’s West End for ₹125 crore, according to exclusive documents from the data analytics firm CRE Matrix. Sharma purchased the property through Select World Tours, where he serves as director. Documents indicate that Sharma has paid ₹8.75 crore in stamp duty for this transaction. “West End remains highly desirable as there are only about 100 bungalows, and sales are rare. The colony has A, B, and C sections, each with distinct plot sizes.…

Latest StoriesResidential

J Estates Expands into Senior Living Housing Sector

NEW DELHI: J Estates is venturing into the senior living housing sector as part of its diversification strategy. The company plans to launch three senior living projects in Gurugram, spanning over eight acres and totaling approximately 450 units. The anticipated gross development value (GDV) of these projects is ₹2,100 crore. According to the United Nations Population Fund (UNFPA), the senior population in India (aged 80 and above) is expected to grow by around 279% between 2022 and 2050. Published On Dec 24, 2025 at 05:00 PM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter for the…

Latest StoriesResidential

One Year Later: No GR on NA Tax Abolition; Housing Societies Seek Clarity

PUNE: Over a year after the state cabinet’s decision to eliminate the non-agricultural (NA) tax in urban regions, cooperative housing societies in Maharashtra still lack clarity due to the absence of an official government resolution (GR). The Maharashtra State Housing Federation has reached out to Chief Minister Devendra Fadnavis and Revenue Minister Chandrashekhar Bawankule, requesting a GR to clarify the situation and organize awareness initiatives for consistent implementation across the board. Without a formal notification, housing societies—particularly those outside gaothan areas—remain uncertain if they are still required to pay the tax, as indicated in their letter. In October 2024, the…

Latest StoriesResidential

Lucknow body waives back fees on vacant flats in old schemes

LUCKNOW: In a significant relief for homebuyers, the Lucknow Development Authority (LDA) has decided to waive three years of backdating maintenance charges for individuals purchasing vacant flats in older housing schemes. The LDA Board approved this decision, and official orders have been dispatched. Previously, the authority collected maintenance fees for the last three years from buyers during the registry or possession process, calculated from the initial registry date following construction completion, even if the flats were unsold and unoccupied. Buyers contested this, stating they should not be liable for payments during a time when they neither owned nor occupied the…

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Shapoorji Pallonji Enters Plotted Development Market

Representative AI image NEW DELHI: Shapoorji Pallonji Real Estate (SPRE) has ventured into the plotted development sector with its new project, Treetopia, which spans 105 acres in Pune. The project is expected to yield an estimated revenue of ₹600 crore, featuring 483 residential plots ranging from 2,000 to 6,000 sq ft. These N.A. plots will come with individual 7/12 certificates, allowing buyers to construct independent villas tailored to their preferences. Published On Dec 22, 2025 at 10:48 AM IST Join a community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox.…

Latest StoriesResidential

Fixed Fee for Transferring Common Areas in Odisha Flat Sales

BHUBANESWAR: To facilitate smoother sale deed registrations for apartments, the revenue and disaster management department has issued an important notification establishing a fixed fee for the transfer of common areas to the association of allottees under the Odisha Apartment (Ownership and Management) Act, 2023. Through this notification, amendments have been made to the Registration Act of 1908, introducing a fee of ₹20,000 for the transfer of common areas during the sale deed execution between the promoter and the association of allottees. Previously, the lack of a defined fee led to confusion and issues surrounding property registrations in the state. The…

Latest StoriesResidential

Mumbai’s Dadar Parsi Colony: Redevelopment Meets Timeless Charm

MUMBAI: In the 1920s, municipal corporator and civil engineer Muncherji Edulji Joshi envisioned a housing project for Parsi families in Dadar, aiming to create a model neighbourhood featuring two-storey buildings surrounded by gardens and open spaces. A century later, redevelopment has gradually infiltrated this lush residential area, known as Dadar Parsi Colony (DPC). Ironically, Joshi’s statue stands near a towering residential building behind it. The historic Daruwala House, a Parsi-only two-storey structure, was transformed into Nirvan Tower around a decade ago, while across the street, Dossal House was demolished to make way for the 21-storey Della Tower, designed by architect…

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Worli Residents Protest SRA’s Plan to Terminate Developer

MUMBAI: Residents of Worli’s Sagar Darshan and Chaitanya Sai Janata Colony SRA Housing Societies protested on Sunday against the Slum Rehabilitation Authority’s (SRA) decision to terminate the current developer. This decision comes just over a year after the issuance of a Letter of Intent (LoI) and amid attempts to appoint a new developer. According to slum tenants, the termination of the LoI granted to Chintaharni Chintpurni Realtors in October 2024 threatens the livelihoods of 2,500 families. Some residents warned that if the SRA proceeds with its plan, they would boycott the upcoming BMC elections. These two slum projects fall within…

Latest StoriesResidential

Property Tax to Increase for 5,000 Households in Patna

PATNA: The urban development and housing department (UDHD) has upgraded 19 main roads to the ‘principal main road’ (PMR) category, affecting over 5,000 households who will now face approximately 1.5 times higher residential property taxes. This significant change in property tax assessment for the Patna Municipal Corporation (PMC) comes after UDHD’s approval. The UDHD announced the upgrade of roads on May 19, leading to the PMC’s notification on December 2. A list of 112 newly classified roads has been released by the PMC. Of these, 43 roads are now designated as PMRs, and 69 are classified as main roads. Prominent…