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

Birla Estates and Arvind SmartSpaces Launch Mumbai Housing Projects

NEW DELHI: Birla Estates and Arvind SmartSpaces are entering Mumbai’s society redevelopment market with distinct residential projects in Khar West and Santacruz, as both companies aim to seize redevelopment opportunities in the city’s limited land market. Birla Estates (BEPL), a subsidiary of Aditya Birla Real Estate, is set to redevelop the Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, in collaboration with Parinee Real Estate Builders. The project encompasses a saleable area of approximately 2.9 lakh sq ft, with a projected revenue potential of around ₹1,700 crore, marking the company’s debut in Mumbai’s redevelopment sector.…

Latest StoriesResidential

No House Photo Needed for Property Tax: Mohali Mayor

MOHALI: In a significant development, Mayor Amarjit Singh Sidhu has announced that the Mohali Municipal Corporation (MC) will soon eliminate the requirement for residents to submit front and back photos of their houses when paying property tax. This decision follows concerns expressed by councillors. The issue was raised during a recent MC House meeting, where councillors noted that many residents were hesitant to pay property tax due to the photograph requirement. Some homeowners have made changes to their properties and are waiting for approval under the need-based changes policy. They worry that submitting photos could lead to violation notices from…

Latest StoriesResidential

Kolhapur Offers 80% Rebate on Property Tax and Water Penalties

KOLHAPUR: The Kolhapur Municipal Corporation (KMC) has announced an 80% rebate on penalties for property tax and late water bill fees, applicable to defaulters who settle all outstanding amounts, including the current bill, in one payment. This rebate scheme is effective from March 26 to 31, with all Citizen Facilitation Centers operating during holidays from March 28 to 31, 2026. The KMC confirmed that this rebate applies to both residential and non-residential properties for payments made between March 26 and 31, 2026, as per the resolution passed by the general body and directives from Mayor Rouparani Nikam, with the approval…

Latest StoriesResidential

Karnataka Plans Vertical Growth Ordinance for Apartment Residents

BENGALURU: In a significant move towards vertical growth, the government announced on Thursday its plan to implement the Karnataka Apartment Ownership and Management Act 2025 (KAOMA) and will soon issue an ordinance, a decision set to benefit numerous apartment residents. During a debate on urban development in the assembly, Deputy Chief Minister DK Shivakumar stated that the ordinance would follow discussions with stakeholders and legislators. BJP members, led by opposition leader R Ashoka, highlighted the long-standing demand among apartment residents for this legislation. Acknowledging this, Shivakumar remarked, “If it weren’t for a few clarifications, we would have already introduced the…

Latest StoriesResidential

Telangana to Reallocate 12,000 Vacant 2BHK Houses

HYDERABAD: Housing Minister Ponguleti Srinivas Reddy announced on Wednesday that the government is addressing the issue of vacant 2BHK housing units, especially those situated far from beneficiaries’ homes. Within the Greater Hyderabad Municipal Corporation (GHMC) limits, approximately 92,000 2BHK houses have been approved by the BRS government. Out of these, around 61,000 are completed, while 21,838 are still under construction. Before the 2023 assembly elections, the government allotted 23,500 houses, but 12,000 remain unoccupied, primarily in Hyderabad, Sangareddy, Medchal, and Rangareddy districts. During the assembly’s question hour, the minister revealed that notices had been sent to beneficiaries, instructing them to…

Latest StoriesResidential

Ludhiana: 1,500+ Compete for LIT’s Atal Apartment Scheme

LUDHIANA: The Ludhiana Improvement Trust (LIT) has seen strong interest from residents for the remaining 179 flats under the Atal Apartment Scheme. The draw is scheduled to take place around April 14, and officials have posted the final list of applicants on the LIT website. Some applicants, however, have been asked to submit pending documents. The LIT received approximately 1,539 applications for the remaining flats—973 from the middle-income group and 566 from the high-income group. Among these, the available flats include 43 high-income group and 136 middle-income group units. Applicants are optimistic that the construction will be completed on time,…

Latest StoriesResidential

Ghaziabad Residents Face 12% Penalty Fear Over Tax Dues

NOIDA: As the current financial year approaches its end, consumers are facing confusion regarding property tax obligations. Mayor Sunita Dayal claims the recent property tax hike has been reversed, while officials from the GMC assert that no such decision has been made. The mayor’s office insists that property taxes will return to their pre-April 1, 2025 levels. Meanwhile, consumers who have not settled their taxes are worried about facing a 12% penalty on their outstanding property tax dues after March 31. Raj Shekhar, a resident of Kavinagar, expressed frustration, stating, “This issue has been ongoing for a year. The mayor…

Latest StoriesResidential

One Lakh Houses to be Ready for Beneficiaries by March 31

HYDERABAD: Telangana Housing Minister P Srinivas Reddy announced on Wednesday that over 100,000 houses built under the Indiramma housing scheme will be distributed to beneficiaries by March 31, with an additional 100,000 to be completed by June. Responding to a query during the Legislative Assembly’s Question Hour, the minister revealed that the first phase saw the approval of 450,000 houses statewide, including 12,000 specifically for the Chenchu community and tribal residents under the Integrated Tribal Development Agency (ITDA). “By March 31, approximately 112,000 Indiramma houses are expected to be completed, with housewarming ceremonies planned. Under Chief Minister Revanth Reddy’s leadership,…

Latest StoriesResidential

50% Property Tax Discount for Women Owners in Pune

PUNE: Smaller property owners expecting tax concessions from the civic administration, as promised by political leaders, continue to wait. During the Pune Municipal Corporation (PMC) budget announcement, no general tax waiver for properties up to 500 square feet was mentioned, contrasting with the policies of the Brihanmumbai Municipal Corporation (BMC). The Bharatiya Janata Party (BJP) had included a tax waiver in its manifesto for the recent civic elections. However, the PMC has only offered a 50% discount for small properties, and this benefit applies exclusively to properties owned by women. Civic activists have deemed this announcement a betrayal of public…