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

Rental Scheme: Dodgy Agreements Uncover Tax Evasion Plot

BENGALURU: A property management company is under scrutiny for allegedly using dual agreements to facilitate hidden deposits, unpaid rents, and questionable HRA claims, ensnaring property owners and sub-tenants. Residents of Bengaluru have long been aware of the risks posed by unscrupulous tenants and property management firms that exploit unsuspecting landlords. Recent revelations expose another scam that appears to defraud the government by misrepresenting claims for house rent allowance (HRA) exemptions. A homeowner who wishes to remain anonymous shared their experience with Catena Homes, stating, “I only received rent for a few months after entering an agreement with them. When I…

Latest StoriesResidential

Buffer Zone Dispute Leaves Bengaluru Site Owners in Limbo

Here’s a rewritten version of the content: BENGALURU: Over 1,500 families who purchased plots in the Banashankari 6th Stage layout, developed by the Bangalore Development Authority (BDA), are stuck in limbo for years. A sudden claim by the forest department regarding forest land has halted construction and sales, leaving many unable to develop their properties despite holding valid allotments, tax receipts, and long-standing ownership documents. Established in 2001, Banashankari 6th Stage consists of over 20,500 plots across 14 blocks. The current contention focuses on the 3rd, 4th, and 5th blocks, where the forest department has imposed construction restrictions, asserting that…

Latest StoriesResidential

Registration Opens for LIG & EWS Flats in Ghaziabad

GHAZIABAD: The Ghaziabad Development Authority (GDA) has launched an online service aimed at facilitating the registration process for low-income group (LIG) and economically weaker section (EWS) housing. Private developers can submit the required details online from December 15 until January 15, 2025. A GDA official mentioned that a six-member committee has been established to address delays in the construction and allotment of units under these schemes. To date, one developer has successfully registered 1,493 units under both the EWS and PMAY schemes using the online service. “We anticipate that more developers will come forward to utilize this service. Those who…

Latest StoriesResidential

Telangana to Sell, Regularize Small Housing Board Plots

Representative Image HYDERABAD: The Telangana government is taking steps to resolve longstanding land and revenue issues by selling small plots of housing board land and regularizing additional land owned by homeowners, while also tightening regulations on leases and rentals to safeguard public assets. During a review meeting on housing department matters, Housing Minister Ponguleti Srinivas Reddy instructed officials to prepare a detailed report concerning the sale of housing board land measuring up to 100 square yards adjacent to existing housing board houses. The proposal also aims to regularize previously allotted additional land. Officials are to gather data on current market…

Latest StoriesResidential

YEIDA Raises LIG Housing Minimum Plot Size to 40 Sq Meters

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has raised the minimum plot size for its housing scheme aimed at the informal sector and lower-income groups from 30 sqm to 40 sqm. This adjustment, stemming from an internal survey of an earlier proposal approved by the board in June, is designed to offer over 3,800 residential plots in sectors 17, 18, and 20. Officials indicated that the survey determined that 30 sqm plots were impractical according to current building regulations and construction practices in the area. Smaller plot sizes would inhibit safe vertical development and functional layouts. In…

Latest StoriesResidential

MTNL board okays ₹350.72 crore sale of BKC block to Nabard

Representative AI image NEW DELHI: The board of Mahanagar Telephone Nigam Ltd (MTNL), a state-run entity, has sanctioned the sale of its residential property block in Bandra Kurla Complex (BKC), Mumbai, to NABARD for ₹350.72 crore through a government-to-government direct sale, as stated in a BSE filing on Monday. The National Bank for Agriculture and Rural Development (NABARD) will cover the stamp duty, registration fees, and any associated charges, while MTNL will be responsible for any dues prior to the transfer and the NLMC (National Land Monetisation Corporation) fee outlined in a letter of undertaking dated June 29, 2025. MTNL’s…

Latest StoriesResidential

AAI Radar Relocation to Free Land for Affordable Housing in Dahisar

MUMBAI: The Airports Authority of India (AAI) will relocate its high-frequency radar from Dahisar to Gorai, freeing up hundreds of acres for affordable housing projects, announced Civil Aviation Minister K. Rammohan Naidu on Sunday. This decision follows a meeting involving the Civil Aviation Ministry, the Maharashtra government, and various stakeholders. During a virtual meeting, Naidu stated that the ministry will seek cabinet approval for the relocation to expedite the start of construction on these housing projects. Current radar installations in Dahisar and Juhu limit building heights. On Saturday, Maharashtra Chief Minister Devendra Fadnavis revealed in the legislative assembly that the…

Latest StoriesResidential

Gurugram homebuyers protest delays, demand probe into issues

GURUGRAM: Hundreds of homebuyers associated with the Capital Gateway housing project in Sector 111, located along the Dwarka Expressway, staged a protest at the site on Sunday. They voiced concerns over significant delays, regulatory shortcomings, and inadequate oversight from authorities. The demonstrators, representing the Capital Gateway Home Buyers Welfare Association (CGHBWA), which comprises over 200 allottees, have called on the Haryana Real Estate Regulatory Authority (HRERA) to reassess the project approvals, conduct timely hearings, and enforce compliance with the Real Estate (Regulation and Development) Act. They vowed to maintain peaceful protests until they receive clarity on project completion timelines and…

Latest StoriesResidential

Mumbai civic body holds lottery for 426 houses

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) held an online draw on Saturday for 426 houses allocated under the Development Control and Promotion Regulations 2034. According to a release from the BMC, the draw took place at the corporation’s headquarters in south Mumbai, resulting in 373 successful applicants, while 362 others were placed on a waiting list. Successful applicants will receive notifications via email, followed by letters with detailed instructions for document verification. The civic body also announced plans to conduct a lottery for an additional 296 residential units in various locations within BMC’s jurisdiction under the same regulations. Published On…

Latest StoriesResidential

AIPL to invest ₹987.25 crore in Dwarka Expressway project

NEW DELHI: AIPL, based in Gurugram, is set to invest ₹987.25 crore in the development of its residential project, Riviera, at AIPL LakeCity in Sector 103 along the Dwarka Expressway. As per the company’s filing with the Haryana RERA website, the project’s total estimated cost is ₹987.25 crore, which includes ₹183.72 crore for land acquisition and ₹456.54 crore for construction. Spanning 5.14 acres, Phase I of the project is projected to generate revenues of ₹1,500 crore. It will consist of two high-rise towers, each 43 floors tall, featuring 3 and 4 BHK units. The company has appointed Morphogenesis as the…