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.

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Haryana Updates Allotment Rates for Affordable Housing Projects

CHANDIGARH: The Haryana Cabinet has approved an amendment to the Affordable Housing Policy-2013, increasing the allotment rates for apartment units in affordable group housing projects by 10-12%. During a meeting led by Chief Minister Nayab Singh Saini, the Cabinet authorized this amendment under section 9A of the Haryana Development and Regulation of Urban Areas Act, 1975, according to an official statement. The allotment rates for apartment units are specified in Clause 5(i) of the Affordable Housing Policy-2013. These rates were first established in 2013, with revisions in 2021 and 2023. The decision comes following requests from industry representatives, including the…

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Collector Rates Revised; Chandigarh Property Prices Up

CHANDIGARH: Starting from April 1, purchasing property in the city will become more expensive, particularly for residential options. The Chandigarh administration has raised collector rates across all categories, with the most significant increase occurring in the residential sector—up to 33% in plotted areas, up to 25% for housing board flats, and up to 15% for society flats. Last year, there was a nearly 130% increase in collector rates for sectors 1 to 12, 96% for sectors 14 to 37, and 80% for sectors beyond 38. In the previous revision in April 2021, rates for commercial properties were reduced by 10%,…

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ASK Property Fund Sells ₹650 Cr Stake in Mahagun Noida Project

NEW DELHI: ASK Property Fund has successfully exited its ₹650 crore investment in a residential project led by Mahagun Group in Noida, achieving an internal rate of return (IRR) of 21% and a 2.1x multiple, according to the company’s statement. The fund initially invested approximately ₹310 crore in 2021, supporting the project’s growth and providing structured capital for a saleable area of about 2.4 million square feet. Additionally, the fund has completed a full exit from its ₹1,500 crore debt fund launched in 2018, realizing an investment multiple of 1.83x. Published On Mar 24, 2026 at 02:59 PM IST Join…

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500+ Objects Aligned with Collector Guidelines for Indore Property

INDORE: The deadline for submitting objections to the proposed collector guideline rates in Indore closed on Saturday, with nearly 500 formal complaints submitted by residents, real estate experts, and legal professionals. The District Evaluation Committee had previously approved rate hikes ranging from 10% to an alarming 200% across 2,606 locations in the district. Senior district registrar Manjula Patel confirmed that objections were submitted through registration offices, email, and WhatsApp. These will be compiled and reviewed by the District Evaluation Committee before the final proposal is sent to the Central Evaluation Committee in Bhopal by March 24. Many objections point to…

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Supreme Universal to Invest ₹1,500 Crore in Pune Housing Project

NEW DELHI: Supreme Universal is set to invest approximately ₹1,500 crore in a residential project located in Pune’s Punawale area, which has a development potential exceeding three million sq ft. The project, developed under a joint development agreement with a landowner, will cover 12.6 acres and consist of over 2,200 apartments across multiple phases. The development, named Supreme Rivana, will offer 2BHK, 3BHK, and 4BHK units aimed at the mid-to-premium housing segment in West Pune. Construction will take place in phases, with the total investment covering all construction costs. Published On Mar 23, 2026 at 12:57 PM IST Join a…

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Affordable Flats for Urban Poor at 5 Locations: Odisha Minister

BHUBANESWAR: The state government is advancing five major affordable housing projects in Bhubaneswar, Cuttack, and Rourkela through a public-private partnership (PPP) model, as stated by Housing and Urban Development Minister Krushna Chandra Mahapatra in a written reply during the ongoing assembly session. The projects are being executed under Model IV of the Housing for All (Urban) policy, which allows private developers to construct housing units on 65% of the project land, while utilizing the remaining 35% for their commercial or residential use. According to the minister’s reply, the houses are being built in accordance with the Odisha Housing for All…

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Chandigarh Housing Board to Increase Charges for Resumed Properties

CHANDIGARH: The Chandigarh Housing Board (CHB) has announced a proposed increase of up to 7% in restoration charges for properties that have been resumed due to unpaid dues or building violations. Previously, these charges ranged from ₹1.50 lakh to ₹2 lakh based on the floor and category of the property. Under the new structure, the charges are set to rise by an additional ₹1 lakh to ₹3 lakh in many instances. Furthermore, the revised fees will be aligned with the current collector rates, which may significantly impact smaller or lower-category properties. CHB has indicated that the current restoration fees are…

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Kerala Housing Board to Rebuild Uninhabitable Chottanikkara Flat

KOCHI: The Kerala State Housing Board (KSHB) is set to reconstruct a flat built under the Saphalyam housing scheme in Chottanikkara, allocating ₹2.27 crore for the project. The existing flat has become uninhabitable due to significant structural issues that emerged within four years of its construction. KSHB officials, alongside panchayat authorities, assessed the flat before initiating plans for the new construction. The three-storeyed building was designed to house 24 families and was erected between 2015 and 2020 during the UDF local body administration. It was discovered that multiple organizations, including KSHB and the local body, failed to adequately oversee the…

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Delhi: Pay 25% Upfront for Provisional NOC on Homes

Sure! Here’s a revised version of the content: — NEW DELHI: The Delhi Jal Board (DJB) has approved significant reforms regarding infrastructure charge (IFC) payments, providing much-needed relief for property owners and developers in the capital. Individuals and agencies can now secure a provisional no objection certificate (NOC) by paying just 25% of the required infrastructure charges during the building plan approval phase. The remaining balance will be payable later, adjusted according to final applicable rates when a water connection is sanctioned. Officials believe this temporary arrangement will quickly revive thousands of stalled projects. Water Minister Parvesh Verma stated that…

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Paranjape Plans ₹700 Crore Investment in Pune Residential Projects

NEW DELHI: Paranjape Schemes Construction is set to invest approximately ₹700 crore in a series of residential projects located in Pune’s western corridor. The projects include five residential towers: two each at Sinhgad Road and Bhugaon, plus one at Hinjewadi Phase 1. This investment will cover construction costs and land acquisitions. Altogether, the developments will have a potential build-out of more than 1.75 million square feet, featuring around 1,400 residential units. The expected revenue from these launches is estimated at ₹1,175 crore. Amit Paranjape, the company’s business development head, stated, “In addition to our new launches, we are also in…