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

Bengaluru PGs Face LPG Shortage, Tenants Opt for Work-from-Home

BENGALURU: A shortage of commercial LPG is impacting paying guest (PG) accommodations in the city’s eastern IT corridor, leading many residents to consider work-from-home options due to concerns about food availability. Numerous migrant professionals living in PGs report that limited meal offerings and uncertainty regarding cooking gas are making it challenging to maintain daily routines. Areas such as Whitefield, Marathahalli, and Ashwath Nagar—which accommodate hundreds of migrant workers in tech parks—are experiencing dwindling LPG supplies, prompting PG owners to cut back on meal services. The Whitefield PG Owners’ Welfare Association has notified residents that lunch services will be temporarily halted…

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Uttar Pradesh Introduces OTS Scheme for Property Defaulters

LUCKNOW: The housing development authorities in Uttar Pradesh are set to introduce a one-time settlement scheme aimed at allowing defaulters the opportunity to settle their debts. The cabinet has given the green light for this scheme, which is designed to stimulate the real estate market and recover overdue payments from buyers who owe money to organizations such as the Lucknow Development Authority and Kanpur Development Authority. This scheme will be applicable for settling debts that have accrued from the purchase of various types of properties, including residential, commercial, mixed-use, and institutional sectors. Currently, there are 18,982 pending default cases with…

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Pune’s Registration Dept. Considers Cleaning Tenant Agreements

Representative AI image PUNE: The state’s property registration department is considering implementing online leave-and-licence (tenant) agreements that can be processed at any sub-registrar office within a district, rather than limiting it to specific taluka offices. This initiative aims to reduce backlog and expedite approvals. According to officials, this system has been successfully implemented in districts like Mumbai and Thane. However, its introduction in Pune has faced delays due to the use of two disparate software systems in urban and rural offices. A registration department official stated, “There are requests to initiate this process in Pune once the software issues are…

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Ownership Verification Required Before Property Registration in UP

LUCKNOW: On Tuesday, the Cabinet made a significant decision regarding property sales registration, mandating the stamp and registration department to verify property ownership details prior to registration. Ravindra Jaiswal, the Minister of State (Independent) for Stamp and Registration, stated that new rules will soon be established to require verification of ‘khatauni’ (land records) and ownership documents before registration, aiming to eliminate fraudulent or contested land registrations. “We have encountered multiple instances where properties are sold by individuals who are not the legitimate owners, including prohibited or restricted properties, properties sold beyond legal ownership rights, and even those owned by the…

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Uttar Pradesh Cabinet Greenlights Affordable Housing Policy

LUCKNOW: On Tuesday, the state cabinet approved a new policy to implement affordable housing initiatives under the Pradhan Mantri Awas Yojana-Urban 2.0, including affordable housing in partnership (AHP) and affordable rental housing (ARH) components. The initiative aims to provide accessible housing for middle-income and economically weaker sections of society. Beneficiaries will receive financial aid of Rs 1.5 lakh from the Centre and Rs 1 lakh from the state government. Additionally, developers of approved projects will benefit from exemptions on land-use change charges, map approval fees, and external development fees. Beneficiaries will also enjoy reduced stamp duty rates. Under the ARH…

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Mumbai: Flats for Goregaon-Mulund Project PAPs by March End

Representative image MUMBAI: The construction of buildings for the rehabilitation of 252 project-affected persons in the Goregaon-Mulund Link Road (GMLR) project is nearing completion, with expectations to finish by the end of March, officials reported. The PAPs will be provided with compact 300-square-foot apartments featuring modern amenities at Kanjurmarg West. The civic body is currently constructing 906 apartments across seven buildings, covering approximately 10,050 square meters. Of these, two buildings are in the final stages of construction. The remaining apartments are expected to be completed on schedule for immediate handover to the project-affected persons. BMC Additional Commissioner Abhijit Bangar has…

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Lucknow: 549 Plots Assigned in LDA’s IT City Scheme

Representative AI image LUCKNOW: The Lucknow Development Authority (LDA) organized a lottery draw for the distribution of developed residential plots to farmers and landowners who contributed their land under the land pooling policy for the IT City project. The draw took place on Monday at the Mars auditorium in Indira Gandhi Pratishthan, where applicants were invited to participate, and it was also streamed live on YouTube. LDA vice-chairman Prathamesh Kumar announced that the scheme is being developed on approximately 3,490 acres along Sultanpur road. Only landowners who signed agreements with the LDA by January 31 were included in the lottery.…

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Goa: 6 Months Jail, ₹10K Fine for Missing Tenant Records

Representative AI image PANAJI: The Goa government has approved the Goa (Verification of Tenants) Rules, 2026, initiating tenant verification within the state. Under these regulations, property owners are required to verify their tenants’ identities by collecting and examining relevant documents. Failure to comply may lead to imprisonment for up to six months and a fine of up to Rs 10,000. Similarly, the Goa police are tasked with maintaining records of inspections conducted during tenant verifications. The Goa (Verification of Tenants) Act, 2024, which came into effect in December 2024, aims to regulate the occupancy of individuals in residential properties not…

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Jaipur: 2,000 Sanganer Residents March to Save Homes

File Photo JAIPUR: Residents Protest Over Housing Uncertainty Nearly 2,000 residents from 87 colonies in the Sanganer area gathered for a protest march on Sunday, voicing their concerns regarding the future of their homes. This demonstration temporarily disrupted traffic on Tonk Road for approximately four hours. Many of these families have lived in the colonies for years, having purchased plots through registered cooperative societies and constructed homes with bank loans. Essential services, including water supply, electricity, roads, and sewer lines, have been established in the area over time. However, the situation has changed as the land was later included in…

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Homebuyers in Bengaluru Face Legal Woes Over Illegal Mortgage

BENGALURU: The illegal or undisclosed mortgaging of land related to apartment projects is raising alarms in the city, putting homebuyers at risk of enduring legal battles and financial instability. One notable case on Anekal-Chandapura Road sees residents of a 384-flat complex struggling for ownership rights after the developer allegedly mortgaged the land and several units without informing the buyers. According to an advocate actively engaged in the matter, “Under property regulations, when apartments are sold, the land and common areas should be handed over to a cooperative society or an association of apartment owners. However, governance shortcomings and delays in…