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

Ratan Tata’s Seychelles Beach Villa for Sale

Representative AI image MUMBAI: The beachfront villa of the late industrialist Ratan Tata in Seychelles is currently on the market. The former chairman of Tata Group left his property on Mahe, the largest island of the archipelago, to RNT Associates, his Singapore-based fund supporting Indian startups, as specified in his will. Valuators appointed by the will’s executors estimated the property at a modest Rs 85 lakh. According to sources, Aircel founder C. Sivasankaran and his family have expressed interest in acquiring the property for $6.2 million (approximately Rs 55 crore). When approached by TOI, Sivasankaran commented, “I don’t know what…

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Mumbai: Builder Demolishes Society Using Illegal Explosives

Representative AI image MUMBAI: A sense of panic gripped Sahyog Nagar in Andheri West on Thursday morning after allegations arose that the New Vikas Co-operative Housing Society was demolished without adhering to BMC guidelines. Residents reported that the developer allegedly used prohibited explosives, creating an explosion-like sound and a massive dust cloud that enveloped the neighborhood. According to local residents, the demolition occurred around noon on November 26, without any standard safety measures in place. They accused the developers of using banned explosives, posing a grave risk to the densely populated area. Parag Motani, a Shastri Nagar resident, was at…

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Dehradun: Kathbangla Residents Fight MDDA Eviction, Cite Safety

DEHRADUN: Residents of Kathbangla colony protested outside the Dehradun Municipal Corporation (DMC) office on Wednesday after the Mussoorie Dehradun Development Authority (MDDA) issued eviction notices to 116 families. They claim that the rehabilitation flats offered to them are unsafe, as they are located near the riverbed. Karishma, a domestic worker, expressed concerns stating, “The flats are closer to the river than my current home, which is far from it and has had an electricity connection since 2012.” Another protester, Maya Devi, criticized the condition and size of the rehabilitation building, saying, “It was in ruins for ten years, and after…

Latest StoriesResidential

Ashiana Housing to invest ₹750 crore in Gurugram project

Sure! Here’s a rewritten version of your content: NEW DELHI: Ashiana Housing is set to invest over ₹750 crore in its new residential project, Ashiana Aaroham, located in Sector 80, Gurugram. The funding for this project will come from internal accruals, support from the IFC, customer advances, and financing backed by ICICI Pru NCD. Covering an area of 10.8 acres, the land for this development is fully owned by Ashiana Housing, and it plans to construct 542 units across six towers. Phase 1 of the project will involve an investment of approximately ₹250 crore and will feature 182 units, with…

Latest StoriesResidential

Luxury Home Prices Surge 40% Since 2022 in Seven Cities

Representative image NEW DELHI: Luxury housing prices across India’s top seven cities have surged by an average of 40% since 2022, significantly outpacing other residential sectors due to persistent demand from high-net-worth individuals, as reported by Anarock Research. The average price for luxury homes (priced above ₹1.5 crore) rose from ₹14,530 per sq ft in 2022 to ₹20,300 per sq ft in 2025. The Delhi-NCR region experienced the highest increase, with prices jumping 72% from ₹13,450 per sq ft to ₹23,100 per sq ft. The Mumbai Metropolitan Region (MMR) and Bengaluru followed closely with increases of 43% and 42%, respectively.…

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Mussoorie Development Body Issues Eviction Notices to 116 Families

DEHRADUN: The Mussoorie Dehradun Development Authority (MDDA) has served eviction notices to 116 families residing in Kathbangla colony, alongside the Rispana river, instructing them to vacate within 15 days or face demolition. This decision has stirred outrage among the residents, who accuse the authorities of conducting a disorganized and unjust relocation process. A protest is planned by the affected families for Wednesday afternoon. The notices state that this action is in accordance with the National Green Tribunal’s (NGT) directives, which mandate the identification and removal of structures on river floodplains. The civic body has indicated that eligible families will be…

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Noida: NPCL Cuts Power to Housing Societies for Unpaid Dues

Sure! Here’s a rewritten version of the content you provided: Representative image NOIDA: The Noida Power Company Limited (NPCL) has ramped up its disconnection efforts this month to recover outstanding dues from residential societies and businesses in Greater Noida. Recently, power was cut at Himalaya Pride in Greater Noida West for eight hours—from 10:30 AM to 6:30 PM—over unpaid dues amounting to ₹37.3 lakh, including overdue payments dating back to October. Supply was restored after the society’s maintenance team paid the outstanding amount. This is just one of many recent disconnections in the area. NPCL also disconnected power at Mahagun…

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How Far Will Chandigarh Go to Ensure Affordable Housing?

CHANDIGARH: The urban planning department has proposed to raise the Floor Area Ratio (FAR) for the long-awaited housing scheme in Sector 53 from 1.5 to 2. This change is anticipated to enhance the usable space within flats, potentially lowering prices and providing relief to the many applicants eager for the project to commence. The recommendation was delivered last week following the department’s review of the Chandigarh Housing Board’s (CHB) request, which considered technical parameters and master plan standards. This decision came after a meeting led by Punjab governor and UT administrator Gulab Chand Kataria on September 11, where the issues…

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Embassy Developments to Unveil 6 Residential Projects in North Bengaluru

NEW DELHI: Embassy Developments is set to launch six new residential projects worth ₹10,300 crore in North Bengaluru by FY26. Aditya Virwani, the company’s Managing Director, stated, “With RERA approval for two projects, we are entering an exciting growth stage, confident in reaching our pre-sales target of around ₹5,000 crore for FY26.” Among the new developments are Embassy Greenshore and Embassy Verde Phase II, both part of the ambitious Embassy Springs integrated township. Embassy Greenshore will feature over 800 apartments in 2BHK, 3BHK, and 4BHK layouts. Additionally, the third project, spanning 10 acres in Hebbal, will include over 600 residences…

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Lucknow to Launch IT City Housing Project in January 2026

LUCKNOW: The LDA will commence its IT City project on Sultanpur Road in January, allowing land donors the first opportunity to choose plots via a lottery. This initiative will be integrated with forthcoming housing projects, such as Anantnagar, Naimaishnagar, Varun Vihar, and Education City. The IT City project, covering 2,660 acres, will utilize a land pooling model where donors will receive 25% of the developed land in exchange—a value the LDA claims surpasses standard compensation. Approximately 10,000 residential plots are being established, designed to accommodate nearly 100,000 residents once completed. Following the January lottery for land donors, the remaining plots…