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

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.…

Latest StoriesResidential

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…

Latest StoriesResidential

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…

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Central Park invests ₹2,000 crore in Dwarka Expressway project

NEW DELHI: Central Park is set to invest ₹2,000 crore in a new residential project named Delphine along the Dwarka Expressway. Funding will come from internal accruals and capital finance. The project will span 7.85 acres in Sector 104, Gurugram, and will be developed in three phases, with construction anticipated to start in 2026 and completion expected by 2032. The development will be managed in-house. The high-rise complex will feature six towers, including serviced studio and one-bedroom apartments, as well as 3BHK and 4BHK units. The company forecasts sales revenue of approximately ₹3,500 crore from this project. Pricing for studio…

Latest StoriesResidential

Delhi to Revamp Circle Rates for Market-Aligned Property Valuation

Sure! Here’s a rewritten version of the content: NEW DELHI: The Delhi government is preparing for a significant overhaul of circle rates, the first in over ten years, aimed at aligning property values with actual market rates. Key proposals under consideration include creating a new A+ category for ultra-premium areas of Lutyens’ Delhi, revising farmhouse valuations comprehensively, implementing location-based pricing, and establishing a review system to align rates with market shifts. A senior official indicated that stakeholders suggested the A+ category because various localities in Lutyens’ Delhi, where property prices significantly exceed the highest notified rates, currently fall under Category…

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Pune: PMRDA Targets Illegal Plotting in Purandar

Representative AI image PUNE: The Pune Metropolitan Region Development Authority (PMRDA) has ramped up efforts against illegal plotting in Purandar taluka, demolishing unauthorized layouts in three villages over the last two days. The demolition drive, which commenced on November 19, will extend into Monday, as informed by Joint Commissioner Dipti Suryawanshi-Patil to TOI. Following numerous complaints from buyers who were misled into buying plots without the necessary permissions, PMRDA recently conducted a survey across 15 villages in Purandar and uncovered several violations. Demolition activities took place in Deodi, Ambodi, and Kalewadi, where plots had been sold without non-agriculture (NA) permission…

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Mumbai’s Redevelopment Surge Drives Home Rents Soaring

MUMBAI: Contrary to expectations, the rental pressure in Mumbai remains high despite the ongoing redevelopment initiatives that began post-pandemic, with numerous new towers emerging to increase housing stock. In fact, the situation has worsened. As housing societies continue to sign redevelopment agreements, the actual availability of rental units has declined, causing rents to rise instead of stabilize. In Khar West, a housing society entered a development agreement two years ago, offering members alternative housing at a rate of Rs 140 per square foot per month. However, construction delays meant that members had to vacate recently, only to be faced with…