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

Zomato Founder Purchases ₹52.3 Crore Apartment in Gurugram

NEW DELHI: Deepinder Goyal, the founder of Zomato, has purchased an expansive 11,000 sq ft apartment in Gurugram’s upscale DLF Camellias for Rs 52.3 crore, as reported by Zapkey. This purchase, made in August 2022 from DLF Ltd, has had its registration completed in March this year, according to the documentation reviewed by Zapkey. Goyal’s new residence boasts a super built-up area of 10,813 square feet and is located on Golf Course Road, DLF Phase-5. Market analysts estimate the current value of this property to be between Rs 125 crore and Rs 150 crore. Over the past three years, real…

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Lucknow: Anant Nagar Plan Registrations Start July 11

Representative image created by AI LUCKNOW: The LDA will commence registrations for 332 residential plots under its Anant Nagar Scheme on July 11. This is the second phase of the initiative, offering plots ranging from 112.5 to 450 square metres available for online applications. Allotment will be conducted through a transparent lottery system for registered applicants. The first phase saw participation from 13,000 individuals for 334 plots during April-May, with the lottery for those allotments held from June 10 to June 13 at the Indira Gandhi Pratishthan. The registration for this upcoming phase will be entirely online and open until…

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Over 13,200 Homes Approved for Chenchu Tribals in Telangana

Representative image created by AI HYDERABAD: The Indiramma housing scheme aims to provide not just shelter, but also dignity and security to impoverished and Chenchu tribal communities in Telangana, particularly benefiting women, who are the recipients of housing sanction letters, according to Revenue Minister Ponguleti Srinivas Reddy. During public meetings in the Atchampet and Kollapur assembly constituencies, where sanction letters were handed to 536 Chenchu tribal families, Ponguleti, along with Tourism Minister Jupally Krishna Rao, reaffirmed the government’s commitment to uplifting marginalized groups. He announced that a total of 13,266 Indiramma houses will be sanctioned to Chenchu tribals across the…

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300+ Defaulters Risk Losing Lucknow Development Flats

LUCKNOW: The Lucknow Development Authority (LDA) is set to cancel the allotments of 338 defaulters from various housing schemes due to their failure to pay the full amount for their flats. Some allottees have contributed as little as 40%. Final notices are being issued, followed by the revocation of these allotments. The vacated units will be offered for sale through a ‘first come, first served’ method and an e-auction. Preparations are also in progress to open registration for 72 under-construction EWS (Economically Weaker Section) flats in Dalibagh. Constructed at a cost of Rs 5.5 crore on a 2,314 sq metre…

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Delhi: DUSIB to Remove Encroachments, Build Housing for Slum Dwellers

NEW DELHI: The Delhi Urban Shelter Improvement Board (DUSIB) is exploring various strategies to provide housing for the city’s slum dwellers. To this end, they will conduct a survey of the land they oversee and detect any encroachments. In a recent meeting, the DUSIB CEO instructed officials to map jhuggi jhopri clusters located on the agency’s properties and determine the extent of encroachment by each cluster, along with the number of families residing there. DUSIB engineers have been directed to deliver the report as soon as possible. An official noted that the current government has issued stringent guidelines to all…

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Gurugram: ROF Alante Residents Protest Poor Infrastructure

GURUGRAM: Tensions rose in Sector 44 as residents of the ROF Alante Society in Sector 108 protested outside the builder’s office, with police present, demanding essential infrastructure and an investigation into the project’s approval on Saturday afternoon. The residents raised concerns about the builder receiving a license and occupancy certificate (OC) without proper road access to the site. “The project was developed under Haryana’s affordable housing scheme, yet the developer has not provided necessary infrastructure, including a permanent 24-meter access road,” said resident Shivani Thusoo. Protesters were reportedly stopped by security at the builder’s office. Police soon arrived and spoke…

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Chandigarh’s Housing Crisis: Running Out of Space and Time

Representative image created by AI CHANDIGARH: Once designed as a vibrant city of gardens and geometric elegance, Chandigarh now faces a significant challenge — a housing crisis. With only 600 acres remaining for residential development within a 28,170-acre master plan, the aspiration of homeownership in this architectural landmark is becoming increasingly unattainable. The last public housing scheme was initiated in 2016, and since then, the city’s skyline has remained relatively unchanged, despite its population having surged to over 1.3 million, nearly three times its planned capacity. Now, even the limited land available is being designated for government housing, with plans…

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2,000 Ashiana Flats in Panchkula to Get Makeover

Representative image created by AI PANCHKULA: The much-anticipated renovation of 2,072 Ashiana flats in Panchkula is finally commencing, offering hope to residents who have dealt with subpar living conditions for years. Originally constructed by HSVP to house below-poverty-line (BPL) families, the buildings have deteriorated over time, suffering from structural damage, crumbling walls, and overgrown parks and pathways. HSVP has allocated funding for the renovation, which the municipal corporation (MC) will supplement with external civic enhancements to rejuvenate the housing complexes. Two major renovation projects have been approved by HSVP. The first project, estimated at Rs 1.88 crore, will refurbish 960…

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Telangana to Sell Long-Vacant Rajiv Swagruha Flats for ₹1,000 Cr

Representative image created by AI HYDERABAD: With the real estate market in and around the city gaining momentum, the state government has put Rajiv Swagruha Corporation flats in Bandlaguda, Pocharam, and Gajularamaram townships up for sale, with expectations of raising over ₹1,000 crore. A total of 159 flats in Sahabhavana township (Bandlaguda), 601 in Sadbhavana township (Pocharam), and 418 flats in 9- to 14-storey towers—located in the Medchal-Malkajgiri district—are now available for purchase. Interested buyers must submit applications, and allotments will be decided by a draw scheduled for July 30, August 1, 2, and 20, if there are multiple bids…

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VMRDA Greenlights 50-Storey Towers in Visakhapatnam

AI-generated Representative Image VISAKHAPATNAM: The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has approved an ambitious residential apartment project in Visakhapatnam. This is a notable first for any urban development authority in Andhra Pradesh in recent years. VMRDA plans to develop a 4.07-acre site near Pebble Towers in Madhurawada, with a residential complex featuring six 50-storey towers. Pricing details have yet to be finalized. The project will include 3 BHK, 4 BHK, and 4 BHK duplex apartments, along with amenities such as a clubhouse, jogging and cycling tracks, a swimming pool with deck, a children’s play area, and more, comparable to…