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

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…

Latest StoriesResidential

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…

Latest StoriesResidential

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…

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Andhra CM Aims for 17 Lakh Houses in Three Years

File Photo VIJAYAWADA: On Friday, Chief Minister N. Chandrababu Naidu announced an ambitious goal of completing 1.7 million houses within three years under the Housing for All initiative and urged officials to expedite the construction process. He proposed that mass housewarming ceremonies be organized every three months, commencing from Ugadi, with an objective of conducting 500,000 housewarmings quarterly. While reviewing the progress with TIDCO and Housing Department officials, Naidu reaffirmed the coalition government’s vow to fulfill its election promise of providing a house to every eligible family by 2029. “Since assuming power, we have initiated the construction of 2 million…

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All-Party Support for Housing Societies’ Land Policy Revamp

PUNE: Revenue Minister Chandrashekhar Bawankule has gained all-party consensus for a significant overhaul of the stalled redevelopment policy for housing societies on government land. The proposal will be submitted to the cabinet for final approval, following which a government resolution (GR) will be issued to implement the new framework, an official informed TOI on Friday. Once approved, the policy is expected to benefit approximately 3,000 housing societies on government land. Pravin Darekar, chairman of the Maharashtra Housing Cluster/Self-Redevelopment Authority, urged the state to establish a clear, time-sensitive process specifically for societies on government land. He highlighted that countless residents are…

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Homebuyers challenge Noida authority’s luxury tower approval

NOIDA: The Apartment Owners Association (AOA) of a Sector 107 condo has filed a petition with the Allahabad High Court against the developer’s proposal to construct an additional ultra-luxury residential tower in the complex. The petition contests a Noida Authority decision that approved an increase in the Floor Area Ratio (FAR), allowing the developer to build a 46-story tower with units priced starting at Rs 7 crore, despite objections from current residents. The residents argued that any additional FAR should be used to enhance existing facilities and communal areas, rather than for a new exclusive section within the complex. Great…

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Delhi to renovate 2,416 flats for the underprivileged

NEW DELHI: The Delhi government announced on Friday the approval for repair and renovation of 2,416 ready flats in Sawda Ghevra, instructing officials to expedite their allocation. During the 34th board meeting of the Delhi Urban Shelter Improvement Board (DUSIB), Chief Minister Rekha Gupta mandated that all renovation work is to be completed by January 15. “No budgetary constraints will be imposed on welfare schemes,” the CM emphasized. The board also approved renovation initiatives for flats at various locations, including Sultanpuri, Dwarka, and Bhalswa. This is part of the government’s initiative to repair about 50,000 unused EWS flats built over…

Latest StoriesResidential

Cidco Unveils 4,508 Tenements in Navi Mumbai—First Come, First Serve!

Representative AI image NAVI MUMBAI: On Friday, the City and Industrial Development Corporation (Cidco) announced a new housing scheme offering 4,508 ready-to-move-in flats across the Taloja, Dronagiri, Ghansoli, Kharghar, and Kalamboli nodes in Navi Mumbai, available on a first-come, first-served basis. Online registration begins on Saturday, November 22, at 4 PM. Those who successfully register by December 21 can choose their preferred tenement starting December 28. Of the available flats, 1,115 are designated for the Economically Weaker Section (EWS) under the Prime Minister Awas Yojna (PMAY), while 3,393 are for the Low Income Group (LIG). A subsidy of ₹2.5 lakh…

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PAC warns Punjab govt on Shivalik housing policy issues

BATHINDA: The Public Action Committee (PAC), Mattewara, has officially asked the Punjab chief secretary to stop the proposal for regularizing ‘low-impact housing/farmhouses’ in the Shivalik–Kandi region. They argue that the policy is legally unsound, lacks scientific justification, and may violate binding Supreme Court guidelines. PAC expressed concerns about the potential threat to some of Punjab’s most fragile landscapes, including areas designated under the Punjab Land Preservation Act (PLPA) and regions bordering the Sukhna Wildlife Sanctuary. The Shivalik system features unstable geology, steep slopes, and significant sediment movement, where even minimal construction could lead to slope instability. The ongoing case WP…