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

Delhi Mayor Urges Residents to Clear Property Tax Dues by March 31

New Delhi: Mayor Raja Iqbal Singh has encouraged property owners in the national capital to take advantage of the ‘Sumpattikar Niptaan Yojana’ (SUNIYO) 2025-26, a property tax amnesty scheme that has been extended until March 31. The mayor reported that over 1.8 lakh taxpayers have benefited from the initiative, generating Rs 1,089.97 crore in property tax as of March 1. Among this, Rs 211.44 crore came from more than 1.34 lakh residential properties, while Rs 878.52 crore was collected from 52,759 non-residential properties. Describing it as a “golden opportunity,” he urged eligible taxpayers to settle their pending dues without incurring…

Latest StoriesResidential

Ghaziabad body enlists brokers, marketing to sell 1,700 flats

Representative AI image GHAZIABAD: The Ghaziabad Development Authority (GDA) is set to engage brokers and form a marketing team to sell over 1,700 unsold residential units, according to an official announcement. “Currently, there are 1,748 residential units from at least five housing schemes that remain unsold, despite some interest in these 1, 2, and 3 BHK units, as well as mini Low Income Group (LIG) and LIG flats priced up to Rs 70 lakh each,” the official disclosed. This new strategy aims to secure over Rs 500 crore from these properties. Under this initiative, which mirrors tactics often used by…

Latest StoriesResidential

Sushmita Sen and Mom Lease Mumbai Apartment for ₹1.95 Lakh/月

Sure! Here’s a rewritten version of the content you provided: File Photo NEW DELHI: Sushmita Sen and her mother, Subhra Sen, have listed their apartment in Oberoi Exquisite, Goregaon, Mumbai, for rent at a starting price of ₹1.95 lakh per month. The apartment features a carpet area of 92.5 sq meters (996 sq ft) and a total area of 115.29 sq meters (1,241 sq ft). The agreement includes two parking spaces, with costs comprising a stamp duty of ₹18,900, registration fees of ₹1,000, and a security deposit of ₹6 lakh, as per property registration documents accessed on the Inspector General…

Latest StoriesResidential

Post-HC Setback, Ghaziabad Residents Want Political Fix for Taxes

GHAZIABAD: The Allahabad High Court recently upheld the Ghaziabad Municipal Corporation’s (GMC) decision to raise property taxes. Former councillors are now seeking political avenues to reverse this decision, while still considering a legal challenge. Rajendra Tyagi, a co-petitioner and former GMC councillor, mentioned they plan to approach the Supreme Court within the next 90 days to contest the ruling from February 25, although he expressed a preference for a political solution. “Going to the Supreme Court is a lengthy process. We prefer resolving it politically for the greater good,” Tyagi stated. The debate revolves around a new property tax structure…

Latest StoriesResidential

Wayanad Landslide Survivors Move to New Homes in Model Township

File Photo WAYANAD: The Kerala government provided a new beginning for 178 families affected by the Mundakkai-Chooralmala landslide by handing over new homes on Sunday. Chief Minister Pinarayi Vijayan inaugurated the initial phase of the Wayanad Model Township at Elton Estate, marking the end of a long displacement for families who had resided in temporary and rented accommodations. Vijayan presented the township, equipped with essential amenities, to the beneficiaries, highlighting it as a “testament to Kerala’s commitment to building back better”. During this first phase, homes were allocated to families whose residences were entirely destroyed in the July 30, 2024…

Latest StoriesResidential

Mumbai: BMC Seeks Property Tax Relief for 700 sq ft Homes

MUMBAI: Last Friday, the civic House passed a notice of motion (NoM) proposing to raise the property tax exemption limit for residential units from 500 sqft to 700 sqft. BMC officials emphasized that an NoM is not binding on the administration; the proposal will be reviewed by civic administration. It could be approved, altered, referred to committees, or simply acknowledged. Currently, approximately 3.6 lakh properties in Mumbai are exempt from property tax due to their carpet area being under 500 sqft. This policy was initiated in 2022 by BMC following a directive from the state government. Property tax serves as…

Latest StoriesResidential

Kerala CM to Hand Over Keys to 178 Houses on March 1

KOCHI: Chief Minister Pinarayi Vijayan will inaugurate the model township project aimed at rehabilitating survivors of the Mundakkai-Chooralmala landslides in Wayanad on Sunday. In the first phase, 178 families who completely lost their homes in the disaster will receive new houses. They will start moving into these homes near Kalpetta once the Chief Minister hands over the keys. The single-storey houses, covering an area of 1,000 sq. ft., have been designed with foundations that allow for a potential second floor in the future. Each house features a master bedroom, two additional rooms, a sit-out area, a living room, a study,…

Latest StoriesResidential

Prayagraj: New Fixed Fee System Eases Property Mutation Costs

PRAYAGRAJ: The Prayagraj Municipal Corporation has introduced a fixed-fee system for property mutation, providing significant relief to property owners by replacing the previous percentage-based charges. The new fee structure came into effect following its publication in the official gazette on Friday. Under this revised system, property owners will pay a consistent fee rather than 0.5% of the property’s total value. For properties valued at over Rs 50 lakh, the mutation fee is capped at Rs 10,000, significantly alleviating the financial burden on buyers. Municipal officials stated that this proposal was approved by the municipal corporation approximately seven months ago. The…

Latest StoriesResidential

Record Prices for Kukatpally Housing Board Plots and Flats

HYDERABAD: The auction conducted by the Telangana Housing Board for open plots in Kukatpally Housing Board (KPHB) on Friday witnessed an astonishing sale of land, with a square yard fetching a record price of ₹2.65 lakhs, surmounting the set upset price of ₹1.30 lakhs per square yard. A total of four open plots in Phases I and II of Dharma Reddy Colony, along with eight flats in Sampoornam Apartment, Phase-15 of KPHB, were auctioned. While the highest price per square yard reached ₹2.65 lakhs, another plot sold for ₹2.41 lakhs per square yard. In a similar vein, a flat in…

Latest StoriesResidential

AP CM vows housing for all poor by 2029

AMARAVATI: Andhra Pradesh Chief Minister N. Chandrababu Naidu announced on Friday that his government is committed to providing housing for all the poor by 2029. He plans to allocate housing plots for those without land. In his address to the Assembly, Naidu urged eligible beneficiaries who have yet to receive a house to apply. He assured that both the central and state governments would shoulder the responsibility of housing for all. “We are dedicated to constructing homes for all the poor by 2029 and providing housing plots to those who lack land,” Naidu stated, emphasizing the government’s goal to house…