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

Pune property registrations drop 17% in January 2026: Knight Frank

Sure! Here’s a rewritten version of the content: PUNE: In January 2026, Pune saw 14,527 property registrations, yielding ₹609 crore in stamp duty, according to a Knight Frank India report. Although registrations dipped by 17% year-on-year compared to January 2025, stamp duty collections experienced a slower decline of 5%, indicating sustained activity in higher-value transactions. On a month-to-month basis, the city rebounded from the year-end dip, with registrations increasing by 20% and stamp duty collections rising by 37% compared to December 2025, the report highlighted. Properties priced below ₹1 crore remained prevalent, though their market share edged down to 82%…

Latest StoriesResidential

Home Sizes Up 17% in Two Years Across Seven Major Cities

NEW DELHI: The average size of apartments in India’s top seven cities has increased by 17% over the past two years, highlighting a shift towards larger units and a growing premium housing market, according to Anarock Research. The report indicates that the average flat size rose from 1,420 sq ft in 2023 to approximately 1,676 sq ft in 2025. The National Capital Region (NCR) topped the list with a steep increase of 30%, with average unit sizes growing from about 1,890 sq ft in 2023 to around 2,466 sq ft in 2025, driven by a notable rise in luxury offerings.…

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Vastrapur Societies to Offer Land for Road Widening, Taller Buildings

Representative AI image AHMEDABAD: Various societies in Vastrapur village have opted to relinquish portions of their land for road widening, in return for accelerated redevelopment that includes taller buildings. According to the state’s comprehensive general development control regulations, the height of new constructions in urban areas is dictated by the width of surrounding roads. As a result, redevelopment efforts for societies situated on narrow roads in Ahmedabad, such as those in Vastrapur, have been stalled. Currently, road widths in Vastrapur village measure 7, 7.5, and 9 metres. As the redevelopment of older societies has stalled, traffic congestion has escalated. However,…

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Illegal PG in Ahmedabad’s Science City LIG Housing Sealed

AHMEDABAD: On Tuesday evening, authorities took action to close an illegal paying guest facility operating within the Ahmedabad Municipal Corporation (AMC’s) LIG residential scheme in the Science City area, specifically the Gota ward. The Everest Enclave project, part of the Pradhan Mantri Awas Yojana, consists of six blocks and 336 houses. Based on complaints, the AMC’s vigilance team (estate/TDO) executed a surprise raid, discovering that House No. 305 in Block 2 and House No. 105 in Block 5 were being rented out as paying guest accommodations. The inspection revealed that House No. 105 was functioning as a PG facility, while…

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Kochi: Delay in Allocating Apartment Units in Rajiv Awas Yojana

KOCHI: The allocation of apartment units for beneficiaries in the Rajiv Awas Yojana (RAY) housing complex is facing further delays. Corporation authorities have announced that the trial run for the facility’s sewage treatment plant will take place on March 10. Selection procedures for beneficiaries are still ongoing. Mayor V K Minimol stated during a corporation council meeting on Tuesday that only 211 beneficiaries have submitted complete documentation, and the allotment process has been finalized for 198 of them. The total number of beneficiaries listed by the corporation is 398. Additionally, beneficiaries are required to contribute their share; this funding, along…

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DDA Ends Parking Fees in Housing Scheme Flat Prices

NEW DELHI: The Delhi Development Authority (DDA) has announced the elimination of parking charges, including those for covered parking, from the total cost of flats in its current housing schemes, providing relief to homebuyers. This change is anticipated to reduce flat prices by ₹5 lakh to ₹12 lakh. Homebuyers will notice immediate price drops for the MIG and HIG flats across four schemes: DDA Karmayogi Awas Yojana 2025 (First-Come First-Serve), DDA Towering Heights Karkardooma Housing Scheme 2025 (E-Auction), DDA Nagrik Awas Yojana 2026 (First-Come First-Serve), and DDA Towering Heights Karkardooma Housing Scheme 2026 (First-Come First-Serve). According to the new directive,…

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New Penalties Replace 10% Levy on Vacant Bengaluru Sites

BENGALURU: The Bangalore Development Authority (BDA) has updated the penalty for owners who do not construct houses within the specified five-year period under lease-cum-sale agreements. Instead of the previous flat rate of 10%, introduced in September 2024, a new tiered penalty system ranging from 2.5% to 10% will be applied based on the size of the site. This change comes in response to feedback from site allottees, who argued that the uniform 10% penalty of the current guidance value for vacant sites was excessive and did not consider the diverse dimensions of sites or individual financial situations. Following these concerns,…

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PMAY Houses in Bihar for 1.04 Crore: Rural Minister

PATNA: On Tuesday, Rural Development Department (RDD) Minister Shrawan Kumar presented to the state assembly that the construction of pucca houses under the Pradhan Mantri Awas Yojana (PMAY) is slated for 1.04 crore families identified through a survey, pending approval from the Centre. “The list of the 1.04 crore families eligible for pucca houses under PMAY has been sent to the Centre, and we are currently awaiting their clearance,” Kumar stated, noting that 20 lakh families have already applied online for housing under PMAY. Kumar responded to the government’s appeal for a grant of Rs 23,701.17 crore for the RDD…

Latest StoriesResidential

Gurugram: Two farmhouses on 26 acres in Aravalis demolished

Representative AI image GURUGRAM: On Monday, the forest department took action against unauthorized construction in the protected Aravali region by demolishing a concrete wall and two farmhouses in the Raisina hill area. The affected land covers approximately 26 acres, where inspections revealed the illegal use of earthmovers and extensive concretization. Divisional Forest Officer (Gurgaon) Raj Kumar stated the action was warranted after confirming the resumption of construction activities in violation of environmental regulations. An earthmover was deployed to remove the concrete structures along a narrow forest path, leaving debris scattered across the hillside. This region falls under the Aravali Notification…