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

Bhubaneswar: 100 Flats Delivered in Shantipalli Awas Phase 3

File Photo BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) and the Bhubaneswar Development Authority (BDA) have successfully allocated over 100 additional units at the Shantipalli Awas Yojana to beneficiaries, enhancing quality living conditions. This marks the third allotment phase of the Shantipalli Awas Yojana, also known as Keshari Residency at Satya Nagar. This initiative is part of three affordable housing projects under the PM Awas Yojana in Bhubaneswar. Construction is ongoing for the other two projects, Ekamra Residency and Barunei Enclave, located at Buddha Vihar and Subuddhipur, respectively. With this latest round, the total beneficiaries who have received homes in the…

Latest StoriesResidential

Special Camp for Lucknow Property Registration: Nov 3-15

LUCKNOW: Property owners waiting for the formal registration of their properties from the Lucknow Development Authority (LDA) will soon have the opportunity to complete the process at a dedicated ‘single-window’ camp. This initiative, lasting 13 days, aims to address the substantial backlog of pending registrations for numerous residential and commercial properties. The camp will take place from November 3 to 15 at the committee hall of the LDA building, as per the directive of LDA Vice-Chairman Prathmesh Kumar. According to LDA Secretary Vivek Srivastava, this effort is a collaboration between the LDA and the registry department. For the first ten…

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Bhubaneswar: BDA Orders Defaulting Homeowners to Pay Fees

BHUBANESWAR: To protect the interests of allottees of a major housing project in the city, the Bhubaneswar Development Authority (BDA) has reaffirmed its earlier decision, requiring occupants with outstanding monthly maintenance fees to settle dues exceeding Rs 2 lakh within a month. Some occupants have refused to pay these fees, arguing that the project is still under the builder’s control and has not been fully handed over to the association, claiming that there is no registered association of allottees per legal requirements. Nevertheless, the project located in Sijua, Patrapada, was among the first to receive its occupancy certificate and established…

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Builders Target Linking Road Societies, Offering Up to ₹1L/Sq Ft

MUMBAI: Marketed as Mumbai’s equivalent to London’s Oxford Street and Manhattan’s Fifth Avenue, Linking Road has become a hotspot for builders eager to acquire entire housing societies, making jaw-dropping offers that are shaking up the real estate landscape. The mantra seems to be “Take the money and move on,” with most families readily accepting these lucrative deals. Take Brindaban Society on Linking Road in Santacruz West, for example. Developer Mohit Kamboj from Aspect Realty, known for his ties to the BJP and CM Devendra Fadnavis, has spent approximately Rs 170 crore to buy all 14 apartments in the Brindaban. “This…

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Mumbai property registrations fall 14% to 11,200 in October 2025

NEW DELHI: Mumbai city (BMC jurisdiction) is projected to see approximately 11,200 property registrations in October 2025, with stamp duty collections reaching ₹1,004 crore. This represents a 14% decline in registrations year-on-year and a 17% drop in revenue collections. Comparing month-over-month data, registrations decreased by 7%, and stamp duty collections saw a 22% decline. Residential transactions accounted for about 80% of all registrations during the month. Prashant Sharma, president of NAREDCO Maharashtra, commented, “The slight decline in registrations this October should be viewed as a temporary adjustment, not a cause for concern. We anticipate that with supportive government initiatives and…

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Stilt-Four Project Tackles Urban Sprawl Amid Ludhiana Concerns

LUDHIANA: The Punjab government’s decision to significantly revamp its urban planning laws—permitting the construction of stilt-plus-four-floor buildings to curb sprawling development and enhance housing availability—has elicited varied responses, though industry leaders generally express approval for the increased flexibility. The Chief Minister, Bhagwant Mann, introduced the Punjab Unified Building Rules 2025, a reform that developers view as a vital advancement towards vertical development and more effective land utilization. These revisions not only elevate the maximum height allowance for buildings within municipal boundaries but also facilitate the sale of individual floors, essentially transforming the urban landscape. Key Changes According to the new…

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Lucknow’s Fake Flat Racket Busted; Five Arrested for Fraud

LUCKNOW: Police have launched an investigation into a wide-ranging forgery and fraud case involving counterfeit flat allotment letters connected to the Lucknow Development Authority (LDA). The investigation was initiated following a formal complaint from Ram Kishore, a senior LDA official. A First Information Report (FIR) was filed at Gomtinagar Police Station against five individuals, including Harshit Gupta, along with Piyush Pathak, Ravi Kumar Kashyap, Rimpy Singh, and Varun Kumar Sahu, plus an unidentified accomplice, for allegedly fabricating and distributing fraudulent allotment letters with forged signatures of senior LDA officials. According to Ram Kishore, the issue was brought to light when…

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Revamp Housing Index Compilation Method: Stats Ministry

NEW DELHI: The Ministry of Statistics is suggesting a significant overhaul of the housing index compilation methodology, part of the consumer price index (CPI) base revision exercise. Housing represents a substantial segment of the CPI, contributing approximately 21.7% of expenditures in urban areas and 10.1% nationally according to the current series. “As part of the ongoing base revision, we will reassess all components of the index compilation methodology to create a more robust and durable CPI series,” stated the ministry in the newly released discussion paper. Data on rent will now be collected monthly, replacing the previous six-month collection method.…

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West Bengal CM: Redevelopment Won’t Threaten Residence Rights

KOLKATA: Chief Minister Mamata Banerjee reassured residents of central Kolkata on Wednesday that their rights would be preserved following the redevelopment of dilapidated buildings. She emphasized that every legitimate resident would be documented and granted occupancy certificates, but urged caution regarding safety. During the inauguration of Jagaddhatri Puja by the Posta Bazar Merchant Association, Banerjee acknowledged the past accidents in the area. “Through collective efforts, we’ve successfully reduced such incidents,” she stated. “There are several crumbling buildings here. The KMC has issued notices, but residents are concerned about their living arrangements post-demolition. They must realize that staying in these structures…

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DDA, IIT-Delhi to Investigate Dwarka Apartment Structural Issue

NEW DELHI: The Delhi Development Authority (DDA) is teaming up with IIT Delhi to investigate the Triveni Apartments in Dwarka. The inspections are set to commence on Thursday to determine the cause of a recent “explosion-like” sound reported in the building, officials stated. The DDA confirmed, “In a prompt effort to identify the cause of the incident, IIT Delhi has been contracted and the consultancy fee for the inspection has been settled. They are expected to arrive soon.” Residents of the Dwarka Sector 16-B apartment complex voiced their concerns regarding the lack of immediate remedial actions after hearing the “explosion-like”…