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

Nashik: March 10 Deadline for Property Tax Objections

NASHIK: The Nashik Municipal Corporation (NMC) has set a deadline of March 10 for property taxpayers in the city to file objections concerning property tax assessments and other related details. The property tax department has approximately 5.90 lakh taxpayers registered. To facilitate verification, NMC has made ‘property registers’ accessible at each of its six divisional offices. Taxpayers are encouraged to check these registers to confirm the accuracy of their property assessments, including owner names, property addresses, name corrections, tax bill issues, and changes in property usage. NMC officials stated that if no objections are raised before the March 10 deadline,…

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Angel Investor Radha Tanti Purchases ₹123-Crore Mumbai Flat

This is a representative image. Mumbai’s luxury residential market has seen another significant transaction, with Radha Tanti, an angel investor and spouse of Suzlon Energy executive vice chairman Girish Tanti, acquiring a high-end apartment in the prestigious Worli area for ₹123.5 crore. The property is located on the 44th habitable floor of the ultra-luxurious Artesia tower, situated near the Doordarshan Center in Worli. The apartment boasts a RERA carpet area of approximately 6,772.28 sq ft, along with an additional 367.05 sq ft of balcony or terrace space, making it one of the largest units in the development. This purchase was…

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UP CM Implements OTS Scheme for Housing Allotment Cases

File Photo LUCKNOW: Chief Minister Yogi Adityanath emphasized the need for a solution-oriented approach to resolve longstanding disputes during a meeting on Wednesday, directing the swift execution of the new One Time Settlement (OTS-2026) scheme aimed at efficiently addressing pending residential and commercial allotments. During the review of housing agencies’ performance, the CM urged senior officials to adopt a flexible approach to legacy issues. Highlighting the significance of one-time settlement schemes, Yogi instructed officials to expedite the allotment of residential units and commercial land that were previously unavailable due to defaults or disputes. The housing board (Avas Vikas Parishad) recently…

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Chandigarh Updates Paying Guest Policy

Representative Image CHANDIGARH: The Chandigarh administration has revised its paying guest (PG) policy, now requiring completion certificates for registration and ending the option for conditional registration. As per the amendment to Clause 5 of the PG policy, notified on Tuesday, PG accommodations will now only be allowed in residential properties that comply with building bylaws and have not been subject to unauthorized construction after receiving a completion certificate. Previously, PG establishments could secure conditional registration even without completion or occupation certificates, with a grace period of six months to submit these documents. Under the new policy, conditional approvals are abolished,…

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Mumbai: Meghwadi Chawl Residents Claim Coercion in Redevelopment

MUMBAI: Residents of the historic Meghwadi chawl in Dharavi are not just opposing a redevelopment plan but are also facing a systematic campaign of intimidation and harassment aimed at displacing families who have lived there for generations. The issue escalated after an urgent seven-day eviction notice was issued by the Slum Rehabilitation Authority (SRA) last December, with claims of local thugs, possibly politically motivated, pressuring residents to leave their homes. The nearly 150-year-old Meghwadi chawl, formerly known as Central Railway Patra chawl, contains around 80 hutments housing approximately 350 residents, including many seniors and children. Many of them have ancestral…

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MHADA to Sell 120 Mumbai Flats via First-Come-First-Served, Feb 5

Representative Image NEW DELHI: The Mumbai Housing and Area Development Board (MHADA) is set to offer 120 residential flats in various locations across Mumbai on a first-come-first-served basis, with online registrations starting on February 5, 2026, according to an official announcement. The flats, which were previously made available through MHADA lotteries but went unsold, are located in different housing colonies managed by the Mumbai Board. Applications will be accepted via MHADA’s official housing portal. Registrations will kick off on February 5 at 11 am, whereas online application submissions, payment of fees, and flat selection will commence from February 12, 2026,…

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Pune Proposes 10% Property Tax Hike, Citizens Challenge It

PUNE: The Pune Municipal Corporation (PMC) has proposed a 10% property tax increase aimed at enhancing revenue. The standing committee is set to discuss this proposal in a meeting on Monday; currently, it comprises only civic officials due to the absence of a new general body of elected corporators. Citizens’ groups and activists are opposing this move, advocating for the administration to prioritize the recovery of dues from defaulters instead. “There are numerous large tax defaulters. Revenue generation is achievable if their dues are collected,” stated Prashant Badhe from Aple Pune, Apala Parisar, a citizens’ group. Vivek Velankar of Sajag…

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Secunderabad Cantonment Proposes Ward-wise Tax Arrears Recovery

HYDERABAD: Residents of Ward-8 in Secunderabad Cantonment submitted a proposal on Sunday targeting tax arrears recovery to senior cantonment and defense estate authorities. The proposal advocates for more stringent enforcement of overdue house tax collections in compliance with the Cantonments Act of 2006. Addressed to the CEO of the Secunderabad Cantonment Board, the Principal Director of Defense Estates (Southern Command, Pune), and the Director General of Defense Estates, New Delhi, the proposal aims to address ongoing revenue collection challenges from residential property owners by establishing a systematic ward-level enforcement mechanism. The initiative includes bi-weekly enforcement drives in each ward, entailing…

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Chennai Residents Fight Ban on Building Permits Near Marsh

CHENNAI: Thoraipakkam residents demonstrated on Saturday along 200-Feet Road, opposing the CMDA’s decision to suspend building permits within a 1km radius of the Pallikaranai marshland. The Federation of Thoraipakkam Residents Welfare Associations stated that this restriction significantly impacts owners of approved plots and patta lands across various localities along the OMR-IT corridor. More than 200 residents joined the protest, urging the state government to reconsider the circular and protect the rights of individuals who purchased approved housing sites. Protesters called for the removal of encroachments in the marshland instead of enforcing restrictions on already approved residential areas. “Around 1 lakh…

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Bengaluru Buyers Complain of Double Tax on Corner Site Development

Representative AI Image BENGALURU: Some allottees are finding that a few extra square meters can almost double their property tax based on the BDA’s current policy. Owners of irregularly-sized plots argue that the existing slab-based rates unfairly penalize them, despite their properties using the same facilities as standard plots. They maintain that only the excess area should be taxed at a higher rate, yet the current system applies the increased rate across their entire site. For the past five years, concerns have been raised by allottees regarding a 2016 BDA resolution on vacant-property taxation, which they deem flawed. Owners of…