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

No OTS Extension: 7,200 Plot Allottees Face Recovery by March 2026

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has declined to extend the deadline for its one-time settlement (OTS) scheme. As a result, approximately 7,200 plot allottees who defaulted are at risk of recovery actions unless they settle their dues by February 28. This decision was made during YEIDA’s 88th board meeting on Friday, presided over by Chairman Alok Kumar, who is also the additional chief secretary for industrial development. Officials noted that YEIDA has previously conducted the OTS scheme seven times, and the latest opportunity, which commenced on December 1, is the final one. Of the total outstanding dues…

Latest StoriesResidential

Aadhaar Authentication Required for Property Registrations in Belagavi

BELAGAVI: District Commissioner Mohammad Roshan has mandated that all sub-registrars in the district must authenticate Aadhaar for all parties involved in property registration. This directive comes in response to a recent report by the Times of India, which uncovered a significant racket involving the creation and illicit use of duplicate Aadhaar numbers for property transactions through sub-registrar offices. In a related incident at the Udyambag police station, eight individuals were accused of impersonating legitimate property owners by using fake Aadhaar numbers to fraudulently transfer ancestral property from a family. This has sparked considerable public concern regarding the extent of the…

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6,000+ Affordable Homes in Gurugram: 4,728 Shortlisted Applicants

GURUGRAM: The district administration has received over 120,000 applications for the allocation of 6,743 affordable homes designated for economically weaker sections (EWS). The 1-BHK flats, priced at Rs 1.5 lakh each, are situated in private developer colonies and high-rise societies, providing beneficiaries with organized residential amenities. The booking process commenced on Thursday to ensure dignified housing for low-income families and facilitate their integration into planned urban environments, in line with the Chief Minister’s Urban Housing Scheme initiated by the Haryana government. Deputy Commissioner Ajay Kumar stated that the corporation received a total of 12,384 applications. Of these, 4,728 applications passed…

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Aadhaar-Based Property Registration in UP Starts Feb 1

LUCKNOW: On Thursday, the state cabinet approved a proposal for an Aadhaar-based authentication system for property registration. Officials stated this initiative will combat land scams associated with fake registrations. State minister Ravindra Jaiswal mentioned that the decision was made during a review meeting led by Chief Minister Yogi Adityanath on August 28 of the previous year, with the new system set to launch in all sub-registrar offices starting February 1. Through a notification dated August 2, 2024, the UP Online Document Registration Rules, 2024 will be implemented. This will enable the electronic verification of Aadhaar holders using e-KYC, biometric authentication,…

Latest StoriesResidential

EESL to Provide Energy-Efficient Solutions to PMAY in Andhra Pradesh

NEW DELHI: EESL Energy Efficiency Services has signed an agreement with the Andhra Pradesh State Housing Corporation Ltd (APSHCL) to implement energy-efficient solutions. As part of this initiative, beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) will receive a starter package that includes four 5-star rated LED bulbs, two LED batten tube lights, and two brushless direct current (BLDC) ceiling fans, according to an EESL statement. EESL has partnered with APSHCL to launch a significant energy-efficiency campaign under the PMAY initiative, aimed at enhancing housing for all. Published On Jan 30, 2026 at 07:17 AM IST Join a community of…

Latest StoriesResidential

ASK Property Fund Invests ₹260 Crore in Kreeva’s Delhi Project

NEW DELHI: ASK Property Fund, the real estate arm of Blackstone-backed ASK Asset & Wealth Management Group, has invested ₹260 crore in the Kanodia Group’s real estate venture, Kreeva. Kreeva has procured a prime land parcel in South Delhi for approximately ₹350 crore and plans to develop a luxury residential project covering 500,000 sq ft. “This marks ASK’s inaugural investment in a vertical residential project in Delhi, aimed at providing a unique residential experience in a market mainly characterized by independent floors,” stated Amit Bhagat, Co-founder, CEO, and MD of ASK Property Fund. Earlier, Shapoorji Pallonji Real Estate (SPRE) entered…

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Affordable housing drops to 17% in 2025: Economic Survey

NEW DELHI: The aspiration of homeownership is becoming increasingly out of reach for low-income groups in India, as the availability of affordable housing takes a significant downturn. The Economic Survey 2025-26 reveals that the percentage of affordable housing units, priced under ₹50 lakh, in India’s eight major cities plummeted from 52.4% in 2018 to a mere 17% by 2025. This substantial drop occurs amidst a forecast that demand for such housing will hit 30 million units by 2030. Currently, the overwhelming majority of this shortfall is among low-income groups, which represent 99% of the housing deficit in recent years. The…

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President: 40 Million Houses Built for Poor in a Decade

NEW DELHI: President Droupadi Murmu announced on Wednesday that the government has built four crore pucca houses for the underprivileged over the past decade, reflecting its commitment to achieving housing for all. In her joint address to Parliament, she noted that 32 lakh newly constructed houses were handed over to beneficiaries in the last year. Emphasizing efforts to boost urban livelihoods, the president shared that under the PM SVANidhi scheme, 72 lakh street vendors received financial aid totaling Rs 16,000 crore. The Union Ministry of Housing and Urban Affairs oversees this initiative, introduced in 2020 to provide affordable working capital…

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Wayanad Building Owners Excluded from Rehab Efforts

KOZHIKODE: More than 18 months after the devastating landslide in Wayanad, building owners in Chooralmala and Mundakkai are still awaiting assistance from the government and NGOs. As the first phase of the rehabilitation township at Elstone Estate approaches completion, no compensation has been announced for those who lost their properties in the disaster. T A Asif Ali, who lost six buildings spanning 10 cents in the landslide, reported that a total of 122 properties owned by 52 individuals were either partially or entirely destroyed. “The estimated loss is about ₹15 crore. While we haven’t received any compensation, we are still…

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Lucknow body unveils 27-storey luxury project in Aishbagh

LUCKNOW: Following the announcement of Narmada Apartment in Gomtinagar, the Lucknow Development Authority (LDA) has authorized the construction of an additional 27-storey luxury apartment complex at Aishbagh, located on Mill Road. The new building will comprise 384 flats equipped with upscale amenities. Named Aishbagh Square, the project is designed with four towers, each standing 27 storeys tall, offering 3-BHK apartments with a study, measuring approximately 1,900 sqft. Prices will start at Rs 1.11 crore. The LDA Vice-Chairman, Prathamesh Kumar, has given the go-ahead for the project. Registration for the flats will be open from January 29 to February 28, exclusively…