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: Signature View Apartments to be Manually Demolished

NEW DELHI: The Delhi Development Authority (DDA) has decided to demolish the Signature View Apartments in Mukherjee Nagar using a conventional floor-by-floor method rather than the implosion technique used on Noida’s Supertech twin towers. Officials revealed that experts deemed the building’s structural quality extremely poor, making it unsafe to drill into weak walls for the insertion of explosives. The complex consists of 10 towers with stilt plus 10 stories and two towers with stilt plus six stories, surrounded by the SFS Flats Society and other residential and commercial properties. The demolition is set to commence soon as the DDA finalizes…

Latest StoriesResidential

70+ Plots Available in Raj Nagar Extension & Noornagar, Ghaziabad

Representative image GHAZIABAD: The Ghaziabad Development Authority (GDA) has initiated a residential plot scheme in Raj Nagar Extension and Noornagar as part of the Noornagar Housing Scheme. This project will make around 77 land parcels available for sale, varying in size from 60 to 221 sqm. The tendering process for the work is set to commence this week. According to a GDA official, the scheme will cover an area of 17,872 sqm. “We will begin external development in the area, allocating Rs 3.05 crore for road and sewer networks, along with an additional Rs 1 crore for electricity infrastructure and…

Latest StoriesResidential

YEIDA to Develop Housing Clusters for Heritage City

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) is set to develop residential and commercial clusters in the Heritage City project at Raya, close to Mathura-Vrindavan, rather than a private developer as initially planned. The project will adopt a public-private partnership (PPP) model to enhance religious, cultural, and tourism infrastructure within the ₹7,200-crore hub of the Braj pilgrim circuit. The project, situated in the proposed Raya Urban Centre, will span 753 acres and feature a heritage-themed township, a 30 km Yamuna riverfront, and a 100-foot statue of Lord Krishna at its center. Additional proposals include wellness and yoga centers, hotels,…

Latest StoriesResidential

Delhi Residents Cannot Complain About DDA’s Housing Quality

NEW DELHI: Homebuyers will not be able to raise complaints regarding defects in the flats offered through the Delhi Development Authority’s (DDA) Towering Heights premium housing scheme in East Delhi, as per the terms outlined in the scheme. Earlier this month, the DDA introduced 1,026 premium 2 BHK flats starting at Rs 1.78 crore, developed under its Transit-Oriented Development (TOD) policy. According to the scheme’s brochure, available on its official site, section 18.4 states, “DDA shall also not entertain complaints about the price of the flat, its design, the quality of materials used, workmanship, or any other defects.” Allottees are…

Latest StoriesResidential

Mumbai: Sanjan Bungalow’s Original Owners Challenge Sale

MUMBAI: The Davierwalla family, original owners of the Sanjan bungalow property—which was transformed into an affordable facility for the Parsi-Irani community—has firmly opposed its sale to a developer. The family sold the ancestral property in 1997 to the World Zoroastrian Organisation Trust Funds (WZOTF) for a nominal price of Rs 65 lakh, conditioned for community use only. Recently, TOI reported increasing backlash against WZOTF’s plan to sell the 2.5-acre property, citing losses due to low occupancy. In a letter to WZOTF trustees, sisters Anahita and Roshan Davierwalla declared they “strongly and unequivocally oppose the proposed sale of our ancestral property…

Latest StoriesResidential

Thiruvananthapuram to Revive Poonkulam Housing After 17 Years

THIRUVANANTHAPURAM: The city corporation is set to revive its long-stalled housing project at Poonkulam under the Basic Services to the Urban Poor (BSUP) scheme. Initially launched in 2008, the project halted midway due to financial issues. The scheme aimed to build 120 houses across six blocks for underprivileged families but progressed only halfway, with just two floors completed. Managed by Nirmithi Kendra, the project had an estimated budget of Rs 2.96 crore in its inception, which ballooned to nearly Rs 9 crore over the years, with no further advancement. Now, it has been downsized to rehabilitate 32 families, and the…

Latest StoriesResidential

Chandigarh to Use Unused CHB Land to Address Housing Shortage

CHANDIGARH: Chief Secretary H Rajesh Prasad stated on Friday that the Chandigarh Housing Board (CHB) will fully utilize vacant and unused land to address the housing needs of city residents. Prasad noted that development efforts will align with the Chandigarh Master Plan and the Supreme Court’s ruling on the city’s heritage. He addressed media at the new UT secretariat in Sector 9, outlining upcoming administrative initiatives. Earlier that day, he convened a meeting to evaluate the progress of key projects and reforms in government and aided colleges, along with higher and technical education institutions in Chandigarh. The Chief Secretary urged…

Latest StoriesResidential

Goa: Affordable Housing for Gaonkars on 20% Community Land

PANAJI: According to new rules announced by the government on Friday, comunidades can develop their land in partnership with developers, reserving 20% of this development for affordable housing specifically for gaonkars. The comunidades are required to invite bids from developers for land development in proportions determined by their managing committee. “The proportions decided by the comunidade’s managing committee will indicate the area of plots to be developed, including amenity plots which are part of the comunidade share. Of this, 20% must be allocated for affordable housing for gaonkars, after accounting for areas utilized for facility infrastructure. Post-development, the remaining plots…

Latest StoriesResidential

Redevelopment Starts After Seven Years at Four Bengaluru Sites

BENGALURU: After seven years of discussions, the Bangalore Development Authority (BDA) has finally commenced redevelopment work on four aging commercial complexes, including the well-known Indiranagar BDA complex. This initiative began with a tender issued in 2018, aimed at transforming underperforming public assets into modern commercial centers through a public-private partnership (PPP) model. The next focus area will be the Koramangala complex, with redevelopment efforts targeting facilities in Indiranagar, Koramangala, HSR Layout, RT Nagar, Sadashivanagar, Austin Town, and Vijayanagar. Demolition has already started at Indiranagar, RT Nagar, Sadashivanagar, and Vijayanagar. BDA officials have stated that redevelopment in Koramangala, Austin Town, and…

Latest StoriesResidential

Delhi’s Lutyens’ Area May Receive ‘A+’ Property Zone Rating

NEW DELHI: The Delhi government is considering numerous recommendations for revising circle rates in the capital. Proposals include establishing a new A+ category for premium neighborhoods in Lutyens’ Delhi, reassessing farmhouse rates, conducting biennial reviews, enhancing data transparency, and forming a stakeholder committee. Officials stated that public feedback has been sought regarding the proposed revisions and is currently under review before finalizing the new rates. Circle rates, which serve as the minimum valuation for land and properties in residential, commercial, and industrial sectors, are often set below market rates. This discrepancy fosters cash transactions and results in revenue losses for…