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 Sees 57% Surge in Properties in 10 Years

NASHIK: Over the last decade, the city’s property market has seen an impressive 57% growth in the number of registered properties. From 3.80 lakh properties in the financial year 2014-15, the count surged to 6 lakh by 2024-25, marking the addition of around 2.2 lakh new residential and commercial units, indicative of the city’s rapid growth and heightened demand for space. Fueling this trend are new developments as individuals seek homes for comfort and investment, often relocating to Nashik for better job and business prospects. The Nashik Municipal Corporation (NMC) highlighted these findings in its recent environmental status report, noting…

Latest StoriesResidential

₹3 Crore PMAY 2.0 Approved for 117 Families in Una, Himachal

UNA: Financial assistance amounting to approximately Rs 3 crore has been sanctioned for 117 eligible families in Una, Himachal Pradesh, as part of the second phase of the Pradhan Mantri Awas Yojana (Urban) 2.0, an official announced on Saturday. Each beneficiary is set to receive Rs 2.5 lakh in four installments upon the completion of their construction work, according to Manoj Kumar, Joint Commissioner of Una Municipal Corporation. The official urged beneficiaries to commence construction without delay, abide by the scheme’s guidelines, and ensure that the work is completed within a year. Eligible families may also apply through the unified…

Latest StoriesResidential

FPCE Calls for RERA Law Revisions to Verify Promoters’ History

NEW DELHI: The Federation of People’s Collective Efforts (FPCE) has called for amendments to the real estate law ‘RERA’ to implement a mechanism for verifying builders’ track records prior to granting project approvals. Additionally, the FPCE is advocating for new provisions to ensure compensation for homebuyers if builders fail to deliver promised facilities and amenities. The association has also requested a standardized rule regarding refunds in the event of unit cancellations by property buyers. FPCE President Abhay Upadhyay has addressed a letter to Union Minister of Housing and Urban Affairs, Manohar Lal, proposing amendments to the Real Estate (Regulation and…

Latest StoriesResidential

Haryana: Builders required to reserve 15% flats for EWS

Representative image GURUGRAM: The state government has unveiled a new policy for allocating plots and flats to Economically Weaker Sections (EWS) within licensed colonies, superseding the 2021 guidelines. The revised policy mandates that developers allocate 20% of plots and 15% of flats for EWS beneficiaries. This policy is applicable to all licensed residential colonies across the state, including plotted and group housing projects approved by the Town and Country Planning (TCP) Department. It encompasses major urban areas such as Gurgaon, Faridabad, Panchkula, Sonipat, Panipat, Rohtak, Hisar, and Karnal, along with newly licensed townships and sectors developed under the Haryana Development…

Latest StoriesResidential

Owners Demand Overhaul of Karnataka Apartment Ownership Act

BENGALURU: Despite consistent reminders from home buyers and residents’ welfare associations regarding the need for a new apartment act, the state government has yet to prepare the crucial draft, even after two years. Home buyers are urging Karnataka to update the Karnataka Apartment Ownership Act of 1972, which they view as outdated and ambiguous regarding the rights and responsibilities of flat owners. Dhananjaya Padmanabhachar, representative of the Karnataka Home Buyers Forum, reached out to IT and BT Minister Priyank Kharge, urging him to encourage Chief Minister Siddaramaiah to expedite the development of a new apartment act. The goal is to…

Latest StoriesResidential

Delhi: 1,537 Flats Available in DDA Scheme

Representative image NEW DELHI: The Delhi Development Authority (DDA) is set to launch Phase II of the Jan Sadharan Awas Yojana on November 11, providing 1,537 affordable housing options for low-income groups (LIG) and economically weaker sections (EWS) across the city. The available flats are located in several of Delhi’s developing residential areas, including Shivaji Marg (Moti Nagar), Ramgarh Colony near Jahangirpuri Metro Station, and Rohini Sectors 34 and 35 along the Urban Extension Road–II. There are also units in Narela, Sector G6–G7, Pocket 11, close to the intended Rithala–Narela–Kundli Metro corridor. Starting at 12 PM on November 11, interested…

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Lucknow development body extends discount on ready-to-move flats

Representative image LUCKNOW: The Lucknow Development Authority (LDA) has extended its special Diwali discount on ready-to-move flats until November 6. This festive season, 589 flats have already been booked, while 1,100 ready-to-move flats remain available for buyers. Under this offer, buyers can receive discounts ranging from Rs 1 lakh to Rs 2 lakh, in addition to existing incentives. LDA Vice-Chairman Pratimesh Kumar explained, “The ready-to-move flats are available on a ‘First Come-First Serve’ basis. A generous discount offer was introduced from September 22 to October 22. Flats priced between Rs 20 lakh and Rs 50 lakh will receive Rs 1…

Latest StoriesResidential

Secunderabad: SH-1 Property Tax Increase Paused Amid Protests

HYDERABAD: Property owners along State Highway-1 (SH-1) have received good news from the Secunderabad Cantonment Board (SCB), which has decided to postpone the recently announced property tax increase until the ongoing road widening concerns are sorted out. Additionally, those without any rental income will benefit from a 50% tax discount. The decision follows significant pushback against the 100% tax increase, as many proprietors were already facing financial hardships prior to the hike. The planned road widening project, impacting over 1,000 properties along the highway, has prompted several tenants to vacate their homes. Telukunta Satish Gupta, chairman of the Rajiv Rahadari…

Latest StoriesResidential

Commercialization Pushes Residents Out of Jubilee Hills, Hyderabad

HYDERABAD: In recent years, numerous voters from the affluent yet sparsely populated area of Jubilee Hills have changed their registration to other assembly segments such as Khairatabad and Sherlingapally. The rapid commercialization of the vicinity between 2000 and 2014 led many residents to sell their homes and land, originally purchased at very low prices—sometimes as little as Rs 200 per acre—and relocate to quieter neighborhoods. Interestingly, a large portion of the affluent enclave is actually part of the Khairatabad constituency rather than Jubilee Hills. Once a beacon of aspiration, Jubilee Hills has long been recognized as one of Asia’s most…

Latest StoriesResidential

Regularize Buildings Under Karnataka’s e-Swathu: Tax Since 2016

BENGALURU: Property owners wishing to regularise unauthorized properties under Karnataka’s e-Swathu scheme are required to pay property tax retrospectively, starting from either 2016 or the year they received an electricity connection, as per official guidance. The e-Swathu initiative aims to incorporate unauthorized properties into the tax system and improve transparency. Panchayats have been instructed to promptly assess and collect dues based on various slabs linked to the guidance value. The process is regulated by the Karnataka Gram Swaraj and Panchayat Raj (Gram Panchayat Tax, Rates and Fees) Rules, 2025, which were officially published last week. According to these rules, Gram…