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

Ranchi Civic Body Warns 232 PMAY Beneficiaries for Illegal Rentals

RANCHI: This Tuesday, the Ranchi Municipal Corporation (RMC) initiated a campaign against the misuse of welfare housing. They issued show-cause notices to 232 beneficiaries of the Pradhan Mantri Awas Yojana (Urban) for unlawfully renting out their designated properties. The enforcement action was prompted by reports of unauthorized subletting within the residential complex at the Light House Project in Dhurwa, developed under the housing scheme. A preliminary investigation by civic officials uncovered that many recipients were not residing in their allocated flats, undermining the primary goal of the initiative and converting the subsidized housing into rental ventures. Authorities stated that this…

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Celebrity Homes: A Rising Trend, ETRealty

MUMBAI: Bollywood actor Ranbir Kapoor has acquired a total of 25.7 acres of land in Pune’s Mulshi taluka through four separate transactions for over Rs 16.42 crore. The acquisitions include four adjacent parcels in Village Pimpri, Mulshi, a region that has seen the rise of luxury second homes, private estates, and hospitality projects in recent years. The largest parcel, measuring 10.8 acres, was purchased for Rs 7.08 crore. Kapoor also bought a 7.4-acre parcel for Rs 4.62 crore, a 5.3-acre parcel for Rs 3.32 crore, and a 2.2-acre parcel for nearly Rs 1.40 crore. The total stamp duty for these…

Latest StoriesResidential

206 Families at Unitech Fresco, Gurugram Get OCs After 10 Years

GURUGRAM: After nearly a decade of waiting, 206 families residing in four towers of Unitech Fresco in Sector 50 have finally received their occupation certificates (OCs), providing them with long-awaited legal security for their homes. The town and country planning department (DTCP) issued a part OC for towers 14 to 17 on Tuesday, marking the final approval needed for the residential buildings within the project. Now, every tower in Fresco has received an occupation certificate. The delay extended far beyond a simple regulatory pause. Without an OC, property registrations were stalled, obtaining home loans became challenging, and selling or mortgaging…

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Saligao Residents Protest Cancelled Housing Project Inspection

Representative AI image CALANGUTE: Residents of Saligao have raised concerns regarding structural violations and misrepresentation of facts associated with a 24-apartment project at Bairo Alto Vaddo. They claim that local authorities, including the town and country planning (TCP) department, Saligao village panchayat, and the local MLA, have repeatedly ignored their requests for a site inspection. “If this project is legal, why are they avoiding action?” residents questioned. Frustration mounted after a scheduled joint site inspection was unexpectedly canceled. The residents gathered at the site, asserting that they have been pleading with the authorities for almost a year to halt the…

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2015 Mapusa Flat Buyers Still Await Keys

Representative AI image PANAJI: Nine home buyers who invested in flats at the ‘Sai Ishwari’ housing complex in Mapusa nearly a decade ago are still without possession. The North Goa district and sessions court has ruled that it cannot transfer ownership of the apartments due to the absence of a final occupancy certificate for the project. The court has sent the case back to the Real Estate Regulatory Authority (RERA), affirming that it operates with limited jurisdiction as an executing court. The order stated, “The construction/project is not yet completed and lacks a final occupancy certificate; hence, possession of the…

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Bengaluru Resident Files Lokayukta Complaint Over Deed Delay

Representative AI image BENGALURU: A resident has approached the Karnataka Lokayukta, claiming that the amended deed of declaration (DoD) for Sobha Aspire apartments in Nagasandra was registered without consent from all apartment owners or proper authorization. The complaint was filed by Subhash S. Shetty, an apartment owner, regarding an amended DoD registered at the Peenya sub-registrar’s office on March 3, 2023. Shetty alleges the document was executed by someone posing as the “grantor” without valid authority, residents’ approval, or necessary documentation. In response to Shetty’s allegations of fraud, forgery, and illegal registration, the district registrar of Rajajinagar instructed the Peenya…

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Nagpur Launches 910 Affordable Homes in Two Housing Projects

NAGPUR: Union Minister Nitin Gadkari and Chief Minister Devendra Fadnavis inaugurated projects worth nearly Rs 673 crore throughout Maharashtra, particularly highlighting Nagpur. These initiatives focus on affordable housing and railway infrastructure, revealed during two events in the city. A key moment was the bhoomipuja for two housing projects by the Nagpur Municipal Corporation (NMC) at Mouza Nari, involving a total investment of Rs 188.77 crore. This includes the Rs 91.45 crore Maharshi Sudarshan Balmiki Vasahat, a housing colony for sanitation workers, and the Rs 97.32 crore Swapnapurti project under Pradhan Mantri Awas Yojana (Urban) 2.0, catering to economically weaker section…

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Factories Transform into Townships with Worker Housing in MP

Representative AI image BHOPAL: With manufacturing units expanding across Madhya Pradesh, industries in Jetapur, Ratlam, Dhar, Ujjain, and Bhopal are increasingly establishing residential blocks within their factory premises. This shift underscores a move towards integrated industrial campuses. Numerous companies have notified the industries department about plans to build housing for workers on their designated industrial land, aiming to lessen commute times and enhance employee retention. The trend is gathering pace in both established and emerging industrial hubs, where companies are asserting that quality housing is as crucial as road, power, and water infrastructure. Employees will benefit from reduced commuting time,…

Latest StoriesResidential

Mumbai housing sales up 1% to 47,355 units in H1 2026

NEW DELHI: Mumbai experienced housing sales of 47,355 units in the first half of 2026, marking a slight increase of one percent year-on-year, as reported by Knight Frank India. New launches saw an eight percent year-on-year rise, totaling 49,161 units during this timeframe, in line with moderated activity observed in 2025. The report indicates that the increase in supply was primarily driven by end-user demand. Unsold inventory fell by four percent year-on-year, bringing it down to 157,410 units in H1 2026. The time required to sell this inventory was 6.5 quarters, with an average age of unsold units at 19…

Latest StoriesResidential

Bengaluru Housing Sales Up 5% to 27,968 Units in H1 2026

NEW DELHI: Bengaluru recorded housing sales of 27,968 units in the first half of 2026, reflecting a five percent increase compared to the previous year, according to a Knight Frank India report. New launches totaled 34,749 units during this period, marking a four percent year-on-year rise. However, there was a sequential decline in launches by 1.4%, and sales also fell by three percent. According to Knight Frank, the slowdown in residential launches and sales can be attributed to rising property prices, affordability issues in key micro-markets, and a more cautious stance from both developers and homebuyers. The average residential price…