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: Harmu Housing Colony Targets Commercial Establishments

RANCHI: The Ranchi Municipal Corporation (RMC) is under scrutiny as it issues notices to businesses in Harmu Housing Colony for operating in residential areas, sparking concern among both traders and locals. With eight enforcement teams actively monitoring the area, officials have asserted that the colony is designated solely for residential purposes. JSHB Secretary Binay Lakra emphasized, “All these properties were allocated for residential use exclusively, and therefore, commercial establishments cannot be allowed.” Despite this claim, many businesses in Harmu have been operating for years, effectively transforming the area into a self-sufficient community. Currently, over 150 commercial units, ranging from grocery…

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Atal Apartment Scheme Draw by Ludhiana Trust on April 14

Representative image LUDHIANA: The Ludhiana Improvement Trust (LIT) has announced a public notice for applicants of the Atal Apartment scheme. They are invited to Nehru Sidhant Kendra on April 14 for a draw of the remaining flats. The LIT has received an impressive number of applications, totaling over 1,500. Specifically, LIT received 566 applications for High-Income Group (HIG) flats and 974 for Middle-Income Group (MIG) flats, making a total of 1,540 applications. After careful scrutiny, these applications were posted on the office notice board on March 23 and on the LIT website. The final list has been revised and updated…

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PPCB Protects Homebuyers from Builders’ Eco Violations

PATIALA: The Punjab Pollution Control Board (PPCB) has mandated that innocent homebuyers will not face penalties for environmental breaches by real estate developers, while still enforcing strict actions against non-compliant builders. This decision follows numerous public appeals and recommendations from a committee of senior officials formed in March. The board noted that previous restrictions on housing and commercial projects due to pollution violations unduly affected buyers who invested their life savings without awareness of these issues. The PPCB’s order dated April 9 pointed out that limitations such as prohibiting sale deeds in non-compliant projects hindered genuine buyers seeking affordable homes.…

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Prayagraj Offers Property Tax Relief for New Buildings

PRAYAGRAJ: In a significant move for property owners, the Prayagraj Municipal Corporation (PMC) is set to introduce tax benefits for newly constructed residential buildings in the city. A 25% tax rebate will be offered on the annual rental value assessment of these new properties, leading to a corresponding reduction in house tax for qualifying owners. The decision was made during a meeting led by Chief Tax Assessment Officer Sanjay Mamgai, involving tax superintendents and departmental staff. Officials were instructed to apply the 25% concession when evaluating even newly built houses. However, this benefit is exclusive to purely residential properties, excluding…

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TIDCO’s Vijayawada Colonies Introduce New Township Model

VIJAYAWADA: The urban housing landscape in Andhra Pradesh is experiencing a notable transformation as the Andhra Pradesh Township and Infrastructure Development Corporation (APTIDCO) introduces integrated living models for economically weaker sections. Instead of merely offering standalone houses, the state is now developing “mini townships” that blend housing with essential infrastructure, livelihoods, and social amenities. APTIDCO Managing Director Sunil Kumar Reddy highlights the shift in focus from mere construction to ensuring complete habitability. “In the past, housing projects often concluded with the handover of units. Today, our goal is to create fully livable colonies equipped with roads, water supply, drainage, lighting,…

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Maharashtra CM Calls for Strong Affordable Housing System in Mumbai

File Photo MUMBAI: On Friday, Maharashtra Chief Minister Devendra Fadnavis directed the establishment of an effective system for affordable rental housing in Mumbai, along with the creation of a dedicated portal for public access. Recognizing the influx of individuals moving to Mumbai for employment and entrepreneurship, Fadnavis emphasized the pressing need for housing, asserting that the government must ensure the availability of rental properties at reasonable prices. He underscored the necessity for supply to meet demand and advocated for a coordinated approach to alleviate challenges faced by both landlords and tenants, as indicated in an official statement. Fadnavis also stressed…

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Maharashtra CM: Cluster Redevelopment to Aid 700K Slum Dwellers

Representative AI image MUMBAI: Approximately seven lakh slum dwellers will benefit from the slum cluster redevelopment scheme, as informed to CM Devendra Fadnavis during the 16th meeting of the Slum Rehabilitation Authority (SRA) on Friday at the Sahyadri state guesthouse. SRA chief Mahendra Kalyankar stated, “Due to the limited response to joint venture projects and stalled schemes, the government has decided to promote integrated and sustainable development under the Slum Cluster Redevelopment scheme, in alignment with the state housing policy for 2025.” He added that the process to identify slum cluster areas is underway. During the meeting, an additional Rs…

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Ashiana Housing Acquires 28.55 Acres in Pune for Senior Homes

Representative image NEW DELHI: Ashiana Housing has acquired 28.55 acres of land in Pune to develop a senior living housing project, expected to generate revenue of approximately Rs 1,800 crore. The company confirmed in a regulatory filing: “We have acquired approximately 28.55 acres of land on an outright purchase basis in Pune, Maharashtra.” “This marks the largest land deal by our company for a Senior Living project. The estimated saleable area is 20 lakh sq ft, with a sales value potential of Rs 1,800 crore,” the filing added. Ankur Gupta, JMD of Ashiana Housing, mentioned that the company is aiming…

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Lucknow body to release 2,000 plots in new housing scheme

Representational AI image LUCKNOW: The Lucknow Development Authority (LDA) is set to launch the Varun Vihar housing scheme in June, offering approximately 2,100 plots in the Kailash and Kashi blocks during the first phase. This decision was made during a meeting chaired by Divisional Commissioner Vijay Vishwas Pant at the LDA headquarters on Thursday. The project spans 2,270 hectares along the Agra expressway, with land acquired through mutual agreement from villages in Sadar and Sarojininagar tehsils; around 853 hectares have received consent so far. LDA Vice-Chairman Prathamesh Kumar announced that online registration for the plots will commence following the official…

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Kanpur: 20 Arrested for Fraud in Fake PMAY Scheme

KANPUR: A significant cybercrime ring operating in a Jamtara-style has been uncovered in the Reuna village of Ghatampur, leading to the arrest of 20 gang members accused of defrauding applicants of the Pradhan Mantri Awas Yojana. Meanwhile, 17 accomplices are still at large, prompting ongoing efforts to locate them. Police Commissioner Raghubir Lal reported that the operation was initiated after receiving multiple complaints via the National Cyber Crime Reporting Portal. Acting on a tip-off, a police team proceeded to Reuna village where suspicious cyber activities were observed, resulting in the immediate arrest of 20 individuals. The police revealed that the…