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

Ideal Cures’ promoters purchase two Worli apartments for ₹190 crore

Representative image. Suresh Pareek and Veena S Pareek, founders of Ideal Cures, a maker of pharmaceutical excipients, have purchased two luxury apartments in the upscale Worli area of Mumbai for over Rs 190.1 crore. The purchase, featuring two adjacent units on the 43rd floor of a premium residential tower, was officially registered on December 24. This move highlights the ongoing demand for high-end large-format homes in south and central Mumbai. The two apartments boast a combined RERA carpet area of 12,114 sq ft, resulting in an average rate of approximately Rs 1.56 lakh per sq ft, ranking among the top…

Latest StoriesResidential

One Arrested in ₹2 Crore PMAY Fraud with 100+ Victims

AHMEDABAD: Promised with no government forms or lotteries, more than 100 women from underprivileged backgrounds fell victim to a significant scam, losing over Rs 2 crore in total. The accused, Neel Madhav Patel, reportedly claimed to have direct access to housing allocations under the Pradhan Mantri Awas Yojana (PMAY). Sunita Bhandari, a 27-year-old domestic worker from Paldi, approached the city police commissioner to report how Patel deceived her. She claimed that she was not alone, with around 100 other female victims also affected. Based on her report, the Detection of Crime Branch (DCB) filed an FIR on Monday. Patel assured…

Latest StoriesResidential

Karnataka Eases Setback Rules for Small Bengaluru Plots

Representative Image BENGALURU: A pivotal move to reshape home construction in Bengaluru was announced by the government on Monday, introducing modifications to longstanding building regulations for smaller residential plots. This adjustment alleviates certain burdensome rules that have affected property owners for years. The Urban Development Department (UDD) has revised the 2015 master plan to amend setback regulations for residential buildings on plots up to 4,000 square meters. As part of this new framework, the UDD has customized setback requirements based on plot size. For plots measuring 60 square meters (20x30ft), the front setback has been reduced to 0.7 meters, with…

Latest StoriesResidential

Bengaluru body urges Gunjur society to form RWA in a week

BENGALURU: Residents of a Bangalore Development Authority (BDA) apartment complex in Gunjur, Mahadevapura Assembly Constituency, were shocked to receive a notice requiring them to establish a Residents’ Welfare Association (RWA) within a week. The notice, dated December 23, 2025, warned that the BDA would cease maintenance of the complex starting January 1, 2026. Residents must inform the Assistant Executive Engineer (Housing) by December 28, 2025, about their plan to form the RWA. Residents express concern over unfinished construction, including an incomplete compound wall, broken lifts, and unresolved maintenance issues. “Some lifts have been out of service, and the contracted maintenance…

Latest StoriesResidential

Delhi: DDA Unveils Phase Two of ‘Towering Heights’ Project

NEW DELHI: On Saturday, the Delhi Development Authority (DDA) launched the second phase of its housing initiative, ‘DDA Towering Heights,’ located in Karkardooma. Supervised by NBCC, this premium residential project features a 48-storey tower, reaching a height of 155 metres, making it the tallest residential building in Delhi. “The scheme includes 741 flats available for retail buyers on a First Come First Serve basis, along with 107 flats designated for bulk allocation to government bodies,” a DDA statement indicated. DDA officials announced that the registration for flats will commence on January 8 and conclude in March of this year. “A…

Latest StoriesResidential

300 Homes for Wayanad Landslide Victims to be Delivered in Feb

THIRUVANANTHAPURAM: Kerala Chief Minister Pinarayi Vijayan announced on Thursday that the state government plans to complete approximately 300 houses with necessary facilities to be handed over in February. This marks the first phase of rehabilitation for victims of the Wayanad landslide disaster. “Our aim is to finish around 300 houses along with essential amenities and provide them to beneficiaries as the initial phase in February,” the CM stated during a press conference. He mentioned that these houses are part of a larger township under development on Elston Estate land, located near the Kalpetta bypass, specifically for families affected by the…

Latest StoriesResidential

Alkem Labs Founder’s Parents Buy ₹63 Crore Penthouse in Bandra

MUMBAI: A septuagenarian couple, Satish Kumar Singh and Premlata Singh, parents of Alkem Laboratories founder Sandeep Singh, have purchased Khar-Bandra’s most expensive penthouse for Rs 63 crore. This sale marks the highest rate for a non-sea facing apartment in Bandra. Dubbed a ‘villa in the sky’, the residence boasts private terraces and a spacious double-height living room. “It truly gives the vibe of a villa in the sky,” according to a source. This luxurious penthouse is situated in S Raheja’s Evergreen Tower on Perry Road, Bandra West, reflecting the growing appetite for single-unit luxury homes in one of Mumbai’s most…

Latest StoriesResidential

Fixed Fee for Property Tax Name Transfers in Tambaram

CHENNAI: In an exciting development for property owners, the Tambaram City Municipal Corporation (TCMC) has reduced fees for property tax name changes and standardized charges from January onwards. Previously, fees were based on the property’s market value, leading residents to pay between ₹15,000 and ₹40,000 depending on their property’s size and value. Going forward, a flat fee of ₹500 will apply for residential properties, while non-residential or commercial properties will incur a charge of ₹1,000. “Greater Chennai Corporation (GCC) charges only ₹500 for property name transfers. Tambaram’s decision to adopt a similar model will significantly lower costs for property buyers…

Latest StoriesResidential

Uttar Pradesh to Discount 10,000 Unsold Ghaziabad Flats by 25%

GHAZIABAD: The Uttar Pradesh government plans to offer discounts of up to 25% to clear a stockpile of nearly 10,000 unsold flats developed by the Ghaziabad Development Authority (GDA) and the UP Housing Board in the city. This initiative is part of the Model Costing Guidelines Basic Principles 2025, aimed at resolving the inventory of unsold flats and plots while standardizing pricing across various development authorities and housing boards. GDA currently has 1,748 unsold flats across five housing schemes. In addition, the housing board has approximately 8,000 unsold units in Ghaziabad, with around 4,000 in the Ganga Yamuna and Hindon…

Latest StoriesResidential

Maharashtra CM urged to revoke MOFA changes, restore rights

File photo PUNE: The Akhil Bharatiya Grahak Panchayat has called on Chief Minister Devendra Fadnavis to rigorously implement the provisions of the Maharashtra Ownership of Flats (MOFA) Act. They are demanding the immediate retraction of recent amendments, which they label unjust, anti-consumer, and contrary to the public interest. These changes reportedly provide “legal immunity” to builders by removing criminal liabilities for violations. The organization emphasizes that law enforcement and relevant authorities should take criminal actions against errant builders and reaffirm ownership and conveyance rights for homebuyers throughout Maharashtra. In a comprehensive memorandum directed to the CM on December 31, the…