Latest StoriesResidential

Bengaluru Buyers Shocked by Multiple Sale Deals on One Apartment

BENGALURU: A troubling case has emerged where a builder entered into sale agreements for the same flat with three different buyers. Homebuyers must exercise caution when entering into agreements with unscrupulous builders. Alarmingly, even nationalized banks are sanctioning housing loans without conducting necessary due diligence. Employees at the Sub-Registrar Offices seem eager to process sale deeds, although the reasons for this remain unclear. It’s common for them to register multiple agreements on the same property, particularly if the agreements list varying carpet area sizes. Authorities at these offices do not question the legitimacy of agreements, simply proceeding with registrations if…

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Yasmin Karachiwala Acquires Two Bandra West Apartments for ₹37.5 Cr

MUMBAI: Celebrity fitness expert Yasmin Karachiwala, aged 55, has made headlines by acquiring two luxury 4-BHK ocean-view residences totaling Rs 37.5 crore at the prestigious Paradigm Superstar-Signature Edition (Marquis Collection) located in Bandra West. Known for training stars like Katrina Kaif, Deepika Padukone, Bipasha Basu, and Hrithik Roshan, Karachiwala invested in approximately 1,882 sq ft of real estate and incurred about Rs 83 lakh in stamp duty alongside a registration fee of Rs 3,000, according to a source at the Sub-Joint Registrar in Bandra. In addition to her own luxury purchase, sources reveal that Karachiwala encouraged her niece, Shirin Qureishi,…

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Allottees seek amenities, cite design flaws in Kempegowda Layout

File Photo BENGALURU: While the Bangalore Development Authority (BDA) has expedited work on the Nadaprabhu Kempegowda Layout (NPKL) between Mysuru Road and Magadi Road, residents in III and IV Blocks have raised urgent concerns regarding “critical bottlenecks” that might hinder habitation if not resolved promptly. Allottees appreciate the enhanced pace of land acquisition and development under the current administration; however, they assert that the layout is still not suitable for living. Although several houses are built and more are under construction, foundational issues like inadequate infrastructure and unclear design are becoming significant obstacles. One major issue is the absence of…

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Delhi CM: Poor Families to Get Flat Keys in New Year

File Photo NEW DELHI: The Delhi Government is actively working to not only provide shelter but also ensure a dignified and well-equipped life for residents belonging to the Economically Weaker Sections (EWS), as stated in an official release. Delhi Chief Minister Rekha Gupta highlighted that community amenities are being enhanced in existing EWS residential colonies under the Delhi Urban Shelter Improvement Board (DUSIB). The Government aims to offer more than just housing; it seeks to ensure that the marginalized have access to education, healthcare, sanitation, water supply, green spaces, and employment opportunities. Developing essential and social infrastructure in larger colonies…

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Property Registrations Fall Amid Rising Land Prices in Haveri

HAVERI: The Haveri sub-registrar’s office has witnessed a significant drop in property registrations over the last eight months due to skyrocketing land prices and an increase in private layouts. Registrations, which once averaged around 2,000 monthly, fell to 1,023 in April, 875 in October, and only 469 so far in December, according to sub-registrar Sanjeev Kapali. The ongoing decline reflects buyer reluctance stemming from rising prices and insufficient affordable options, despite private developers continually launching new layouts on the outskirts of the city. Between April and November, stamp duty and registration fees reached over Rs 17.2 crore. The situation has…

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Union Minister Launches Smart City Housing Project

PUDUCHERRY: Union Minister of State for Home Affairs, Nityanand Rai, inaugurated a multi-storied tenement under the Puducherry Smart City Mission on Saturday. Located in Chinnayapuram hamlet, these tenements provide affordable housing for the economically disadvantaged. The initiative benefited 220 sanitary workers who previously resided in deteriorated buildings, according to an official release. The event was attended by Lt Governor K Kailashnathan, Chief Minister N Rangasamy, PWD Minister K Lakshminarayanan, Puducherry Assembly Speaker R Selvam, Home Minister A Namassivayam, and BJP local president V P Ramalingam. The tenements consist of six blocks, equipped with essential infrastructure including internal roads, drinking water…

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Odisha Minister Delivers PMAY-U Work Orders in Sambalpur

SAMBALPUR: On Friday, Union Education Minister Dharmendra Pradhan issued work orders under the Pradhan Mantri Awas Yojana (Urban) and distributed welfare scheme benefits at an event in Sambalpur district. He announced that 855 urban poor families would receive work orders totaling Rs 2.5 lakh each under PMAY (Urban) to build safe and quality homes, marking a significant step towards inclusive urban development. During the event at Gangadhar Meher University auditorium, benefits of the Madhu Babu Pension Yojana were also distributed. Attendees included Rural Development, Panchayati Raj, and Drinking Water Minister Rabi Narayan Naik, Sambalpur MLA Jayanarayan Mishra, District Collector Siddheshwar…

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2025 Housing Sales Dip 14%, Values Up 6%: Anarock Report

NEW DELHI: Housing sales in India’s top seven cities fell by 14% year-on-year in 2025, totaling approximately 396,000 units. This decline has been attributed to rising prices, economic uncertainty, and layoffs in the IT sector, as per Anarock Research. Nevertheless, the total sales value of homes increased by 6% to over ₹6 lakh crore, indicating ongoing demand for higher-end properties. In comparison, around 460,000 units valued at nearly ₹5.68 lakh crore were sold in 2024. The Mumbai Metropolitan Region (MMR) led sales with approximately 128,000 units in 2025, despite an 18% decline from the previous year. Pune followed closely with…

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KHB Seeks Applications for New Residential Layout in Chamarajanagar

MYSURU: The Karnataka Housing Board (KHB) is set to develop a new residential layout in Chamarajanagar, adding to the three existing layouts in the city. The KHB is currently conducting a demand survey to identify land for this new initiative, aimed at catering to the increasing housing needs in the area. The existing layouts, including sites and houses, have been successfully allocated at the Old Housing Board Colony near Ramasamudra and another location close to Dr. BR Ambedkar Stadium. Now, it is moving ahead to establish its fourth layout through a public-private partnership near Uttuvalli in Kasaba Hobli, having signed…

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Govt to Launch SWAMIH-2 Fund for 1 Lakh Stalled Homes

NEW DELHI: The government is in the final stages of shaping the SWAMIH-2 Fund, aimed at providing last-mile financing for the completion of delayed housing projects, according to sources. The introduction of the ₹15,000-crore fund is expected to benefit nearly 100,000 middle-class homebuyers whose investments are in limbo despite ongoing EMI payments on their housing loans. To support this initiative, the government has set aside ₹1,500 crore as seed capital for the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund in the 2025-26 budget. The mandates for the new fund are currently being finalized, with clearance anticipated soon. It…