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

Ghaziabad Body to Collaborate with NBCC for Tulsi Niketan Redevelopment

GHAZIABAD: Four months after a balcony collapse claimed two lives in Tulsi Niketan, the Ghaziabad Development Authority (GDA) is partnering with the National Buildings Construction Corporation (NBCC) for redevelopment of the deteriorating colony in Bhopura area. On Friday, the GDA held a meeting with NBCC officials to discuss a redevelopment plan. “Tulsi Niketan is on the city’s ‘unsafe colony’ list. During the meeting, NBCC was tasked with preparing a pre-feasibility report for the revamp project, due in a week,” stated GDA Secretary Rajesh Kumar Singh. “NBCC will later create a detailed project report and may proceed with redeveloping the entire…

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Gurugram: Homebuyers protest as MRG Meridian flats remain undelivered

GURUGRAM: Homebuyers of the MRG Meridian project in Sector 89 held a protest, demanding timely possession of their long-delayed flats. The allottees, who participated in a draw on February 18, 2019, reported that the project received environmental clearance in October 2019 and was originally promised for possession by September 2023. Despite numerous follow-ups, the builder has not delivered the homes, resulting in a two-year delay. Protesters expressed that the builder’s recent assertion of having applied for an occupation certificate (OC) offers little comfort as families struggle with financial strain from the extended wait. “The builder’s claim of applying for an…

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Mumbai: FIR Filed Against Shaad Realty Over 11 Years of Rent Issues

MUMBAI: Shakir Shah and his wife, Fatema Shah, have been caught in a state of uncertainty for over a decade. Redevelopment of their Mhada building in Mazgaon began in 2014, and while the project was completed over a year ago, the family has yet to receive transit rent. Moreover, they have not been given possession of the four flats valued around Rs 7 crore that were allocated to them. Allegedly, the developer, who took over after two prior companies exited the project, sold the flats to third parties. Based on Mhada’s complaint, the Byculla police have filed an FIR against…

Latest StoriesResidential

200+ M3M Golf Estate Residents Protest Builder in Gurugram

GURUGRAM: Over 200 residents of M3M Golf Estate in Sector 65, together with the Golf Estate Action Group (GEAG), staged a protest march on Sunday, accusing the developer of making “unilateral decisions” without including homeowners in key discussions. A primary concern was the non-disclosure and alleged misuse of the interest-free maintenance security (IFMS) fund, estimated at over Rs 100 crore. Residents claimed that proper accounting has not been provided despite repeated inquiries. Additional issues included unexpected increases in common area maintenance (CAM) and electricity (CAE) charges. The silent march commenced at 10 AM from Elevate Club, with residents carrying placards…

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Supreme Court Permits Conditional OCs for 450 Noida Flats

NOIDA: The Supreme Court has instructed the Noida Authority to issue conditional occupancy certificates for six residential towers in the Sports City project, Sector 150, providing a significant, albeit partial, victory for over 450 families awaiting their homes in Godrej Nest. The ruling was made by Justices MM Sundresh and Satish Chandra Sharma, in response to a petition from Brick Rise Developers, part of the Sector 150 project led by Lotus Greens Constructions. Brick Rise contested a February order from the Allahabad High Court that was unfavorable to the developers, citing issues such as irregularities, delays, and unpaid dues. The…

Latest StoriesResidential

No Occupancy Certificate Required for Buildings Over 1,200 Sq Ft

Sure! Here’s a rewritten version of the content: The Karnataka Cabinet has announced that buildings on plots exceeding 1,200 sq ft within Bengaluru’s jurisdiction will no longer require an Occupancy Certificate (OC). This decision follows a Supreme Court ruling that mandated OCs for power connections, impacting more than 330,000 completed structures in the state that were left without electricity due to the absence of approved plans and OCs. With numerous applications still pending in Bengaluru, the Cabinet aims to offer a one-time relief by drafting a special law to facilitate electricity connections for these buildings. However, the Advocate General noted…

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Kolkata: West Bengal Lowers Circle Rates in Select Areas

KOLKATA: The state government has revised the circle rates in various localities in Kolkata, including Salt Lake and New Town, addressing concerns that recent increases of 80%-90% significantly raised the financial burden of stamp duty and registration fees for homebuyers. According to insiders from the directorate of registration and stamp revenue in the finance department, this adjustment of the circle rate—which establishes the minimum property price for official sale and purchase registration—was made in response to appeals from organizations such as the West Bengal chapter of the Confederation of Real Estate Developers Association of India (Credai). They pointed out discrepancies…

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Ludhiana Suvidha Kendras Open on Weekends for Property Tax

LUDHIANA: The MC Suvidha Kendras will be open during regular hours on Saturday, September 27, and Sunday, September 28, to assist residents in claiming a 10% rebate on property tax for the current financial year. This 10% rebate on property tax payments for the fiscal year 2025-26 can be availed until September 30. No penalties will be applied for tax payments made between October 1 and December 31. However, a 10% penalty will be assessed for payments made from January 1 to March 31. If property tax is not paid by March 31, a penalty of 20% will be imposed.…

Latest StoriesResidential

Pune: Lokmanyanagar Residents Divided on Development Plan

PUNE: Following opposition from a group of residents in Lokmanyanagar against a cluster development proposal along Shastri Road, another faction, represented by the Lokmanyanagar Rahivasi Sangh, has voiced its support, claiming it will contribute to the overall development of the area. During a press interaction on Thursday, these residents expressed their perspectives on the redevelopment of aging buildings. This issue gained attention after the state government halted redevelopment plans upon receiving a letter from local MLA Hemant Rasane advocating for cluster development. “Various media outlets have spotlighted this issue, leading to perceptions of irregularities tied to redevelopment and political maneuvers.…

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Prayagraj agency receives 63,000 PMAY home applications

PRAYAGRAJ: Over 63,000 individuals have submitted applications for homes through the Pradhan Mantri Awas Yojana (PMAY), reported Pratibha Srivastava, project director of the District Urban Development Agency (DUDA). The agency aims to provide homes to 1.2 lakh residents of Sangam City, and is currently in the process of screening applications. Last year, 26,437 eligible applicants received housing under the scheme. Srivastava anticipates an increase in applicants. So far, 20,000 applications have been screened, with 70% deemed eligible. The screening of the remaining applications is ongoing, and DUDA will accommodate all eligible applicants. In addition to DUDA, the Prayagraj Development Authority,…