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

Bengaluru Residents Face Power Cuts Due to Vacant Flats’ Dues

BENGALURU: Residents of a high-rise apartment complex on Bannerghatta Road experienced a day-long power outage due to a dispute between the builder and the Bangalore Electricity Supply Company (Bescom). On Wednesday, Bescom disconnected the electricity for the apartment complex over unpaid dues totaling Rs 2 lakh. Residents of Disha Loharuka Solaris in Gottigere shared their concerns on social media, stating the power was cut because of unpaid dues from 30 empty flats, affecting all 150 households in the building. One resident, Binay Biswal, criticized Bescom for the blanket disconnection, suggesting that they should only cut power to the flats that…

Latest StoriesResidential

Developers Embrace Integrated Living as Homebuyers Seek Convenience

Representative image NEW DELHI: Luxury home developers are increasingly integrating high-street retail into residential projects as buyers seek convenience and lifestyle amenities in their living spaces. Builders such as DLF, Hero Realty, M3M, Tribeca, and Central Park are incorporating boutique retail ventures into their developments. According to a JLL study, mixed-use townships account for 35% of residential absorption in major cities by creating a blend of living, retail, office, and entertainment spaces. “Walkable, high-street retail has become an emblem of modern living in Gurugram, but such integrated urban experiences have been rare in New Delhi. Our upcoming high-street retail project…

Latest StoriesResidential

Dehradun: Rispana Bank Residents Seek EWS Flats Amid Demolition

DEHRADUN: Residents of Kathbangla colony near the Rispana riverbank are living in fear of their homes being demolished as they await the EWS flats promised by the Dehradun Municipal Corporation. On November 21, the Mussoorie Dehradun Development Authority (MDDA) served eviction notices to 116 families, instructing them to vacate their homes within 15 days or face demolition. This action is in response to a National Green Tribunal (NGT) ruling prohibiting encroachments on river floodplains. More than a month has passed since the notices were issued, and relocation has yet to occur, leaving residents anxious about the threat of sudden demolition.…

Latest StoriesResidential

Stamp Duty Relief for Homebuyers in Tamil Nadu

CHENNAI: Homebuyers in Tamil Nadu purchasing first-sale apartments and villas will benefit from new regulations allowing them to use stamp duty and registration fees previously paid on construction agreements (made before December 1, 2023) as a set-off against the composite value of land and buildings during sale deed registration. According to the new directive, buyers registering composite sale deeds for first sales of apartments, villas, or similar properties can deduct the fees paid on earlier construction agreements for the identical structure. This applies to sales registered from December 1, 2023, onward, provided the construction agreements were registered before November 30,…

Latest StoriesResidential

Arjun Sharma Acquires South Delhi Property for ₹125 Crore

Representative Image Arjun Sharma, co-founder of Delhi’s Select City Walk mall and now a non-executive director at Nexus Select Trust, has acquired an extensive bungalow in South Delhi’s West End for ₹125 crore, according to exclusive documents from the data analytics firm CRE Matrix. Sharma purchased the property through Select World Tours, where he serves as director. Documents indicate that Sharma has paid ₹8.75 crore in stamp duty for this transaction. “West End remains highly desirable as there are only about 100 bungalows, and sales are rare. The colony has A, B, and C sections, each with distinct plot sizes.…

Latest StoriesResidential

J Estates Expands into Senior Living Housing Sector

NEW DELHI: J Estates is venturing into the senior living housing sector as part of its diversification strategy. The company plans to launch three senior living projects in Gurugram, spanning over eight acres and totaling approximately 450 units. The anticipated gross development value (GDV) of these projects is ₹2,100 crore. According to the United Nations Population Fund (UNFPA), the senior population in India (aged 80 and above) is expected to grow by around 279% between 2022 and 2050. Published On Dec 24, 2025 at 05:00 PM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter for the…

Latest StoriesResidential

One Year Later: No GR on NA Tax Abolition; Housing Societies Seek Clarity

PUNE: Over a year after the state cabinet’s decision to eliminate the non-agricultural (NA) tax in urban regions, cooperative housing societies in Maharashtra still lack clarity due to the absence of an official government resolution (GR). The Maharashtra State Housing Federation has reached out to Chief Minister Devendra Fadnavis and Revenue Minister Chandrashekhar Bawankule, requesting a GR to clarify the situation and organize awareness initiatives for consistent implementation across the board. Without a formal notification, housing societies—particularly those outside gaothan areas—remain uncertain if they are still required to pay the tax, as indicated in their letter. In October 2024, the…

Latest StoriesResidential

Lucknow body waives back fees on vacant flats in old schemes

LUCKNOW: In a significant relief for homebuyers, the Lucknow Development Authority (LDA) has decided to waive three years of backdating maintenance charges for individuals purchasing vacant flats in older housing schemes. The LDA Board approved this decision, and official orders have been dispatched. Previously, the authority collected maintenance fees for the last three years from buyers during the registry or possession process, calculated from the initial registry date following construction completion, even if the flats were unsold and unoccupied. Buyers contested this, stating they should not be liable for payments during a time when they neither owned nor occupied the…

Latest StoriesResidential

Shapoorji Pallonji Enters Plotted Development Market

Representative AI image NEW DELHI: Shapoorji Pallonji Real Estate (SPRE) has ventured into the plotted development sector with its new project, Treetopia, which spans 105 acres in Pune. The project is expected to yield an estimated revenue of ₹600 crore, featuring 483 residential plots ranging from 2,000 to 6,000 sq ft. These N.A. plots will come with individual 7/12 certificates, allowing buyers to construct independent villas tailored to their preferences. Published On Dec 22, 2025 at 10:48 AM IST Join a community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox.…

Latest StoriesResidential

Fixed Fee for Transferring Common Areas in Odisha Flat Sales

BHUBANESWAR: To facilitate smoother sale deed registrations for apartments, the revenue and disaster management department has issued an important notification establishing a fixed fee for the transfer of common areas to the association of allottees under the Odisha Apartment (Ownership and Management) Act, 2023. Through this notification, amendments have been made to the Registration Act of 1908, introducing a fee of ₹20,000 for the transfer of common areas during the sale deed execution between the promoter and the association of allottees. Previously, the lack of a defined fee led to confusion and issues surrounding property registrations in the state. The…