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

Mumbai’s July 2025 Property Registrations Hit ₹1,101 Crore

NEW DELHI: In July 2025, Mumbai (under the BMC jurisdiction) registered 12,366 properties, generating ₹1,101 crore in revenue through stamp duty. This represents a year-on-year growth of 3%, spurred by an increase in high-value transactions. Compared to the previous month, property registrations rose by 7%, while stamp duty collections increased by 6%. In the first seven months of 2025, Mumbai saw over 88,426 property registrations, a 4% year-on-year uptick. The associated revenue grew by 13% to ₹7,832 crore. Shishir Baijal, chairman and managing director at Knight Frank India, remarked, “Mumbai’s residential sector is showcasing robust buyer confidence, with monthly registrations…

Latest StoriesResidential

Mumbai Chawl Residents Protest BEST’s Power, Water Cuts

Representative image created by AI MUMBAI: The Elphinstone Bridge is back in the news as residents of a nearby chawl report harassment from Brihanmumbai Electric Supply and Transport (BEST) officials. A resident from Haji Noorani Chawl mentioned that on Tuesday, BEST officials attempted to cut off the electricity supply and warned that water would also be discontinued. “Today, BEST officials informed us that MHADA requested to disconnect electricity and water at Haji Noorani Chawl, stating that the building is unsafe. We gathered and prevented them from cutting off the supply,” said Munaf Thakur, Secretary and resident of the chawl. He…

Latest StoriesResidential

Haryana CM Offers 100 Sq Yards Plot to 1 Lakh Poor Families

KURUKSHETRA: On Wednesday, Haryana Chief Minister Nayab Singh Saini announced that one lakh families classified as ‘Antyodaya’ without land will soon receive a plot of 100 square yards each. “Following this achievement, we will begin selecting an additional 1 lakh beneficiaries,” he stated. The Chief Minister made these remarks during an event in various villages within the Ladwa constituency, as per an official statement. He reiterated the government’s commitment to providing plots to underprivileged families, ensuring “a roof over every head.” Saini criticized the previous Congress administration for making empty promises regarding the distribution of 100-square yard plots to the…

Latest StoriesResidential

Bhubaneswar to Offer Affordable Housing to Slum-Dwellers via Lottery

BHUBANESWAR: On Wednesday, the Bhubaneswar Development Authority (BDA) conducted a lottery to distribute homes to 38 beneficiaries through its Affordable Housing Projects (AHP) and In-situ Slum Redevelopment (ISSR) initiatives. The purpose of these schemes is to offer secure and dignified housing for the urban poor living in slums and informal settlements. The allocation involved 24 beneficiaries receiving homes at Barunei Enclave AHP in Subudhipur, nine at Santi Nagar Awas Yojana (Keshari Residency), and five at the Nilamadhab Awas scheme in Chandrasekharpur. BDA Vice-Chairman N Thirumala Naik, present at the event, highlighted the authority’s commitment to inclusive urban development. “Our goal…

Latest StoriesResidential

Prayagraj to Conduct Flat Allotment Lottery on August 5

Representative image PRAYAGRAJ: The Prayagraj Development Authority (PDA) is set to conduct a transparent lottery for the allocation of flats in 12 residential schemes throughout various city locales. From June 25 to July 15, online applications were accepted, attracting 154 eligible applicants eager to secure a housing opportunity. The lottery draw is scheduled for August 5, commencing at 11:30 am at the PDA’s Indira Bhawan in Civil Lines. The lottery will be executed openly and fairly, guaranteeing equal chances for all registered applicants. The process will continue until all flats are assigned. Authorities urge all applicants who registered online to…

Latest StoriesResidential

Uttar Pradesh: 1% Stamp Duty Relief for Women Buyers on Homes Up to ₹1 Crore

NOIDA: Women buying properties or land worth up to Rs 1 crore will now receive a 1% stamp duty waiver, following a recent update from the UP cabinet that raised the property cap for the discount from Rs 10 lakh. In Noida and Ghaziabad, stamp duty ranges from 6-7% of the total flat cost, plus an additional 1% processing fee for registration. The updated limit, effective from July 29, allows women to save up to Rs 1 lakh during property registration. Brijesh Kumar from the AIG-2 (stamp department) informed TOI that approximately 30% of properties registered monthly in Noida are…

Latest StoriesResidential

Gurgaon plans significant increase in circle rates

GURUGRAM: Property prices in Gurugram are poised for a significant increase, with the district administration proposing a rise in circle rates ranging from 8% to 77% for residential areas, and up to 145% for agricultural land. Circle rates represent the minimum price at which land or property can be sold and are legally binding, unlike market rates that fluctuate based on demand and supply. The proposed increases, particularly in premium neighborhoods such as DLF I-V, South City, Suncity, Sushant Lok, and Golf Course Road, are suggested to be around 10-20%. For luxury flats in DLF Aralias, The Magnolias, and Camellias…

Latest StoriesResidential

Lucknow: After 21 Years, Man Still Awaiting LDA Plot Possession

LUCKNOW: Harish Chandra Agarwal has endured a 21-year wait to gain possession of a plot he secured with the Lucknow Development Authority. Although the plot in the Ramnagar Housing Scheme was allotted in 2004, Agarwal’s anticipation remains unfulfilled. Agarwal expressed his discontent during the LDA’s Nagrik Suvidha Diwas on Tuesday. He mentioned that of the 80 plots allotted by the LDA in Ramnagar, only 60 have been handed over. The remaining 20 plots are reportedly encroached upon by a local figure, Prakash Yadav, who has constructed illegal slums on them and continues to collect rent from the residents, as claimed…

Latest StoriesResidential

Jharkhand Property Prices Set to Rise from August 1

RANCHI | JAMSHEDPUR: Starting August 1, the cost of purchasing a dream home in the state—including Ranchi and non-Tata command areas of Jamshedpur—will see an increase due to a revision in real estate prices. This adjustment will lead to approximately a 10% hike in the prices of both residential and commercial properties in Steel City. Notably, the new rates will not apply to Tata sub-lease land in Jamshedpur. According to officials from the registration department, the last revision occurred in 2023. Ranchi district sub-registrar Vaibhav Mani Tripathi remarked, “The rates for residential and commercial properties in Ranchi’s urban areas—including 53…

Latest StoriesResidential

Property Allottees Must Get UAN by Aug 31: Bhubaneswar Body

Representative image created by AI BHUBANESWAR: The Bhubaneswar Development Authority (BDA) announced on Tuesday that all property allottees are required to obtain a Unique Account Number (UAN) by August 31. This digital initiative aims to transform BDA’s service delivery and improve transparency in property transactions. The UAN is a 12-digit number that will provide access to various online services, including asset allotment, lease deed execution, no-objection certificates (NOCs) for loans, asset transfers, and conversion of leasehold properties to freehold status. Allottees can generate their UAN by visiting the BDA’s official website (www.bda.gov.in), according to an official statement. The BDA will…