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

Gurugram’s Garden Estate Faces Unapproved Structural Changes

GURUGRAM: The Department of Town and Country Planning (DTCP) has issued a notice to the Garden Estate Residents’ Welfare Association (RWA) in Sector 24 regarding unauthorized structural modifications made by homeowners. Officials stated that inspections conducted after numerous complaints revealed that several residents had expanded or altered their units without securing the necessary approvals. Garden Estate, a group housing society, prohibits individual changes without authorization, and the RWA has been instructed to monitor and report such activities promptly. Failure to comply could lead to legal repercussions, as resident bodies are responsible for upholding urban planning regulations. DTP (enforcement) Amit Madholia…

Latest StoriesResidential

BKC Tenants Seek Bombay HC for Their Rightful Homes

MUMBAI: Continuing their longstanding battle for what they believe is their rightful entitlement, the appellants of Basera SRA Cooperative Housing Society in Bharat Nagar, Bandra Kurla Complex (BKC), have filed writ petitions in the Bombay High Court. They are seeking larger 550 sq ft units instead of the smaller 225 sq ft options proposed under the Slum Rehabilitation Scheme. The petitioners argue that Basera society should not be classified as a slum, and therefore, they are entitled to 550 sq ft flats in accordance with MHADA 33(5) of DCPR. A boost for the petitioners comes from the Apex Grievance Redressal…

Latest StoriesResidential

Goa Housing Board to Use PPP/JV for Residential Projects Completion

Representative image PANAJI: The Goa Housing Board (GHB) plans to finalize stalled residential projects via joint ventures or public-private partnerships (PPP). They will hire a consultant for transaction advisory and developer selection. Chairperson Jit Arolkar stated, “We will complete all incomplete projects either through joint venture or PPP.” The board will first finish a partially constructed residential complex at Porvorim, which is already 50% complete, with an approved architectural design in place. The project site is located in a prominent residential area in North Goa, offering excellent connectivity to Panaji, Mapusa, and the National Highway. Its proximity to schools, hospitals,…

Latest StoriesResidential

Margao House Tax Soars 300% with New Council Method

MARGAO: The Margao Municipal Council (MMC) has introduced a new capital value method for calculating house taxes, resulting in over a 300% hike for new residential and commercial properties. The transition to this new formula was prompted by a directive from the Directorate of Municipal Administration and formalized through a council resolution on January 3, according to MMC sources. This method significantly increases the tax burden on new property owners. For instance, the annual house tax for a 100sqm residential flat has surged from Rs 2,000 under the previous system to Rs 6,600 under the new capital value method—marking a…

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Gentex Acquires Lutyens’ Bungalow for ₹310 Crore

Representative Image Gentex Merchants Pvt Ltd, associated with Lakshmi Mittal, has acquired a 3,540 square yard bungalow on APJ Abdul Kalam Road in the prestigious Lutyens’ Bungalow Zone of Delhi for Rs 310 crore. This property was previously owned by Yashwant Singh, a member of the Alwar royal family in Rajasthan. Singh recently purchased an 867 square meter bungalow in Golf Links for Rs 100 crore. According to the sale deed obtained by RealtyDailyNews, Gentex Merchants paid Rs 21.7 crore in stamp duty for the deal, which was registered in June. The company has not responded to RealtyDailyNews’s email inquiry…

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Mumbai: Cabinet Approves 98 Housing Societies Redevelopment in Andheri

MUMBAI: On Tuesday, the cabinet approved a redevelopment initiative for 4,973 flats across 498 plots in Sardar Vallabhbhai Patel (SVP) Nagar, Andheri (West), executed by Mhada. Officials revealed that this land was allocated in 1993 as part of a World Bank project, comprising 98 cooperative housing societies. It includes 24 plots with high-income group apartments, along with 62 plots of 60 sq m and 245 plots of 100 sq m. “Mhada plans to redevelop the existing buildings following the BMC’s Development Control Rules (DCR). This community redevelopment will incorporate modern basic facilities, enabling residents to enjoy spacious homes. The comprehensive…

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Suraj Estate Developers unveils ₹250 crore Mumbai project

MUMBAI: Suraj Estate Developer, a Mumbai-based real estate firm, has introduced a luxury residential project valued at Rs 250 crore, as revealed in an exchange filing. The 29-storey venture, named Suraj Park View 1, is a premier residential tower situated at Shivaji Park, Dadar (West). Rahul Thomas, Whole-Time Director at Suraj Estate Developers, commented, “The launch of Suraj Park View 1 embodies Dadar’s cultural essence while addressing the modern homebuyer’s aspirations. Dadar continues to stand as one of Mumbai’s most resilient micro-markets, fueled by strong end-user demand.” The project spans a saleable carpet area of 0.53 lakh sq. ft. and…

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Kerala CM to Inaugurate RAY Flats in Fort Kochi on Sept 27

KOCHI: After years of anticipation, Chief Minister Pinarayi Vijayan will inaugurate housing complexes under the Rajiv Awas Yojana in Fort Kochi on September 27. The project will benefit 394 families, primarily from slum areas in Mattancherry. Two new housing complexes have been developed at Thuruthy. The first complex was constructed by the city corporation as part of its own initiative, while the second was built by Cochin Smart Mission Ltd (CSML) on behalf of the Kochi corporation. The municipality constructed the first tower over an area of 10,796.42 sq m at a cost of Rs 41.74 crore. It comprises 199…

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Gurugram MP: Scrap OCs for Water-Wasting Housing, Industries

GURUGRAM: Union minister and Gurgaon MP Rao Inderjit Singh highlighted on Saturday the rampant violations of water conservation regulations in residential homes and industrial facilities. He emphasized the need for biannual inspections of water conservation measures even after occupancy certificates (OC) are granted. If any deficiencies are identified, the OCs should be revoked. Singh noted that although legislation is in place for significant residential and industrial projects to conserve water, adherence to these laws is insufficient. Rao pointed out that builders, along with owners of large residential plots and industrial entities, are obliged to implement water conservation practices before being…

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Government to expedite land rights for Bengali families in Gadchiroli

NAGPUR: Revenue Minister Chandrashekhar Bawankule announced on Friday that efforts will be accelerated to grant land ownership rights to approximately 40,000 Bengali families in Gadchiroli. These families originally migrated from East Pakistan following the partition. This decision brings significant relief to the descendants of those who fled East Pakistan and established their lives on land that they have never owned. Earlier reports indicated that government intervention had facilitated land ownership for families from West Pakistan. Bawankule stated that the district collector has been instructed to prepare a priority proposal so that the long-standing matters of ownership transfer can finally be…