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

Allottee Loses Mysuru Site for Not Paying Auction Price

Sure! Here’s a rewritten version of your content: Representative image MYSURU: The Mysuru Development Authority (MDA) has annulled the allocation of a 745 sqft corner plot in the upscale Vijayanagar IV Stage in west Mysuru because the winning bidder did not finalize the necessary formalities. The bidder had offered Rs 2 crore against a base price of Rs 59.6 lakh. K.R. Rakshith, the MDA in-charge commissioner, confirmed to TOI on Thursday that the cancellation was due to the bidder’s failure to remit 25% of the bid amount by the stipulated deadline. According to the commission, the bidder cited a personal…

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Lucknow: ₹150 Crore Land in Gomtinagar Extension Cleared of Encroachments

Representative AI image LUCKNOW: On Thursday, the Lucknow Development Authority (LDA) demolished approximately 18 illegal structures in Gomtinagar Extension, reclaiming 10,500 sqm of acquired land valued at around Rs 150 crore. The operation was executed under the guidance of LDA vice-chairperson Prathamesh Kumar. According to additional secretary Gyanendra Verma, the land in Maleshemau village was acquired in 2000 as part of the Amar Shaheed Path–Gomtinagar Extension scheme. However, several individuals illegally occupied the land and constructed structures on Khasra numbers 406, 407, 408, and 409 in Sector 6. These encroachments were identified in a recent survey initiated by the LDA…

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Goa to Regularize 20-Point Plots; Collectors Can Issue Sanads

Representative AI image PANAJI: The revenue department is taking steps to regularize residential plots allocated under the 20-Point Programme scheme for underprivileged sections, addressing long-standing challenges faced by allottees in obtaining necessary clearances and financial aid. A recent circular from the revenue department indicates that district collectors in both North and South Goa are now empowered to directly issue Class I sanads, even for lands valued over Rs 50,000, without needing to consult the council of ministers. Once regularized, these grants will be classified under Section 37B of the Goa Land Revenue Code, 1968. Beneficiaries are also permitted to approach…

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Kerala Govt Ensures Steady Funds for Life Mission Houses

THIRUVANANTHAPURAM: M B Rajesh, the local self-government and excise minister, assured the assembly on Wednesday that the state government is dedicated to resolving delays in fund disbursements for housing construction under the Life Mission project, emphasizing significant progress made thus far. In response to a query from Congress MLA P C Vishnunath, Rajesh reported that since the project’s initiation in 2017 until September 16, 2025, 595,536 beneficiaries have been identified. Out of this number, 462,412 families now occupy completed homes, while an additional 133,124 houses are in various stages of construction. “By the end of the current government’s tenure, over…

Latest StoriesResidential

Gurugram: Three Towers Brought Down at Chintels Paradiso

GURUGRAM: A review meeting of the internal committee for Chintels Paradiso in Sector 109 took place at the DC office on Wednesday. Officials discussed the current status of the demolition efforts at the site, but the proceedings were kept private. A senior official mentioned that neither the builder nor the president of the resident welfare association (RWA) were invited to the meeting, which only covered updates. Rakesh Hooda, president of the Chintels Paradiso RWA, stated they were excluded from the meeting and had not received any minutes regarding the discussion. Officials from the Department of Town and Country Planning (DTCP)…

Latest StoriesResidential

SEBI Leases ₹7L/month Apartment for Chairman in Prabhadevi

Here’s a rewritten version of the provided content: The Securities and Exchange Board of India (SEBI) has leased a luxury apartment in the upscale Prabhadevi area of south Mumbai for its chairman, with a monthly rent of ₹7 lakh. The three-year lease, signed on September 3, 2025, covers a five-bedroom unit spanning 3,000 sq ft in a premium residential complex overlooking the Arabian Sea. The current Chairman of the capital market regulator is Tuhin Kanta Pandey, who assumed office on March 1. Situated on the 51st floor of Rustomjee Crown, which is part of a 5.75-acre development, the apartment includes…

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Mahindra Lifespaces to Redevelop Two Chembur Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development branch of the Mahindra Group, is set to redevelop two housing societies in the Diamond Garden area of Chembur, Mumbai. According to Vimalendra Singh, Chief Business Officer (Residential) at the company, “Redevelopment continues to be vital in our growth journey. It allows us to deliver high-quality residential projects to areas with strong demand.” The two societies cover approximately 2.6 acres and 1.8 acres, with a combined gross development potential of around ₹1,700 crore. Published On Sep 17, 2025, at 09:16 AM IST Join 2M+ industry professionals! Subscribe to…

Latest StoriesResidential

Residents leave Signature View flats as DDA offers rent aid

NEW DELHI: Residents of Signature View apartment in Mukherjee Nagar are gradually vacating their homes after the Delhi Development Authority (DDA) began offering monthly rent assistance to those who have relocated. According to the Resident Welfare Association (RWA) of Signature View, families in three-bedroom apartments receive ₹50,000 a month, while those in two-bedroom units receive ₹38,000 monthly. Amrendra Rakesh Singh, president of the RWA, stated, “By the end of August, around 200 families had vacated the building. Approximately 110 families are expected to leave before the court-imposed deadline of October 1.” The apartments are set for demolition after an IIT…

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Buyers Await RERA Action on Delayed Uttar Pradesh Project

LUCKNOW: The Palacio Imperial White Buyers Association submitted a formal complaint in June 2025 but is still awaiting the first hearing from Uttar Pradesh RERA, raising issues about regulatory delays and inaction. The association invoked Section 7 of the Real Estate (Regulation and Development) Act, 2016, requesting the transfer of the stalled Palacio Imperial White project (UPRERAPRJ13910) from Tulsiani Infraventure Private Limited due to the developer’s prolonged failure to complete the development. Association president, Manoj Kumar Bhagat, expressed his disappointment and emphasized the urgency for intervention to protect the legal and financial interests of homebuyers. “The builder promised to finish…

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Paying house tax alone doesn’t legalize structures: GCZMA

PANAJI: The Goa Coastal Zone Management Authority (GCZMA) has issued orders for the demolition of several illegal structures, including beach shacks and unauthorized extensions to hotels and resorts, along the turtle nesting beach of Agonda in Canacona. The GCZMA clarified that paying house tax to the local panchayat does not legitimize a structure. It stated that house tax collection is merely for revenue purposes and does not serve as evidence of a structure’s legality. The GCZMA received a complaint last year regarding “rampant illegal construction” aimed at commercial benefits within the CRZ area of Agonda, which is designated as a…