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: Thousands in Dharavi to Relocate to Transit Homes

MUMBAI: A few thousand residents of Dharavi will need to relocate to temporary or rental accommodation as part of the Dharavi Redevelopment Project (DRP), according to Mahendra Kalyankar, CEO of the Slum Rehabilitation Authority (SRA) and in charge of the DRP. This statement contradicts previous commitments for key-to-key rehabilitation. Kalyankar emphasized that such relocations are a part of any extensive urban regeneration effort. “Our immediate goal is to initiate construction and commence rehabilitation as soon as possible,” he stated. The SRA/DRP has recently delivered eviction notices to 42 residents of Meghwadi-Ganesh Nagar in Sector 1 to facilitate the laying of…

Latest StoriesResidential

Parel Residents Protest ‘Polluting’ SRA Construction Site

MUMBAI: A residents’ forum in Parel has raised concerns with the Maharashtra Pollution Control Board (MPCB) regarding pollution control rule violations at a Slum Rehabilitation Authority (SRA) project site. The Parel-Bhoiwada Residents Federation reported that excavation and other activities often continue until 2 AM, while essential dust control measures are neglected. “There are no sprinklers or tarpaulin,” stated local resident Atul Jaywant. He expressed frustration over repeatedly lodging complaints with police and other authorities, noting, “Each time, the work halts for a few days before it resumes.” MPCB public relations officer Sanjay Bhuskute indicated that while the BMC can issue…

Latest StoriesResidential

Bhopal: ‘Housing for All’ Faces Public Rage Over Delays

BHOPAL: Residents benefiting from the Housing for All multistorey project at 12 Number Stop in BMC Ward 49 have voiced strong dissatisfaction regarding the delays in receiving their flats. During a Tuesday inspection, Mayor Malti Rai was confronted with pressing questions from the residents, who demanded to know when they would finally take possession of their homes. Beneficiaries claimed they had booked their flats years ago and made advance payments, yet have not received possession. Additional complaints included issues of waterlogging during the rains and substandard construction quality. One beneficiary blocked Rai’s path, stating he could no longer wait after…

Latest StoriesResidential

Indore Aims for Slum-Free Status in Five Years

Representative AI image INDORE: The state government has set an ambitious goal to transform Indore into a ‘slum-free’ city within the next five years. As part of this significant urban development initiative, the city plans to construct over 16,000 housing units in the next three years under the Pradhan Mantri Awas Yojana (PMAY) 2.0. The overarching objective of the PMAY 2.0 scheme is to build 1.5 lakh housing units in Indore. “The construction aims to develop around 1.5 lakh pucca houses across three categories: flats constructed by IMC for affordable rental housing, and individual houses that qualify for subsidies or…

Latest StoriesResidential

Rental Scheme: Dodgy Agreements Uncover Tax Evasion Plot

BENGALURU: A property management company is under scrutiny for allegedly using dual agreements to facilitate hidden deposits, unpaid rents, and questionable HRA claims, ensnaring property owners and sub-tenants. Residents of Bengaluru have long been aware of the risks posed by unscrupulous tenants and property management firms that exploit unsuspecting landlords. Recent revelations expose another scam that appears to defraud the government by misrepresenting claims for house rent allowance (HRA) exemptions. A homeowner who wishes to remain anonymous shared their experience with Catena Homes, stating, “I only received rent for a few months after entering an agreement with them. When I…

Latest StoriesResidential

Buffer Zone Dispute Leaves Bengaluru Site Owners in Limbo

Here’s a rewritten version of the content: BENGALURU: Over 1,500 families who purchased plots in the Banashankari 6th Stage layout, developed by the Bangalore Development Authority (BDA), are stuck in limbo for years. A sudden claim by the forest department regarding forest land has halted construction and sales, leaving many unable to develop their properties despite holding valid allotments, tax receipts, and long-standing ownership documents. Established in 2001, Banashankari 6th Stage consists of over 20,500 plots across 14 blocks. The current contention focuses on the 3rd, 4th, and 5th blocks, where the forest department has imposed construction restrictions, asserting that…

Latest StoriesResidential

Registration Opens for LIG & EWS Flats in Ghaziabad

GHAZIABAD: The Ghaziabad Development Authority (GDA) has launched an online service aimed at facilitating the registration process for low-income group (LIG) and economically weaker section (EWS) housing. Private developers can submit the required details online from December 15 until January 15, 2025. A GDA official mentioned that a six-member committee has been established to address delays in the construction and allotment of units under these schemes. To date, one developer has successfully registered 1,493 units under both the EWS and PMAY schemes using the online service. “We anticipate that more developers will come forward to utilize this service. Those who…

Latest StoriesResidential

Telangana to Sell, Regularize Small Housing Board Plots

Representative Image HYDERABAD: The Telangana government is taking steps to resolve longstanding land and revenue issues by selling small plots of housing board land and regularizing additional land owned by homeowners, while also tightening regulations on leases and rentals to safeguard public assets. During a review meeting on housing department matters, Housing Minister Ponguleti Srinivas Reddy instructed officials to prepare a detailed report concerning the sale of housing board land measuring up to 100 square yards adjacent to existing housing board houses. The proposal also aims to regularize previously allotted additional land. Officials are to gather data on current market…

Latest StoriesResidential

YEIDA Raises LIG Housing Minimum Plot Size to 40 Sq Meters

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has raised the minimum plot size for its housing scheme aimed at the informal sector and lower-income groups from 30 sqm to 40 sqm. This adjustment, stemming from an internal survey of an earlier proposal approved by the board in June, is designed to offer over 3,800 residential plots in sectors 17, 18, and 20. Officials indicated that the survey determined that 30 sqm plots were impractical according to current building regulations and construction practices in the area. Smaller plot sizes would inhibit safe vertical development and functional layouts. In…

Latest StoriesResidential

MTNL board okays ₹350.72 crore sale of BKC block to Nabard

Representative AI image NEW DELHI: The board of Mahanagar Telephone Nigam Ltd (MTNL), a state-run entity, has sanctioned the sale of its residential property block in Bandra Kurla Complex (BKC), Mumbai, to NABARD for ₹350.72 crore through a government-to-government direct sale, as stated in a BSE filing on Monday. The National Bank for Agriculture and Rural Development (NABARD) will cover the stamp duty, registration fees, and any associated charges, while MTNL will be responsible for any dues prior to the transfer and the NLMC (National Land Monetisation Corporation) fee outlined in a letter of undertaking dated June 29, 2025. MTNL’s…