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

Goa to Legalize 1 Lakh Homes Built Before 1972

PANAJI: In a significant move to legalize homes under threat of demolition, the state government issued two circulars on Friday. One was from the revenue department, while the other came from the directorate of panchayat, aimed at legalizing over 100,000 illegal houses constructed on any land before 1972. Chief Minister Pramod Sawant clarified that these circulars don’t confer land ownership rights, but instead legitimize the structures and clarify the land status. “We are legalizing homes. The revenue department will issue a sanad, and the panchayat will confirm its legal status,” he stated. Sawant emphasized that with these circulars, there is…

Latest StoriesResidential

300+ PMAY Homes Available in Basant Kunj, Lucknow

Sure, here’s a rewritten version of the content: LUCKNOW: The lottery for distributing 1,000 housing units constructed under the Pradhan Mantri Awas Yojana (PMAY) as part of the Basant Kunj scheme kicked off on Thursday. The draws are being conducted at Mercury Hall, Indira Gandhi Pratishthan, and will extend into Friday and Saturday, with specific categories allocated for each day. On the first day, 307 applicants received housing allotments in Sector-I of the Basant Kunj scheme. LDA Additional Secretary CP Tripathi reported that allotments for Scheduled Castes, Scheduled Tribes, Other Backward Classes, Divyangjan, and senior citizens were finalized during Thursday’s…

Latest StoriesResidential

DLF-Trident’s ‘The Westpark’ nets ₹2,300 crore in phase 1

MUMBAI: DLF, through its subsidiary DLF Home Developers, has entered the Mumbai residential market with the launch of The Westpark in Andheri West. The company, in collaboration with Trident Realty, achieved sales exceeding ₹2,300 crore from the complete sellout of 416 units in phase-1. The launch includes four 37-storey towers on a 5.18-acre site, with all units sold within a week. This phase is part of a larger ~10-acre master plan encompassing eight residential towers. The initial phase features 3 and 4 BHK apartments ranging from 1,125 to 2,500 sq ft (carpet area), along with a limited selection of penthouses.…

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Sector 53 Housing Scheme in Chandigarh Poised for Launch

Representative image CHANDIGARH: The board of directors of the Chandigarh Housing Board (CHB) has approved the launch of the housing scheme in Sector 53. “For the final approval, CHB has submitted the proposal to the UT administrator. Once it is approved, we will initiate the launch process. Most preparations are complete, and it will take about a month after the approval to officially launch the scheme,” said a UT official. The scheme has faced delays for over seven years. Initially, it was set to launch in 2018, but a demand survey indicated limited interest due to high unit costs. Although…

Latest StoriesResidential

Maharashtra Housing Policy: Homes for All, Slum-Free State

Representative image created by AI MUMBAI: The Maharashtra government’s new housing policy, “My House, My Right,” aims to provide affordable housing for all, redevelop older buildings, and transform slums through public-private partnerships. A Government Resolution for this policy was approved by the state cabinet in May and was released by the Housing Department on Wednesday. The government anticipates an investment of Rs 70,000 crore during the policy’s implementation. With a focus on “Housing for All,” the policy aims for a slum-free state, prioritizing economically weaker, lower-income, and middle-income groups. The government plans to construct 3.5 million houses over five years,…

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Residents upset as Lucknow links waste charge to house tax

LUCKNOW: The introduction of a waste collection fee tied directly to property house tax IDs by the Lucknow Municipal Corporation (LMC) has faced backlash from residents, citing inconsistencies in service delivery across the city. The new monthly fees are set at Rs 50 for properties with an annual tax up to Rs 5,000 and Rs 100 for those exceeding it, now mandated citywide, regardless of service accessibility. While LMC is offering a 10% discount for advance online payments, unpaid fees will be added to the property tax bill, leading to further dissatisfaction. Residents from Manas Vihar, Suggamau, Takrohi, Chinhat, Faizullaganj,…

Latest StoriesResidential

Lucknow: New Housing Projects Launching in Banda, Chitrakoot

LUCKNOW: In response to the increasing demand for affordable housing in Bundelkhand, the UP Housing Board (Avas Vikas Parishad) is set to launch two new schemes in Banda and Chitrakoot districts. According to officials, these projects will be located in prime areas, with 90% of the plots allocated for those intending to build their own homes. “A greenfield township is being developed over 338 acres in Banda and 161 acres in Chitrakoot. The housing board has already designated the land and begun acquisition processes,” stated additional housing commissioner Niraj Shukla. The authority estimates that it will require approximately Rs 1,390…

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Homebuyers Strategize Amid Rising Land Prices

Representative image created by AI BENGALURU: Plotted developments are becoming increasingly attractive to second- and third-home buyers due to their appreciation potential, flexibility, and long-term land value. With land prices surging in double digits across major urban areas over the past four years, what was once a niche market is now a primary investment option for affluent and upwardly-mobile buyers. In response to this heightened demand, developers are creating branded, fully-serviced plotted communities complete with amenities, clear land titles, and integrated infrastructure. Second-home purchasers see land as a forward-thinking asset—offering the liberty to construct at their convenience, mitigating depreciation risks…

Latest StoriesResidential

Manipal Group’s Promoters Purchase ₹64 Crore Bengaluru Apartment

Image for representation Shruti R Pai, the spouse of Manipal Education and Medical Group Chairman Ranjan Pai, has purchased a luxurious apartment in Bengaluru’s Jayamahal Extension for ₹64 crore, as per property registration records from Zapkey. The sale was made through Savyasachi Projects, with representatives Parag S. Maniar and H. Vijayanath Hegde facilitating the transaction. The apartment, situated in the exclusive Savyasachi Sarayu project, occupies the 13th and 14th floors, covering a super built-up area of 12,800 sq ft and a carpet area of 9,929 sq ft. This deal translates to ₹64,457 per sq ft based on the carpet area—a…

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UP Cabinet Boosts Women: 1% Stamp Duty Discount on Property

LUCKNOW: The Uttar Pradesh Cabinet has approved a 1% discount in stamp duty for properties valued up to Rs 1 crore when registered in a woman’s name. This decision was made during a Cabinet meeting led by Chief Minister Yogi Adityanath at Lok Bhavan, as stated by the UP government. A total of 37 proposals were approved during this session. Previously, this exemption was limited to properties worth up to Rs 10 lakh, with a maximum discount of Rs 10,000. The government has now expanded this exemption to include properties valued up to Rs 1 crore. Labour Minister Anil Rajbhar…