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

Kochi Starts Building New Homes for Shanthipuram Residents

KOCHI: Housing reconstruction has officially commenced in the Shanthipuram Colony, located in the 44th division of Kochi corporation, Karanakodam. The project aims to build new homes for 197 families, funded by Life Mission and Corporate Social Responsibility (CSR) initiatives. The current houses are dilapidated and insecure. “One of the long-term objectives of the municipality is to provide residents with safe and secure homes, as outlined in our budget. Under the guidance of the Azadi Group’s Architecture Engineering College, plans have been created for apartment complexes containing eight units each, across three cents,” stated Mayor M. Anilkumar. “The estimated cost to…

Latest StoriesResidential

Indiramma Housing Project Delayed Due to Centre’s Warning to Telangana

HYDERABAD: Hopes for swift central funding for the initial phase of the Revanth Reddy government’s ambitious Indiramma housing scheme in rural areas faced a setback. The Union Housing Ministry communicated to the state that the submitted proposals do not meet the required norms. The state government submitted a list of housing beneficiaries to secure funds under the Pradhan Mantri Awas Yojana (Rural) scheme. Under PMAY (Rural), the ministry allocates ₹72,000 per housing unit, while the state government must cover the remaining cost. In its correspondence, the Union ministry instructed officials to upload live facial authentication using Aadhaar for each beneficiary…

Latest StoriesResidential

Housing Societies Face NA Tax Dilemma Without State Resolution

PUNE: Nearly ten months after the state cabinet announced the abolition of the non-agricultural (NA) tax for urban housing societies, confusion continues due to the lack of a formal government resolution (GR). The management of housing societies across the state is uncertain whether to keep paying the tax until official guidelines are issued. The cabinet, led by Eknath Shinde, approved the removal of the NA tax in October 2024, just before the state assembly elections, aiming to relieve residents in urban areas like Pune and Mumbai who have been paying both property tax and NA tax. Housing societies have since…

Latest StoriesResidential

Noida’s Highrise B&Bs Under Scrutiny for Short-Term Rentals

NOIDA: The rise of short-term rentals in high-rise residential areas is raising concerns following complaints about noise, drug use, and unauthorized commercial activities. Officials have stated that properties listed on online platforms are serving as unregistered guesthouses and party venues, often breaching housing and excise regulations. During a recent meeting at the Narco Coordination Centre (NCORD), DM Manish Verma instructed police, excise officials, and other agencies to investigate these properties. “We need to assess the legality of these rentals,” Verma emphasized. “If someone is renting out a flat for just a few days, it must adhere to the Sarai Act.…

Latest StoriesResidential

Lloyds’ Promoter Family Buys Altamount Road Apartments for ₹227 Cr

Ravi Agarwal, a member of the Lloyds Group promoters, along with his family, has purchased six luxurious sea-view apartments, including a seven-bedroom duplex, in the Kalpataru Prive tower on Altamount Road in South Mumbai for over ₹227 crore. The family has acquired approximately 18,000 sq ft of space, spanning the 18th to 23rd floors of this under-construction premium tower, which is valued at ₹1.27 lakh per sq ft. This transaction ranks among the most expensive and largest residential deals in India this year. The buyers incurred a stamp duty of nearly ₹13.29 crore for the registration of these transactions that…

Latest StoriesResidential

Rent Compensation for Residents to Be Finalized by Month-End

NEW DELHI: The Resident Welfare Association (RWA) of Signature View Apartments in Mukherjee Nagar announced on Thursday that the Delhi Development Authority (DDA) has guaranteed that rent compensation for all residents will be disbursed by the end of this month. The DDA issued an e-tender in March to demolish the Signature View Apartments, which consists of a 336-flat complex declared structurally unsafe. Developed in the mid-2000s under a DDA housing scheme, the apartments have suffered significant structural deterioration, including serious cracks in walls and ceilings, raising safety alarms. Amrendra Singh Rakesh, president of the RWA, informed PTI that residents have…

Latest StoriesResidential

Over 26,000 Amrapali flats ready; 8,000 by Sept 2025

NOIDA: National Buildings Construction Corporation (NBCC) has announced that it will complete the construction of 8,000 flats in the halted projects of Amrapali Group by September 2025. This marks a delay of six months from the original deadline of March, due to delays caused by GRAP restrictions and funding issues. Of the 37,000 units NBCC was tasked with completing under a Supreme Court-appointed receiver, 26,800 flats have already been constructed. The final set of stalled projects, Adarsh Awas Yojna, is now expected to be ready by March 2026. As of now, approximately 13,300 homebuyers have taken possession of their flats.…

Latest StoriesResidential

Delhi MCD Requests Police Help to Evacuate Signature View Apartments

NEW DELHI: Following recent directives from the Delhi Development Authority (DDA) and the Delhi High Court, the Municipal Corporation of Delhi (MCD) has reached out to Delhi Police to assist in evacuating 336 flats at Signature View Apartments, requesting urgent action. However, a senior police official indicated that no notification had been received so far. After an assessment by IIT Delhi in 2022, the MCD had declared the apartment complex unsafe in 2023. In December 2024, the High Court confirmed the buildings were uninhabitable, mandating their demolition and reconstruction, and ordered immediate evacuation. DDA recently announced that July 31 is…

Latest StoriesResidential

Salman Khan Sells Mumbai Apartment for ₹5.35 Crore

NEW DELHI: Salman Khan has sold an apartment in Shiv Asthan Heights, Bandra West, Mumbai, for ₹5.35 crore. The apartment features a built-up area of 1,318 sq ft (122.45 sq meters) and comes with three car parking spaces. The transaction incurred a stamp duty of ₹32.01 lakh and registration charges of ₹30,000, based on the Inspector General of Registration (IGR) documents reviewed by Square Yards. The deal was officially registered in July 2025. Published On Jul 16, 2025 at 03:59 PM IST Join a community of over 2M industry professionals. Subscribe to our newsletter for the latest insights & analysis…

Latest StoriesResidential

Shapoorji Pallonji Plans Residential Project in Bavdhan, Pune

NEW DELHI: Shapoorji Pallonji Real Estate (SPRE) has unveiled its latest residential project, Vanaha Verdant, located within the expansive 1,000-acre integrated township of Vanaha, close to Bavdhan, Pune. The new development spans five acres and will provide around 10 lakh sq ft of saleable area, with a projected revenue potential of ₹800 crore. To date, SPRE has successfully sold over 2,000 apartments valued at ₹1,800 crore across its mid-segment (Yahavi and Springs) and premium offerings (Golfland phase 1 & 2) within the township. Published On Jul 16, 2025 at 11:30 AM IST Join over 2 million industry professionals. Subscribe to…