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

Assam CM Distributes PMAY-G Sanction Letters to 3.25L Beneficiaries

GUWAHATI: Assam Chief Minister Himanta Biswa Sarma announced on Tuesday that the government is committed to providing ‘pucca’ (concrete) houses for all citizens in the state. He made this statement during the launch of the distribution of sanction letters to 325,234 beneficiaries under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) at a state-level event held in Boko, Kamrup district. Sarma highlighted that the initiative aims to secure housing for economically disadvantaged families nationwide, emphasizing the state’s determination to ensure all eligible individuals receive benefits. He noted that on May 19, 2022, the state government distributed sanction letters to 500,000 beneficiaries, releasing…

Latest StoriesResidential

Bhubaneswar: Dhauli Heights Allotment Nears End After Decade

BHUBANESWAR: Cooperation Minister Pradeep Bal Samanta announced that the allotment process for Dhauli Heights is nearing completion, bringing hope to allottees who have been waiting for almost a decade to occupy their homes in the project. In response to a question from legislator Dhruba Charan Sahoo regarding the status of house handovers, Samanta mentioned that the final arrangements are being made for the project managed by Odisha Cooperative Housing Corporation (OCHC) Limited. Launched in 2014, the Dhauli Heights housing project in Badaraghunathpur, Tamando, faced delays due to contractor issues and financial constraints. Currently, Samanta stated that the allotment process is…

Latest StoriesResidential

Delhi CM promises to transform Bhalswa-Jahangirpuri EWS flats

File Photo NEW DELHI: On Tuesday, Delhi Chief Minister Rekha Gupta reaffirmed her government’s dedication to providing dignified housing for the underprivileged while inspecting the dilapidated EWS flats in Bhalswa-Jahangirpuri. She attributed the neglect of the complex to the previous administration. During her visit, Gupta expressed frustration with the prior government’s inability to fulfill their promises to the city’s lower-income residents. “The Bhalswa flats, which we are examining today, were completed in 2016. From then until 2025, the flats have fallen into disrepair, and not a single unit has been allocated to a poor family. This is a betrayal of…

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Centre Sanctions 1.11 Crore Homes Under PMAY Schemes

NEW DELHI: The government has approved the construction of 1.11 crore houses under two schemes of Pradhan Mantri Awas Yojana, with 95.54 lakh of these homes already completed and allocated to beneficiaries, Minister of Housing and Urban Affairs, Manohar Lal, reported in the Rajya Sabha on Monday. While addressing supplementary questions during the question hour, the minister mentioned that a 2020 slum survey revealed that approximately 6.5 crore individuals, equating to 1.39 crore households, reside in slums nationwide. “Under both schemes, 1.11 crore houses have been approved, and 1.10 crore have been initiated, with 95.54 lakh houses completed and handed…

Latest StoriesResidential

Kochi Apartment Owners Request Relaxation on STP Installations

KOCHI: The Consortium of Flat and Villa Owners Association, Kerala (COFVOAK), has approached Chief Minister Pinarayi Vijayan to request relaxed regulations for installing sewage treatment plants (STPs) in apartment complexes built before 2007. They are also seeking exemptions due to the planned centralized sewerage system in Kochi. The consortium is urging the government to provide appropriate directives to the pollution control board (PCB) and the Kochi corporation to prevent the cancellation of occupancy certificates (OCs) or disconnection of essential services to these buildings. Additionally, they are requesting that these complexes be exempt from retrospective PCB consent fees, suggesting the fees…

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Pune to create guidelines for PGs after resident complaints

Representative AI image PUNE: Concerns have been raised for years regarding the living conditions in numerous abhyasikas and the cramped spaces in the older neighborhoods. Residents expressed these worries to additional municipal commissioner Prithviraj B P during a recent meeting. The increasing student population has further strained local infrastructure. In response, the Pune Municipal Corporation (PMC) has launched a survey of all abhyasikas in the old city and the paying guest system. Guidelines for their operation will be issued. Prithviraj mentioned complaints about illegal parking, abhyasikas functioning in designated parking areas, safety, and hygiene issues due to overcrowded living conditions.…

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Lucknow body approves 7 housing projects, 1,100 EWS homes

Representative Image LUCKNOW: The city is on track to significantly expand its housing infrastructure as the Lucknow Development Authority (LDA) has approved land acquisition and layout plans for seven residential projects during its recent 186th board meeting, led by divisional commissioner Vijay Vishwas Pant. These developments will occur near Gomtinagar Extension over approximately 385 acres and will be managed by private developers under the Uttar Pradesh Township Policy 2023. A significant tract of land, situated alongside the Gomti River, behind the Police Headquarters, was recently cleared of illegal occupation. LDA vice-chairperson Prathamesh Kumar noted that the authority reclaimed 43.051 acres…

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52% of Pune Housing Societies Don’t Have Legal Land Ownership

PUNE: Over half of the cooperative housing societies in the city lack legal ownership of the land they occupy, a significant issue that hinders redevelopment and restricts property rights. According to the state cooperative department, 52%—or 11,956 out of 22,955 registered societies—have not received their conveyance or deemed conveyance deeds. A conveyance deed is the conclusive legal document that transfers land ownership from the developer to the housing society. Without it, these societies cannot update land records, assert complete ownership rights, or start redevelopment projects—an increasingly urgent need for aging buildings in the area. Pune district collector Jitendra Dudi has…

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Sanjali Bajaj Acquires Sea-View Apartment in Worli for ₹66 Crore

Representative AI image Sanjali Bajaj, the daughter of Bajaj Group scion Sanjiv Bajaj, has purchased a luxurious sea-view apartment in a tower on Dr. Annie Besant Road in Mumbai’s Worli area for ₹66.41 crore. The apartment, which spans a carpet area of 5,510 sq ft, is valued at over ₹1,20,500 per sq ft. It is located on the 5th habitable floor and features an exclusive balcony measuring 430 sq ft. The purchase includes two additional sections on the 8th podium level, totaling 1,360.89 sq ft and 14.20 sq ft, mainly for parking and ancillary purposes, as indicated in documents accessed…

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OSHB, BDA Allocate 1,600+ Plots in Bhubaneswar

BHUBANESWAR: The Odisha State Housing Board (OSHB) and the Bhubaneswar Development Authority (BDA) have collectively allocated over 1,600 plots and homes under various housing schemes in the capital over the past thirty years. In response to a question from legislator Manorama Mohanty, state housing and urban development minister Krushna Chandra Mahapatra shared this information in the assembly. The OSHB has allocated 692 plots and houses in two significant schemes. Among these, 460 units under MIG and HIG categories were distributed in the Satyasai Enclave scheme at Mouza Aiginia, while 232 HIG units were granted under the Dharma Vihar scheme at…