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

40% of Belagavi Property Owners Miss Tax Payments

BELAGAVI: A troubling trend is emerging in Belagavi city, where nearly 40% of property owners have not settled their property tax dues for the 2025-26 financial year, raising crucial concerns about both revenue recovery and administrative efficiency. According to insiders at the Belagavi City Corporation (BCC), the city has 166,178 registered properties. Out of these, property tax dues have only been cleared for 95,829 properties. This includes defaulters from various sectors, such as private residences, businesses, educational institutions, and even government establishments. Despite assertions of financial discipline and efforts to enhance revenue collection, BCC only gathered ₹70.8 crore in property…

Latest StoriesResidential

Rising Costs and GST Impact Hyderabad’s Gated Communities

HYDERABAD: Residents in gated communities throughout the city are grappling with increased financial pressure this year, as surging maintenance costs have pushed many into the 18% GST tax bracket. For the fiscal year 2026-27, monthly maintenance fees have escalated significantly, now falling between Rs 8,000 and Rs 10,000. This spike is attributed to rising expenses including security personnel salaries, electricity bills, clubhouse maintenance, common facilities, and water supply systems. Previously, many residents paid around Rs 6,000 to Rs 7,000 per month, comfortably below the Rs 7,500 threshold that triggers GST. However, the latest increase has altered the situation. According to…

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After 15 Years, JAL Homebuyers Rely on Adani’s Housing Plan

Homebuyers waiting for possession of properties booked with Jaiprakash Associates Limited (JAL) 15 years ago are hopeful for a swift resolution. This comes after the Supreme Court declined to stay the implementation of the Adani Group’s debt resolution plan of ₹14,500 crore. The homebuyers’ association expressed concern over the prolonged legal proceedings and urged the Adani Group to complete the projects as promised in the resolution plan. Mateen Wani, a retired government employee from Jammu & Kashmir who booked a plot in Jaypee Sports City years ago, stated, “Many buyers have been paying both EMI and rent for years with…

Latest StoriesResidential

Delhi RWAs raise concerns over mixed-use development

NEW DELHI: Numerous Resident Welfare Associations (RWAs) are expressing concerns about the potential chaos that could result from the rollout of the new Transit-Oriented Development (TOD) policy. This policy allows for mixed-use developments on plots adjacent to metro corridors and within a 500-metre radius of RRTS stations and railway lines, regardless of the plot size or current land designation. While it requires that 65% of the plot area be allocated for residential use, residents are doubtful regarding the enforcement of these guidelines. Members of the Save Our City campaign highlighted that the Master Plan for Delhi, 2021, which incorporated mixed…

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Gurugram OC Scam: Buildings Ready but Without Lifts, Parking

GURUGRAM: The occupation certificate (OC) scam in licensed neighborhoods has expanded, as investigations by TOI reveal significant discrepancies between approved documents and actual construction conditions. Buildings listed as completed on paper are nowhere near ready in reality. For instance, two structures—one in South City-2 and another in Sector 61—were found unfinished, missing plaster, lifts, parking, and essential safety features, despite being declared complete under the self-certification system. At a site in South City-2, the building showed exposed bricks, unfinished staircases, and no installed lifts. Workers were still plastering interiors, with loose electrical wiring hanging from the walls, even though the…

Latest StoriesResidential

Arvind SmartSpaces to Revamp Goregaon West Project, Mumbai

NEW DELHI: Arvind SmartSpaces has initiated a residential redevelopment project in Goregaon (West), Mumbai, with an estimated revenue potential of around ₹2,400 crore. This project, developed in collaboration with Sigma Oxford Realtors, will encompass a saleable area of approximately 0.67 million sq ft, situated in Siddharth Nagar. This marks the company’s third residential venture in the Mumbai Metropolitan Region (MMR) and its second high-rise project in the city. Additionally, the company’s wholly-owned subsidiary, Arvind Skyline (ASPL), has acquired a 49% stake in Oxford Navrang Realtors for ₹49,000. This acquisition is anticipated to be finalized within the month. Furthermore, the company…

Latest StoriesResidential

Govt to Restore DDA Properties from Leasehold to Freehold Soon

File Photo NEW DELHI: The government is set to finalize the conversion rates for registration charges, facilitating the resumption of converting properties from leasehold to freehold in the national capital, Union Minister Manohar Lal announced on Tuesday. Changing a leasehold property to freehold means transitioning its ownership from rental to full ownership. Since January this year, the conversion process for Delhi Development Authority (DDA) properties has been on pause due to the new circle rates adopted by the Delhi government. “We will present a proposal to the cabinet for the approval of conversion charges for DDA and L&DO properties; the…

Latest StoriesResidential

Bhubaneswar to Survey Homes Misused as Commercial Spaces

BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) will conduct an extensive survey to identify residential buildings misused for commercial activities, following a recent Supreme Court directive scrutinizing municipal bodies across the nation. This initiative follows the Supreme Court’s hearings related to an unauthorized commercial establishment in Chennai, which mandated all municipal corporations to inspect residential areas that have been illegally converted into non-residential spaces. The court has included all relevant civic bodies in the case, increasing accountability for urban local authorities throughout the country. City Mayor Sulochana Das announced that preparations will begin upon receiving the official directive, with teams formed…

Latest StoriesResidential

KREEVA to invest ₹350-400 crore in Gurugram residential project

NEW DELHI: KREEVA, the real estate division of Kanodia Group, is set to invest ₹350-400 crore in a new residential project located off the Southern Peripheral Road in Gurugram. The company has formed a joint development agreement with the landowner for this venture. Covering an area of three acres, the project will feature around 5.5 lakh sq ft of built-up space, aiming to provide approximately 200 homes. Construction is anticipated to commence towards the end of Q1 FY27. This initiative represents the company’s foray into the multi-generational housing sector. Published On Apr 7, 2026 at 01:26 PM IST Join a…

Latest StoriesResidential

Lucknow Development Body Launches Three Luxury Housing Projects

Here’s a rewritten version of the content: LUCKNOW: The Lucknow Development Authority (LDA) is set to commence the construction of three luxury housing projects soon, with officials indicating that work orders will be distributed within a month. Approximately 1,060 apartments are planned across these initiatives, with prices ranging from around Rs 70 lakh to Rs 2.80 crore. Allotment for one project has already been completed via a lottery, while registrations remain open for the other two. The Aishbagh project on Mill Road will feature 384 three-bedroom flats, each equipped with study rooms, housed in a 27-story tower. Each unit will…