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

Maharashtra Property Registrations Steady Amid RR Rate Hike

PUNE: Property registrations in Maharashtra have remained consistent, with an average of 3.7 lakh registrations monthly during the first quarter of this financial year, despite the ready reckoner (RR) rate increase implemented on April 1. Monthly revenue collections exceeded Rs 4,000 crore in both May and June. Officials attribute this stability to persistent demand, even with rising transaction costs due to adjusted property valuations. The RR rate hike, averaging 3.9% across various categories, raised concerns among developers and buyers about a potential decline in demand. However, the consistent registration figures indicate that the market has adapted well without notable disruptions.…

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Delhi body sets July deadline to vacate Signature View Apartments

Representative image created by AI NEW DELHI: The Delhi Development Authority (DDA) has set a deadline for occupants of Signature View Apartments to vacate their homes by the end of this month to expedite redevelopment work at the site. This decision was made in a meeting on Friday. An official stated, “Given the structural assessment by IIT that deemed the building unsafe and the court’s order for its demolition, we prioritized the quick evacuation of the complex. Senior officials from the Municipal Corporation of Delhi (MCD) were also involved in these discussions. MCD may issue evacuation notices to tenants as…

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Luxury Home Sales Soar 85% in H1 2025: Report

NEW DELHI: The luxury real estate sector in India experienced a remarkable growth spurt in the first half of 2025, with sales rising by 85% year-on-year, totaling nearly 7,000 units across the top seven cities, as highlighted in a joint report by CBRE South Asia and ASSOCHAM. This increase indicates a growing interest among high-net-worth individuals (HNIs), ultra-HNIs, and non-resident Indians (NRIs) in premium real estate, driven by macroeconomic stability and a stronger U.S. dollar. The Delhi-NCR market led the trend, accounting for 57% of total luxury sales, approximately 4,000 units, marking a threefold increase from the prior year. Mumbai…

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Lotus 300 AOA Questions Noida Authority on 228 Unregistered Flats

NOIDA: The apartment owners association (AOA) of Lotus 300, a condominium located in Sector 107, has issued a legal notice to the Noida Authority for allegedly ignoring Supreme Court orders related to the registration of flats. According to AOA officials, despite receiving occupancy (OC) and completion certificates (CC) for four towers with a total of 228 flats on April 22, the registration process has not progressed. The AOA has expressed concerns about initiating contempt proceedings to safeguard the rights of homebuyers. AOA president Bhuwan Chaturvedi stated that 25 flat owners from towers 3 to 6 had completed their purchases and…

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Delhi to Launch New Premium Housing Scheme Soon

Representative image created by AI NEW DELHI: The Delhi Development Authority (DDA) is set to unveil a premium housing scheme in 2025, featuring 177 residential flats across high, middle, and lower-income groups, as well as garages throughout the city. The flats will be available via e-auction in locations such as Vasant Kunj, Dwarka, Rohini, Pitampura, and Jasola, among others. “During a meeting chaired by Lieutenant Governor VK Saxena, the DDA approved the Premium Housing Scheme for 2025,” a DDA official stated. The e-auction will also include 67 car or scooter garages. The authority made two significant decisions: first, it has…

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Kerala: Stamp Duty Relief for Life Mission Beneficiaries

THIRUVANANTHAPURAM: The cabinet approved the tripartite agreement for the Wayanad Township project on Thursday and appointed S Suhas as the special officer for its execution. The cabinet also decided to waive registration and stamp duty charges for Life Mission beneficiaries acquiring land for housing, contingent upon certification from the district collector or designated officer. This exemption was similarly granted to nine flood-affected families who received homes built by the Muthoot Pappachan Foundation in Chittar village. A tribal taluk supply office will be established in Attapadi, Palakkad, with new posts, including taluk supply officer and rationing inspector, created, and staff reallocated…

Latest StoriesResidential

Chandigarh Housing Board Launches New Projects in Sector 54

CHANDIGARH: After nearly a decade of inactivity, the Chandigarh Housing Board (CHB) is finally addressing the housing demands of the city. As it gears up to introduce the Sector 53 self-financed housing scheme, plans are also underway for a new project in Sector 54. A senior UT official stated, “The CHB has been allocated approximately 32 acres in Sector 54. Recently, a meeting regarding land availability for various purposes took place under the UT administrator’s leadership, during which the Sector 54 land was discussed. Approval has been granted to proceed with the conceptualization and planning for public housing on this…

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Maharashtra CM to Inaugurate BDD Flats in Worli on July 21

Representative image created by AI MUMBAI: Chief Minister Devendra Fadnavis is set to distribute keys for the first batch of BDD flats in Worli on July 21, shortly after the conclusion of the legislative session. Plans for a function have been made where the CM will hand over several keys. Milind Borikar, Chief Officer of the Mumbai Board at Mhada, stated that 556 flats, each with a carpet area of 500 sq ft, will be allocated in this initial phase. “By the end of the year, we anticipate receiving 3,989 flats across three sites,” Borikar added. While preparing to hand…

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Ghaziabad Orders Residents to Demolish 172 Houses in 15 Days

GHAZIABAD: The Ghaziabad Development Authority (GDA) has issued demolition notices to 172 households in the Babu Jagjivan Ram Colony located in Rajendra Nagar. The GDA asserts that this colony occupies 2,864 sqm of land originally designated as a park around 50 years ago. Residents have been granted a 15-day period to demolish their homes, failing which the GDA will initiate demolition efforts. An official from the GDA indicated that a petition was filed with the National Green Tribunal (NGT) in 2023, bringing this issue to public attention. The original case is ongoing. “In 2024, a meeting, chaired by the then…

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Bhubaneswar Body Allows Housing Society to Cut Utilities for Dues

BHUBANESWAR: In a landmark decision, the Bhubaneswar Development Authority (BDA) has made history in Odisha by granting an order that empowers an association of residential project allottees. This ruling allows the association to disconnect vital services to units that fail to pay monthly maintenance charges consistently. The allottees’ association filed a complaint with the competent authority regarding the ongoing non-payment of shared expenses by certain flat owners. The BDA reviewed the case and ruled in favor of the association, referencing provisions from the Odisha Apartment (Ownership and Management) Act of 2023. In total, four homeowners out of approximately 160 in…