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

Bengaluru: Taxed Yet Neglected in Abhivrudhi Garden Layout

Representative AI image BENGALURU: Abhivrudhi, meaning development, is a garden layout situated in a neglected area between Bengaluru City East Corporation and Kithaganur Gram Panchayat. Despite paying property taxes to the Bruhat Bengaluru Mahanagara Palike (BBMP) for over a decade, residents continue to lack basic amenities, primarily due to the layout’s borderline position between the two jurisdictions. Residents claim that BBMP has avoided developmental responsibilities, citing jurisdiction issues while still collecting property tax from over 70 properties. Frustrated, they approached the Bengaluru East City Corporation at KR Puram to present a memorandum requesting essential services. “We have endured years of…

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1,014 sq yd plot sells for ₹33.4 crore in Chandigarh

Representative AI image CHANDIGARH: The real estate market in Chandigarh is booming. The latest auction by the UT estate office concluded on Thursday, achieving record bids that indicate a rise in investor confidence and soaring property prices. A residential plot in Sector 33, spanning 1,014 sq yards, commanded a striking Rs 33.4 crore—over twice its reserve price of Rs 14.9 crore. Even the smallest offered plot, at just 126 sq yards, sold for ₹4 crore against a reserve of Rs 1.7 crore. The auction netted a total revenue of Rs 168.85 crore, significantly surpassing the reserve price of Rs 75.29…

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Odisha to Issue 50,000 Home Work Orders for Poor on Sept 17

BHUBANESWAR: In an important initiative to support housing for economically weaker sections, the state government plans to issue work orders for 50,000 houses under the Antyodaya Gruha Yojana on September 17, coinciding with Prime Minister Narendra Modi’s birthday, as announced by Panchayati Raj Minister Rabi Narayan Naik on Thursday. The scheme aims to provide permanent housing to economically disadvantaged families, including those with disabilities, leprosy patients, and extremely poor households. Minister Naik emphasized that this initiative would tackle persistent housing issues in rural Odisha by offering eligible families durable homes. Launched on March 30 this year by Chief Minister Mohan…

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Bain Capital, Colive, Sattva Group unveil $100M co-living platform

NEW DELHI: Colive, a co-living platform, has teamed up with Bain Capital and Sattva Group to launch a co-living real estate initiative with an initial investment commitment of at least $100 million. Through this collaboration, Colive has also secured $20 million in funding to support growth and market expansion. The platform aims to acquire land, establish communities, and provide purpose-built rental housing. Colive has successfully completed initial land purchases in Pune and Bengaluru, with approximately 0.5 million sq ft of co-living spaces in development. Published On Sep 4, 2025 at 04:00 PM IST Join our community of over 2 million…

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Mysuru Body Raises Base Price, Boosts Vijayanagar Realty Rates

MYSURU: The base price set by the Mysuru Development Authority (MDA) for sites in the prestigious Vijayanagar Stage IV, Phase II, has had a direct and negative influence on property prices in west Mysuru, according to local developers. They argue that inflated prices have created a bubble, misleading many into believing there is a boom in the real estate sector. The MDA initially pegged the base price at Rs 8,000 per square foot for premium corner plots, which has since been increased three times, establishing a new pricing benchmark and prompting property owners in the affluent area—comprising around 18,000 sites—to…

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Apartment Owners Demand RWA GST Rollback

BENGALURU: The Goods and Services Tax (GST) Council is set to review certain GST slabs starting Wednesday. In response, the Bangalore Apartments’ Federation (BAF) has launched a petition aiming to eliminate the 18% GST on apartment maintenance fees. According to federation members, the notification issued in 2019 has placed an unfair financial strain on Residents’ Welfare Associations (RWAs) and apartment owners alike. The petition, hosted on change.org by BAF, claims, “The notification mandates that GST is applicable on the entire monthly maintenance fees collected by RWAs if charges exceed Rs 7,500 per month per member or unit.” It emphasizes how…

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Nehru’s First Official Residence Sells for ₹1,100 Crore

The historic residence of former Prime Minister Jawaharlal Nehru, located at 17 York Road (now Motilal Nehru Marg) in the Lutyens’ Bungalow Zone (LBZ), is expected to have a new owner soon, marking a significant transaction in India’s real estate market, according to sources familiar with the negotiations. The asking price for the expansive 14,973 square-meter estate was ₹1,400 crore, but a prominent businessman in the domestic beverage sector has reportedly agreed to purchase it for around ₹1,100 crore. A prominent law firm has issued a public announcement as part of the final due diligence process. “Our client intends to…

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Karimadam Colony Housing Complex in Thiruvananthapuram Opens 128 Flats

Representative image THIRUVANANTHAPURAM: The inauguration of the Karimadom Colony Housing Complex, which includes 128 newly built flats, took place on Monday. This marks a significant step in the city corporation’s initiative to provide affordable housing for the homeless. The ceremony was led by Mayor Arya Rajendran, with Minister for General Education and Labour V. Sivankutty officially inaugurating the project’s first phase. The complex, constructed at a cost of Rs 27 crore funded by the corporation, is part of a broader initiative to create 200 homes in Karimadom. The city has actively pursued various housing projects to make permanent homes a…

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Hema Malini Sells Mumbai Apartments for ₹12.5 Crore

NEW DELHI: Hema Malini has sold two identical apartments in Oberoi Springs, Oshiwara, Mumbai, for ₹12.50 crore each. Both apartments feature a carpet area of 847 sq ft (79 sq meters) and a built-up area of 1,017 sq ft (94.46 sq meters). Each transaction, priced at ₹6.25 crore, includes one car parking space. The stamp duty for each sale amounted to ₹31.25 lakh, along with registration fees of ₹30,000, as indicated by property registration documents from the Inspector General of Registration (IGR) reviewed by Square Yards. Both sales were officially registered in August 2025. Published On Sep 2, 2025 at…

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Lucknow Development Body Announces Anant Nagar Plot Draw

Representative AI image LUCKNOW: The Lucknow Development Authority (LDA) will conduct a lottery for 332 residential plots under the Anant Nagar Housing Scheme (Mohan Road) at Indira Gandhi Pratishthan from September 8 to 10. The draw is set to occur in Mercury Hall with applicants present, and will also be streamed live on LDA’s YouTube channel. During the second phase of registration, from July 11 to August 10, 8,568 applicants submitted online applications for plots in Adarsh Khand. According to Deputy Secretary Madhavesh Kumar, the lottery will include 121 plots of 112.5 sq m, 37 of 162 sq m, 50…