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

Homebuyers challenge Noida authority’s luxury tower approval

NOIDA: The Apartment Owners Association (AOA) of a Sector 107 condo has filed a petition with the Allahabad High Court against the developer’s proposal to construct an additional ultra-luxury residential tower in the complex. The petition contests a Noida Authority decision that approved an increase in the Floor Area Ratio (FAR), allowing the developer to build a 46-story tower with units priced starting at Rs 7 crore, despite objections from current residents. The residents argued that any additional FAR should be used to enhance existing facilities and communal areas, rather than for a new exclusive section within the complex. Great…

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Delhi to renovate 2,416 flats for the underprivileged

NEW DELHI: The Delhi government announced on Friday the approval for repair and renovation of 2,416 ready flats in Sawda Ghevra, instructing officials to expedite their allocation. During the 34th board meeting of the Delhi Urban Shelter Improvement Board (DUSIB), Chief Minister Rekha Gupta mandated that all renovation work is to be completed by January 15. “No budgetary constraints will be imposed on welfare schemes,” the CM emphasized. The board also approved renovation initiatives for flats at various locations, including Sultanpuri, Dwarka, and Bhalswa. This is part of the government’s initiative to repair about 50,000 unused EWS flats built over…

Latest StoriesResidential

Cidco Unveils 4,508 Tenements in Navi Mumbai—First Come, First Serve!

Representative AI image NAVI MUMBAI: On Friday, the City and Industrial Development Corporation (Cidco) announced a new housing scheme offering 4,508 ready-to-move-in flats across the Taloja, Dronagiri, Ghansoli, Kharghar, and Kalamboli nodes in Navi Mumbai, available on a first-come, first-served basis. Online registration begins on Saturday, November 22, at 4 PM. Those who successfully register by December 21 can choose their preferred tenement starting December 28. Of the available flats, 1,115 are designated for the Economically Weaker Section (EWS) under the Prime Minister Awas Yojna (PMAY), while 3,393 are for the Low Income Group (LIG). A subsidy of ₹2.5 lakh…

Latest StoriesResidential

PAC warns Punjab govt on Shivalik housing policy issues

BATHINDA: The Public Action Committee (PAC), Mattewara, has officially asked the Punjab chief secretary to stop the proposal for regularizing ‘low-impact housing/farmhouses’ in the Shivalik–Kandi region. They argue that the policy is legally unsound, lacks scientific justification, and may violate binding Supreme Court guidelines. PAC expressed concerns about the potential threat to some of Punjab’s most fragile landscapes, including areas designated under the Punjab Land Preservation Act (PLPA) and regions bordering the Sukhna Wildlife Sanctuary. The Shivalik system features unstable geology, steep slopes, and significant sediment movement, where even minimal construction could lead to slope instability. The ongoing case WP…

Latest StoriesResidential

Prayagraj Plans Aero City for Modern, Affordable Housing

Representative AI image PRAYAGRAJ: The Prayagraj Development Authority (PDA) is gearing up to initiate a significant residential project—Aero City—located near Airport Road (Jhalwa) as part of the chief minister’s expansion plan. This initiative will offer plots and flats in a single location, aimed at delivering modern, organized housing solutions within an integrated township. Spanning over 90 acres, Aero City is set to commence in the next financial year when the PDA will begin acquiring land. The plots are expected to be priced under Rs 20 lakh, making them affordable for a diverse range of homebuyers. The authority plans to purchase…

Latest StoriesResidential

Lucknow Extends Atal Nagar Housing Deadline to December 2

LUCKNOW: The Lucknow Development Authority (LDA) has extended the registration deadline for the Atal Nagar housing scheme in Devpur Para, granting applicants additional time to submit their forms. LDA vice-chairman Prathamesh Kumar announced that the new deadline is December 2, for the convenience of the public. The housing scheme features 2,496 flats distributed across 15 towers, each between 12 and 19 stories high. Out of these, 1,832 are 1BHK units and 664 are 2BHK units. The flat sizes vary from 30 to 54.95 sqm, with prices starting at Rs 9.82 lakh. Essential amenities, including lifts, water and electricity supply, power…

Latest StoriesResidential

Lucknow e-auction nets ₹425 crore in property sales

LUCKNOW: The Lucknow Development Authority (LDA) recorded property sales exceeding Rs 425 crore in its recent e-auction, with bids reaching up to three times the reserve price in various instances. For instance, a 75 sq m residential plot in Sector 5, originally valued at Rs 28 lakh, sold for an impressive Rs 1.5 crore. According to LDA vice chairperson Prathamesh Kumar, a land audit and drone survey exposed properties under illegal occupation, leading to their clearance and subsequent public bidding. In Gomtinagar Extension’s Sectors 5 and 6, 95 residential and seven commercial plots attracted bids, with 88 of them selling…

Latest StoriesResidential

Karkardooma Tower Project Sees 1,500 Bids, Exceeds Flat Supply

NEW DELHI: The Delhi Development Authority (DDA) announced the successful reception of bids for its upcoming high-rise project, ‘DDA Towering Heights’, located in Karkardooma. Officials reported this on Wednesday. This initiative marks the first housing project created under Delhi’s Transit Oriented Development (TOD) policy. “Approximately 1,500 bids have been received for the 1,026 two-bedroom flats available. The central location and excellent connectivity options have significantly driven demand,” officials noted. Situated next to the Karkardooma metro station, this project offers direct access to both the Blue and Pink lines of the Delhi metro, alongside easy connections to National Highway (NH)-9, NH-24,…

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Maharashtra Updates: Incentives for Rental Housing in MMR

Representative AI image MUMBAI: Developers are being incentivized to develop rental housing in the Mumbai Metropolitan Region (MMR). This includes a full income tax waiver on rental income for 10 years, a 5-year property tax exemption, and GST concessions. Additionally, the Maharashtra Housing Area Development Authority (Mhada) has proposed a free increase in floor space index—0.5 in Mumbai and 0.3 in MMR. On Wednesday, Mhada’s vice-president, Sanjeev Jaiswal, presented the draft rental housing policy to builders, seeking their feedback for refinement. Mhada is designated as the nodal agency for this policy and has suggested a 50% reduction in development charges,…

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Residents question uneven enforcement of Delhi’s Building Bylaws

Representative AI image NEW DELHI: Local residents are voicing concerns regarding the selective enforcement of the Unified Building Bylaws (UBBL), claiming it results in “absurd sanctions” for structures sanctioned by the Municipal Corporation of Delhi (MCD). They argue that inconsistencies in the guidelines and their interpretation are distorting zonal planning, compromising privacy, increasing fire risks between adjacent properties, and exacerbating noise issues. For example, properties larger than 500 square meters are mandated to have a six-meter setback at the front and three meters on the remaining sides. However, applicants can obtain approval for smaller plots (250-500 square meters) to utilize…