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: Builders Must Submit CCs Before Flat Transfers

BENGALURU: To combat unauthorized constructions, the Bruhat Bengaluru Mahanagara Palike (BBMP) has implemented a tough new policy for builders and property owners. It is now mandatory for them to present completion certificates before selling flats or properties. Layout approvals will only be granted once both the completion and occupancy certificates are provided. This measure addresses the ongoing problem of illegal constructions that have been bypassing official approvals, which have resulted in significant financial losses for the city corporation. The BBMP has identified thousands of unauthorized buildings but has yet to take decisive demolition actions. A BBMP official stated, “To tackle…

Latest StoriesResidential

Noida Authority to Revoke Allotments of Encroached Plots

NOIDA: Residents in several Noida areas who are extending balconies, constructing extra rooms, or encroaching on Authority land may soon face plot cancellations if they disregard repeated warnings. The Noida Authority has opted to revoke the allotment of plots for owners engaged in encroachments, even after receiving two notices under Section 10 of the UP Industrial Area Development Act. CEO Lokesh M instructed officials on Friday to place notices directly on properties if the allottees do not acknowledge them, ensuring that no one can claim they were unaware. During a review meeting, he directed the asset department officials to compile…

Latest StoriesResidential

Over 50,000 Goa Homes to Be Regularized Soon

PANAJI: In the coming days, over 50,000 homes in Goa will be regularized as a result of three laws passed during the recent monsoon session of the legislative assembly. Chief Minister Pramod Sawant stated that the ‘Majhe Ghar’ initiative has led to several “bold, compassionate, and people-centric” reforms, ensuring every Goan family can claim their fundamental rights. Under the Goa Land Revenue Code (Amendment) Bill, 2025, homes constructed on government land by landless, long-term residents before February 28, 2014, can now be regularized. Class-I occupancy will be granted for areas up to 400 sqm (including a 2m buffer). “A strict…

Latest StoriesResidential

South Mumbai Societies Enticed by Luxe Lunches for Redevelopment

MUMBAI: This weekend, a prestigious luxury hotel in South Mumbai will host meetings for affluent residents of a prime housing society on Altamont Road, one of the most expensive residential areas in India. Three of Mumbai’s top developers will separately present their redevelopment proposals. The competition for these prime properties is expected to be fierce, as new apartments can demand prices exceeding Rs 1.5 lakh per square foot. On Saturday, a notable developer from Goregaon has reserved a large banquet hall at the hotel. The following day, another major developer will host a lunch at an entire restaurant located on…

Latest StoriesResidential

300+ Gurugram Projects Violate Norms, Bypass STP Checks

GURUGRAM: More than 300 real estate and commercial projects in the city have failed to install the mandatory analysers on their sewage treatment plants (STPs). Documents obtained through the RTI Act reveal this includes several prominent group housing societies, IT parks, and shopping malls. STP analysers are essential for an environmental management system, providing real-time data on critical parameters such as pH levels, chemical oxygen demand (COD), and biochemical oxygen demand (BOD), to ensure wastewater treatment complies with discharge standards. The list, revealed by the Haryana State Pollution Control Board (HSPCB) in response to an RTI request from local resident…

Latest StoriesResidential

New Greenfield Townships in Uttar Pradesh Before Festival Season

LUCKNOW: In encouraging news for families in search of budget-friendly housing, more than a dozen greenfield townships are set to launch ahead of the festive season across major cities in Uttar Pradesh. Following a meeting with housing development authorities, the state government has instructed vice-chairmen to speed up the land aggregation process to roll out the housing scheme before Diwali. Plans are in place to launch schemes in seven cities by September, while the remaining 11 will be inaugurated before Diwali. Among the cities poised for new townships are Aligarh, Meerut, Jhansi, Mathura, Agra, Moradabad, Kanpur, Firozabad, Bulandshahr, Banda, Ayodhya,…

Latest StoriesResidential

DDA Starts Rent Payouts for Signature View Residents

NEW DELHI: On Wednesday, the long-anticipated request from the residents of Signature View Apartments in Mukherjee Nagar, North Delhi, was addressed as the Delhi Development Authority (DDA) commenced compensatory rent payments for the original occupants of the residential complex marked for demolition. This action clears the way for the redevelopment of the apartment complex, which has been declared uninhabitable. A DDA representative confirmed that 56 residents who submitted the necessary documents and vacated their flats received rent payments up until the end of July. Other residents will be included as beneficiaries starting in September. “Residents who left the complex before…

Latest StoriesResidential

Odisha: 1.36 Lakh Homes Built under PMAY-Urban in 10 Years

BHUBANESWAR: The state government has successfully constructed 136,000 houses for urban poor citizens under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) across 115 urban local bodies over the past decade since 2015, according to the Odisha Urban Housing Mission (OUHM). Data indicates that a total of 184,000 houses were sanctioned under PMAY-U, with 162,000 already initiated, achieving 73% of the state’s target for housing. This housing data is essential for the Odisha Economic Survey Report 2025-26. In terms of specific scheme components, beneficiary-led construction accounts for the highest number, with 131,000 houses completed. Additionally, 3,650 houses were finished under the affordable…

Latest StoriesResidential

Indore: New Housing and Infrastructure Boost MR-10 Development

INDORE: To facilitate the development of the MR-10 road, the Indore Development Authority (IDA) plans to construct high-rise apartments to accommodate affected families. “The IDA board has decided to build housing units under the Pradhan Mantri Awas Yojana Urban 2.0 on a 1.613-hectare plot (FP-422) in IDA’s Town Planning Scheme (TPS)-08,” announced IDA CEO RP Ahirwar. This initiative will help relocate impacted families into new flats. The board meeting, chaired by Divisional Commissioner and Chairman Deepak Singh, yielded several key decisions aimed at progressing various development projects in the city. “A Rs 48.81 crore tender was approved for constructing a…

Latest StoriesResidential

DDA Starts Rent Payments for Signature View Residents

NEW DELHI: The Delhi Development Authority (DDA) is preparing to initiate rent payments for residents of Signature View Apartments, many of whom have left their units after they were deemed structurally unsafe. Amrendra Singh Rakesh, president of the apartment’s Resident Welfare Association (RWA), stated on Tuesday: “We have received the rent agreement set to be signed between the flat owners and the DDA. The authority will provide rent payments from January to July this year, and continue until demolition and reconstruction are completed.” In a prior high-level meeting led by Lt Governor VK Saxena, the DDA confirmed that rent assistance…