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

Rising Construction Costs Stall PMAY-G Progress in Mysuru

Representative image created by AI MYSURU: The Pradhan Mantri Awas Yojana-Gramin (PMAY-G), the government’s flagship rural housing scheme, is encountering substantial delays in the Mysuru and Chamarajanagar districts. This is largely due to rising construction material and labor costs. In Mysuru, there are 20,908 houses planned for the fiscal year 2024-25, but only 64.4% of the work has been completed so far. Chamarajanagar has made even less progress, with only 27.2% completion. Out of the 20,908 houses set for Mysuru, 13,462 beneficiaries have begun construction after receiving their allotment letters, leaving 7,466 others still awaiting theirs. In Chamarajanagar, of the…

Latest StoriesResidential

Delhi to Revise Policy, Approach Court for Slum Dwellers’ Rights

NEW DELHI: Chief Minister Rekha Gupta declared on Friday that no slum residents in Delhi will face harassment. She emphasized that her government is prepared to amend existing policies and may even seek court intervention to safeguard their housing rights. Gupta urged all governmental bodies, including the Indian Railways and the Delhi Development Authority (DDA), to avoid demolishing jhuggi-jhopri (JJ) clusters within the city. She stated that adjustments to the slum policy could occur if necessary to protect the inhabitants’ rights. The government plans to renovate 50,000 old houses constructed under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme,…

Latest StoriesResidential

Lucknow property prices soar 25% with new circle rates

LUCKNOW: Beginning Friday, property prices in Lucknow are set to rise by as much as 25% due to the implementation of revised circle rates. These rates represent the minimum property price used to calculate stamp duty fees. The circle rates have been updated for the first time in a decade, with increases ranging from 15% to 25%, influenced by the property’s location and type. According to Assistant Inspector General of Stamps, Ramesh Chand, the last revision took place in 2015. He noted, “Prices for agricultural land have risen by 15%, while non-agricultural land prices for housing have surged by 20%…

Latest StoriesResidential

Mumbai’s July 2025 Property Registrations Hit ₹1,101 Crore

NEW DELHI: In July 2025, Mumbai (under the BMC jurisdiction) registered 12,366 properties, generating ₹1,101 crore in revenue through stamp duty. This represents a year-on-year growth of 3%, spurred by an increase in high-value transactions. Compared to the previous month, property registrations rose by 7%, while stamp duty collections increased by 6%. In the first seven months of 2025, Mumbai saw over 88,426 property registrations, a 4% year-on-year uptick. The associated revenue grew by 13% to ₹7,832 crore. Shishir Baijal, chairman and managing director at Knight Frank India, remarked, “Mumbai’s residential sector is showcasing robust buyer confidence, with monthly registrations…

Latest StoriesResidential

Mumbai Chawl Residents Protest BEST’s Power, Water Cuts

Representative image created by AI MUMBAI: The Elphinstone Bridge is back in the news as residents of a nearby chawl report harassment from Brihanmumbai Electric Supply and Transport (BEST) officials. A resident from Haji Noorani Chawl mentioned that on Tuesday, BEST officials attempted to cut off the electricity supply and warned that water would also be discontinued. “Today, BEST officials informed us that MHADA requested to disconnect electricity and water at Haji Noorani Chawl, stating that the building is unsafe. We gathered and prevented them from cutting off the supply,” said Munaf Thakur, Secretary and resident of the chawl. He…

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Haryana CM Offers 100 Sq Yards Plot to 1 Lakh Poor Families

KURUKSHETRA: On Wednesday, Haryana Chief Minister Nayab Singh Saini announced that one lakh families classified as ‘Antyodaya’ without land will soon receive a plot of 100 square yards each. “Following this achievement, we will begin selecting an additional 1 lakh beneficiaries,” he stated. The Chief Minister made these remarks during an event in various villages within the Ladwa constituency, as per an official statement. He reiterated the government’s commitment to providing plots to underprivileged families, ensuring “a roof over every head.” Saini criticized the previous Congress administration for making empty promises regarding the distribution of 100-square yard plots to the…

Latest StoriesResidential

Bhubaneswar to Offer Affordable Housing to Slum-Dwellers via Lottery

BHUBANESWAR: On Wednesday, the Bhubaneswar Development Authority (BDA) conducted a lottery to distribute homes to 38 beneficiaries through its Affordable Housing Projects (AHP) and In-situ Slum Redevelopment (ISSR) initiatives. The purpose of these schemes is to offer secure and dignified housing for the urban poor living in slums and informal settlements. The allocation involved 24 beneficiaries receiving homes at Barunei Enclave AHP in Subudhipur, nine at Santi Nagar Awas Yojana (Keshari Residency), and five at the Nilamadhab Awas scheme in Chandrasekharpur. BDA Vice-Chairman N Thirumala Naik, present at the event, highlighted the authority’s commitment to inclusive urban development. “Our goal…

Latest StoriesResidential

Prayagraj to Conduct Flat Allotment Lottery on August 5

Representative image PRAYAGRAJ: The Prayagraj Development Authority (PDA) is set to conduct a transparent lottery for the allocation of flats in 12 residential schemes throughout various city locales. From June 25 to July 15, online applications were accepted, attracting 154 eligible applicants eager to secure a housing opportunity. The lottery draw is scheduled for August 5, commencing at 11:30 am at the PDA’s Indira Bhawan in Civil Lines. The lottery will be executed openly and fairly, guaranteeing equal chances for all registered applicants. The process will continue until all flats are assigned. Authorities urge all applicants who registered online to…

Latest StoriesResidential

Uttar Pradesh: 1% Stamp Duty Relief for Women Buyers on Homes Up to ₹1 Crore

NOIDA: Women buying properties or land worth up to Rs 1 crore will now receive a 1% stamp duty waiver, following a recent update from the UP cabinet that raised the property cap for the discount from Rs 10 lakh. In Noida and Ghaziabad, stamp duty ranges from 6-7% of the total flat cost, plus an additional 1% processing fee for registration. The updated limit, effective from July 29, allows women to save up to Rs 1 lakh during property registration. Brijesh Kumar from the AIG-2 (stamp department) informed TOI that approximately 30% of properties registered monthly in Noida are…

Latest StoriesResidential

Gurgaon plans significant increase in circle rates

GURUGRAM: Property prices in Gurugram are poised for a significant increase, with the district administration proposing a rise in circle rates ranging from 8% to 77% for residential areas, and up to 145% for agricultural land. Circle rates represent the minimum price at which land or property can be sold and are legally binding, unlike market rates that fluctuate based on demand and supply. The proposed increases, particularly in premium neighborhoods such as DLF I-V, South City, Suncity, Sushant Lok, and Golf Course Road, are suggested to be around 10-20%. For luxury flats in DLF Aralias, The Magnolias, and Camellias…