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

Lucknow: After 21 Years, Man Still Awaiting LDA Plot Possession

LUCKNOW: Harish Chandra Agarwal has endured a 21-year wait to gain possession of a plot he secured with the Lucknow Development Authority. Although the plot in the Ramnagar Housing Scheme was allotted in 2004, Agarwal’s anticipation remains unfulfilled. Agarwal expressed his discontent during the LDA’s Nagrik Suvidha Diwas on Tuesday. He mentioned that of the 80 plots allotted by the LDA in Ramnagar, only 60 have been handed over. The remaining 20 plots are reportedly encroached upon by a local figure, Prakash Yadav, who has constructed illegal slums on them and continues to collect rent from the residents, as claimed…

Latest StoriesResidential

Jharkhand Property Prices Set to Rise from August 1

RANCHI | JAMSHEDPUR: Starting August 1, the cost of purchasing a dream home in the state—including Ranchi and non-Tata command areas of Jamshedpur—will see an increase due to a revision in real estate prices. This adjustment will lead to approximately a 10% hike in the prices of both residential and commercial properties in Steel City. Notably, the new rates will not apply to Tata sub-lease land in Jamshedpur. According to officials from the registration department, the last revision occurred in 2023. Ranchi district sub-registrar Vaibhav Mani Tripathi remarked, “The rates for residential and commercial properties in Ranchi’s urban areas—including 53…

Latest StoriesResidential

Property Allottees Must Get UAN by Aug 31: Bhubaneswar Body

Representative image created by AI BHUBANESWAR: The Bhubaneswar Development Authority (BDA) announced on Tuesday that all property allottees are required to obtain a Unique Account Number (UAN) by August 31. This digital initiative aims to transform BDA’s service delivery and improve transparency in property transactions. The UAN is a 12-digit number that will provide access to various online services, including asset allotment, lease deed execution, no-objection certificates (NOCs) for loans, asset transfers, and conversion of leasehold properties to freehold status. Allottees can generate their UAN by visiting the BDA’s official website (www.bda.gov.in), according to an official statement. The BDA will…

Latest StoriesResidential

Mumbai Landlords Risk Jail for Undisclosed Tenants

MUMBAI: The Mumbai Police have ramped up efforts to take action against property owners who neglect to provide tenant information to law enforcement agencies. This initiative has resulted in multiple first information reports (FIRs) being lodged at various police stations across the city, showcasing a zero-tolerance stance on what authorities classify as a critical breach of public safety protocols. The warning is clear: Landlords in Mumbai who fail to comply with reporting regulations face severe legal repercussions, potentially including imprisonment. In recent days, six FIRs have already been filed against property owners in areas such as Shivaji Park, Dadar, and…

Latest StoriesResidential

Pune Tenant Registrations Drop, Seven Police Stations Missing from Portal

Representative image created by AI Residents in rapidly developing areas like Ambegaon, Nanded City, Baner, Kharadi, Wagholi, Kalepadal, and Phursungi are encountering challenges with online registration of leave and license agreements for tenancy. This is due to the lack of integration of seven new police stations into the official e-registration portal. The portal, designed to simplify tenancy registrations by associating submissions with the correct police jurisdiction, still lists only 33 police stations instead of the updated 40. Consequently, tenants are being mapped to incorrect police entities, causing confusion and potential legal issues. “If a document is sent to the wrong…

Latest StoriesResidential

Goa’s New Guidelines for House Numbers and Repairs

PANAJI: The Urban Development Department has launched new guidelines to simplify the process of issuing bifurcation or separate house numbers for existing homes. These changes aim to alleviate challenges for nuclear families living in the same dwelling who require independent utility connections. In many instances, residents in larger homes have encountered difficulties in securing distinct house numbers, complicating their access to individual water and electricity connections. The bifurcation process is essential for families who wish to live separately within the same house, creating a scenario where different family members, sometimes functioning as independent units, need their own utility services. The…

Latest StoriesResidential

Goa CM Announces Housing Scheme for the Homeless

PORVORIM: Chief Minister Pramod Sawant announced on Monday that the state government will roll out a new housing scheme for the homeless, based on the Pradhan Mantri Awas Yojana but tailored specifically for Goa. He revealed that two areas of government land in Pernem have been earmarked for the project, where 1BHK flats will be constructed. Sawant stated that issues surrounding housing for the homeless would be addressed within two months, noting that applicants must possess a 30-year resident certificate to qualify. During a calling attention motion, Curchorem MLA Nilesh Cabral raised the need for a housing scheme for the…

Latest StoriesResidential

Akshay Kumar Sells Mumbai Properties for ₹7.1 Crore

NEW DELHI: Akshay Kumar has sold two adjacent residential properties in Sky City, developed by Oberoi Realty, for a combined total of ₹7.10 crore in Borivali East, Mumbai. Both sales were recorded in June 2025. As per documents from the Inspector General of Registration (IGR) examined by Square Yards, the first property is valued at ₹5.75 crore and features a carpet area of 1,101 sq ft (102 sq meters) along with two car parking spaces. The transaction included a stamp duty of ₹34.50 lakh and registration fees of ₹30,000. Akshay Kumar originally acquired this property in 2017 for ₹3.02 crore,…

Latest StoriesResidential

Homebuyers urge CJI, PM to let NBCC finish Supertech projects

Homebuyers from 16 halted housing projects by Supertech have reached out to Chief Justice of India B R Gavai and Prime Minister Narendra Modi, urging intervention to transfer these projects to state-owned NBCC instead of the NCR-based Apex Group. The buyers are requesting the Supreme Court to lift a stay imposed on a December 2024 order from the National Company Law Appellate Tribunal (NCLAT), which directed that these projects be handed over to NBCC (India) Ltd for timely completion. This stay was placed following a revival proposal submitted to the Supreme Court by Apex Group. “After enduring over a decade…

Latest StoriesResidential

18,000+ Tenants and Servants Verified in Chandigarh in 15 Days

Representative image created by AI CHANDIGARH: In a bid to monitor anti-social elements and enhance security ahead of Independence Day, the Chandigarh Police initiated a special campaign to verify tenants and domestic helpers throughout the city. Over a span of 15 days, various police teams conducted verifications for a total of 18,497 tenants and helpers. During the campaign, officers in Sector 49 registered cases against two women employers in Sector 48 for not verifying their domestic helpers through the proper police channels. A total of 9,586 tenants and 8,911 servants were verified across the city’s 16 police stations. This initiative…