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

Azim Premji’s Son Purchases ₹45.7 Crore Home in Bengaluru

Sure! Here’s a rewritten version of the content: BENGALURU: Tariq Premji, son of renowned philanthropist and Wipro founder Azim Premji, has purchased a luxury duplex penthouse in central Bengaluru for ₹45.7 crore, as per property registration documents from Zapkey. The apartment is situated in “27 Summit,” an ultra-luxurious residential tower in Sampangiramnagar, close to the city’s CBD. Developed by Maia Estates-backed Nestled Haven Developers, the transaction was recorded in February of this year. The duplex, known as Penthouse B, occupies the 25th and 26th floors of the tower, covering a carpet area of 7,065 square feet and a super built-up…

Latest StoriesResidential

Seven Pune colonies slated for redevelopment, residents notified to vacate

PUNE: The civic authorities have initiated plans to redevelop municipal colonies that have deteriorated over the decades. Notices have been issued to residents of seven housing complexes across civic areas, requesting them to vacate their homes for the rebuilding process. Officials from the Pune Municipal Corporation (PMC) reported that approximately 1,900 flats are in unsafe conditions, emphasizing that residents must relocate. Priority will be given to 288 houses during the redevelopment initiative. Plans are currently in discussion, with the project potentially being executed by PMC itself or through a build, operate, and transfer model, possibly involving a private developer. Residents…

Latest StoriesResidential

MHADA Begins Allotment of 827 Rehab Units in Worli BDD Chawl

NEW DELHI: The Maharashtra Housing and Area Development Authority (MHADA) has initiated the allocation process for 827 rehabilitation tenements within the Worli BDD Chawl redevelopment project. This allocation is targeted at eligible residents in wings F, G, and H of rehabilitation building one. On the first day, allotment letters were issued to 41 eligible residents, with 36 individuals receiving keys to their units after submitting the necessary documentation. The allotment and possession letters are being distributed at MHADA’s project office located in Sumer Kendra, Worli, on weekdays from 11 am to 6 pm, excluding public holidays. The Worli BDD Chawl…

Latest StoriesResidential

E-Khata, Kaveri 2 Disrupt Property Deals in Belagavi

BELAGAVI: Belagavi MP Jagadish Shettar has urged state revenue minister Krishna Byre Gowda to take immediate action on the severe disruptions in property transactions caused by recent updates to the e-Khata and Kaveri 2 systems, stressing the potential for significant economic and administrative consequences. In his detailed appeal, Shettar pointed out how the real estate and construction sector—critical for employment and state revenue through various taxes—has suffered considerably, estimating a revenue loss of around Rs 5,000 crore for the 2025–26 fiscal year. A significant issue revolves around properties under perpetual leases in key areas such as Tilakwadi, Nehrunagar, Mujawar Galli,…

Latest StoriesResidential

Jaipur: Ramganj Residents Frustrated by Unsafe Building Delays

JAIPUR: A five-storey building in Jagannath Shah Ka Rasta, Ramganj area, poses more than just a safety risk for local residents. What began as a precautionary evacuation due to cracks in the pillars has escalated into a daily challenge for families in the vicinity. On Monday, frustrations reached a boiling point as residents protested at the Kishanpol Zone office, seeking urgent action. The building was evacuated after its pillars showed signs of damage, leading the Jaipur Municipal Corporation (JMC) to barricade the area and evacuate nearby homes as a precaution. However, after eight days, residents remain in limbo with no…

Latest StoriesResidential

Mihan Distributes Developed Plots to 116 Affected Families in Nagpur

Representative AI image NAGPUR: In a significant move to rehabilitate families affected by the Mihan project, the Maharashtra Airport Development Company (MADC) has allocated developed plots to 116 eligible beneficiary families through a transparent lottery process. The beneficiaries, opting for the 12.5% developed land scheme, have cleared the necessary development fees. The allotment was conducted through a lottery draw. Land owned by farmers in Shivangaon was acquired for the Mihan project, leading to several compensation measures, including the provision of 12.5% developed land to affected farmers. This decision, announced by then Chief Minister Ashok Chavan in the State Legislature, followed…

Latest StoriesResidential

Nagpur Police Requires Tenant Verification for Landlords & Agents

Representative AI image NAGPUR: In a move to enhance urban surveillance and monitor undocumented residents, Nagpur police have made tenant verification mandatory throughout the city. Landlords and property agents face criminal penalties for non-compliance. Utilizing powers under Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), Nagpur CP Ravinder Singal issued an order instructing all landlords, flat owners, and property agents to provide complete tenant information to the nearest police station prior to renting out properties or within 48 hours of occupancy. The order, effective from May 8 to July 7, requires landlords to submit details including tenants’ names, permanent…

Latest StoriesResidential

Delhi body selects TOD sites to promote affordable housing

Representative image NEW DELHI: The Delhi Development Authority (DDA) has identified 14 land parcels along metro corridors aimed at developing residential and mixed-use spaces to enhance affordable housing in the city, reducing outward migration to NCR towns. The identified plots, totaling over 3.6 lakh square meters, align with the recently introduced Transit-Oriented Development (TOD) policy and are positioned along the Blue, Red, Green, Pink, and Yellow metro lines. East Delhi features six sites—Dilshad Garden, Jhilmil, Preet Vihar, Karkardooma, and Mandawali/Fazalpur—while three sites are located in Dwarka. Additional plots can be found in Rohini, Madipur, Peeragarhi, and Rohtak Road. Most of…

Latest StoriesResidential

Ulhasnagar Residents Get Relief as State Begins Home Regularization

MUMBAI: Thousands of families residing in homes constructed in Ulhasnagar before 2011 may soon gain legal ownership rights, as the Maharashtra government has kick-started a significant regularisation process for longstanding residential encroachments. This initiative aims to tackle one of the most persistent housing issues in the city. A special review committee has been established for the 141 Ulhasnagar assembly constituency, with MLA Kumar Ailani appointed as chair. This decision provides much-needed relief to numerous lower- and middle-income families who have lived in uncertainty for decades. Many residents in Ulhasnagar’s old settlements and slums have faced challenges in obtaining legal property…

Latest StoriesResidential

Secunderabad: RWAs call for CCTV and security audits in gated areas

HYDERABAD: Representatives from the United Federation of Resident Welfare Associations met with Secunderabad’s additional deputy commissioner of police, J. Narsaiah, on Thursday to discuss improving safety for women and senior citizens while upholding the dignity of domestic workers. During the meeting, the delegation presented a memorandum suggesting several measures, such as mandatory police verification for domestic workers, drivers, and other household staff, installation of digital gate management systems in gated communities, CCTV surveillance in common areas, annual security audits, and awareness programs for residents. The representatives noted the need for verified databases of domestic workers and service personnel in residential…