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

Ex-ASK Asset Director’s Family Buys 4 Mumbai Apartments for ₹179 Cr

Representative AI image MUMBAI: Family members of Bharat Shah, former whole-time director of ASK Asset & Wealth Management Group, have purchased four luxury apartments in Mumbai’s upscale Worli neighborhood for approximately ₹180 crore. The apartments are in the Kalpataru One residential project and were acquired directly from Kalpataru Properties by Preeti and Kinnari Bharat Shah. The transaction was registered on July 6 and involves four units located on the 34th and 35th habitable floors of Wing A, each valued at around ₹44.85 crore. The total RERA carpet area of the four apartments is 17,689 sq ft, and the deal includes…

Latest StoriesResidential

Goa to Provide Financial Aid for ST Home Regularization

PANAJI: The state government announced the Mukhya Mantri Janjatiya Mhaje Ghar Yojana on Thursday, providing financial support for purchasing or regularizing land or housing for members of the Scheduled Tribe (ST) community. Nilesh Dhaigodkar, the Director of Tribal Welfare, stated that the scheme aims to help eligible ST community members purchase or regularize housing with land, based on prices set by the relevant authorities. Under this initiative, the government will offer 100% financial support via reimbursement for properties acquired pre-1972, with a cap of Rs 1 lakh. For properties acquired post-1972, the reimbursement will be 50% of the purchase cost,…

Latest StoriesResidential

Gurugram: Imperia Esfera Residents Seek Structural Audit

GURUGRAM: A balcony section collapsed at a luxury apartment complex in Sector 37D on a rainy Thursday morning, according to police reports. Fortunately, there were no immediate injuries reported. The incident took place in Tower E of the Imperia Esfera Phase-2 complex, where residents heard a loud noise as part of the first-floor balcony fell. A resident noted that although people were walking underneath the balcony at the time, no one was struck by the debris, and there were no reported injuries. Authorities arrived promptly and cordoned off the area. An investigation has been initiated, and inspections are underway. This…

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Assam to Build 200,000 PMAY-G Houses in 100 Days

GUWAHATI: The Assam government plans to complete two lakh houses under the PMAY-Gramin scheme within the next 100 days, according to a minister’s statement on Wednesday. In response to Congress MLA Tanzil Hussain’s query, Panchayat and Rural Development Minister Atul Bora noted that since 2016, 22 lakh houses have been built statewide under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G). “In the next 100 days, our target is to complete two lakh new houses and distribute them to the community,” stated Bora. Hussain raised concerns regarding potential irregularities in the ‘geo-tagging’ process of the houses and called for an investigation. Bora…

Latest StoriesResidential

Fee Hinders Delhi’s Unauthorized Colony Residents from Legalizing Homes

NEW DELHI: The Municipal Corporation of Delhi’s (MCD) initiative to regularize properties in unauthorized colonies has seen a mere five applications in over two months. Officials indicate that a significant number of low-income residents are unable to afford the hefty sums, often amounting to lakhs, required for legalizing their homes, particularly since there is minimal urgency to expedite the process. Launched on April 24, the MCD’s SWAGAM portal enables residents who have already achieved ownership rights under the Centre’s Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY) to regularize their properties based on current conditions. More than 40,000…

Latest StoriesResidential

Pune PMC Warns Bavdhan Society Over Missing Stormwater Drains

PUNE: The Pune Municipal Corporation (PMC) has attributed the persistent waterlogging in the gated Nisarg Society, located in Bavdhan, to the lack of a stormwater drainage system and rainwater harvesting infrastructure. Following this, PMC has issued a notice to the society for the installation of these essential facilities. The society is now required to hire a consultant to implement stormwater drains and rainwater harvesting solutions. The notice also states that the society and the property owners will bear the responsibility for any issues arising from inadequate rainwater management. Residents and the managing trust of the township have contested this directive,…

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UP CM hands out approval letters to Awas Yojana beneficiaries in Pratapgarh

PRAYAGRAJ: During his visit to neighboring Pratapgarh on Tuesday, Chief Minister Yogi Adityanath presented benefits and approval letters to several beneficiaries under various government schemes. The CM inaugurated and laid the foundation stone for 111 projects valued at Rs 384 crore. Shraddha Pandey, the top scorer of the Bihar Public Service Commission (BPSC) examination, was gifted an iPad. Shivam Yadav received an approval letter for the Mukhyamantri Bal Seva Yojana, and Meenu Kumari also received an approval letter under the same scheme. Furthermore, Hemlata Saroj was granted an approval letter under the Mukhyamantri Awas Yojana (rural). Other beneficiaries included Reena…

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NAKSHA Phase Two Starts in Panaji & Margao; Title Papers Needed

Representative AI image MARGAO: The Directorate of Settlement and Land Records (DSLR) has announced the commencement of the second phase of the NAKSHA pilot project, which focuses on land inquiry proceedings in Panaji and Margao to confirm property ownership. Notices have been distributed in the jurisdictions of the Corporation of the City of Panaji (CCP), Margao Municipal Council, and Cuncolim Municipal Council, including peri-urban Tiswadi. Property owners have been requested to present their title documents to the inquiry officers. This follows the completion of ground-truthing to verify property boundaries from the first phase. Frederick Gonsalves, inspector of survey and land…

Latest StoriesResidential

PG Rent Hikes in Chennai Amid Soaring Food and LPG Costs

CHENNAI: The cost of living in paying guest (PG) accommodations in Chennai and Tambaram has surged. Operators have raised rents by at least 35%, introducing separate food charges due to significant increases in commercial LPG prices, food costs, and operating expenses. There are around 200 registered PGs serving men and women in the city, providing essential housing for numerous college students and young professionals. Monthly expenses have spiked, with the average rent for a three-sharing room now hitting approximately ₹11,000, up from ₹9,000. Double-sharing accommodations have also seen a price jump from ₹12,000 to nearly ₹14,000, and electricity remains an…

Latest StoriesResidential

Citizens’ Group Calls for Pause on NAKSHA Land Check in Cuncolim

MARGAO: The Citizens for Democracy Goa group has called for the government to halt the NAKSHA property verification exercise in Cuncolim until formal guidelines and the legal foundation of the process are made public. The group expressed that the ongoing initiative has instilled anxiety among numerous residents. Convener Elvis Gomes criticized a notice from the Directorate of Settlement and Land Records, which requires residents to validate land titles within 30 days for the ‘urban property card.’ He described the timeline as a “mathematical absurdity and a logistical nightmare,” noting that it aims to verify approximately 18,545 property holdings in Cuncolim…