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

Nashik Offers 8% Property Tax Rebate for April 2026 Payments

NASHIK: The Nashik Municipal Corporation (NMC) has introduced an 8% rebate for taxpayers who settle their annual property tax in one installment during April. This initiative aims to encourage prompt payments and enhance revenue collection. Civic officials noted that this incentive mirrors last year’s program, which offered rebates of 3%-8% in April and June. The earlier initiative helped the NMC garner over Rs 100 crore in property tax within the first three months of the 2025-26 fiscal year. Additionally, those who opt for online payment will receive a further 1% rebate, resulting in a total benefit of nearly 9% for…

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Property Rates Rising in 2,624 Indore Locations

INDORE: Starting Wednesday, property prices will increase in over 2,000 areas of Indore due to the implementation of new collector guideline rates for the 2026-27 financial year. Out of 4,590 surveyed locations, prices have risen in 2,624 areas, reflecting an average increase of 26% across the district. On Tuesday, the last day of the financial year, sub-registrar offices experienced a rush as residents hurried to register properties at the old rates. Despite banks being open to facilitate transactions, many advocates reported technical issues and ‘slot limits’ as late-night filings surged. Although the registration department’s revenue increased from the previous year,…

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Bengaluru Plans 4,200+ Flats, Focuses on Vertical Housing

Representative Image BENGALURU: The Bangalore Development Authority (BDA) is shifting its focus from large plotted layouts to apartment complexes, initiating six new housing projects that will offer 4,251 flats as part of its strategy to enhance residential infrastructure. These projects, amounting to ₹3,200 crore, are located in Konadasapura, Electronics City, Valagerahalli, Kalathammanahalli, and Kenchanapura, featuring unit types ranging from 1BHK to 4BHK. Current work includes essential infrastructure such as roads, drainage, and power supply. One of the most significant developments is the Konadasapura Phase 1 housing scheme in Bidarahalli hobli, which is set to include 1,928 flats – comprising 480…

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CM Rural Housing Scheme Benefits 19,000 in Gorakhpur

Representative Image GORAKHPUR: The Chief Minister Rural Housing Scheme is transforming the dream of homeownership into reality for countless underprivileged families in the Gorakhpur division. Launched under Chief Minister Yogi Adityanath’s guidance, the scheme provides crucial support for those excluded from the Pradhan Mantri Awas Yojana-Gramin due to technical barriers. According to officials, over 19,000 beneficiaries across four districts have been included in the state scheme, with more than 17,000 already moving into their pucca homes. The government has allocated approximately Rs 219 crore for this initiative so far. Additionally, the PMAY-G has also made significant strides, with nearly 1.99…

Latest StoriesResidential

Karnataka’s Tier-II Buyers Boost Duplex Apartment Demand

HUBBALLI: Duplex apartments, once regarded as a luxury exclusive to major metropolitan areas, are gaining ground in cities like Hubballi, Belagavi, and Kalaburagi. While Bengaluru has traditionally been the leader in this trend, other cities are now reshaping urban living through duplex homes. By 2026, numerous developers are committing to these constructions in response to increasing client demand. Reports indicate a steady rise in buyer interest, prompting a receptive response from the real estate sector. In capital cities, lucrative rental yields motivate this trend, whereas tier-2 cities are seeing a growing preference for duplex units primarily for personal use. Pradeep…

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Bhopal Buyers Race to Complete Registrations Before Rate Hike

BHOPAL: On March 31, registration offices at ISBT and Pari Bazaar experienced an overwhelming influx of buyers racing to complete property registrations before the new rates took effect. By late Tuesday evening, over 1,000 registrations were completed. Starting April 1, stamp duties saw steep increases of 50% or more in 104 locations, with certain areas witnessing escalations of up to 100%, 150%, and even 181%. The financial year’s final day saw registration offices bustling, despite occasional internet slowdowns. Over 1,000 documents were processed, yielding Rs 20 crore in revenue in just one day. The district exceeded its annual revenue target…

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Mumbai Property Registration Jumps 3% in March 2026

NEW DELHI: Property registrations in the Mumbai region rose by 3% in March, totaling 15,983 units—the highest figure recorded in the past 14 years, according to Knight Frank. This marks an increase from last year’s March, which saw 15,510 registrations. In a statement released on Tuesday, Knight Frank reported that the city of Mumbai (within BMC jurisdiction) recorded these transactions, which include both primary and secondary market sales. “This is the highest monthly registration volume for March in 14 years, exceeding the previous peak observed in March 2025, emphasizing the strength and resilience of the city’s residential market,” the report…

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Gurugram Residents Face 18% Interest on Unpaid Taxes Starting April 1

GURUGRAM: Residents are reminded to settle their outstanding property tax and water bills by Tuesday. Beginning April 1, any unpaid property tax will incur an annual interest rate of 18%, and overdue water bills will face an added surcharge. To accommodate last-minute payments, the Municipal Corporation of Gurugram (MCG) will keep all related offices open on Tuesday, despite it being a holiday, allowing residents to clear their outstanding dues. Officials noted that those who miss the deadline will be subjected to additional penalties. MCG Commissioner Pradeep Dahiya urged residents to pay on time to avoid additional financial burdens from interest…

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Malaika Arora Khan Rents Out Mumbai Apartment for ₹1.17 Crore

File photo NEW DELHI: Malaika Arora Khan has rented an apartment in the Vida building, Bandra West, Mumbai, starting at ₹3.10 lakh per month. The transaction was recorded with a stamp duty of ₹30,819, registration charges of ₹1,000, and a security deposit of ₹20 lakh, as per property registration documents reviewed by Square Yards from the Inspector General of Registration (IGR) website. The lease agreement was officially registered in March 2026. According to an analysis by Square Yards, the lease term is for 36 months. The initial monthly rent of ₹3.10 lakh is set for the first year, increasing by…

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Download Allotment Letters from Lucknow Development Website

LUCKNOW: The Lucknow Development Authority (LDA) is urging allottees to download their allotment letters from its official website and complete the necessary formalities within a three-month timeframe. Failure to do so will result in automatic cancellation of the allotment without prior notice. This directive was issued by LDA vice-chairperson Prathamesh Kumar. This initiative aims to enhance transparency in the allotment process and minimize procedural delays. Previously, allotment letters for residential and commercial properties allocated through various schemes, including lotteries, e-auctions, and first-come-first-served methods, were sent via registered post. Officials noted that delays often compelled allottees to visit LDA offices for…