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

Residents Meet Noida Officials, Demand Civic Solutions

NOIDA: Residents’ Welfare Associations (RWAs) recently met with Noida Authority officials concerning overdue repair works for roads, drains, sewers, parks, as well as water and power supply. The general secretary of the RWA for Sector 51, covering blocks C to F, also requested the CEO to put a stop to various commercial activities such as paying guest accommodations, hotels, guest houses, banquet halls, offices, nursing homes, and schools operating from rented properties. Sanjeev Kumar, the RWA general secretary, expressed concern that the increase in commercial activities like hotels and guest houses poses a security risk. With numerous establishments emerging, it…

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Tamil Nadu RWA Calls for Statewide Property Tax Audit

CHENNAI: The Tamil Nadu Alliance of Resident Welfare Associations (TNARWA) has urged the state government to initiate an extensive and transparent audit of residential and commercial buildings. They assert that widespread property tax evasion and corrupt assessment practices have resulted in revenue losses amounting to hundreds of crores of rupees. The federation is calling for regular inspections of properties owned by MLAs, councillors, and other political figures. Additionally, they seek stringent action against both tax evaders and revenue officials who fail to conduct impartial assessments. “Given the state’s declining financial health and the difficulty in fulfilling various welfare commitments made…

Latest StoriesResidential

Godrej family purchases 2 Worli apartments for ₹294 crore

Tanya Dubash, a scion of the Godrej family and executive director at Godrej Industries Group, has acquired two luxury sea-facing apartments in a premium residential tower currently under construction at Mumbai’s Worli Sea Face for over ₹294 crore, according to property registration documents obtained by RealtyDailyNews. The apartments have been valued at more than ₹2.5 lakh per square foot, placing them among the highest-priced residential properties in the nation based on this rate. The two units, located on the 19th and 20th floors of the ultra-luxury tower Naman Xana, each boast a carpet area of approximately 5,812 sq ft, complemented…

Latest StoriesResidential

India’s Residential Rents Jump 14% in Early 2026: Magicbricks

NEW DELHI: According to the Magicbricks Rental Index, average residential rents in India rose by 14% year-on-year and 2% quarter-on-quarter in the January-March 2026 period. During this period, rental demand increased by 0.6% quarter-on-quarter, while the supply grew by 9% sequentially and 12% year-on-year, spurred by the completion and handover of new projects in developing areas. The report indicates that the market is approaching a more balanced state, with new supply moderating rental increases in key cities. The ₹10,000-20,000 monthly rental bracket constituted 36% of total demand, followed by the ₹20,000-30,000 range at 22%. Among residential configurations, 2BHK units continued…

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Ranbir Kapoor Purchases 2,134 sq ft in Ayodhya for ₹3.31 Cr

NEW DELHI: Ranbir Kapoor has purchased a 2,134 sq ft land parcel in Ayodhya for ₹3.31 crore. The property is part of The Sarayu, a 75-acre plotted development by House of Abhinandan Lodha (HoABL). In March 2026, Amitabh Bachchan acquired a 2.67-acre land parcel in the same city for ₹35 crore from HoABL. The deal was managed by Rajesh Yadav, managing director of AB Corp. HoABL currently has approximately 34 million sq ft under active development and aims to expand to 48 cities across India. Published On May 14, 2026 at 04:35 PM IST Join over 2M industry professionals. Subscribe…

Latest StoriesResidential

Odisha Flat Owners Face ₹50,000 Stamp Fee for Common Areas

BHUBANESWAR: In an effort to simplify apartment registrations, the state government announced amendments to the Indian Stamp Act, 1899, via an ordinance on Thursday. This initiative aims to alleviate the financial pressures on apartment owners’ associations and eliminate procedural obstacles. The announcement, published in the Odisha Gazette, follows the state cabinet’s green light earlier this January. The amendments are expected to streamline the registration process under the Odisha Apartment (Ownership and Management) Act, 2023, while protecting government revenue. With this ordinance, the framework for implementing the amended stamp duty is now in place. Under the 2023 Act, developers are obliged…

Latest StoriesResidential

Ghaziabad: Charred Green Avenue Flat Owners Demand FIR Against RWA

File Photo GHAZIABAD: Almost two weeks after the fire at Gaur Green Avenue on April 29, residents of the affected flats are considering legal action against the residents’ welfare association (RWA). They allege that unauthorized constructions obstructed emergency access and that fire safety systems were not adequately maintained. Rajnish Kumar, an architect whose 11th-floor flat was destroyed, has contacted the chief minister’s office, district magistrate, and police commissioner, requesting an FIR against the RWA officials. He claims that illegal construction around the swimming pool area impeded fire tender access, letting the fire spread to upper floors. “The fire started in…

Latest StoriesResidential

Lucknow to Start E-Auction for 149 Residential Plots

Representative Image LUCKNOW: The Lucknow Development Authority will initiate an e-auction for 149 residential plots in Gomti Nagar Extension and Basant Kunj Yojana starting Thursday, as part of a larger sale of 475 properties valued at nearly Rs 3,000 crore throughout the city. According to officials, the online auction portal will remain open until May 28, allowing interested buyers to participate by depositing 10% of the reserved price as earnest money. The residential plots range from 25 square metres to 300 square metres. Among the residential plots, LDA has made available 12 plots on land recently cleared of encroachments in…

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65,000 Chandigarh Housing Board Homes Up for Review

CHANDIGARH: The UT administration has established a committee to assess the “need-based changes” made to Chandigarh Housing Board (CHB) homes, impacting over 65,000 units throughout the city. Under the leadership of the CHB CEO, and following directives from the board chairman, the committee is expected to present its findings within two weeks. Officials noted that numerous allottees have undertaken additional constructions, referring to them as “need-based changes,” while the administration views many of these as building violations. Despite the recent introduction of the 2023 need-based changes policy, residents maintain that their concerns remain unaddressed. Tensions escalated after the CHB demolished…

Latest StoriesResidential

Only 130 of 3,600 PMAY Applicants in Sambhajinagar Pay 10%

CHHATRAPATI SAMBHAJINAGAR: Progress under the Pradhan Mantri Awas Yojana (PMAY) has been slow in the city. Out of 3,638 applicants, only 130 have deposited the required 10% margin money, leading the municipal corporation to enhance efforts to encourage participation. The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) is working to connect beneficiaries, banks, and developers to expedite the scheme’s implementation. Municipal commissioner Amol Yedage reviewed the situation and announced new outreach initiatives. “Banks are providing information and assistance to citizens regarding the documentation and loan processes, ensuring easier access to funds for the scheme. We are also conducting outreach camps to promote…