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.
Delhi: Signature View Apartments’ Construction Faces Further Delays
NEW DELHI: Residents of Signature View Apartments in North Delhi who have yet to vacate the complex designated for demolition recently submitted a request to the Municipal Corporation of Delhi, seeking additional time to leave the premises. The residents’ welfare association for Mukherjee Nagar stated that the occupants were given a deadline of August 10-20 for the disconnection of civic services. Due to challenges in securing alternative rental accommodations, RWA members have requested an extension until October 1 to vacate. In their letter to the deputy commissioner of MCD’s Civil Lines zone, the RWA noted, “In our various communications, the…
Mumbai Aims for 500K SRA Homes in 5 Years, Doubling Past Output
MUMBAI: The Slum Rehabilitation Authority (SRA) has launched a project implementation unit (PIU) in a bid to bring over 500,000 homes to slum dwellers within five years, surpassing the total number of homes built in the 29 years since its inception. Despite having delivered only 275,000 homes since its establishment in 1996, the SRA has recently implemented reforms, including drone and biometric surveys, which have expedited the delivery of 16,017 units within just 100 days. In the fiscal year 2024-25 alone, 16,673 units were completed, with a current target of 509,783 homes by 2030, and 334,000 units already under construction.…
DDA’s Phase II Property Registration Camps in Unauthorised Colonies on Aug 17
NEW DELHI: The Delhi Development Authority (DDA) is set to launch the second phase of its single window camps on August 17. This initiative aims to assist in the registration of properties located in unauthorized colonies under the Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY) scheme. According to officials, these camps are designed to simplify the ownership rights process for residents of unauthorized colonies by providing immediate help with documentation and registration. The camps will be held at ten locations, including Aman Vihar in Burari, Rana Ji Enclave in Najafgarh, Kabir Bhawan in Mahipalpur, Main Jail Road…
Telangana CM to Kick Off Indiramma Housing Ceremonies by August
HYDERABAD: In preparation for the upcoming panchayat elections, Chief Minister A. Revanth Reddy, alongside Housing Minister Ponguleti Srinivas Reddy, is set to inaugurate ‘gruhapravesam’ (housewarming) ceremonies for newly built Indiramma houses by the end of this month. The Chief Minister is expected to participate in a ceremony in the Bhadradri Kothagudem district, though the exact location is yet to be confirmed. Other ministers, MLAs, and prominent leaders will host similar events in their districts prior to the issuance of the panchayat poll notification. The Congress government has allocated ₹22,500 crore for Indiramma housing across all 119 assembly constituencies. “After a…
Kriti Sanon Purchases Bandra Duplex Penthouse for ₹78.20 Crore
Bollywood star Kriti Sanon has acquired a luxury sea-facing duplex penthouse in Supreme Prana, located in the upscale Pali Hill area of Bandra, Mumbai, for over ₹78.20 crore. The apartment, spanning a carpet area of 6,636 sq. ft., occupies the 14th and 15th floors of the under-construction building. The transaction values the property at approximately ₹1.18 lakh per sq. ft., marking it as one of the priciest real estate deals in Mumbai’s suburbs. The actress has also settled ₹3.91 crore in stamp duty for this transaction, which was registered on Thursday. Inclusive of the Goods and Services Tax (GST) and…
500+ Worli BDD Chawl Tenants in Mumbai to Receive Flats
MUMBAI: After a lengthy wait, 556 families from Worli’s BDD chawls will receive the keys to their new 500-sq ft apartments on Thursday. Two of the redevelopment phases—Wings D and E—are ready for occupancy. A ceremony will see chief minister Devendra Fadnavis and his deputy Eknath Shinde present keys to fifteen families involved in the redevelopment campaign, along with a few senior citizens. The remaining keys will be distributed later at the Mhada office. Bajrang Kale, 53, recites his former address. “Room No. 78, Building No. 31, 3rd floor, Worli BDD Chawl, GM Bhosle Marg—that’s the old address,” he notes,…
DDA to Unveil Premium Housing Scheme by End of August
Representative image NEW DELHI: The Delhi Development Authority (DDA) is set to launch its Premium Housing Scheme 2025 by the end of August, featuring approximately 250 flats as well as car and scooter garages available through e-auctions in various areas including Jahangirpuri, Nand Nagri, Pitampura, Ashok Vihar, Vasant Kunj, Jasola, Rohini, and Shalimar Bagh. The scheme, which gained approval during a meeting led by LG VK Saxena on July 11, includes 39 high-income group flats in Vasant Kunj, Pocket 9B in Jasola, and Sector 19B in Dwarka; 48 middle-income group units in Jahangirpuri, Nand Nagri, Dwarka, and Pitampura; and 22…
Gurugram: 1,000 vacant flats to be repaired and allocated
Representative image GURUGRAM: A proposal to demolish 1,088 EWS flats in Sector 47 has been put on hold, allowing for much-awaited allocations. The renovation of these flats will be handled by Haryana Shahari Vikas Pradhikaran (HSVP), with eligible families set to receive allocations. Originally built in 2010 under the Ashiana scheme for the underprivileged at a cost of Rs 42 crore, these flats have remained unoccupied for 15 years due to procedural delays and disputes regarding beneficiary eligibility. Previously, HSVP officials noted that identifying qualified applicants was challenging since many lacked necessary documentation or did not fulfill income and residency…
Settle Property Tax in Ludhiana by August 15 to Avoid Penalty
LUDHIANA: More than 192,000 property tax returns from the year 2013-14 remain unfiled by residents. However, they have until August 15 to settle their outstanding dues under the one-time settlement (OTS) scheme. Mayor Inderjit Kaur has urged residents to take advantage of this opportunity, which allows them to pay their pending property tax without incurring any penalties or interest before the deadline. Municipal Commissioner Aaditya Dachalwal noted that the government previously set a July 31 deadline for residents to submit their overdue property tax without penalties. To better support the community, the deadline has now been extended to August 15.…