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

Etonhurst Capital Acquires 37 Worli Apartments for ₹500 Crore

Real estate investment management firm Etonhurst Capital Partners has acquired over 37 luxury apartments in a high-end residential project located in the upscale Worli area of Mumbai for more than Rs 500 crore. This acquisition marks the first inventory buyout by an institutional investor in India’s growing luxury housing sector. Etonhurst purchased these apartments from Piramal Finance, a non-banking finance company under the Piramal Group, which had acquired the inventory as part of a debt settlement agreement with the project’s developer, Omkar Realtors & Developers. The transaction consists of units in towers A and B of Omkar 1973, which have…

Latest StoriesResidential

Uttar Pradesh: 1.3 Million Homes Approved for Poor in 3 Years

LUCKNOW: Over 1.3 million homes have been granted approval in Uttar Pradesh for the underprivileged, including the poor and destitute, as revealed by Rural Development Minister Vijay Laxmi Gautam in the state Assembly on Tuesday. This announcement came during the Question Hour on the second day of the Monsoon Session in response to a question posed by Samajwadi Party member Arman Khan. Gautam stated that from 2022-23 to 2024-25, a total of 1,044,876 homes were sanctioned under the Pradhan Mantri Awas Yojana, alongside 262,594 homes approved under the Mukhyamantri Awas Yojana. Additionally, she mentioned that a survey encompassing 57.73 lakh…

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Lucknow Authority Rejects Map Approval for Illegal Colonies

LUCKNOW: The Lucknow Development Authority has made a decision not to approve building plans for houses on 7.5-meter-wide roads within 241 illegal colonies, even if mapping regulations are relaxed. This decision, taken at the recent LDA board meeting, aligns with the enforcement of the Master Plan 2021. According to the new regulations, approvals will only be granted if a 7.5-meter road is at least 200 meters long and constructed with government funding. Roads of the same width developed by private builders in unapproved colonies will not qualify. These restrictions apply to colonies designated as “bad colonies” in the Avadh region’s…

Latest StoriesResidential

Bengaluru Property Owners Criticize Officials Over E-Khata Issues

BENGALURU: After issuing penalty notices to numerous e-khata holders for allegedly under-declaring parking spaces in their property tax filings, the BBMP has dropped a new surprise — even if you pay the penalty, they will not update the property dimensions in the e-khata. Upset property owners are calling it a blatant exploitation. “They first accuse us of under-declaring our parking space. Now, when we agree to pay the penalty, they refuse to make any corrections. What’s the point of paying?” questioned frustrated homeowners. The silence from Deputy Chief Minister DK Shivakumar, who oversees Bengaluru’s development, has also left them perplexed.…

Latest StoriesResidential

Thanal Housing Project for Vikalanga Colony Gains Approval

THIRUVANANTHAPURAM: After months of uncertainty, the construction of a housing complex for residents of Vikalanga Colony under the Thanal housing project is set to begin soon, following the technical sanction from the local self-government department (LSGD) last week. The approval comes as a relief to 99 families, including various individuals with disabilities, who have faced poor living conditions since construction stalled due to pending permits. The Uralungal Labour Contract Co-operative Society (ULCCS), which secured a Rs 20 crore contract, was previously unable to initiate work because of outdated cost estimates based on the 2018 Delhi Schedule of Rates (DSR). The…

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Karimadom Colony Rehab Project Approved

THIRUVANANTHAPURAM: After nearly two decades of uncertainty, residents of Karimadom Colony are beginning to see hope. The Basic Services for the Urban Poor (BSUP) rehabilitation project, which was initiated in 2008 but came to a halt in 2023, has now received technical sanction. Costs, designs, and timelines have been finalized, following ongoing criticism of civic indifference and politically motivated delays. The local self-government department has formally approved the plan, which aims to provide homes for all 105 families affected. “The project is officially sanctioned, and Costford, the designated agency, will oversee construction,” stated Jahamgeer S, the corporation’s secretary. “Construction will…

Latest StoriesResidential

Bengaluru: Builders Must Submit CCs Before Flat Transfers

BENGALURU: To combat unauthorized constructions, the Bruhat Bengaluru Mahanagara Palike (BBMP) has implemented a tough new policy for builders and property owners. It is now mandatory for them to present completion certificates before selling flats or properties. Layout approvals will only be granted once both the completion and occupancy certificates are provided. This measure addresses the ongoing problem of illegal constructions that have been bypassing official approvals, which have resulted in significant financial losses for the city corporation. The BBMP has identified thousands of unauthorized buildings but has yet to take decisive demolition actions. A BBMP official stated, “To tackle…

Latest StoriesResidential

Noida Authority to Revoke Allotments of Encroached Plots

NOIDA: Residents in several Noida areas who are extending balconies, constructing extra rooms, or encroaching on Authority land may soon face plot cancellations if they disregard repeated warnings. The Noida Authority has opted to revoke the allotment of plots for owners engaged in encroachments, even after receiving two notices under Section 10 of the UP Industrial Area Development Act. CEO Lokesh M instructed officials on Friday to place notices directly on properties if the allottees do not acknowledge them, ensuring that no one can claim they were unaware. During a review meeting, he directed the asset department officials to compile…

Latest StoriesResidential

Over 50,000 Goa Homes to Be Regularized Soon

PANAJI: In the coming days, over 50,000 homes in Goa will be regularized as a result of three laws passed during the recent monsoon session of the legislative assembly. Chief Minister Pramod Sawant stated that the ‘Majhe Ghar’ initiative has led to several “bold, compassionate, and people-centric” reforms, ensuring every Goan family can claim their fundamental rights. Under the Goa Land Revenue Code (Amendment) Bill, 2025, homes constructed on government land by landless, long-term residents before February 28, 2014, can now be regularized. Class-I occupancy will be granted for areas up to 400 sqm (including a 2m buffer). “A strict…

Latest StoriesResidential

South Mumbai Societies Enticed by Luxe Lunches for Redevelopment

MUMBAI: This weekend, a prestigious luxury hotel in South Mumbai will host meetings for affluent residents of a prime housing society on Altamont Road, one of the most expensive residential areas in India. Three of Mumbai’s top developers will separately present their redevelopment proposals. The competition for these prime properties is expected to be fierce, as new apartments can demand prices exceeding Rs 1.5 lakh per square foot. On Saturday, a notable developer from Goregaon has reserved a large banquet hall at the hotel. The following day, another major developer will host a lunch at an entire restaurant located on…