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

Minister Unveils Dedicated Township for Ambedkar Layout in Mysuru

MYSURU: On Sunday, Social Welfare Minister and Mysuru District Minister HC Mahadevappa announced plans to allocate 20 acres for a new township dedicated to the residents of Ambedkar Layout in Ashokapuram, aimed at resolving their housing difficulties. While speaking at the BR Ambedkar birth anniversary celebration at Ambedkar Bhavan on Ashokapuram’s 13th Cross, he pointed out the challenges faced by the working-class population due to increasing demographic pressures. The minister confirmed that discussions are ongoing with the tahsildar and Mysuru Development Authority (MDA) officials to identify suitable land options either within or on the city’s periphery. He underscored Chief Minister…

Latest StoriesResidential

No Haryana family will be homeless, says CM

File Photo CHANDIGARH – Chief Minister Nayab Singh Saini declared on Monday that no impoverished family in Haryana would be left without shelter. He presented ownership certificates under the Mukhyamantri Shehri Awas Yojana and plot allotment letters under the Mukhyamantri Gramin Awas Yojana 2.0 to numerous beneficiaries. During a state-level event in Panchkula, Saini reiterated the government’s commitment to ensuring that every disadvantaged family in Haryana has a home, emphasizing the dedication to inclusive development. He announced that 1,144 beneficiaries in Sector-23, Jagadhri received ownership certificates under the Mukhyamantri Shehri Awas Yojana. Additionally, 3,884 rural beneficiaries across 58 villages received…

Latest StoriesResidential

Aamir Khan Rents Four Apartments in Mumbai’s Pali Hill

Bollywood superstar Aamir Khan has signed a rental contract for four luxury apartments across two floors in a residential tower located in Mumbai’s upscale Pali Hill neighborhood. The agreements amount to a monthly rent of ₹24.5 lakh, with a total security deposit of ₹1.47 crore. The leave-and-license contracts were registered on May 20, 2025, with a five-year tenure from May 15, 2025, to May 14, 2030, and a lock-in period of 45 months for both parties. Each agreement will see an annual rent increase of 5%. According to documents obtained via Zapkey.com, each of the two floors commands a rent…

Latest StoriesResidential

Anand Automotive Purchases Delhi Bungalow for ₹195 Crore

Representative image created by AI Auto component manufacturer Anand Automotive has acquired a 1,550 square yard bungalow in the prestigious Kautilya Marg area of New Delhi for ₹195 crore, marking one of the highest-value property transactions this year. The total transaction, including ₹13.65 crore for stamp duty, amounts to nearly ₹210 crore. The Anand Group did not respond to an email inquiry, and CBRE, the transaction advisor, was unavailable for comment. Experts indicate that Kautilya Marg is favored by high-net-worth individuals due to fewer construction restrictions compared to Lutyens Delhi. In recent transactions, Anurag Jain, managing director of Endurance Technologies,…

Latest StoriesResidential

Angel One Founder’s Son Sells Mumbai Apartment for ₹52 Crore

Vinay Thakkar, part of the family of Dinesh Thakkar—the founder of Angel One, a well-known stockbroking and wealth management firm—has sold a high-end apartment in Andheri West, Mumbai, for Rs 52.48 crore. This 25th-floor apartment, boasting a RERA carpet area of 3,891 sq ft and an additional 409 sq ft of balcony space, is valued at an effective carpet area rate of Rs 1.4 lakh per sq ft. This positions it as one of the priciest residential transactions on a per sq ft basis. The sale, recorded on June 20, includes four exclusive car parking slots for the buyer, as…

Latest StoriesResidential

Rising Construction Costs Stall PMAY-G Progress in Mysuru

Representative image created by AI MYSURU: The Pradhan Mantri Awas Yojana-Gramin (PMAY-G), the government’s flagship rural housing scheme, is encountering substantial delays in the Mysuru and Chamarajanagar districts. This is largely due to rising construction material and labor costs. In Mysuru, there are 20,908 houses planned for the fiscal year 2024-25, but only 64.4% of the work has been completed so far. Chamarajanagar has made even less progress, with only 27.2% completion. Out of the 20,908 houses set for Mysuru, 13,462 beneficiaries have begun construction after receiving their allotment letters, leaving 7,466 others still awaiting theirs. In Chamarajanagar, of the…

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Delhi to Revise Policy, Approach Court for Slum Dwellers’ Rights

NEW DELHI: Chief Minister Rekha Gupta declared on Friday that no slum residents in Delhi will face harassment. She emphasized that her government is prepared to amend existing policies and may even seek court intervention to safeguard their housing rights. Gupta urged all governmental bodies, including the Indian Railways and the Delhi Development Authority (DDA), to avoid demolishing jhuggi-jhopri (JJ) clusters within the city. She stated that adjustments to the slum policy could occur if necessary to protect the inhabitants’ rights. The government plans to renovate 50,000 old houses constructed under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme,…

Latest StoriesResidential

Lucknow property prices soar 25% with new circle rates

LUCKNOW: Beginning Friday, property prices in Lucknow are set to rise by as much as 25% due to the implementation of revised circle rates. These rates represent the minimum property price used to calculate stamp duty fees. The circle rates have been updated for the first time in a decade, with increases ranging from 15% to 25%, influenced by the property’s location and type. According to Assistant Inspector General of Stamps, Ramesh Chand, the last revision took place in 2015. He noted, “Prices for agricultural land have risen by 15%, while non-agricultural land prices for housing have surged by 20%…

Latest StoriesResidential

Mumbai’s July 2025 Property Registrations Hit ₹1,101 Crore

NEW DELHI: In July 2025, Mumbai (under the BMC jurisdiction) registered 12,366 properties, generating ₹1,101 crore in revenue through stamp duty. This represents a year-on-year growth of 3%, spurred by an increase in high-value transactions. Compared to the previous month, property registrations rose by 7%, while stamp duty collections increased by 6%. In the first seven months of 2025, Mumbai saw over 88,426 property registrations, a 4% year-on-year uptick. The associated revenue grew by 13% to ₹7,832 crore. Shishir Baijal, chairman and managing director at Knight Frank India, remarked, “Mumbai’s residential sector is showcasing robust buyer confidence, with monthly registrations…