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

Gujarat Waives ₹200 Fee for Ownership Certificates in SVAMITVA

AHMEDABAD: The Gujarat government has announced the waiver of the Rs 200 fee for ownership certificates under the SVAMITVA scheme, alleviating the financial strain on rural property owners, officials confirmed on Monday. Property owners in rural Gujarat can now obtain their “sanad” or ownership certificate at no cost under the SVAMITVA scheme. The SVAMITVA Yojana, initiated by Prime Minister Narendra Modi in 2021, aims to provide property cards to rural landholders nationwide. Utilizing drone technology, the ‘Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) Scheme’ surveys properties in populated rural regions, issuing property cards to…

Latest StoriesResidential

Bonacaud Housing Revamp in Thiruvananthapuram by December

THIRUVANANTHAPURAM: Law and Industries Minister P Rajeeve has announced that the renovation of the dilapidated housing units linked to the defunct estate in Bonacaud will be completed by December. He mentioned that the workers will receive their renovated homes as a New Year gift. While inaugurating the renovation project, Rajeeve asserted that the government is committed to reopening the tea estate. The renovation encompasses 43 housing units that will benefit 186 families, costing Rs 4 crore, with Rs 2 crore contributed by the plantation department and Rs 2 crore from the labour department’s Plantation Workers Relief Fund. The District Construction…

Latest StoriesResidential

Kochi Starts Building New Homes for Shanthipuram Residents

KOCHI: Housing reconstruction has officially commenced in the Shanthipuram Colony, located in the 44th division of Kochi corporation, Karanakodam. The project aims to build new homes for 197 families, funded by Life Mission and Corporate Social Responsibility (CSR) initiatives. The current houses are dilapidated and insecure. “One of the long-term objectives of the municipality is to provide residents with safe and secure homes, as outlined in our budget. Under the guidance of the Azadi Group’s Architecture Engineering College, plans have been created for apartment complexes containing eight units each, across three cents,” stated Mayor M. Anilkumar. “The estimated cost to…

Latest StoriesResidential

Indiramma Housing Project Delayed Due to Centre’s Warning to Telangana

HYDERABAD: Hopes for swift central funding for the initial phase of the Revanth Reddy government’s ambitious Indiramma housing scheme in rural areas faced a setback. The Union Housing Ministry communicated to the state that the submitted proposals do not meet the required norms. The state government submitted a list of housing beneficiaries to secure funds under the Pradhan Mantri Awas Yojana (Rural) scheme. Under PMAY (Rural), the ministry allocates ₹72,000 per housing unit, while the state government must cover the remaining cost. In its correspondence, the Union ministry instructed officials to upload live facial authentication using Aadhaar for each beneficiary…

Latest StoriesResidential

Housing Societies Face NA Tax Dilemma Without State Resolution

PUNE: Nearly ten months after the state cabinet announced the abolition of the non-agricultural (NA) tax for urban housing societies, confusion continues due to the lack of a formal government resolution (GR). The management of housing societies across the state is uncertain whether to keep paying the tax until official guidelines are issued. The cabinet, led by Eknath Shinde, approved the removal of the NA tax in October 2024, just before the state assembly elections, aiming to relieve residents in urban areas like Pune and Mumbai who have been paying both property tax and NA tax. Housing societies have since…

Latest StoriesResidential

Noida’s Highrise B&Bs Under Scrutiny for Short-Term Rentals

NOIDA: The rise of short-term rentals in high-rise residential areas is raising concerns following complaints about noise, drug use, and unauthorized commercial activities. Officials have stated that properties listed on online platforms are serving as unregistered guesthouses and party venues, often breaching housing and excise regulations. During a recent meeting at the Narco Coordination Centre (NCORD), DM Manish Verma instructed police, excise officials, and other agencies to investigate these properties. “We need to assess the legality of these rentals,” Verma emphasized. “If someone is renting out a flat for just a few days, it must adhere to the Sarai Act.…

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Lloyds’ Promoter Family Buys Altamount Road Apartments for ₹227 Cr

Ravi Agarwal, a member of the Lloyds Group promoters, along with his family, has purchased six luxurious sea-view apartments, including a seven-bedroom duplex, in the Kalpataru Prive tower on Altamount Road in South Mumbai for over ₹227 crore. The family has acquired approximately 18,000 sq ft of space, spanning the 18th to 23rd floors of this under-construction premium tower, which is valued at ₹1.27 lakh per sq ft. This transaction ranks among the most expensive and largest residential deals in India this year. The buyers incurred a stamp duty of nearly ₹13.29 crore for the registration of these transactions that…

Latest StoriesResidential

Rent Compensation for Residents to Be Finalized by Month-End

NEW DELHI: The Resident Welfare Association (RWA) of Signature View Apartments in Mukherjee Nagar announced on Thursday that the Delhi Development Authority (DDA) has guaranteed that rent compensation for all residents will be disbursed by the end of this month. The DDA issued an e-tender in March to demolish the Signature View Apartments, which consists of a 336-flat complex declared structurally unsafe. Developed in the mid-2000s under a DDA housing scheme, the apartments have suffered significant structural deterioration, including serious cracks in walls and ceilings, raising safety alarms. Amrendra Singh Rakesh, president of the RWA, informed PTI that residents have…

Latest StoriesResidential

Over 26,000 Amrapali flats ready; 8,000 by Sept 2025

NOIDA: National Buildings Construction Corporation (NBCC) has announced that it will complete the construction of 8,000 flats in the halted projects of Amrapali Group by September 2025. This marks a delay of six months from the original deadline of March, due to delays caused by GRAP restrictions and funding issues. Of the 37,000 units NBCC was tasked with completing under a Supreme Court-appointed receiver, 26,800 flats have already been constructed. The final set of stalled projects, Adarsh Awas Yojna, is now expected to be ready by March 2026. As of now, approximately 13,300 homebuyers have taken possession of their flats.…

Latest StoriesResidential

Delhi MCD Requests Police Help to Evacuate Signature View Apartments

NEW DELHI: Following recent directives from the Delhi Development Authority (DDA) and the Delhi High Court, the Municipal Corporation of Delhi (MCD) has reached out to Delhi Police to assist in evacuating 336 flats at Signature View Apartments, requesting urgent action. However, a senior police official indicated that no notification had been received so far. After an assessment by IIT Delhi in 2022, the MCD had declared the apartment complex unsafe in 2023. In December 2024, the High Court confirmed the buildings were uninhabitable, mandating their demolition and reconstruction, and ordered immediate evacuation. DDA recently announced that July 31 is…