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

2,000 Ashiana Flats in Panchkula to Get Makeover

Representative image created by AI PANCHKULA: The much-anticipated renovation of 2,072 Ashiana flats in Panchkula is finally commencing, offering hope to residents who have dealt with subpar living conditions for years. Originally constructed by HSVP to house below-poverty-line (BPL) families, the buildings have deteriorated over time, suffering from structural damage, crumbling walls, and overgrown parks and pathways. HSVP has allocated funding for the renovation, which the municipal corporation (MC) will supplement with external civic enhancements to rejuvenate the housing complexes. Two major renovation projects have been approved by HSVP. The first project, estimated at Rs 1.88 crore, will refurbish 960…

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Telangana to Sell Long-Vacant Rajiv Swagruha Flats for ₹1,000 Cr

Representative image created by AI HYDERABAD: With the real estate market in and around the city gaining momentum, the state government has put Rajiv Swagruha Corporation flats in Bandlaguda, Pocharam, and Gajularamaram townships up for sale, with expectations of raising over ₹1,000 crore. A total of 159 flats in Sahabhavana township (Bandlaguda), 601 in Sadbhavana township (Pocharam), and 418 flats in 9- to 14-storey towers—located in the Medchal-Malkajgiri district—are now available for purchase. Interested buyers must submit applications, and allotments will be decided by a draw scheduled for July 30, August 1, 2, and 20, if there are multiple bids…

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VMRDA Greenlights 50-Storey Towers in Visakhapatnam

AI-generated Representative Image VISAKHAPATNAM: The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has approved an ambitious residential apartment project in Visakhapatnam. This is a notable first for any urban development authority in Andhra Pradesh in recent years. VMRDA plans to develop a 4.07-acre site near Pebble Towers in Madhurawada, with a residential complex featuring six 50-storey towers. Pricing details have yet to be finalized. The project will include 3 BHK, 4 BHK, and 4 BHK duplex apartments, along with amenities such as a clubhouse, jogging and cycling tracks, a swimming pool with deck, a children’s play area, and more, comparable to…

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Karnataka Housing Board to Acquire 315 Acres Near Kengeri

AI-generated Representative Image BENGALURU: Taking a significant step toward the aspirations of countless urban poor and middle-class families, the Karnataka Housing Board (KHB) has announced the acquisition of 315 acres in BM Kaval village, close to Kengeri. This expansive residential initiative, designed to provide housing and plots for the disenfranchised, was initiated with a preliminary notification released in late June. BM Kaval, located off Mysuru Road and well-connected via NICE Road and the extended Purple Line of Namma Metro, has long been seen as an area rich in urban potential. This housing project is poised to establish the region as…

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Study: 2.6 Lakh Hyderabad Homes at Fire Risk

Representative image created by AI A recent study has revealed that 1.3 million residents across 260,000 households in Hyderabad are at a significantly high risk of fire accidents. This report, titled ‘Hotspot Analysis of Structure Fires in Urban Agglomerations: A Case Study of Hyderabad,’ comes during a time of rising incidents of fire in both residential and commercial sectors. Conducted by geography professors from Osmania University and Nizam College, along with the Institute for Excellence in Higher Education in Bhopal, it was published in the Asian Journal of Geographical Research. The research highlights that densely populated areas with a mix…

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Yashwant Singh Purchases ₹100 Crore Bungalow in South Delhi

AI-generated Representative Image Yashwant Singh, a member of a royal family in Rajasthan, has acquired an 867-square-meter bungalow in South Delhi’s Golf Links for ₹100 crore. He paid ₹7 crore in stamp duty and corporation tax, according to documents from CRE Matrix, a real estate data analytics firm. The property was sold by Anu Jindal, a resident of DLF The Camellias. Jindal’s husband, Jai P. Jindal, who leads an art glass business, confirmed the sale, stating they intend to relocate to The Camellias. According to Jindal, the buyer belongs to a royal lineage from Alwar and also owns a bungalow…

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Karnataka Homebuyers Urge Action on Property Delays

BENGALURU: The Karnataka Home Buyers Forum has presented a memorandum to Chief Secretary Shalini Rajneesh, urging the state government to address long-standing issues that impact countless homeowners, particularly concerning ownership rights and regulatory gaps. “We want to highlight that homebuyers in Karnataka face significant challenges in asserting their ownership rights,” reads the memorandum. The forum detailed key obstacles and proposed solutions for the Chief Secretary’s consideration, advocating for the interests of millions affected. One major issue raised is the Bruhat Bengaluru Mahanagara Palike’s (BBMP) failure to update khata mutation records for apartment owners. Despite having registered their flats, many owners…

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PMAY House Construction in Goa Approaches Completion: Official

Representative Image PANAJI: The Goa government has successfully built 250 out of the 254 houses targeted for eligible beneficiaries under the Pradhan Mantri Awas Yojana (PMAY), an official announced on Thursday. The initiative, designed to provide affordable housing, has been executed at an expenditure of ₹3.4 crore, as stated by the official. According to P.K. Shirodkar, nodal officer responsible for the scheme and director of the District Rural Development Agency, the goal was to construct 254 houses for qualified beneficiaries in the state. “As of now, we have completed 250 houses by strictly adhering to all procedures of this scheme.…

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Maharashtra to Hike Rent for Tenants in Cessed Buildings

AI-generated Representative Image MUMBAI: The state government announced on Thursday an increase in monthly rent for tenants residing in dangerously dilapidated cessed buildings in Mumbai from Rs 20,000 to Rs 30,000 while alternative accommodations are provided during reconstruction. Additionally, the government will revoke the no objection certificate (NoC) of developers who have failed to initiate the redevelopment of these cessed buildings under Development Control Regulation 33(7). The assurances were made by the Minister of State for Urban Development, Pankaj Bhoyar, during the state assembly session. “The government will seek clarification from developers and will revoke notices for those who haven’t…

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Minister: 5 Lakh PMAY Houses Coming Soon to J&K

File Photo SRINAGAR: During a press conference on Thursday, Union Minister for Agriculture and Rural Development, Shivraj Singh Chouhan, announced that nearly 500,000 individuals in Jammu and Kashmir are currently without housing. He was accompanied by Chief Minister Omar Abdullah for this announcement. Chouhan highlighted that 93% of the housing allocations under the Pradhan Mantri Awas Yojana (PMAY) in J&K have been completed, with eligible beneficiaries already identified. “A recent survey revealed five lakh individuals deserving homes; allotments will be finalized post-verification,” he stated. Previously, Omar had raised concerns regarding the criteria for determining housing scheme beneficiaries in J&K. “The…