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CHENNAI.....Good investment opportunities in all the segment of the city. Commercial rentals is on fast trek. Residential segment also having very good demand from rural areas. Outskirts of the city is now more costly then CBD residential areas.   AHMEDABAD..... ..... Huge NRI funds were recently invested in residential segment of the city. Commercial too is feeling the heat. Residential rates are marginally up by 20% since last quarter. The trend is likely to continue.   BANGALORE...... ...IT and ITES are again in the buying spree. Residential complexes are getting good demand. NRIs investments are up again. Service apartment concept is catching up in the city. Commercial lease rentals are rising.   PUNE.... ... Pune is poised as IT centre by the developers. In fact many leading IT brands are in the city. It has enhanced the residential rates. Outskirts like Viman Nagar, Pimpari and Chinchwad also now having great demand. Good time ahead.   DELHI .... ...The market is slow for residential units. Noida and Gurgaon also have touched historic level. New zones are in the competition. Faridabad and Merut along with Rohtak are busy catering for demand in Delhi and NCR    MUMBAI.. ..... ..Realty Fund and investors of large real estate holdings are still maintaining the price level. Developing zones are feeling heat. Small pocket developers are also panic in the market. Residential prices stagnated as of now.

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What Society Bye-law says:

Policy of allotment of parking spaces and suits.              

79.(a) Member may hold Parking Space/stilt if he has purchased the same and he shall have a right to sell the same to transferee or other eligible member  of the same society.

 (b) The allotment of Parking Space/stilts shall be  made by the Committee on the  basis of “First Come First Served”, for unsold and available space in  the society.  The member shall have no right to sell or transfer the said allotted Parking Space/  stilts to anybody.

 

Restriction on parking spaces stilts Marking of parking spaces or stilts

80. No member shall be entitled to utilize more parking spaces/stilts than what  is allotted  to him by the Committee or which he has purchased.

81. Where any stilts have been built or open space in the Society’s compound is available for parking of cars, the Society shall number the stilts or the open space in such a way that no inconvenience would be caused to any of the member of the society. The Committee shall ensure that the space is used by the members for the purpose for which it is allotted.

 

Eligibility for allotment of stilts or parking spaces

82. A member ,having a motor vehicle, will only be eligible to have stilts or a parking space. No member shall normally be eligible for being allotted more than one stilt  or a parking space for parking the car owned by him or allotted to him by his employer, or the firm of which he is the partner or the company of which he   is the director. If any stilts or parking spaces remain un-allotted for want of applicants for allotment, a second or third  stilt or parking space may be allotted to the same member who has earlier been allotted the stilt or the parking space.  Such allotment of 2nd or 3rd stilts/parking space shall be made on year to year basis provided the same is not required by another member, who is not allotted even a single stilt/parking space.

83. In case, the number of vehicles of eligible members are in excess then the available parking space/stilts the managing committee. It allot such parking space /stilts by “lot” on yearly basis.

 

Applications for allotment of stilts or parking spaces

84. The member desiring to have a stilt or a parking space may make an application to the Secretary of the society giving necessary details. The procedure for disposal of applications for permission under this bye-law as laid down under the bye-law No.65 shall be followed by the Secretary and the Committee of the Society .

Payment of charges for parking of vehicles

85. Every member, who has been allotted the stilt or the parking space shall be required to pay the parking charges at such rate as may be decided by the general body of the society at its meeting, irrespective of the fact whether  he actually parks his motor vehicle or not. Where a member has been allotted more than one stilt/ parking space, he shall pay parking charges in respect of every such  stilt or parking space as decided by the General Body Meeting, but within the limits as prescribed by the government of Maharashtra from time to time.

 Parking of other vehicles.

86. Every member having a scooter, a motor cycle or an auto-rickshaw shall obtain permission of the Committee for parking his vehicle in the compound of the society and pay the charges fixed by the General Body of the Society at its meeting, but within  the limits as prescribed under the circular issued by government of Maharashtra from time to time.

    Updated on 6th September 2005