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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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New Kanpur

Kanpur one of the biggest industrial throb city of Uttar Pradesh, will soon haven brand new satellite city named as New Kanpur City. The new city will spread over 10,000 acres of prime land on the banks of river Ganga. According to Mr. Sushil Kumar, Vice President of Kanpur Vikas Pradhikaran, the city will, be well planned and totally power cut free zone and will be completed in next five years (1998-2002). For the development of phase one of the project 511.76 hectares of land will be acquired from seven villages. In first phase around 18,000 building and plots to house 90 thousand people, will be developed.
Co-operative housing societies will get preference for allotment of plots in this new city. The remaining land will be allotted to the private developers with the clause that they will develop houses covering minimum 25 per cent of the plot area. According to Mr. Sushil Kumar new Kanpur city will be the most modern and well planned city in the whole country.