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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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Development using TDR posing parking problem
By A. T. Correspondent

There is lot of development in Mumbai Suburbs using transfer of development rights (TDR) on existing properties, mostly society in buildings. Now it is posing parking problems in all these areas under development. The Thinking in municipal circle is that the development permissions using TDR should be linked to the road space and parking areas available for the additional flats purchasers. The bottleneck for parking area is getting worst by the day and the civic authorities will have to find a solutions to this problem.
The infrastructure in suburbs, specifically in far flung areas badly needs upgradation. In these areas the roads, and parking areas are much less than required, even for the existing buildings. Top of its, encroachments of by slum dweller and illegal constructions, are posing further problems for these areas. Sewage and rain water drains need to be revamped to serve the fast growing areas. Development using TDR clearly means to increase F.S.I. in that area. Architects and town planners feel that indiscriminate development through TDR route must be monitored and availability of infrastructure in the are a must be able to cope up with resultant increased population.
 


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