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.

Ready flats will be scarce by 2002 AD

By Staff Reporter
 
If the recession in the real es tate market persists, there will be no ready flats available by the end of this century. All most all construction activities, especially in Mumbai and rest of India in general, have come to a stand still.
 
The ready properties and flats are also waiting for any takers. The new projects are happy to play the wait and watch game before making any announcements. Since plenty of ready properties and flats are available in the market the builders are least bothered to announce new projects. The per centage of new projects announced as compared to 1995 is very less, just 7 %.
 
The demand for ready flats is nearly 45000 per year in Mumbai alone. The affordable price now has given a chance to the buyers to have their own accommodation within their budget. The economy flats make almost 90 % of the ready product in the real estate market. The rest 10 % is in the posh localities of Mumbai, which is very rare. The state government will not increase the FSI to the existing buildings because of infrastrucutural problems. Hence the only option left is to go for ready economy flats in developing areas.
 
The supply in the real estate market for flats comes to about 20,000 to 25,000 per year in Mumbai alone but even that demand is not met with. The slack is just because of the recession in the economy . As soon as the economy recovers and the cash crunch is is done away with, the real estate market will suddenly bounce to its new height. CIDCO, MHADA and other government owned agencies have no further schemes in the offing. MHADA specifically is not having world bank financed projects and neither any land. CIDCO is also having limited land to offer to meet today’s demand, Hence by 2000 A.D. the ready flats will be a scarce commodity in the real estate market.

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