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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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No water to new  constructions

While water resources are limited, Mumbai is still to find the way out for ever increasing water demand. The existing population is starving hard to get water. Age old water bodies are over burdened by the rise in construction and population. The impact assessment is need of the hour.

In 1860 Vihar Lake was purified and water was made available to Mumbaikars. Tulsi (1881) and Tansa (1892) were added to the water sources. Till today, we are still enjoying the British efforts to provide water to our great city. No new water source created.

Usgaon Dam and Suraj Water Prakalp was planned and implemented for Vasai Virar region for water. While BMC is urging to harvest rain water and many Corporators reportedly removed showers from their bathrooms, situation is alarming. Till today 50% of the Mumbai population is depending on tanker water. Major Part of South Mumbai is still washes their day with tanker water.

From last eight months no new water connection given to newly constructed building. In rare cases and people with influence must have got water connection. But over, all leading projects with reputed builders are still waiting for the legal water connection. Unless building get OC, legal water connection cannot be given. People are paying whooping rates on commercial water for buildings they occupied. It was reported that approximately 10 crore sq.ft. will be constructed in next 10 years in Mumbai, suburbs and extended suburbs. It will be difficult to predict from where the authorities going to give water to these new constructions. But as of now, new connections are almost stopped. It will somewhere in November the new connections may start.

Normally BMC approves building proposal plans with application to provide water. Water Department assess the proposal and give its clearance. But after years of completion, BMC is unable to provide water to these new constructions. Flat purchasers runs pillar to post to take water connection.

They mob the builders office, Ward office and to various fathers of the city with no  result.

Updated on 6th September 2005.