Puducherry: The former French colony which had always been known for its green cover and beautiful low and individual houses is catching up with other Indian metropolitan cities where housing is going out of reach of the common people. Puducherry is seeing a rising demand for land because of good living conditions, assured power and water supply. This is making the Union Territory a good place for people looking to settle down. And this is also attracting investors from within the city and abroad. NRIs who are looking to invest in India due to the sudden depreciation of the rupee and even IT sector employees from bigger states are investing in immovable real estate in Puducherry.As people are steadily migrating to Puducherry and also the traditional joint family is breaking up, demand for apartments and houses along with plots is on the rise. Puducherry is also a preferred home for many retired IAS officers. The vast tract of green cover that existed on the Puducherry-Cuddalore stretch is thus fast being converted into plots for houses and residential lands.Puducherry now has a population of 12lakh and those settling in the place are of the opinion that infrastructure is much better here than in the neighbouring areas.However soon the middle class will not be able to afford any of the houses in Puducherry as the prices are soaring faster than ever and homes have reached the mark of Rs 40 lakh even in the areas that are far outside the boulevard limit of Puducherry. Plots are also fast becoming unavailable and those looking for plots have to remain satisfied with plots of smaller sizes that range between 1200 sq ft and 1800 sq ft.Bye laws imposed on the heights of buildings prevents high rises in Puducherry. But a relaxation in the bye laws can solve the problem Puducherry is facing with the unavailability of land.займ на карту без отказов круглосуточновзять кредит онлайн