Notwithstanding
the low sentiment being experienced
by the real estate
sector, the Metro has proved
to be an underlying factor in
the escalation of real estate
prices along the stretch it
has made its home.With the
Commonwealth Games
knocking on Delhi's doors,
infrastructure development
in the form of flyovers,
grade separators and cloverleaves
are all set to change
the city's skyline and the realty
price barometer.
Real estate experts point
out that infrastructure development,
besides improving
mobility of the surrounding
areas, reducing
the time taken to reach the
centre and facilitating
smooth flow of traffic, also
helps boost property prices
in areas along the stretch. It
can act as a 'lifestyle enhancement
tool' or an 'additional
value add' for the residential
market. It opens up
new parcels of land to provide
for affordable housing
and helps in bringing in reasonable
land valuation.
However, it is the Rs 25
lakh-Rs 40 lakh category of
housing which is more sensitive
to infrastructure development
than the Rs 85
lakh-Rs 1 crore category.
There is also a difference
Notwithstanding
the low sentiment being experienced
by the real estate
sector, the Metro has proved
to be an underlying factor in
the escalation of real estate
prices along the stretch it
has made its home.With the
Commonwealth Games
knocking on Delhi's doors,
infrastructure development
in the form of flyovers,
grade separators and cloverleaves
are all set to change
the city's skyline and the realty
price barometer.
Real estate experts point
out that infrastructure development,
besides improving
mobility of the surrounding
areas, reducing
the time taken to reach the
centre and facilitating
smooth flow of traffic, also
helps boost property prices
in areas along the stretch. It
can act as a 'lifestyle enhancement
tool' or an 'additional
value add' for the residential
market. It opens up
new parcels of land to provide
for...