A good Infrastructure is crucial
to increase in demand of realty market. It is witnessed that places where there
are good infrastructural facilities in the country, properties prices have shot
up. Property in Gurgaon is a good example. The presence of international
airport near Gurgaon has led to the growth and development of the city.
Residential and Commercial property prices have shot up.
Airports are very important part
of the infrastructural projects. Presence of an airport in the city definitely
gives stimuli for development of micro markets. Existence of airport or
scrapping of it has far reaching impact on the real estate India of
that place.
India Property is giving two
classics examples are the properties of Greater Noida and Navi Mumbai.
Announcement of the proposed airport has lead to price rise in these two
cities. The entire infrastructure of Navi Mumbai is expected to witness a
paradigm shift. For the greater Nodia
property prices where the proposal of an airport was cancelled shifted, land
values will slow down.
Properties in Mumbai, especially
the Navi Mumbai has significant improvement. The announcement of airport has
raised the realty prices of this new developing region. Along with the airport,
there is also a proposed metro rail project in this region. These
infrastructural developments have attracted real estate India companies,
property developers and investors. Many well-known developers are planning and
initiating commercial and residential projects in this area. New projects are
coming up near proposed airport location.
The development of area in the
Greater Noida area would take place have the proposed airport plans were
effective. But the cancellation of the airport in this region will in the
future reduce the interest of developers and investors. The greater Noida
region would have a parallel economy and would be the hub of many industries,
like Gurgaon. The real estate picture of India Property,
Gurgaon is amongst the top. The nearness of international airport from Gurgaon
makes it the center of business and commercial activities in the Delhi-NCR
region.
