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 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 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.
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