The new government of India has proposed two dream proposals
, the first is introduction of bullet train and the second one is making Smart
Cities. If we talk about these aspect and its consequences of real estate
sector of Delhi-NCR then we have shocking and astonishing facts. In the
following lines we gong the discuss the impact of bullet train in Indian
Economy and prospect of real estate projects in Delhi-NCR. It is also a very
big concern related to investment in real estate sector of India. As we all
know that after the introduction of Bullet train , the Indian economy will
become faster and it will bring also many opportunities in different sector of
economy.
As we know and we have huge proof that during British Period
when Railway was introducing , it has created huge impact on social and
economic state of the society and culture of then India. The same way in this
modern time the introduction of Bullet train would definitely change the
prospect of economy and culture of present India. Antriksh Valley and other big
projects would definitely get some positive and negative impact after the
introduction of Bullet train. It is important to note that the two very big
proposed project of present government – Bullet Train and Smart City – it impact
will be Pan Indian and not concentrated to any particular block of developed
region. If we agree with this point then we can easily get that the real estate
projects of Noida Extension would definitely suffer because most of the
investors belong to different parts of India and if they would get brighter
opportunity own region in their own region then who will come here to invest in
the residential projects of Noida and Yamuna expressway. It is also proved fact
that the measures of communication will also promote the commuters. Suppose an
individual hailing from Meerut or Dehradun and working in Delhi, they will
prefer to commute by bullet train and this way won’t invest in residential
projects of Noida Extension. At the same time due to Smart Cities the people
who are working in Noida would get some opportunity in their home town and they
won’t come to Delhi-NCR for their livelihood and this way there is huge chance
of failure of the residential project of Noida Extension. Some of the economists,
after the proposal of Bullet train and Smart City, viewed that if this plan of
government take shape in coming 5-years then the region of Noida Extension
would be known as Ghost City. This kinds of story happened in many regions of
world. There are many Ghost Cities in China and United States.
The big opportunities in the adjacent region have completely
vacated the inhabited towns and cities. These kinds of things would definitely
bring the economic disaster in the region Noida Extension. No investors would
get the buyer of their projects. The real estate companies would hardly get the
economic problem rather the middle class Indian would suffer.
As we can see from the above discussion that how the new
measures of transportation and new proposed cities can bring economic havoc in
real estate sectors of Delhi-NCR. It is therefore advised that think thousand
times then invest in real estate sectors otherwise it will put aluminum bawl in
your hand. Last but not the least India will definitely grow with new proposed
plans of government and will become the developed & powerful country of the
world.
