subject: Realty Boom In Ncr Depends On Growth [print this page] In terms of planned urban growth, the evidence for real estate development being backed by the creation of associated physical infrastructure is higher in Noida and greater Noida. Gurgaon and Faridabad are opposite spectrum, where infrastructure is developed after the real estate potential of an area has been nearly fully exploited. In other words, infrastructure projects areas are largely taken up only after an area is already primed for real estate growth. sonepat property rates, Even so, Gurgaon has seen the maximum capital appreciation for investors and users.
The upcoming areas of Dwarka expressway and new sectors on NH-8 up to the Manesar are part the master plan 2021. As a result, infrastructure development there is now being taken up actively to support the large residential projects expected to reach the completion over the next 3-5 years. However, despite this forward looking approach capacity building and future planning, it remains to be seen whether the upcoming urban sprawl will be sufficiently supported by the necessary infrastructure. Basically, the master plan is a statement of intent, not time-bound guarantee.
Zoning and master planning is an exercise which allows the authorities to control the direction and extent of a citys growth boundaries while bringing newer areas under their management. At times, changes are required to ensure that the growth potential is not undermined by the slow policy making. Bringing newer areas under development aids and benefits speculators and land owners as well as realtors who have already acquired land before the area was brought under the master plan, Sonepat property dealers
But the timelines in the master plans are usually guiding in nature. Though all major milestones to be achieved by the state authority in terms of improved road network, power capacity and sewage treatment facilities are linked to associated timelines are mostly indicative.
Technically, a master plan brings newer areas under its purview so as to achieve a more comprehensive level of development. It also serves as a mean to discourage development of urban villages and unregulated development near the growth corridors already under development. Thus, the benefits are towards creating a more inclusive development plan, keeping in mind the future growth projections. This also fuels associated physical infrastructure capacity building. However, important issues such as power capacity building, environment impact assessment are not addressed.
