How Infrastructure Development Influences Real Estate Industry By: Unknown No comments

A significant portion of one’s income is invested into real estate. Especially in Metropolitan cities such as Gurugram, the volume of money invested in real estate is so high that this sector has become a much sought after domain for businessmen and government to invest in real estate.

Infrastructure in a specific region affects the real estate business a great deal. The infrastructural development in a particular area is planned according to the demography of the region which includes population, migration rate, age, gender, household income etc. Irrespective of the region, the infrastructure development in a region is directly proportional to the real estate prices. Developments such as Metro rail, highways, broad roads and bridges enhance the transportation process in the state which further leads to influx of people from various places in search for business opportunities. Due to growth in the number of residents, the demand for residential properties increase which further results in hike of real estate rates.

As a consequence, integrated infrastructure development has become a crucial part of Government’s schemes. The vision of “Smart city” aims at supplying stipulated electricity, proper sewage disposal, green parks, adequate water supply and transportation ease that should be offered to the residents without any break. Luxury living has resulted into a sharp hike in the residential property rates in Gurugram due to preference of people to relax in a comfortable space after a long tiring day.

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