Ghaziabad has emerged as the housing destination for many
property buyers even as the administration is yet to find a solution to the
Noida Extension issue. Now that home buyers are scouring Ghaziabad, they have
stumbled upon a pleasant surprise – the city has better infrastructure to cope
with the population pressure than hitherto believed. “The city saw a frenzied
pace of development in the last couple of years and the administration has been
putting in all effort to streamline things which any settler would like to see
in a city. There is also a plan for connecting NH-58 to NH-24 from Mahamaya Stadium. The clover leaf projects will
be on the line of the AIMS flyover. Also added that the proposal for a second
phase, including the funds arrangement for the project from Dilshad Garden to
Arthala has been sent to the government, which would fulfill the need of mass
transportation. Apart from all these, the RRTS is also in the pipeline where
four states and the central governments have agreed for a rapid rail, which
will connect Delhi with Meerut.
How many Mercedes can you sell in the land of Marutis? Not every one understands the dynamics of real estate and why the market is down. So let us understand the scenario in the real estate sector vis-a-vis the auto industry. Why is the real estate sector facing a slowdown in India while the auto sector is doing fine? If people are buying cars and bikes, why are they not buying houses and preferring to stay on rent? In most of the developed countries, people own houses and cars are taken on long-term rent or, as they prefer to say, lease. So why shouldn't the same scenario be in India, especially considering that a house (or any property you buy) is an appreciating asset (well, most of the times!) and vehicles are a highly depreciating asset, with most experts considering the value of a vehicle equivalent to nil after 8 years? The very first thing you learn in economics is demand and supply. When the demand is high and the supply is low, the market goes up and vice versa. There i...
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