Real Estate Investments Can Be A Good Choice With The Presence Of Modern Rail Systems
The modern day rules of investment have undergone a drastic change in recent times. As a result, people are looking for newer add-ons with regard to the surety and value of their investment. This also includes a modern day rail system which is now being incorporated into the transport network of almost all major metro cities. Transport networks and systems are the lifeblood of any modern day city. These networks usually have a huge role to play in determining the overall quality and ambience of any location. With rapid urbanization taking place quite staggeringly, major metro cities are facing problems related to expansion and transport benefits. Alongside, urban authorities are also fighting to improve transport systems in major cities.
Metro rail and monorail networks should be a standard feature at some point of time. Proper connectivity is one of the biggest factors influencing modern development. Real estate prices are also influenced by the presence or absence of proper transport facilities. In today's times, there is rampant confusion among investors. Should you put up money for properties in areas that possess a competent and modern transport network? Read on to find out about how transport systems influence the overall value of your investment.
Many cities in India are carving up major metro networks and this is steadily becoming the norm. Commuting becomes a breeze with these transport systems and thus help people commute to their offices and workplaces. Monorail and metro networks are present in major cities like Kochi, Mumbai, Jaipur, Bangalore, Chennai and Hyderabad. If you are a prospective buyer, you should endeavor to find out more about these properties and act before the prices of property increase in these areas. Why will property prices increase at all? If you have not guessed it yet, the completion of transport projects like the monorail and the metro rail network will have a direct effect on the rise of property prices in the area in question. You should act fast and start your investment cycle before it actually becomes too late.
Always look for areas which are slated to develop rapidly after the passage of some time. Acting fast will help you avoid the steep rise in prices that is usually witnessed in case of impending transport network development. For instance, the upcoming metro rail network in Mumbai will have a chain effect on real estate prices in particular neighborhoods. If you are looking to buy property in Mumbai, act before it is too late!
This just goes to show the effect that transport systems have on prices. The Versova-Ghatkopar link should be operational pretty soon in its first phase. Prices in multiple areas are supposed to increase this year. Prices in major areas have increased in the eight years that have passed since the project was first announced. These are areas that are set to benefit from the proposed link and this has led to a rise in prices as expected. According to the real estate intelligence service and research head at JLL or Jones Lang LaSalle India, Ashutosh Limaye, prices have gone up to the tune of even 400 percent in some areas that will directly be benefited courtesy this link! Suburban areas usually see a major rise in prices owing to these transport networks and their establishments. Alongside, this helps in enhanced connectivity between these areas and major centers of business.
Property prices usually go up throughout three stages after a particular transport project is announced. When it is announced, prices go up first followed by the time when construction commences. Alongside, prices increase further once the project is almost readied. The same situation is set to play out in Bahadurgarh which is a small town in Jhajjar, Haryana. Already, the proposed metro railway line between Bahadurgarh and Mundka in Delhi has already had its foundation stone laid. Work is expected to commence for this line spanning eleven kilometers and the Metro Rail Corporation of Delhi is planning to execute the project by 31st March, 2016. Passengers will only be required to commute for a total of twenty minutes on this entire stretch.
Going to New Delhi's Connaught Place from Bahadurgarh will only take a little more than one hour. This is something that is slated to push up prices of this area into unheard of territory.
Already, there are various local realtors in the area and Omaxe, based in New Delhi, is one of the top companies in the locality and the company is putting up two to three BHK apartments for sale and these are priced between INR 25 to 40 lakhs. This makes for a locational advantage and is only two kilometers from the Delhi border and areas like Punjabi Bagh, Rohini and Paschim Vihar are only about 20-25 kilometers away. Omaxe will also be working on a Bahadurgarh township owing to this proposed project and this will raise up prices significantly. Bahadurgarh will henceforth be developed as a model city township. Alongside, infrastructural projects like a footwear park and an industrial estate are also in the offing.
Chennai should have a monorail network in place in addition to metro rail network capabilities. According to the managing director and founder at Casa Grande in Chennai, both monorail and metro railway networks will lead to lower traffic and will definitely have an impact on the development of infrastructure. Some of these locations include South Chennai's Medavakkam and Pallikarani which have already seen an increase in overall prices.
Bangalore should be witnessing a similar situation where a 100 kilometer stretch will be covered by the metro railway network. One of the stretches was activated in recent times while the other stretches will be activated shortly. This will be another game changer and property prices will steadily increase in recent times. If you are looking to invest in places that are supposed to get cutting edge rail networks, you should act fast before prices hit the ceiling!
Metro rail and monorail networks should be a standard feature at some point of time. Proper connectivity is one of the biggest factors influencing modern development. Real estate prices are also influenced by the presence or absence of proper transport facilities. In today's times, there is rampant confusion among investors. Should you put up money for properties in areas that possess a competent and modern transport network? Read on to find out about how transport systems influence the overall value of your investment.
Many cities in India are carving up major metro networks and this is steadily becoming the norm. Commuting becomes a breeze with these transport systems and thus help people commute to their offices and workplaces. Monorail and metro networks are present in major cities like Kochi, Mumbai, Jaipur, Bangalore, Chennai and Hyderabad. If you are a prospective buyer, you should endeavor to find out more about these properties and act before the prices of property increase in these areas. Why will property prices increase at all? If you have not guessed it yet, the completion of transport projects like the monorail and the metro rail network will have a direct effect on the rise of property prices in the area in question. You should act fast and start your investment cycle before it actually becomes too late.
Always look for areas which are slated to develop rapidly after the passage of some time. Acting fast will help you avoid the steep rise in prices that is usually witnessed in case of impending transport network development. For instance, the upcoming metro rail network in Mumbai will have a chain effect on real estate prices in particular neighborhoods. If you are looking to buy property in Mumbai, act before it is too late!
This just goes to show the effect that transport systems have on prices. The Versova-Ghatkopar link should be operational pretty soon in its first phase. Prices in multiple areas are supposed to increase this year. Prices in major areas have increased in the eight years that have passed since the project was first announced. These are areas that are set to benefit from the proposed link and this has led to a rise in prices as expected. According to the real estate intelligence service and research head at JLL or Jones Lang LaSalle India, Ashutosh Limaye, prices have gone up to the tune of even 400 percent in some areas that will directly be benefited courtesy this link! Suburban areas usually see a major rise in prices owing to these transport networks and their establishments. Alongside, this helps in enhanced connectivity between these areas and major centers of business.
Property prices usually go up throughout three stages after a particular transport project is announced. When it is announced, prices go up first followed by the time when construction commences. Alongside, prices increase further once the project is almost readied. The same situation is set to play out in Bahadurgarh which is a small town in Jhajjar, Haryana. Already, the proposed metro railway line between Bahadurgarh and Mundka in Delhi has already had its foundation stone laid. Work is expected to commence for this line spanning eleven kilometers and the Metro Rail Corporation of Delhi is planning to execute the project by 31st March, 2016. Passengers will only be required to commute for a total of twenty minutes on this entire stretch.
Going to New Delhi's Connaught Place from Bahadurgarh will only take a little more than one hour. This is something that is slated to push up prices of this area into unheard of territory.
Already, there are various local realtors in the area and Omaxe, based in New Delhi, is one of the top companies in the locality and the company is putting up two to three BHK apartments for sale and these are priced between INR 25 to 40 lakhs. This makes for a locational advantage and is only two kilometers from the Delhi border and areas like Punjabi Bagh, Rohini and Paschim Vihar are only about 20-25 kilometers away. Omaxe will also be working on a Bahadurgarh township owing to this proposed project and this will raise up prices significantly. Bahadurgarh will henceforth be developed as a model city township. Alongside, infrastructural projects like a footwear park and an industrial estate are also in the offing.
Chennai should have a monorail network in place in addition to metro rail network capabilities. According to the managing director and founder at Casa Grande in Chennai, both monorail and metro railway networks will lead to lower traffic and will definitely have an impact on the development of infrastructure. Some of these locations include South Chennai's Medavakkam and Pallikarani which have already seen an increase in overall prices.
Bangalore should be witnessing a similar situation where a 100 kilometer stretch will be covered by the metro railway network. One of the stretches was activated in recent times while the other stretches will be activated shortly. This will be another game changer and property prices will steadily increase in recent times. If you are looking to invest in places that are supposed to get cutting edge rail networks, you should act fast before prices hit the ceiling!
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