As we know the present government of India is very
dynamic and proposing projects like
inviting any body on dinner. There are many dream projects which has been
proposed by the present government. The dream projects are smart cities, bullet
trains etc. In this articles we are going to discuss the issue in a specific
ways. As we know on broader project ,
the proposed projects of new government like introduction of smart cities and
bullet train will completely change the Indian economic system and soon India
will become the super power of the world. At the same time the present
government has also proposed “Make in India” concept this concept will in true
ways bring India into queue to few developed nation. Here the specific point is
that do these big plans of government hamper the growth of Noida & Gurgaon
, As we have some hidden report which shows that Gurgaon is the maintaining the
20% economic growth. If we discuss this point extensively then we get that it
is because of the concentration of economic development. This region of NCR
maintains such a high growth rate.
In the following lines we are going to discuss the impact on
growth rate of real estate market of Noida after the introduction of smart
cities in India. As we know the economy of India has now directed move because
of less degree of infrastructure in other parts of India while some pockets of
India which ahs high degree of economic development and because of this fact
the concentration of economy si taking place in a particular region. Here we
have many scope to grow with less effort. Ace Golf Shire is project which will
get all booking soon but it can’t be booked so fast in other region as in Noida.
But it is true that after getting many smart cities in India the growth rate of
Noida will hamper but in a concentrated way it is expected that it will grow
with concentrate way and bring Noida and Gurgaon smarter than newly designed
smart city. It is also expected that it
will bring more commercial real estate project than residential projects. As we
have present data of real estate development which completely inclined towards
residential projects but after the incarnation of smart cities in India, the
rate of commercial projects will come in more numbers.
Now it is automatically proved that if the number of
commercial activities increase than the region would get higher growth rate.
So, it can be said that the presence of smart cities will never hamper the
growth of Noida and Gurgaon rather it will increased the economic growth of
these earlier established regions. It is also hoping that the idea of smart
city bullet train and “Make In India” concept will bring more FDI in Indian
economy and indifferent sectors of economy. During this process of development
the real estate sector of Noida & European will grow with fast speed. It is
viewed by the world renowned economists that Noida and Gurgaon going to become
the Singapore & Honkong of India in coming time because of the proposed
plans of new government.
