Monday, March 16, 2015

Central Government commitment of 8% growth rate brings huge development in real estate sector of Delhi-NCR.



India is going to make history in the field of economic growth and social prosperity . There  are many areas of economy which are being primarily focused in this new governments 5-years economic plans. Those areas which are primarily focused – education , health , industrial development , longevity and real estate & infrastructural development. The field of real estate and infrastructural development is very important and back-bone for economic growth and prosperity of the country. In the following lines we are going to discuss the challenges and other benefits of real estate and infrastructural development in mega cities including delhi-ncr.
The region of delhi-ncr is one of the most important and leading region in terms of real estate and infrastructural development . Each and every aspect of economy are well connected to each other and one aspect always influences the others , the same will be applicable all over India and the same will be proved in global aspects. As India is one of the fastest growing economy of the world so India is getting opportunities to float her indigenous technologies and products into the global market. The raising world economy and economic competitions are making India a fine destination for international companies and big brands . Due to lack of international infrastructural  development in all parts of India, only a few pockets are being getting the concentrations of multi-national companies and fortunately delhi- ncr is one of the prime destination for international investors as well as companies. These kinds of economic development gave rise to high end demand of residential projects in Noida , Gurgaon , Faridabad, Kundali and other outskirt regions. The regions of Noida Extension is one of the fastest growing residential landscape and this mega region. Gaur Saundaryam is known for her luxury and location. This projects is on high demand among corporates.
From the above discussion we can say that India would definitely achieve the target of 8.5% in economic growth. Some of the experts are of the view if India will be able to chase the growth rate of 8.5 percent per annum then delhi-ncr will surpass Dubai in coming five years . As well as if the same kind of trend will sustained for coming next 10 years then India will be the super power of this universe.