Recently Noida has passed the mixed land use bill and which
is going to revolutions the real estate market of Delhi-NCR. In the following
lines we are going to discuss the
salient features of this bill as well as we will equally focus the advantages
of this bill in the growth of urbanization. We will also see that how this bill
is going help the industrial policy of India. It is important to mention that
the mixed land use bill is one of the most awaited bill and after the
implementation of this bill, it is expected that the economic growth of this
region would be higher in all the times.
The recently passed mixed land use bill would be applicable
in almost all the areas and locations of Noida. The bill clearly mention that
now the residential projects can be used for commercial purposes which will
bring high the level of economic growth. This bill will not only bring the
economic prosperity in this region but it will also help the goals of central
government is recently launched project “ Make in India. “ In the residential
projects people can start small level commercial activities and which will
bring more revenue. There are many states in India which have already passed
this kinds of bill and got benefitted at large. The parts of Mumbai has already
got this kinds of law and the financial capital of India. The same way , it is
expected that Noida would emerge as the greatest commercial the passing of this
bill many big business houses are taking keen interest to launch their
residential project in this region. Some of the major real estate experts are
of the view that in coming times Delhi would be more benefitted by this law and
get huge concentration of foreign
investment in coming times.
There are some points which will facilitate the mixed land
use project more for economic gains. The residential projects which will be
close to wide-road and nearness to metro land use. RG Pride is going to become
one of the most demanding project because of its location and high-end
luxurious specification. Recently almost all the on-going projects are
maintaining the old price. But the property Guru’s are of view that in coming
time the prices of property in Noida will definitely go high.
There are many aspects which will raise the prices of
projects in Noida and the prime factors are foreign investment and getting the opportunity
to display commercial activities from home. As we have discussed many positive
aspects of this bill but we have some negatives as well. It is important to
mention these points here – First of all it will make the residential projects
of Noida more crowded due to its commercial activities. The residential would
lose the peace in their residences. They will be barred to enjoy the nature
because of the commercial activities. It is true that India is still a
developing nations and trying hard to become developed nation, these kinds of
bills will definitely boost the economic growth rate of the country. So at
present economic scenario this is great step and after becoming developed
nation, we can change the policy. So, this is an important bill to make India
developed nations.
