Wednesday, April 8, 2015

Petrolium Price becoming the decisive economic force in real estate market of delhi-ncr.



At present scenario the declining crude oil price in international market is leading the shifting mode of new commercial and industrial activities. In recent past due to high petroleum prices , the leading oil producer country (OPEC) have got high intensity/concentration of international investment. But at present situation the declining petroleum prices has shifted the route of international investment towards big markets as well as developing countries of the world. Among these kinds of nation India gets top rank and which attracts high concentration of economic investment. This kinds of international investment in India has lead to all sides growth of Indian economy. To support these kinds of international investment in India, many big industrial and commercial blocks are being developed on international standard.
If we talk about these kinds of industrial and commercial blocks in India which attracts huge international investment are delhi-ncr, Mumbai-Corridor, Southern Corridor etc. Among these well developed blocks Delhi-ncr gets high valued region by international investors /companies. There are many causes behind these kinds of affinity by the international brands. First of all this region is well connected with international infrastructure to almost all parts of India. The second important aspect is related to its history. This region comes under national capital region and got its commercial identity in the period of Mughals. When the emperor Shajahan shifted his capital from Agra to Delhi. In the later phase Britishers shifted Indian capital from Calcutta to Delhi in the year of 1912. Since that time onwards this regions has got international identity in the field of business and industrial development. As this region has century old industrial and commercial developments which has supported huge infrastructural development in this region.
After the dawn of globalization this region has got huge development and which made this region international. At present time this region is spreading Gurgaon to Noida and almost all side of this region has huge developmental works are going on. The region of Noida and Gurgaon got huge international investment and which has given an international look to this landscape of Delhi-NCR. Migsun Ultimo is maintaining international  standard in the region of Noida. In the same way many other commercial and residential projects are going on in this region. It is hoping that the new flood of international investment at present scenario when the international oil price is declining, will change the face of Indian industrial and commercial blocks of India. Some of the eminent economists of India are of the view if the global oil pricing will maintain this kind of declining slope then India will become developed nation soon as well as emerge as major international super power.