Impact Cities based on proposed Industrial Corridors in India
“Industrial Corridor development initiates strengthening of national economy bringing state-of-the-art infrastructure and opening up global competition.”
Indian residential realty, predominantly pinned to the tertiary IT/ITeS sector, is now looking towards the strengthening of secondary sector with the proposal to develop major industrial/infrastructure corridors. This provokes a magnitude of ambiguity with the real estate segment in qualifying areas hoarding future residential growth prospect. Furthermore, the critical warehousing and storage industry is set to bloom along these prospective areas which will be followed by massive residential alignment. In this paper, CommonFloor uses a holistic research algorithm by co-analysing population statistics from the latest Census (2011) along with specific geographically privileged urban areas with the help of GIS tools. It aims to identify all pre-qualified potential areas for both short and long term realty growth in the purview of these corridor developments. Final research findings showcase different Tier-I & Tier-II cities with possible outgrowth of residential realty classified in two sparse categories, short and long term impacts. Finally, it also summarizes the administrative state-specific influential analysis of these corridors. This data set is believed to assist in accommodating retail and institutional investment considerations from both domestic and international catchment.
