Transit Modes and Its Effects on Real Estate : A CommonFloor Report
The economy of India has shown rapid growth in recent years. Since 1991, the economic growth of the country is among the top ten of the world’s economy. Interestingly, cities of India that are considered as engines of growth contribute nearly 60 per cent to the total Gross Domestic Product (GDP). It is no hidden truth that infrastructure projects impact urban land values in a positive manner. This clearly implies that properties closer to the major infra projects experience exponential rise in the capital values.
“As part of ‘Real Insights’ into real estate, CommonFloor.com has come up with a detailed report on “Transit Modes and Its Effects on Real Estate” – with in-depth analysis based on CommonFloor data.
For detailed report“
Further, enhanced connectivity is another factor that acts as a catalyst in realty growth. Since transportation networks increase accessibility and reduce commuting costs (both time and monetary costs), land parcels that have access to major transport networks would have higher values.Thus, for any individual or family, preference to stay in a particular area is mostly dependent upon the characteristics of neighbourhood, which include utilisation of land, provision of local amenities, socio-economic profile of the community, open or green spaces etc.
