Ozone impact on Noida real estate

Q: What will be the impact of Ozone on Noida real estate ?

Neha Srivastava, Delhi-NCR

16th August 2013

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Replies (3)

Hi all, I would like to know what is the impact of green cover on real estate sector?

V. Victor,

2nd November 2015

Comment

Hi Victor, I think you love to explore nature. Green cover plays an integral role in improving urban environment by improving water and air quality, reducing energy consumption by controlling temperature, and reducing pollution levels, soil erosion and flooding.

Increasing the green cover also has economic benefits as it increases the value of the residential properties nearby. Projects which have adequate green spaces such as playgrounds, lawns, gardens and parks are known to fetch higher prices than ones without any green recreational areas.

david.m,

2nd November 2015

Recently, the government announced the Green Highways Policy, aiming to enhance the green cover in the country to a healthy environment. This policy would make it mandatory to set aside 1 % of the project cost of highways for the exclusive use of plantation along the highways. This move comes at a time when rampant construction and urbanisation are taking a heavy toll on the green cover and, consequently, on the ecological balance of the country.

Sekhar, Noida

2nd November 2015

@ Vivek heard that the ongoing construction at the Commonwealth Games Village near Akshardham temple will continue. Earlier, environmental experts had cried foul after the DDA, ignoring all environmental norms, changed the land use of a protion of the river bed to construct the Games Village.

Supratim,

16th August 2013

Comment

This decision was taken at the DDA Board meeting which cleared the plan for zone "O" riverbed / riverfront). It is the zonal plan, which specifies the usage of the existing vacant land in the city.

Vivek Kulkarni,

16th August 2013

Comment

About 51 per cent of P-II zone, in north Delhi, has been proposed for residential use.

Supratim,

16th August 2013

Because of the special characteristic and ecological significance of the riverbed, DDAhas decided against any future concretisation on the river bed. Earlier plans to set upsport and commercial facilities like a football stadium and an IT park has been shelved. They've now been replaced with water bodies and green stretches like nature trails and bio-diversity parks.

Jackie,

16th August 2013