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| Budget 2016-2017 Spurs Infra Projects to Fuel Realty Growth |
After the budget proposal few have been criticizing
it and few others think that it is a great budget as it is an agriculture based
budget. But it is equally true that this budget has paid the same amount of
attention for issues like improvement of infrastructure like roads, bridges,
flyovers in areas of key commercial locations of urban areas.
Bangalore has been a city which got a grant of Rs. 5,
000 crore for the improvement of infrastructure and the roadways of the city.
The experts feel there is a huge difference in Bangalore then and now that initiatives like building of elevated corridors with a
grant of Rs. 18, 000 crore and the grant of a dedicated fund to construct a Light
Rail Transit System of the stretch of 42 km in the Western zone will surely
help in the involvement of a comprehensive, integrated and efficient transportation
system with a road network as well. The same budget has also allocated a
primary funding of Rs. 100 crores for the sub urban railway system improvement.
The experts and the critics feel that these infrastructure improvement projects
are certainly going to improve the real estate growth in all sectors like
commercial, retail and residential sector.
In Bangalore the development of the areas like the Russel
market, KR market and the Johnson market along with the reconstruction of the commercial
complexes of Indira Nagar, Austin Town and R T Nagar is a novel initiative. If you are looking for land to invest than check out the hot spots for land in east Bangalore.This will add to the prospects of the city’s commercial real estate as well as
encourage the retail sector also.
Furthermore these initiatives along with the
improvement of the civic amenities and environmental initiatives like allocated
funds for the management of solid waste and the storm water drainage are also
appreciated. The experts believe these have a lot of bearing on the city’s overall well being.
