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Property prices increases with new infrastructure project

Comments(6) Sub Category:Gurgaon,Mumbai,Realty News,Residential Real Estate Posted On: Apr 17, 2012

The property values in and around Panvel, Kharghar, Ulwe, southern parts of Navi Mumbai and Mumbai’s eastern corridor has been increased considerably after the announcement of the construction of an international airport in Navi Mumbai.

It is a fact that a scheduled infrastructure project leads to an increase in the value of property in its surroundings.

There are lots of instances where the property prices have increased by 50-70% after the announcement of an infrastructure initiative till it becomes operational.

The same incidents happen after the announcement of extension of Delhi metro up to Gurgaon. That leads to an increased price in the cost of residential apartments in Gurgaon.

More related stories:

Investment in civic projects is not adequate to support construction in Mumbai

1.5 Lakh ready flats in Gurgaon will be available by 2015

Source: Economic Times

6 Responses to “Property prices increases with new infrastructure project”

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  6. Mutart says:

    Awesome stuff , Very useful. I like the way you write. Do you currently have an RSS feed?

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