Properties in Ajmer Road Jaipur

MakaanIQ lists five real estate destinations that have a promising future.

Prime Minister Narendra Modi will be inaugurating the 83-km-long Kundli-Manesar section of the Western Peripheral Expressway on November 19. The expressway will offer signal-free connectivity to Palwal from Sonepat, bypassing Delhi while also diverting as many as 50,000 heavy vehicles away from Delhi. Once completed, the entire peripheral expressway would form a ring road around Delhi, spanning a total length of 270 kilometres. Locations such as Gurgaon, Manesar, Ghaziabad, Greater Noida, Palwal, Kundli and Sonepat are likely to witness sizeable real estate growth with the help of the expressway.

The Maharashtra government has sanctioned the Mumbai Development Control and Promotion Regulations 2034. The new plan is expected to open up over 3,700 hectares of land in the city’s no-development zone and salt-pan land. This large tract of land is likely to be used for developing residential real estate in the affordable category. According to the plan, nearly 10 lakh affordable houses will be constructed by 2034. It was earlier this year that the DCPR 2034 was passed by the government.

The Indian government, under ‘Act East’ Policy, is developing infrastructure projects in the North Eastern Region (NER) to boost connectivity. It will develop road networks spanning 5,200 kilometres in the North East Region along with National Highway projects and undertake upgradation under the Bharatmala Pariyojana and invest Rs 48,000 crore for building 15 new rail line projects across the state capitals.

According to a report launched by the Mumbai Environmental Social Network, while private vehicles are taking up 77 per cent of the road space in Mumbai, the public buses have only 2.2 per cent share. So, what are the challenges that make public transport less popular among people across major cities? Read on to know.