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Noida Property News: Vinod Kumar, a property dealer,
has run his office out of Sanagam Vihar in South Delhi for two decades.
But the dividends only came through last week with the new master plan.
Sanagam Vihar was among Delhi's 1500 unauthorised colonies regularized by
the government.
Vinod was ready to do quick business. But then came the rain and the
colony's main approach road has dissolved before Vinod's eyes along with
hopes of selling land. |
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"People have turned away after looking at the condition of this road.
Government needs to provide civic amenities or the property prices will
not increase here," said Vinod Kumar, property dealer, Sangam Vihar.
Task for govt
Vinod's story proves the gigantic task the government has of providing
basic infrastructure like roads and water to areas that have turned into
legal colonies overnight.
And yet the sweeping permissions to expand could help control property
prices that Delhi has been struggling to keep up with for the last few
years. At least that's the theory.
"Property prices will definitely dip. There'll be rampant construction,"
said Sudhir Vohra, town planner.
Once again it's the lack of infrastructure that could also undo the other
benefits of the Master Plan.
"This new Master Plan's impact will be there, but marginal. Noida is a
better place to live in than Delhi. There is less traffic and water supply
is better," said Ramesh Chaturvedi, property dealer, Noida.
Brokers in Gurgaon and Noida insist that despite more buildings in Delhi
customers will continue to opt for satellite towns.
by http://www.ndtv.com
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