Friday, 2 September 2016

Infrastructure augmenting development along with real estate

Infrastructure and real estate are the two sectors having inseparable relation, as the change in one can have repercussions on the other. As new towns and cities are emerging, the need of investing more in infrastructure and real estate is increasing. Physical connectivity like road, rail, air and water are mostly done by government, though many are made under public-private-partnerships, these days. 

Thus, in this way, for a residential or a commercial complex, it is very important to have good connectivity. Usually, people keep good connectivity as a precondition to choose a place to live or make a house. In the past, so many places were left deserted in the absence of good network. As a result, those places remained undeveloped, later multiplying many congested settlements. This has given rise to many complications such as diseases, which originated from the unclean surroundings. We can see many places in India with unhealthy surroundings, almost similar to slums, which are devoid of proper drainage system, solid waste management system etc.

Location Map of Project

But, in the present era, real estatecompanies are taking initiatives in taking up projects in such remote areas, thereby helping the place in getting good connectivity, thereby redrawing the physical map of the locale. In this sense, they are becoming a helping hand to the government also. There are many instances in India, where real estate companies have started their housing projects and commercial projects in the hinterlands. But, later, we see them coming up as some of the most posh areas. After all, all the towns and cities are carved out from forests!

By this process, a builder plays a key role in increasing the market value of an area. We can see many such areas such as outskirts of cities, which are getting attention these days. While booking an apartment or house in the beginning time, the price is comparatively low, which becomes an attractive factor for the buyers to own that. This will be slowly supplemented by good road construction and other related necessities such as schools, hospitals etc. Along with that, small markets start popping up, that finally turn into shopping malls. For tapping this human resource, many multinational companies are landing there to offer jobs. This scenario slowly changes to construct office complexes that are made adjacent to housing space. Jade Business Park is such a final product by Mona Townships, which satisfies the need of residing near office.

Moreover, a residential complex gives much attention to other adjacent sectors also. This complex does not confine in just making a concrete forest, but they take care of dealing with the complete process such as water and electricity availability, drainage and waste management system, beautifying the area etc. and ensure the safety and security of the locality. More and more parks and gardens are being designed and made for providing good air circulation. This helps the surrounding and interior from dust and other untidy particles. Furthermore, these kind of residential complexes with lush green surroundings help the residents to spend their leisure time here. This methodical way of life can be a great boon to our surrounding. Littering is considered as one of the greatest banes in our country, which could be stopped by this kind of atmosphere and this orderly behavior can have a positive impact on every life. This organized and clean environment will have a profound influence in a person’s life and would be reflected in the   interpersonal relations

Mona Greens ii, AUG. 2016

When looked through a larger lens, we come to know of the positive energy it is going to radiate. In this way, we understand the unwritten relation nurtured by infrastructure and real estate industries. In the contemporary world, it is not just the government who is taking initiative in developing an area. Everybody has to play his or her own role. That is why, corporate houses are involved in fulfilling their Corporate Social Responsibilities, and taking CSR into consideration, these corporate offices are getting some kind of tax relaxation also. We all dream of a world with sustainable development that is, doing our part in helping for the development of the entire world, without compromising the survival of the coming generation. In a larger view, this is serving for the further betterment of society.

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