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Growing population and insufficient public transport: The grand mismatch

-by Anushree Ghosh The growing population in the cities of India is a matter of constant worry for the government. India ranks 2nd to China when it comes to population. Despite having several population control policies and family planning programs undertaken by the Indian government, experts believe that it is impossible to reach equilibrium before 2050, and the population may even surpass China by 2025. It is not hard to realize that we have limited resources and if the consumption keeps on increasing at this rate, then we’ll not have enough for all. The effects of the increasing population are evident in metropolitan cities where the migratory population keeps on adding to the existing population constantly. Whether you are in a bus, metro, car, airport or in any other public place, you...

Budget 2019: Allocation for Housing & Urban Affairs Ministry up by 12% | Weekly News Roundup

We’re back with another weekly news roundup! Let’s begin.  On July 10, 2019, the West Bengal assembly passed an amendment to the state’s Apartment Ownership Act, to enable associations of a housing project to form federations, to look after the common areas. A pre-bid conference will be held on July 15, 2019, in Greater Noida to address queries of bidders interested in an upcoming international airport at Jewar in Uttar Pradesh. The Delhi High Court, on July 10, 2019, dismissed a petition challenging the AAP government’s proposal to make metro rail rides free for women and declined to entertain the plea, also imposed a cost of Rs 10,000 on the petitioner. The Housing and Urban Affairs Ministry has received a 12% hike in budgetary provisions in the Union Budget 2019, while allocations for...

E-Vehicles on Indian Roads and Other Ways to Reduce Pollution – RealtyMyths

by Saloni Bisht  “What’s the use of a fine house if you haven’t got a tolerable planet to put it on.” —Henry David Thoreau Over 140 million people inhale air that is 10 times above the WHO safe limit. Unfortunately, out of the world’s 20 cities with the highest annual level of air pollution, 13 are in India. The air condition in the country is only worsening day by day, and it especially takes a toll during the winter season. According to the study by IIT-Kanpur (2013-14), the use of vehicles is the second largest and most regular contributing source of air pollution. To be precise vehicular pollution contributes about 20-25 per cent of total air pollution. On top of it, the transport sector is becoming the fastest developing sector in the country which is resulting in the rapid upsurge in...

SBI to Link Home Loans to Repo Rate | Weekly News Round Up – RealtyMyths

Welcome to the weekly news round up. It’s time to get updated! Bombay High Court on June 12, 2019, said it wants to first listen to the opinions of environmental experts before deciding on a plea seeking for cutting mangroves to pave way for the Mumbai-Ahmedabad bullet train project. A study by the Centre for Science and Environment (CSE), has revealed that the rising figure of private vehicles, which is up by 700 times since 1951 without sufficient public transport in cities, will lock in a massive quantity of pollution. Tamil Nadu is facing a critical water shortage, therefore has requested the centre to sanction over Rs 5,000 crores, for many drinking water supply schemes in the state to manage the condition. Central Pollution Control Board (CPCB) has asked Uttar Pradesh Pollution Contr...

Factors Deciding the Right Value of Flat – RealtyMyths

by Anushree Ghosh, After economic liberalization took place in 1991, India witnessed a free flow of capital in real estate that positively impacted the growth of this sector and attracted foreign investments. 2001 -2008 was a period of high growth when many projects worth millions were initiated by developers. The global economic slowdown of 2008 had some impact on the Indian market, suddenly, a large chunk of investment went away from this sector. However, the real estate sector started a gradual recovery. Although, demonetization by the government proved to be a hindrance in the ongoing growth; real estate came back to a steady pace after a break of a few months. Also, new initiatives like the Real Estate Regulation Act (RERA), Benami Transactions Prohibition Act, and Goods and Services ...

Future of Electric Vehicles in India

by Saloni Bisht “Why wouldn’t you try to make the future better, if you are going to be a part of it.” — Elon Musk Out of the 20 most polluted cities in the world, 14 are in India. To name some, Kanpur, Delhi, Gurgaon, Varanasi, Patna and so on, which makes India one of the most polluted countries. India is one of the hazardous nations in the world to breathe, besides Bangladesh and Georgia. The reasons behind the frequently increasing level of pollution are over usage of private vehicles, traffic jams, burning of garbage or plastic, and dust storms.  This is an alarming situation which is getting worse every year and causing harm to both humankind and environment. This beseeches the government’s responsibility to act on it immediately. In this circumstance, the world has acknowledged Elec...

A Review of Metro Cities’ Parking Space Infrastructure

by Saloni Bisht, The swift growth in the economy and population has ensured the rapid urbanization and modifications in the metropolitan structure. Also, with the increased motorization and at the same time, crunched space to support it, the country is facing problems like traffic congestion, accidents, environmental hazards and what not. The fact that extreme consumption of private vehicles negatively affects the environment and people is known by all, yet there are no resilient steps taken by the government nor any initiative by the public to control the situation. People still prefer cars over public transport, obviously because of the bizarre condition of public transport here. India is a country where more than 25 lakh passenger vehicles are sold annually. Because of which circumstanc...

Jewar airport can be a game changer!

In the last week of June, Central Govt. through it Civil Aviation Ministry gave its “in-principle approval” to the second international airport of National Capital Region of India located at Jewar, Greater Noida. Expectations are that this airport in the region will cater to about 30 to 50 million passengers every year over the next 10-15 years. Whether it is actually a game changer or not, is a thing of analysis. Can this be a lever on which Uttar Pradesh be transformed into Uttam Pradesh? Mythbuster Aojasvi,  Proposed airport at Jewar, like any other airport in the country, is set to alter the dynamics of real estate in that particular region. It is all set to radically uplift the market dynamics of the construction sector of the surrounding areas. Thus by winning the battle against Agra...

Infrastructure and its correlation to home buying

In India, as in other countries, it is a simple fact that localities which are as close as possible to important workplace areas will be most consistently sought out by people looking to buy homes. Therefore, projects with great connectivity by railway and road, see the highest demand for residential properties. Anil Pharande, Chairman – Pharande Spaces Property investment is always driven by the infrastructure in and around a locality. From sufficient roads to reliable water supply and drainage, infrastructure includes all the physical characteristics which contribute towards creating sustainable communities. Unsurprisingly, property costs close to infrastructure including airports, railway stations and roads are higher than in other regions. If a location does not offer reliable el...

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