PictureYamuna Expressway Begins from Greater Noida
With the increase in the influx of people from the rural area to the urban areas the urban population also has increased. With this increase the flow of traffic on roads also is on the rise. This calls for better infrastructure and roads for accommodating all such increase. Yamuna expressway opening was a venture in this direction. There were many objectives in front of the government in question in laying the expressway and most of them are seen to be fulfilled. It was inaugurated in the year 2012 August. Though it was done so two years behind its scheduled date its opening has brought a lot of relief for the road users. It begins from greater noida and culminates on the road toward Kanpur and Agra the NH 2.

One of the objectives was to provide a fast moving corridor for the movement of different kinds of traffic on the road. The main purpose of this was to reduce the travel time and to a large extent this has been achieved as the distance of travel between the said cities has reduced a lot. Another aim of taking up of the project was to connect the commercial centers on the east of Yamuna and the main townships and the development of all the adjoining areas here. The last but not the least purpose of the expressway project was to relieve the already congested NH 2 road which runs through densely populated cities like Faridabad, Palwal, Ballabgarh. This has helped the reduction of the pollution and carbon footprint caused by the vehicles passing between Agra and New Delhi.

Many more changes are seen and will be seen with the making of the expressway. The Yamuna expressway plots are a lot in demand and the real estate prices are on the rise. The individuals owning property can make good profit selling their property here. The property dealers charge double the amount of Yamuna expressway plots premium as the prices of the land has doubled and in some places tripled too. Increase in the demand of land both residential and commercial has brought about the real estate boom. There is a lot more of commercial activity in the Yamuna expressway area now than before. With the increase in such activities more and more development has taken place and will take place in the future too.

There is a lot of scope for the Yamuna expressway future development too. This kind of development calls for a lot of spending and there should be some source of income for this. One such source is the charging of toll at three points on the Yamuna expressway. The Yamuna expressway toll rates are different for different kinds of vehicles. The smaller vehicles like cars and jeeps than the larger and heavier vehicles like buses and trucks.  The table of such toll rates is available at such points. Another benefit of the making of Yamuna expressway is that vehicle fuel mileage has improved and there is a reduction in their wear and tear too which will decrease the logistical cost too. All in all the making of Yamuna expressway has been beneficial in many ways to many people.


 
PictureIndian Real Estate Market
2012 was a good year for the Indian real estate market. Residential property prices in India had a dream run and went up by 30 to over 60 percent in the national capital region (NCR) of Delhi. Experts feel that 2012 will also witness growth in property markets but prices will not rise as steeply as in 2011.

In the suburbs, prices almost doubled during 2010. Gurgaon, Noida, Mayur Vihar, Patparganj, Dwarka, Rohini, Paschim Vihar, Vaishali, Indirapuram and areas as far-flung as Ghaziabad witnessed unprecedented surge in property prices. In Gurgaon, a three-bedroom flat on 1600 sq feet was available for Rs 1.2 Crore to 2 Crore in early 2012. Now, prices have gone up to Rs 1.5 Crore to 3 Crore. In Noida, a similar flat was available for Rs 70 to 80 lakh in January 2011. Today, the same flat costs anywhere between Rs 90 Lakh to 1.2 Crore.

In fact, the pace of price rise in 2012 was so steep that property dealers found it difficult to keep themselves abreast of the latest prices in their micro markets. A dealer said that they show a property to a buyer only if he is ready to buy the property within a fortnight. If he sees the property, takes the price rates and comes back after a month to do the deal, the deal can't be done because prices have gone up.

Such escalation in prices happened not only in the national capital region of Delhi. In most cities in India, the scenario was more or less the same, though the price rise in Delhi was the steepest. According to a report in some of the micro-markets within Bangalore, Chennai and Pune, residential property prices went up by almost 50 per cent. Mumbai, however, did not witness very sharp rise in prices during 2012. Prices in the main city areas like Worly, Cuffe Parade and Malabar Hills saw some correction. In suburbs like Santacruz, Andheri and Bandra prices firmed up by 5 to 10 per cent.

All major markets - metros and Class A cities - across India are witnessing extremely high rates and a high degree of suburbanization. Following a lag in infrastructure development, currently most suburban areas are witnessing greater infusion of capital for upgrading infrastructure. Better road connectivity, public transport networks and dedicated business promotion zones are being set up by the respective state government. This has increased the attractiveness of living in such suburbs. Social infrastructure, in terms of schools, medical facilities, colleges, etc., is also fast catching up to cater to the now increasingly profitable suburban audiences. A similar growth trend is visible now in tier II cities like Ludhiana, Chandigarh, Jaipur, Hyderabad, Kochi, etc. Business led demand for commercial office space has fuelled demand for residential and retail properties