News & Views on Indian Real Estate

Wednesday, March 26, 2008

Gurgaon Master Plan 2021: On the high road of development

The much awaited Gurgaon Master Plan 2021 comes with high hopes for residents of the fast flourishing cyber city. The first master plan for the region aims to keep population density in the newly covered areas lower than before. The focus is on having green cover, increasing residential space, enhancing commercial space, and improving connectivity with neighboring Delhi. This will undoubtedly be a step forward in real estate growth around the region.

Moreover, the new supply could be good news for the middle class as the prices of apartments are expected to slip down. So far, property developers were only concentrating their attention on high end housing. With availability of more land, they can now focus on middle and lower segments as well.

New Gurgaon Manesar Master Plan is known to have been inspired by the Chandigarh town planning model. The Gurgaon-Manesar Plan includes great scope for the residential areas which will now feature boarding houses, social, community, recreational and religious buildings, educational buildings, health institutions, cinemas, commercial and professional offices, retail shops and restaurants, local service industries, petrol/CNG stations, bus stops, nurseries and green houses, hotels, cyber and IT parks.

Anonymous said...

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Anonymous said...

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