The current stats tell that 50% of our population lies below the age of 25 years while more than 60% of the people are below the age of 35 years, which means that majority of India’s population forms young population. Increase in the corporate jobs, better lifestyle is what is attracting the young India to settle in the cities like Delhi, Gurgaon, Noida, Pune, Mumbai and Bangalore. This in turn is driving the growth of Real Estate Industry.
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If we talk about the actual stats of residential properties then according to the report of World Bank, India is facing a shortage of up to 70 million residential units due to the increase of economic activity and rapid urbanization.
THE CURRENT SCENARIO
The current scenario of the residential societies is dreadful! Congested lanes, water logging issues, lack of basic amenities like water supply, electricity and car parking etc, traffic problems and many more are some of the major issues being faced by the urban cities. The reason behind this hush and rush is simple- the demand is increasing and supply is short!
Another issue that needs to be taken care of is the global warming. Increase in population, lack of drainage and amenities all of them together forms the reason behind the global warming, directly or indirectly. The best way the Realty sector can take care of these issues is promoting Eco-friendly homes, planting more trees and increasing the use of solar power.
WHAT CAN BE DONE?
There are a few of the developers that are taking steps towards the greener tomorrow. Some of the developers like Ansals, Vatika, 3Cs are Jaypee Greens bringing the green city within the NCR cities. Introducing Eco-friendly homes, better drainage facilities and steps like battery operated cars are few which can take care of the greener tomorrow.
It is a circle that goes around and all the components of this circle are interlinked. Be it social impact, people, lifestyle, real-estate, environment or economy, everything is interlinked and the rise of one affects the whole circle.
A good project is the one that offers great living spaces combined with all the amenities and infrastructure. Real Estate is no more just about bricks and mortar, now it has some social responsibility too.
Thus, with growth in the Industry, Real-Estate Industry needs to understand their social factor as well to survive in this ever growing Industry.
Property in Gurgaon
If we talk about the actual stats of residential properties then according to the report of World Bank, India is facing a shortage of up to 70 million residential units due to the increase of economic activity and rapid urbanization.THE CURRENT SCENARIO
The current scenario of the residential societies is dreadful! Congested lanes, water logging issues, lack of basic amenities like water supply, electricity and car parking etc, traffic problems and many more are some of the major issues being faced by the urban cities. The reason behind this hush and rush is simple- the demand is increasing and supply is short!
Another issue that needs to be taken care of is the global warming. Increase in population, lack of drainage and amenities all of them together forms the reason behind the global warming, directly or indirectly. The best way the Realty sector can take care of these issues is promoting Eco-friendly homes, planting more trees and increasing the use of solar power.
WHAT CAN BE DONE?
There are a few of the developers that are taking steps towards the greener tomorrow. Some of the developers like Ansals, Vatika, 3Cs are Jaypee Greens bringing the green city within the NCR cities. Introducing Eco-friendly homes, better drainage facilities and steps like battery operated cars are few which can take care of the greener tomorrow.
It is a circle that goes around and all the components of this circle are interlinked. Be it social impact, people, lifestyle, real-estate, environment or economy, everything is interlinked and the rise of one affects the whole circle.
A good project is the one that offers great living spaces combined with all the amenities and infrastructure. Real Estate is no more just about bricks and mortar, now it has some social responsibility too.
Thus, with growth in the Industry, Real-Estate Industry needs to understand their social factor as well to survive in this ever growing Industry.
Property in Gurgaon
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