It did not take long time for
progress to penetrate into the city. Literally, it is Delhi. The cities of metro
cities which were in close proximity to Delhi underwent phenomenal changes.
Much of them were manifested in the form of corporate offices in Delhi, IT
Parks, SEZ and educational institutions. These together sufficed for the
urbanization that was taking place. People from the far flung sites came and
settled here in the pursuit of livelihood. These were those large chunks of
people who demanded residential units to take refuge. Their shelters were laden
with proper connectivity by building roads, bridges and highways.
These were facilitated by the
active participation of the real estate industry. The top builders India in
association with the development authority of the city implemented all these.
By and large people kept flocking and hanging around the city. This eventually
led to the scarcity of land. To meet the growing demands of buildings meant for
official and personal views high rise constructions were permitted. Perhaps,
this was the best way to meet the optimal uses of land, water and power
supplies. Having flats and apartments around the minions could get the jobs of
maids, servants and other housekeeping staffs.
The immovable properties in the
city were sold like hot cakes. Getting them was not a cakewalk for everyone.
Despite this people found it a lucrative business. Those were purchased either
for resale or to put them at rent or at lease. Upon seeing this, the government
liberalized policies and FDI regimes. The NRIs showed a great deal of interest
in the properties for expecting a better yield on investment made on them. This
was done in order to carry out business for the trade objectives or to make
their possible comebacks someday.
