Metro in pune (28th Jan 2010)
Now officially the govt has given the green signal to this project.
As everyone knows, this decision was delayed quite a few times and god knows when it all had started.
I find one thing that is common between these projects from pune and bangalore.
These projects were approved once the land/flat prices had reached there peak values.
bangalore real estate prices were already were at its peak then and people thought it will bubble down. then came the metro and surely it helped push the prices upwards.
So i am trying to understand the bigger picture.
Did these cities had congestion problems earlier- yes.
Did these cities had high real estate growth earlier- yes
Did these cities had heavy migrant population leading to influx of lot of people- yes.
Did these cities expanded like crazy- yes.
The last one is really the one thing i consider to be the reason behind this.
Both these cities expanded in residential boundaries. say now people are commuting easily upto 1-1.5hrs.
beyond that taking public transport or personal transport is just very stressfull.
With these projects, people can think of moving a bit far from city, move into peacefull locations.
now who is going to move to such locations. surely not those who already stay in city. atmost very few of them
would migrate to such places. That leaves the new buyers.
so its like giving push to real-estate. Again look at whose going to make money from this :)
so basically is the metro meant for poeple who stay far away?
if yes, then people who are already staying inside the city will be penalised?
I cant get this right so early :)
so i doubt metro is really going to solve whose problems..
Now officially the govt has given the green signal to this project.
As everyone knows, this decision was delayed quite a few times and god knows when it all had started.
I find one thing that is common between these projects from pune and bangalore.
These projects were approved once the land/flat prices had reached there peak values.
bangalore real estate prices were already were at its peak then and people thought it will bubble down. then came the metro and surely it helped push the prices upwards.
So i am trying to understand the bigger picture.
Did these cities had congestion problems earlier- yes.
Did these cities had high real estate growth earlier- yes
Did these cities had heavy migrant population leading to influx of lot of people- yes.
Did these cities expanded like crazy- yes.
The last one is really the one thing i consider to be the reason behind this.
Both these cities expanded in residential boundaries. say now people are commuting easily upto 1-1.5hrs.
beyond that taking public transport or personal transport is just very stressfull.
With these projects, people can think of moving a bit far from city, move into peacefull locations.
now who is going to move to such locations. surely not those who already stay in city. atmost very few of them
would migrate to such places. That leaves the new buyers.
so its like giving push to real-estate. Again look at whose going to make money from this :)
so basically is the metro meant for poeple who stay far away?
if yes, then people who are already staying inside the city will be penalised?
I cant get this right so early :)
so i doubt metro is really going to solve whose problems..
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