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28
Jul
There are times when Delhi is known to be the place for the rich and elite. But of course, being the national capital of India, some aspects should be taken for granted. In such a case, why is the aspect of constructive development missing? With the population levels increasing day by day, buying property is the biggest challenge in the state.
I still remember when we were planning to buy a house a few years ago. We had an ordinary budget of Rs. 20 lacks and that too came about after pulling a few strings. But then considering this expensive city; is this amount enough to buy a decent home in a good location? Definitely not in the centrally located residential areas in the city! Atleast the ones that we found were dingy, cramped with no ventilation and comparatively smaller than what we were used to living in.
At the same time, a good house is definitely possible built in the outskirts of the city. The real estate market of Delhi is considered one of the expensive realty markets in India. At the same time, it attracts many people from different parts of the country to buy property here.
With the rising population and lack of space for housing, builders and property dealers have now moved to the National Capital Region. With most of the multinational companies operating from Gurgaon, it soon became the place for residents. Today, it is known as the Singapore of Delhi. But then, space constraints along with other issues started cropping soon. So, exploration of other regions such as Noida, Ghaziabad and Faridabad were started. It took no time for property to come up here.
These NCRs have definitely catered to more options for housing for the constantly growing population. An ordinary middle class Delhite invests the savings of his lifetime to buy property. So, once this investment is done with the help of a home loan, he literally has to make ends meet in order to ensure that he is able to provide for his family as well as pay up the loan along with the interest.
The moment when a person feels that atleast he has an insurance policy for life- a house; barely does he realize that it is the beginning of another round in the ring called life where he is already having a tough life!
So, despite opening more avenues it has created more hurdles for the common man. First and foremost is the distance. Moving to the NCR means increased travel time and travel expenses. This caters to more fuel consumption and so, even if the person is not paying a rent anymore, his other expenses would definitely increase. This would be after paying his monthly EMI. And so, this is one price that a resident has to pay for opting to budget housing in a distant area.
Initially, it might seem all manageable with the distance since the bus service seems frequent. But once we actually start using that service, we realize that it is not that easy. The frequent service is definitely a blessing but then with this comes the flood of people at all times. These long distances buses can be considered as houseful round the clock. Peak hours are the times when they should be avoided the most. So, one can easily add in the time for those extra minutes spent in traffic jams. However, things are slowly improving with the metro being introduced and being extended to the NCRs. But the problem continues to persist.
Over a period of time, other important aspects which come to light are the power cuts and water problems. Electricity and water all of a sudden seem to be some kind of assets meant for the elite. And so, it seems as if we are being tested for whether or not, we belong to that category! It would be hard to find any home in the NCRs without an inverter. An ordinary home inside the city is equipped with an inverter. Since there is no electricity and water, it means additional investment to ensure that the utilities are bought from time to time.
Additionally, it is also being seen that the concept of independent housing is slowly coming to an end. With more and more people selling away their land and property to builders, the concept of multi-storied apartments has taken over. So, in the past where one family used to live on a given land now has about a dozen families living. This obviously means increased consumption of utilities etc.
On the other hand, there have been cases where the builders turned out to be frauds exploiting the common people. Or there have been instances where property has been constructed on unauthorized land. In the entire above scenario, the common man is the end sufferer.
So, what are the solutions to the above problems which seem to have come about thanks to the lack of efficient management by the relevant authorities? Above all, this mishmash could only be sorted with the right intervention…what do you think?
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