Transit Systems in India and Real estate in India

Transit Systems in India, adds value to the properties that are in the proximity. The real estate near a public transit incurs a boost in price considering all the factors that impacts, which includes accessibility benefits, type of housing and type of transit systems.

Since transportation networks increase accessibility and reduce commuting costs (both time and monetary costs), land parcels that have access to major transport networks would have higher values.Thus, for any individual or family, preference to stay in a particular area is mostly dependent upon the characteristics of neighbourhood, which include utilisation of land, provision of local amenities, socio-economic profile of the community, open or green spaces etc.

Read More at CommonFloor.comTransit Modes and Its Effects on Real Estate : A CommonFloor Report

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