“Gurugram, Mumbai …”: The startup founder explains the reason that traffic tests are vital amid real estate prices

Traffic bottlenecks may be the curse of urban life, but for real estate investors, they often indicate an increase in demand and high prices. In a recent publication on LinkedIn, TEJ Pandya, founder of Groweasy.ai, argued that crowding is directly related to real estate estimate.

“The opinion that is not popular: if an Indian city does not have traffic, the prices of your real estate will not rise,” Bandia wrote. This was clarified by the issue of the Golf Stadium road in Gurgown, where it brings the property that was sold at once at a price of $ 2500 per square foot in 2005 now more than $ 25,000, and coincides with the region turning into a commercial work and a residential center.

“Everyone hates traffic.” But this is the biggest evidence that your city is growing, “Bandia added, while highlighting the reaction chain: traffic means demand, demand brings jobs, and jobs estimated real estate.

Metro problems: passengers for investors

The separation between the frustration of passengers and the investor optimism is the most obvious in cities like Gurugram, Bengaluru and Mumbai. Each of them wrestles with a very Gridlock so much that the population spends regularly two to three hours a day stuck on the road.

• Gurugram: The arterial roads in the city of Millennium, especially the Sohna and Cyber ​​City road, are permanently pursued during working hours. What was for 15 minutes now extends more than an hour.
• Bangaluru: Poor traffic for traffic, IT capital has some of the world’s most slower mobility speeds. Employees often lose hours of productivity, and even companies to adjust work hours to deal with them.
• Mumbai: With the continued growth of financial capital in India, arterial methods such as Western Express Highway and Eastern AreWay Snarls are facing, especially during peak hours.

For daily passengers, this is a permanent struggle. However, for investors, these bottlenecks are a clear sign of economic vitality.

The demand for housing adds to pressure

The traffic novel interferes with the housing crisis in this metro. Both rental and purchase markets are under pressure as demand is far. In Gurugram, the rental values ​​in the popular sectors jumped over 20 % last year. The corridors of technology in Bangaluru sees bid wars for apartments, while in Mumbai, the ability to withstand costs is still the permanent challenge, as the pricing of buyers with medium income from the city center is increasing.

Industry experts say that the paradox is here to survive: While urban residents continue to claim a better infrastructure and the fastest movement, investors will continue to deal with traffic as an alternative to the economic opportunity.

As Pandia also put it: “Do you prefer peace on the way or grow in your pocket?”