How Aqi And Water Will Influence The Real Estate In Future?
How AQI And Water Will Influence The Real Estate In Future?
As we all know, water is the driving force of all nature, so as for real estate, but nowadays, apart from water, air has also joined the party to become the second most driving force nowadays. People are nowadays migrating to the places where they get adequate water and good air quality. No one wants to live in a polluted place where there is only disease, and nothing else. Today we will analyse the effect of water and air on real estate in the future.
Effect Of Water And AQI On Real Estate
We all are watching the water scarcity in Bengaluru, Gurugram, Delhi, and other cities of India. Water is the most essential element to life for a human. But the scarcity of water has affected the real estate of these cities badly. The people living in these cities are looking for an affordable and alternative option to migrate where they can get the same facilities with sufficient water and good air quality.
Looking for an alternative
There are various alternatives for these cities in India. Such as Aizawl, Gangtok, Chamarajanagar, Gadag, Chikkamagaluru. But the problem is, these cities have no jobs and lack in terms of industries and infrastructures as these cities are purely based in nature’s hub and situated in the remote areas in India. But there is the best alternative for those who want to migrate to a place with better jobs and with their desired facilities. Noida comes out as the best city in terms of water and AQI too.
Noida has the largest green cover among any other IT cities in India, which is over 50 percent. And has great water conservation technology. Noida has adequate water, and the planned development and green cover in Noida ensure that there will never be water shortage.
How The Real Estate Prices Got Affected By Water And AQI?
The prices of properties have decreased significantly in Bengaluru because of water scarcity as it is directly connected to the property prices. The prices of the property decreased by 20 percent in Bengaluru and in some areas even 30 percent.
Not only water but the concretization of Bengaluru has led to harsh air quality that leads to lung cancer and other diseases. Nearly 95 percent of Bengaluru is covered with concrete, and there is no space for greenery at all. People have already fed up with traffic and pollution, and now water and air have added some more reasons to migrate.
The same is going to happen soon with Gurugram, and is already happening in Delhi. People living in Delhi and Gurugram migrating to Noida. Because Noida is the fastest-growing and developed region in India with ample greenery and sufficient water. It has multinational companies and small businesses. It has better roads, less traffic congestion, and better overall infrastructure and a meticulously planned city.
Why Major cities In India are facing water scarcity and bad AQI?
There is a misconception in India, that development means making big buildings, roads, etc. But in precise sense the development means, developing a city along with conserving its natural resources, and its flora and fauna. Because the natural resources such as trees, grasslands, and other physical features of nature will decide the weather.
It will decide if there will be sufficient rain or not, and the rain will decide if there will be sufficient water or not. The greenery of the region will lead to better air quality and that will improve the real estate sector of that region. These are the reasons, Noida’s real estate is thriving and growing faster than any other region as it has everything an investor wants such as better air quality, water, and infrastructure to provide jobs.
Conclusion
The future of real estate is too much tied to water availability and air quality. Cities facing water shortage and poor Air Quality Index (AQI) are witnessing a decline in property prices, prompting migrations to areas with better resources like Noida. The trend underscores the importance of holistic development, emphasising conservation alongside urbanisation.
Noida's success story highlights the significance of green cover, water conservation, and planned infrastructure in fostering a thriving real estate market. As the demand for healthier living environments grows, so does the imperative for sustainable urban planning to ensure the resilience and attractiveness of future real estate markets.
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