The excessive and uncontrolled growth within the city is driving the unplanned growth on its fringes. Lack of proper infrastructure hurts both!
One of the biggest drawbacks of the real estate industry in India is that it is extremely fragmented in nature. While one must acknowledge that things are changing - thanks to the efforts of the organised players, there's still a long way to go. Yesterday evening, I was in the remote part of Mumbai's suburb called Mira Road.
This location - situated on the other side of the Western Express Highway and on the fringes of the National Park - has several residential buildings coming up in and around it. It seems to be going through somekind of boom time with several new projects coming up. Most projects have a sign board proclaming the name of the builder. What hurts is the fact that most of them call themselves 'developers'. Why it hurts is because these areas do not have any proper infrastructure - whether roads, water and electricity supply, sewage systems, public transport, hospitals, schools, organised retail outlets, etc.
And these 'developers' are least bothered about providing any. They are well aware that they cater to the requitrements of those who cannot afford to buy a house anywhere near the proper city locations. But the demand is so extreme, these buyers are forced to ignore the lack of infrastructure and buy a house here no matter what.
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