Listen to the article
The integrated structure of the numerous projects makes it simpler for consumers to access all services swiftly, according to Indian real estate experts, who believe that the GatiShakti Plan would increase infrastructural connectivity and reduce commuting times.
The integrated structure of the numerous projects makes it simpler for consumers to access all services swiftly, according to Indian real estate experts, who believe that the GatiShakti Plan would increase infrastructural connectivity and reduce commuting times.
With a budget of over 100 lakh crore, Prime Minister Narendra Modi’s GatiShakti Master Plan focuses on multi-modal connectivity among infrastructure projects in India.
The integrated structure of the numerous projects makes it simpler for consumers to access all services swiftly, according to Indian real estate experts, who believe that the GatiShakti Plan would increase infrastructural connectivity and reduce commuting times.
Consumers and developers have been waiting for the GatiShakti Master Plan for more than a year, according to experts, and it is a relief that the project will finally be completed.
Also, Read 5 Bad Asset Management Strategies To Avoid For Real Estate Investments
What Are The Major Benefits of the GatiShakti Plan?
With an emphasis on buyer specificity and the infrastructure industry, the GatiShakti Plan will solve the following concerns:
- Departmental accessibility
Individuals find it difficult to reach all departmental shops, things, and facilities at once and without difficulty due to the existence of multiple departmental stores, items, and facilities at diverse places. Because of multidimensional interconnection, people, commodities, and services will be able to move more simply and efficiently.
- Employment Avenues
The PM GatiShakti project aims to increase job creation, reduce logistical costs, expand distribution networks, and make local goods more globally competitive. In a word, the GatiShakti Master Plan is a technological marketplace that will bring together 16 ministries, including trains and highways, to plan and implement infrastructure connection projects in a unified manner.
GatiShakti, according to Industrial Experts, may also help our economy develop a solid basis by enhancing the global profile of local manufacturers and supporting them in expanding their reach.
Also Read: What Is The Minimum Amount For NRI Real Estate Investments In India?
- Cost reductions
PM GatiShakti’s installation would aid in selecting the most cost-effective and time-efficient approach. The integration of Railways and Roadways, as well as other departments, makes the process more efficient and less time-consuming.
- The Economy’s Future and Growth
GatiShakti, according to analysts, would control every policy field vital to India’s economic growth over the next several years, mandating broad-scale reforms in the design and implementation of government programs up to the state level. This would also encourage more participation at the Centers. States will be able to integrate their development strategies into the overall program and propose new initiatives under Gati Shakti using the same geospatial technologies.
- Cost-cutting on the technical side
The master plan of Prime Minister GatiShakti intends to cut logistical costs to 8% of GDP, down from 14% when the Modi administration assumed power. According to Piyush Goyal, the Commerce and Industry Minister, it will save about Rs. 20 lakh crore for a $5 trillion economy. Transportation and logistical costs will be reduced, cutting the price of the goods. More micro, small, and medium enterprises (MSME) will arise in rural areas, generating economic growth and jobs. On several levels, any initiative that has a favorable economic impact benefits both the government and the public.
Also Read: Residential vs Commercial Real Estate: What Is Better For Rental Income & Capital Appreciation
Apart from the difficulties it addresses, it aspires to achieve specific objectives that will significantly alter the dynamics of the country’s infrastructure ambitions. GatiShakti will have a massive influence on the country. The plan seeks 11 industrial corridors, 38 technology production clusters, and 109 pharmaceutical clusters by 2024-25, with a return revenue of Rs 1.7 lakh crore in the defense sector. The Road, Transport, and Highways Ministry’s goal is to construct 2 lakh kilometers of expressways, complete 5,590 kilometers of four- or six-lane national highways along with coastal areas, and connect all capital cities in the northeastern region of the country with four-lane or two-lane national highways.
GatiShakti’s digital service now comprises infrastructure projects from 16 ministries, with multi-thematic layers to assist the government with mapping, budgeting, administrative approvals, prioritizing, monitoring, tracking, data management, and strategic planning. If you’re seeking a great investing partner, Assetmonk is the place to go. We provide our investors with investment options throughout India with IRRs ranging from 14 to 21%. To get started with your investment journey into the commercial real estate market, visit our website.
Gatishakti Plan FAQ’S:
What is the Gatishakti program?
The Prime Minister presented the PM Gati Shakti – National Master Plan for Multimodal Connectivity, a digital platform that would bring together 16 ministries, including Railways and Roadways, to plan and deliver infrastructural connectivity projects in a coordinated manner.
How is the Gatishakti Plan reshaping the Indian property market?
The Plan aims to reshape the real estate industry by addressing issues such as departmental accessibility, employment avenues, cost optimization, the economy’s future and growth, and the reduction of technical expenses involved, among others.
Related Articles
What Are The Factors That Affect The Capital Appreciation Of Your Property?
Do you own or intend to buy a property? If yes, you are most likely hoping for capital appreciation. Here is all you need to know about real estate capital appreciation – and what it implies for your ambitions and bottom line.
Answering All Your Burning Real Estate Investment Questions In 2022
Get answers for all burning Real Estate Investment Questions In 2022 | Real estate investments are a great way to earn rental income. As the year 2021 comes to a close, the pandemic-fueled surge in house purchases continues. Despite being in the traditionally slow season for real estate, homes are nevertheless selling for much above the asking price in most cities.
The Capital Appreciation of your property is stagnant: What should you do?
Do you have a property you earn rental income from, yet your capital appreciation is stagnant? Does that look like it is the end for you? No, it is not. There is still hope and several strategies to help boost the capital appreciation of your property.
What Is PM Modi’s Gatishakti Plan: A Game Changer For The Indian Real estate
The integrated structure of the numerous projects makes it simpler for consumers to access all services swiftly, according to Indian real estate experts, who believe that the GatiShakti Plan would increase infrastructural connectivity and reduce commuting times.
What are the Tax Rules for Rental Income from Commercial Property?
What are the Tax Rules for Rental Income from Commercial Property? What taxes apply to commercial properties that are utilized for the owner’s company, as well as those that are rented or sold? In each scenario, we look at the ramifications. Share on facebook Share on twitter Share on linkedin Property is one of India’s oldest investment opportunities, predating the introduction of other financial instruments such as direct equity and mutual funds. People who invest in commercial buildings do so for a variety of reasons, including personal usage or rental income. Rental income from any property you own is normally taxed under the heading of ‘income from dwelling property’. This is affirmative irrespective of your property being residential and commercial properties. The foundation for taxing rental income is the higher the rent that is obtained or the rent that is reasonably expected to be fetched by such a property in the market. If you don’t own the property and sublet…
7 Retirement Planning Investment Strategies for Freelancers
Freelancing has the potential to be extremely rewarding, but you should also plan your retirement planning investments property. Here is some money advice to make sure you’re on the proper route to financial independence.
How PIO, OCI, and NRIs Can Safely Invest In Indian Real Estate In 2022
Let us look at some of the key aspects that have aided NRI, OCI, PIO real estate investments in India. Non-Resident Indians (NRIs) who want to participate in the Indian real estate market should be aware of the rules that govern the purchase, sale, and rental income generated by a property.
Indian Real Estate Industry 2022: Will Omicron Stop The Growth?
Indian Real Estate Industry 2022 | Will Omicron Stop The Growth? – India’s real estate industry, which was heavily damaged by Covid-19, is now picking up speed and heading towards a robust recovery.
Own A Property? Get All Your Rental Income Questions Answered Here!
Buying a rental property and then renting it out to tenants will usually give you enough money to pay down the mortgage. Don’t know where to begin? We’ve got you covered, don’t worry. Let’s go over everything you should know before purchasing a rental property.
Retirement Planning Investment Strategies With Real Estate In India
Real estate is a solid retirement investment option. It helps you generate rental income
The Ultimate Guide To Retirement Planning Investment In India 2022 & Beyond
Retirement planning investment options help you to make informed decisions. Retirement planning refers to strategically investing a part of your earnings into wealth-generating assets to create a retirement corpus fund that will help you maintain your lifestyle and meet expenses.
5 Bad Asset Management Strategies To Avoid For Real Estate Investments
When it comes to real estate investments, asset management is tricky. We examine the most common strategic mistakes by real estate asset management organizations. As a result, when considering businesses to invest with, individual investors must keep an eye out for these blunders and be careful to ask the correct questions to screen potential real estate asset management firms.
