‘GUJARAT REALTY IS ON THE RIGHT TRACK’
Vallabhbhai G. Kakadiya, Ex Minister of Transport (State independent Charge) & BJP MLA
The meeting with Mr Kakadiya in his Ahmedabad office last month, turned into an engaging conversation on infrastructure, real estate and the needs of people in the semi-urban areas. A Member of Legislative assembly from Thakkar bapa Nagar constituency in Ahmedabad District, he feels that central government’s upbeat focus on infrastructure and providing connectivity in the long run, will help raise the economy across the country and also bring in fold the marginalized sections of the society. The biggest need in his constituency for example, he elaborated was Housing. “The residents mostly make their own houses and for them, the current government subsidy scheme under ‘Housing for All’ has come as a great help for these people, he said. Kakadiya a veteran political leader in touch with the ground realities, talking about the controversial BRTS, is a bus rapid transit system in Ahmedabad, said that it had succeeded in offering a low-cost option for transportation to lower income groups. He added, “The number of poor people using BRTS is gradually increasing as most of the BRTS bus stops have been set up within 500m of low-income housing and slums. The challenge is to encourage more number of affluent people to use public transport. While, he contends that the Gujarat road infrastructure development is one of the best, he agrees that more needs to be done to connect the rural and semi urban areas, with the major cities of the state to enable equitable development of the citizens of the state.
Kakadiya is also been associated with real estate development and strongly believes that real estate and infrastructure development are directly correlated. He feels that to be successful in the business of realty trust is the key. Also, the knack of identifying the potential of a piece of land or surrounding area is very important for a real estate developer. Constructing a project as per the future needs of that particular region will make the development successful. In the same context, building affordable housing within the city and adjoining semi urban areas, can be a profitable business proposition for the developers.
“Low cost housing is the need of the country. The reasonably cheaper lands at outskirts of the city can be utilized for providing affordable housing. The government of Gujarat is already constructing infrastructure to connect cities adjoining semi urban areas and thereby creating larger pool of land for real estate development. State government has also initiated efforts to introduce transport services through private sector participation in second level of cities and towns to provide adequate connectivity.”
i belong to a generation, where keeping one’s word was infallible and people would finalize deals on mere verbal promises. Today, business is driven by systems and processes, but the trust factor will always remain constant for any business and more so for real-estate.
Vallabhbhai G. Kakadiya