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.

Share on facebook
Share on twitter
Share on linkedin
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.

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:

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.

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

istockphoto 1312767508 612x612 1

What is National Securities Depository Limited (NSDL)

NSDL or National Securities Depository Limited is a financial institution that was established to keep securities like shares, bonds, etc in the shape of non-physical or physical certifications, that is in demat format. The securities are maintained in deposit accounts, which are similar to funds in bank accounts. It allows for quick securities transfer because ownership gets transferred merely by ledger entries. This is frequently done digitally, saving the extra time required in the previous practice of exchanging physical certificates once a deal was concluded. India’s capital market, which has been around for almost a century, has always been quite active. But, due to settlements that are based on paper, it had significant flaws such as poor delivery, prolonged transference execution, and so on.  To address these concerns, the Depositories Act 1996 was enacted and went into effect on Sept 20, 1995. This legislation mandated the Security Depositories establishment in India to manage securities.  Security is a financial asset that…

Read more
istockphoto 1176996544 612x612 1

Step-by-Step Process for Income Tax Login

Income Tax Login step-by-step process? To finish the E-filing of IT Returns, you must first successfully finish the registration procedure and connect to the IT E-filing site. You may utilize the e-filing site and a variety of services related to tax by finishing the income tax login process. The steps below will walk you through the process of finishing the income tax E-filing site login. Also, read Tax Saving via Deductions Under Section 80C 80CCC 80CCD and 80D. How To Do Income Tax Login? Step 1: Navigate to the Income Tax e-filing website. Select the “Login Here” option in the upper right-hand side of the site.   Step 2: After clicking the “Login Here” option, you will be sent to the Income Tax Login webpage.   Step 3: Also on the login screen, enter your User ID, which is your Permanent Account Number or PAN. Enter the password you created when you registered for your IT e-filing account. After you’ve…

Read more
istockphoto 1252264724 612x612 1

Everything about CSC Digital Seva Portal

CSC Digital Seva Portal is a gateway that provides info on numerous firms and electronic governance to inhabitants in remote and rural areas of India. A CSC facility’s full name is Jan Seva Kendra or Common Service Center. Common Services Centers or CSC is a network based in India that aims to transform India into a digitalized country. CSC Scheme 2.0 got started in Aug 2015 for improving accessibility to digital and technological services for citizens in remote and rural areas of India. The CSC Digital Seva Portal’s Goals Connect 2.5 lacs of Gram Panchayats in India. Citizens of India should access trustworthy and up-to-date info. In villages, all basic services are given in a single place. Deliver low-cost, services that are of high quality to average people. Governmental welfare and social assistance programs are promoted. Develop new rural jobs and promote rural entrepreneurship. Registration for the CSC Digital Seva Portal To commence the registration process, one must comply with…

Read more

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

PMVVY is an Open-ended Deferred Pension Plan. The scheme offers guaranteed return of 8% per annum for 10 years. Minimum pension amount is Rs. 1,000/ month and maximum pension amount is Rs. 10,000/ month depending on purchase price. Returns will be paid on a monthly basis. On maturity, the entire pension wealth will be paid in lump sum and no annuity will be offered thereafter by the Pension Fund Regulatory and Development Authority (PFRDA). The first installment of 5% or 50% whichever is lower is payable within 2 years from the time when account balance reaches Rs 1lakh/- which will happen after completion of 10th year under this scheme i.e before 2040s for most of us today! PMVVY is an Open-ended Deferred Pension Plan PMVVY is an open-ended deferred pension plan that provides guaranteed return of 8% per annum for 10 years. The scheme offers minimum pension amount of Rs. 1,000/ month and maximum pension amount of Rs. 10,000/ month…

Read more
EPFO KYC update for UAN

How to update KYC for EPF UAN?

KYC is being adopted by most of the government and private sector organizations for maintaining the proper records of official matters. The Indian government has already made it mandatory for employees as well as consumers to link their Aadhar card with various types of accounts and digital entities. Therefore, it is also compulsory for you to link your EPF with your Aadhar as well as other important digital documents. Don’t know how to do it? Don’t worry, we have got your back! In this article, we’ll learn how to update KYC for the EPF’s UAN and also go through the basics. Stay tuned until the end to understand it better.  What are the advantages of updating your EPF’s KYC details? A wide range of benefits can be reaped by updating the KYC on your EPF account. Some of those benefits are: You can make online withdrawal claims, which happen only after you link/seed your Aadhar with the UAN The transfer…

Read more
istockphoto 1353920585 612x612 1

EPF Form 10C – Benefits, Eligibility & Documents

EPF Form 10C is used to request a reimbursement of the employer share, the withdrawal benefit, and the scheme certificate for membership retention. An Employees’ pension fund (EPF) or Employers’ Pension Scheme is a retirement plan that EPFO enfranchises for employees working in organized sectors. Both the employer and employee contribute to EPF during a person’s employment period at that company. UAN – This unique number is assigned to each member of EPFO. It consists of 12 digits. An EPF certificate gives information about the employee’s employment, including the service period and the family members that will be able to benefit from the scheme in the event of death. Individuals can choose to continue their work after they retire from a company. You can either transfer the company to your next one or withdraw it. In case of withdrawal, the person must file EPF Form 10C.  Filling EPF Form 10C   Online and offline filings of Form 10C are possible. These…

Read more