Is Pollution Hazardous To Real Estate Health?
The air quality of the National Capital Region (NCR) has been hovering at ‘severe pollution’ levels. Delhi has become the de facto ‘poster boy’ of urban pollution in the country and Skymet that provides weather forecasting services has identified it as the world’s most polluted city this month. However, this leading weather analysis and forecast agency also confirmed that six of the world’s 10 ‘most polluted’ cities are in India. It would be logical to assume that severe air pollution impacts a region’s overall property market. However, this is not really the case. In fact, the impact of pollution on property demand in India is almost negligible.