By setting up an electric car park, new apartments can see prices fall between 2% and 5%.
Appreciation for the cost of the financial group, with the establishment of the Electric Vehicle (EV) laundry, is expected to be anywhere between 2% and 5% in newly built houses and more than 1% in existing homes.
According to JLL, EV business will grow at a CAGR of more than 40% by 2030 based on the latest government policies and the volume of EV imports. This will increase the need for EV space in the home, and thus the need for such space. It is expected that the establishment of EV facilities in existing homes will increase significantly by 2026.
Impact on realty
Depending on the type of home, these regenerative projects will have a significant impact on the customer’s accommodation costs and will also help make better use of space and housing. Currently, the owners are setting up stations with the help of residential service providers.
In many other major cases, residential corporations have taken over the project, set up the site, and also received funding from users at a fixed rate. However, in the future, all of these new improvements will have 5% car parking space reserved for common cash. “There will be less than 1% of the cost of real estate redevelopment. This is due to the difficulties associated with the high cost of installing large apartment / multi-storey units and low electricity capacity. and IoT tools, so internet access and connectivity should also be provided, “says A Shankar, Head – Strategic Consulting and Valuation Advisory, India, JLL.
In the short term, in areas where the need for more than 60% of people with EVs, the cost can increase to 2% -5%, especially in green spaces.
Shankar adds that the increase in the number of EVs in India was due to overcrowding, the availability of government incentives and the fact that a large proportion of the population is moving towards sustainable living. These factors, he says, will help developers over time.
In the business sector
In office markets, homeowners may be able to make a living by renting, renting property to paid providers, or earning a living through regular cash distribution. However, the problem is the lack of empty parking spaces. A limited number of available parking spaces will be stored at the offices. Public EV EVs have also provided requirements for vehicle maintenance and delivery.
Parking stations at Metro stations and parking lots are also being upgraded to achieve this. Many oil fields are being added to the site. The government will make payments and lease them to the user or lease the facility to a long-term care provider.
It is estimated that this will lead to a greater need for space and space, to establish more and more real estate classes and ultimately mandate that space be provided that does not provide such facilities.
With the aim of advancing e-mobility reforms, the government launched the National Electric Mission Mobility Plan 2020 and adopted the ₹ 8.95 billion Faster Adoption and Manufacturing of Hybrid and EV (FAME) in 2015, which provided assistance to two electric wheels like scooters, three electric wheels and e-cars. Under Phase II of the FAME Scheme which was established in 2019, ₹ 8597 crore was approved for incentives and ₹ 1,000 crore has been allocated for the production of payment instruments.
EV plans have been implemented in 14 states (Andhra Pradesh, Bihar, Delhi, Gujarat, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, Orissa and Uttarakhand) and in preparation for four regions (Chandigarh, Haryana, Assam, Himachal Pradesh).
As the world moves towards sustainable and increasingly powerful in all aspects of life, EVs are seen as the future of the automotive industry. With additional incentives and policy support from the government, the demand for EVs will increase.