The Capital is set to undergo a complete makeover by next year when the Commonwealth Games come to town. It got a plan allocation of Rs 2,435 crore in the Union Budget. Express Estates conducts a roundtable discussion on whether the Capital will be prepared with international infrastructure before the Games and whether the allocated Budget is adequate

Santhosh Kumar, CEO - Operations, Jones Lang LaSalle Meghraj:

In the limited time left for the Games, the question at this stage is not so much how much additional funds are available, but how many projects can actually be launched and completed in time. The fact is that the entire city depends on the successful handling of this event. In terms of real estate, there are a lot of hopes riding on the boost that the Games will give the sector. However, a lot more than mere property potential hinges on them. Given the facts that the Government is aware of Delhi's level of economic dependency on the Commonwealth Games and that conformity to the infrastructural parameters laid out by the Games’ planning committee is mandatory, one can assume that everything is being done to have the Games Village ready in time. Finally, however, all depends on the level of commitment adopted and the extent of implementation exercised in the relevant quarters. What can be said beyond a shadow of doubt is that the city's inability to deliver on this would spell a serious setback for the real estate sector in the Delhi region.

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