NCR - National Calamity Territory

90% of the properties in NCR (including Delhi) have a hugely (and obscenely) inflated price tag attached to them and people have bought them taking 20 year bank loans while working in BPOs, Call Centres, IT Sector and other non stable jobs. An Indian sub prime meltdown in the making? The 2 BHKs and 3 BHKs in Gurgaon, Noida, Ghaziabad and Faridabad are worth zilch ( not more than 10-12 lacs) due to the lack of basic infrastructure like power, drinking water, safe neighbourhood and usable public transport but take a look at their price tags.

There is no short term or long term solution to NCR power woes, come 2010 with the Common Wealth Games, Delhi will be brightened up 24/7 leaving the surrounding suburbs of Faridabad and Ghaziabad in darkness. Delhi doesnt have the water resources to produce its own power(hydel), neither its interested in alternative sources like solar power.