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Impact of Oil price on real estate development May 21, 2008

Posted by Bipin Agarwal in Real Estate Development in Global Economy.

Oil price to reach 200 dollar per barrel according to Goldman Scahs? Is this good news for world?

I think it creates great opportunity for re-aligning the real estate development. Future real estate development should happen where people do not use personal transport for daily needs and are able to walk to work and other amenities reducing use of oil. Our study shows that if a micro city was created with 20000 residence and place to work with other facilities, it will save 250 million liter of oil over 20 years.

That is the oil we will not burn, reduce the carbon and save lot of money for the people. There will be significant saving in the infrastructure cost development for government.

For more info visit http://www.redhawkinvestments.com

Bipin Agarwal


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