Summary:
In Bhopal, despite excellent air quality and abundant parks, property prices remain low because the economy drives real estate values rather than environmental factors, unlike in Delhi.
In my experience, the influence of economic factors on property prices is more dominant than environmental quality. Even in areas like Bhopal with good air quality and greenery, economic stability and prospects are the primary drivers for home buyers. Local job opportunities, infrastructure, and market sentiment tend to outweigh benefits derived from environmental attributes. This observation is similar to what is seen in other parts of India, where robust economic activity often compensates for environmental shortcomings in determining real estate values.