Have you have noticed the large, well-maintained Daewoo buses entering DHA Phase V one after the other? Are you wondering what they are doing in that area when you usually just saw them near Kalma Chowk? Well, we’ve got news for you … Daewoo has opened a new bus terminal in Phase V! As this is the first Daewoo terminal in a residential locality, it may have several implications for the area, especially for this particular phase.
Let’s imagine a day in the life of a traveler who resides in DHA, Sui Gas Society, or Punjab Cooperative Housing Society. If there was no new terminal, they would gobble down breakfast or lunch at least two hours before the departure time, climb into a car or rickshaw to get to Kalma Chowk, battle crazy traffic and loud honks on the way, all the while praying continuously to not miss the bus. Having narrowly missed four accidents and looking severely harassed, they would climb into the bus, not nearly as excited for the journey ahead as they should be.
Now, on the other hand, the traveler simply has to leave the comfort of his home a mere 30 minutes before the bus departure time. There’s not much traffic to face in Phase V and getting to the terminal is a breeze. Voila, life changed! Sounds awesome, doesn’t it?
While this terminal definitely translates to much more convenience for travelers who live in DHA and other societies close by, it also has other implications. The impact is two-fold and differs for residential and commercial properties in the vicinity.
Impact on residential property
How would you like a constant flow of buses noisily entering your residential area? How would you feel about the unending stream of passengers, or of people either picking up or dropping off loved ones, around your home?
Although the terminal is located on the commercial end of Phase V, the residential area is not far away and Daewoo buses have to pass by it in order to get to the terminal. Thus, the scenario described above may very well be the sentiment shared by residents who live close by. Needless to say, they’re probably not that excited about the noise pollution and increased traffic.
In this regard, the Daewoo terminal may have a somewhat negative impact on the residential property prices in the vicinity.
Impact on commercial property
However, there is always a plus side to the equation – commercial property rates may escalate in Phase V as the Daewoo terminal can provide businesses here more exposure and greater reach. Additionally, it may also create a need for more businesses, such as restaurants, gift shops, or any other stores that cater to the needs of travelers.
We know already that Phase V is a lucrative area ripe with investment potential. The effects of this unique addition are yet to be seen, but we are hopeful that the positive points will greatly outweigh the negative points.
So, do you think bus terminals are a good addition to a residential society? Why or why not? Let me know in the comments below.
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Modern means of transport should not be taken as nuisance to the environment or community, rather taken as a part of development. New buses as long as being well maintained per the international norms of standard practices and stringent checks are done on regular intervals, pose no harm to communities around.
These would certainly add to the beauty of the roads and localities apart from providing a cheap and safe transport to the relevant people.
I opine that prices of properties would appreciate or at least remain unaffected because of the situation.
There are atleast 3-4 schools located adjacent to the terminal. This terminal has now has become potentially a major security risk. Should be relocated.
Not a good idea. 🙁
They should replace it with some shuttle vans. So that there will be less congestion on roads.