Monday, May 9, 2011

Pump Property: Choosing The Best Site For Your Fuel Pump


Given the constant rise in fuel prices, owing a petrol/CNG station is a lucrative venture. However, what is perhaps more significant in the context of real estate, is the fact that the value of commercial, and especially residential property, located within a 2 kilometer radius of a petrol/CNG station is 35% lower than properties located further away.
Possible safety hazards(such as fumes, toxicity, and fear of explosions) are the main reasons for this; other reasons include the constant vehicular traffic at petrol/CNG stations and the sequent noise, pollution and congestion.
There are a multitude of exhaustive rules and regulations that must be adhered to when constructing a petrol/CNG station, especially with regard to safety. These rules have been mandated by The Master Plan and Environment Control Department (MP & ECD), a government body that grants approvals and issues permits relating to the construction of petrol/CNG stations.
Once built, the MP & ECD conducts a thorough inspection before the petrol/CNG station can function.
Some of the MP & EC D's bylaws regarding construction include:
1. Plot sizes should be a minimum of 600 sq yd for a CNG station, 1000 sq yd for a petrol station and 1500 sq yd for a CNG/petrol station.
2.Petrol/CNG stations must have a 10-ft wide open space surrounding the structure on all four sides.
3. Petrol/CNG stations should be built adjacent to main roads and thoroughfares, with a service lane providing easy access.
4. There can only be one filing station in a one kilometer radius. The only exception to this rule is if a petrol/CNG station is located on the opposite side of a 100 ft wide double-carriage road that has a dividing media.
5. Adequate parking space should be allotted for supply tankers.
Constructing and setting up a petrol/CNG station can cost anywhere between 3.5 million and five million rupees. This price range does not include the cost of the plot.

3 comments:

  1. Great job here. I really enjoyed what you had to say. Keep going because you definitely bring a new voice to this subject. Not many people would say what youve said and still make it interesting. Well, at least Im interested. Cant wait to see more of this from you.
    Financial Planning

    ReplyDelete
  2. Good post and straight to the point. I don't know if this is really the best place to ask but do you guys have any ideea where to employ some professional writers? Thanks
    Financial Planning

    ReplyDelete
  3. We can do link exchange and i can write post for you, if u r willing to do

    ReplyDelete