In the hustle and bustle of city life, integrated townships make a sensible choice for buyers as they promote walk-to-work culture. Here are a few more reasons why the concept of townships is a boon for the Indian realty market -
Projects in India are now planned with precision and dynamism undergoing a favorable change. Indian developers understand that buying a home in the fringes of metro cities is possible due to affordability; however buyers face challenges with facilities related to infrastructure such as roads, schools and healthcare centers etc. Understanding the scenario, a few developers are aiming to create holistic environment beneficial townships. The presence of both residential and commercial spaces in these townships complement each other and thus help in generating healthy demand.
Fundamentally, in today’s times townships are preferred to standalone projects as they offer the buyers with a complete set of amenities in terms of commercial shops, temples, schools etc. All these facilities that are available under a single roof are available at the resident’s convenience and doorstep. In an integrated township, safety regulations are also taken care of. Keeping in mind that safety is one of the main concerns in present times, children can freely roam around the gated community.
Some of the key reasons that townships make for a better investment are -
Walk-to-work concept: Walk-to-work concept holds true in the today’s contemporary situation of high stress life cycle and the increasing rate of travel expenses. Several researches state that the office location plays a big role in boosting staff efficiency. Every person follows a vicious cycle where this element of life has a direct or indirect effect on their general well-being and happiness. Understanding the same, integrated townships promote the culture of having the office space in vicinity. There are several projects which have reportedly helped in improving the efficiency of life of its residents by offering 40-50 amenities in the complex itself.
Personal time: With the reduced travelling time, residents enjoy a stress-free life due to more time devoted to relaxation and rejuvenation. Townships offer international lifestyles which enable residents to have more personal time while staying in the center of all action.
Latest amenities: A township project offers latest amenities at a relatively low price to the buyers. Malls, gymnasiums, multiplexes, schools, hospitals and all such facilities are made available inside the township to cater to the varying needs of the buyers.
Over the next five years, majority of the metros and satellite cities will witness an increase in the launches of integrated township projects. Cities such as Bangalore, Ahmedabad, MMR region in Mumbai and Delhi NCR, which see the population from the interiors gravitating towards them, are witnessing a huge demand for townships.
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