How To Choose An Integrated Township Best Suited For You
The concept of integrated townships is becoming popular not just in major cities like Gurgaon, Mumbai, Greater Noida but also in Tier-II cities. An integrated township is a mixed-use project comprising of residential and commercial structures, with all basic infrastructure and amenities like educational institutes, healthcare centres, retail outlets, etc. These self-sufficient townships are no longer an option but a necessity and this format is expected to drive real estate consumption in the coming years. Integrated townships are large-scale projects that usually sprawl over hundreds of acres of land. This development model is used by builders when constructing housing projects in city peripheries. These projects also help reduce the pressure on big cities where migration is much more than the availability of quality homes.
The best townships are the ones which offer all the lifestyle advantages. But how can homebuyers decide? MakaaniQ gives some tips on choosing the right integrated townships:
Developer’s track record
Undertake a detailed research of the developer as to whether past projects were completed as scheduled and customers were given possession of homes, on time. Also, make sure the developer has obtained all the required municipal and environmental clearances for the projects. Smaller projects involve less time and capital requirements, but large integrated township projects take longer time and are developed in phases. It is advisable to verify if the project is supported by sufficient funds, by a trustworthy developer.
Integrated townships are aimed at offering maximum liveability potential. This is ensured by ample availability of social amenities to provide a metropolitan living experience. Clean air, vast green spaces, wide well-lit internal roads, security system, power backup, constant water and power supply as well as drainage and sewage facilities, are must-have civic amenities in every township project. It is wise to find out beforehand if the township possesses basic amenities such as convenience stores, medical centres, recreation centres, malls and schools. Do not forget to explore the neighbourhood for upcoming infrastructure projects which will be instrumental in enhancing the market value of the area.
Also read: Top 5 Integrated Townships In Noida
Many integrated townships have started attracting organisations by providing office spaces, on cheaper leases. In case the township you are considering is close to your workplace, it would significantly curtail your travel time and expenditure. Having office or commercial spaces within a township offers the advantage of the walk-to-work option as well as enhances the investment value of a residential property in that township.
Sustainable development concepts
Developers are introducing eco-friendly features in their projects. It would be an added advantage if your township possesses green building features entailing rainwater harvesting systems, surface drainage systems, waste and water recycling systems, solar panels, energy-efficient fixtures, etc.
Connectivity and public transportation
With the government investing heavily in road, Metro and highway projects, most integrated townships in city suburbs nowadays, offer better connectivity to other parts of the city. If you rely on public transportation for commuting, make sure there are suitable facilities like buses, rickshaws, etc., available near the township. Ongoing infrastructure development in the locality will be crucial in ensuring price appreciation, in the future.