Living in a Township: An Integrated Advantage
Indian metros are brewing economic and opportunity hubs, this has led to unabated population migration, which has caused scarcity of resources, especially land, forcing the cities to consider integrated townships as a solution to the cities’ congestion and planned expansion. The concept of integrated township is one in which one can walk to his workplace or enjoy urban living space and leisure places, is becoming exceedingly popular and well-accepted property in most of the Indian cities.
Currently all major developers such as DLF, Tata, Vatika, Ansal API, Jaypee Group, Emaar, Omaxe, Parsvnath are developing integrated township projects in various Indian cities. In the next few years, almost all the metros and satellite cities will witness a sprout in the number of launches of integrated township projects. Many tier-2 and tier-3 cities such as Nashik, Chandigarh, Jaipur, Ambala, etc are also seeing development of such townships. Although, arriving at an exact figure is a challenging, it is quite evident that at a few hundred integrated township projects are currently at various stages of development. Ease in FDI norms in construction is also likely to promote the development in township projects.
So, What makes integrated township so Popular among the masses?
India’s growing young and affluent working population has handy disposable income and they are willing to pay extra to enjoy lifestyle options like, swimming pools, gyms, sauna, clubs, landscaped gardens, health cares facility, shopping, 24- hour power back up, and 24X7 security within a residential complex. An integrated township offers all of it under one roof. The term integrated itself means that it offers all the essentials within easy accessibility. The township option allows people to walk to their workplace, this concept is a hit among city dwellers as it allows down to cut on the traveling time and helps them to enjoy a complete living experience.
Choosing a township
Living in a township is different experience, although the consumers are flooded with several options, we will hep you to choose the best integrated township for you.
- Approval: Check if developer has all the necessary approvals from various departments as this will ensure that your investment is safe and sound.
- Background Check: Before making any , the buyers should check the past record of the developer. This is more important in the present scenario in which more and more projects are getting delayed. One can check the past record of the developer/real estate companies by visiting their already completed projects and having a discussion with the residents/property owners about their experiences and maintenance issues in their township.
Commercial Buildings: Always choose a township that has sufficient commercial buildings as it will not only offer walk-to-work option but it will also increase the investment value of your property and the possible rental income.