While picturing a home in his mind, an urban dweller does not only go for lavish projects and modern amenities. What a customer looks for is the viability of the project as a dream home. A home where greenery soothes your eyes when you look around, a home that is close to all social facilities and a home you can proudly call your dream home. Offering everything you need for a healthy and comfortable lifestyle, integrated townships are a rising trend in the Indian Real Estate market.
What is an Integrated Township?
An integrated township is a project that encompasses all facets of a modern lifestyle within the gated complex. It integrates the residential parcel with the commercial, retail, education and entertainment facilities. Usually, a township is spread over more than 100 acres and has school, hospital, banks, ATMs and recreation areas within the complex. These projects also have ample greens. Since city outskirts and suburbs offer land at comparatively cheaper rates, most of the builders prefer to build their integrated township projects in these areas.
A life in the core of a city may be highly dynamic, but is devoid of natural greens and open spaces. Integrated townships have come up as a boon for those who want to live in a non-urban environment that is close enough to their office and other social facilities.
What is the future of integrated townships in India?
The self-sufficient integrated townships are the future of Indian real estate. Buyers now are looking for something that provides all facilities at their doorstep. As commercial developments start coming up in and around the complex, the residents have more options for adopting the ‘walk-to-work’ culture. In the upcoming metro cities like Pune, Noida and Bangalore, these projects hold much importance as they offer a better quality of living. Builders are now offering residential property in townships at more affordable rates.
Moreover, townships are also presented as a viable option for those who are looking for property investment. The residential property investors tend to go for projects that have high demands as they also yield good returns. Renowned builders like Godrej Properties, Oxford Group and ABIL have come up with their township projects in different metro cities across the country. Rising as independent little towns on the outskirts of main cities, integrated townships contribute big time to the real estate market of India.