Indian real estate is facing the stage of evolution
Indian real estate is now at a stage of evolution wherein integrated townships are no longer just an option but they are a dire necessity. With a number of India’s large developers now developing these futuristic mini cities, townships are rapidly becoming the most significant model of property development in the foreseeable future.
The urban living rapidly giving way to extreme turmoil and lack of civic amenities, it is definitely high time for the proliferation stage of townships in India. Indian metros invariably ‘explode’ from the centre outwards, with the inner locations becoming the focal points of heat and pressure. Therefore, urbanisation also happens with the city centre consistently receiving – and maintaining – the highest saturation of population.
Developable land in these places becomes increasingly expensive and soon unavailable. This leads to developers active in these areas to build up every square inch of their plots and selling their units at exorbitant prices. In this kind of environment, open spaces, infrastructure and overall accessibility are rapidly eroded by buildings. Also, these areas are increasingly plagued by extreme traffic congestion, shortage of parking and very high pollution. They are no developed with the objective of maximum development potential but maximum liveability potential, and this means that they also provide green and open spaces.
Source: Hindustan Times
