Townships is the new trend
Gone are the days when a house meant just that: a simple living space with basic amenities. Today, “townships” are the buzzword, among buyers as well as developers. While amenities and a secure environment are the hallmarks of a township project, you must also consider the location, size of the project and, of course, the cost.
Apartments in townships are typically priced higher than those in stand-alone projects. What more to mull over before you take the final call? Read on. The efficacy of any real estate project largely depends upon the three as: area (size), amenities and accessibility.
Townships deliver considerably on the first two. Given the size and scale of townships, they usually do not shy away from providing social infrastructure. Given the various central and state government regulations, townships need to provide a gamut of facilities such as schools, hospitals, and even recreational facilities. Most essential in this regard is that you check the track record of the developer and whether it has delivered the promised social infrastructure in other projects too.
Townships are being demanded more by the younger generation who are looking to buy a property.
Source: Mint
Apartments in townships, Developers, new trend, Social infrastructure, state government regulations, township project, Townships
