Good infrastructure beckons home buyers

In India, as in other countries, localities close to workplace areas will be preferred by people looking to buy residential properties. Therefore, projects with great connectivity by railway and road, see the highest demand for residential properties. 

Property investment is always driven by the infrastructure in and around a locality. From sufficient roads to reliable water supply and drainage, infrastructure includes all the physical characteristics which contribute towards creating sustainable communities Good roads provide better transport facilities. 

Proper planning of road, rail and public transport nodes is very important. The key factor to be kept in mind during this planning is that people do not want to too close to bus depots, railway stations, shopping areas and industries businesses.  

Reliable supply of essential utilities: Now urban homeowners are willing to spend more to get access to seamless water and electricity, and adequate security. Residential complexes that provide 24x7 water and electricity supply and round-the-clock security are far now highly favoured. 

A new location will only start attracting real demand from homebuyers if it offers appropriate measures of sanitation such as municipal road cleaning, trash removal, sewage and waste water disposal, and other related services. 

Social infrastructure: Areas with good schools in the vicinity fetch higher property rates than others. Hospitals are another component that is of critical concern for homebuyers. Recreational open spaces such as parks are also consistently in favour from city dwellers that wish to experience nature to some extent. A locality that offers water bodies, gardens, parks and playgrounds in the vicinity are considered premium. 

Developers of large integrated townships are aware of how important the availability of good social infrastructure has become. Which is why they include gardens and artificial lakes, schools, shopping and entertainment inside the project premises for their residents.The degree to which social and civic infrastructure is available in a neighbourhood dictates how successful a residential destination is today.