Today Indian real estate scenario is
witnessing a shift in the way projects nowadays are being designed and developed
or to simply say developers desire to construct townships simply because they wish to provide
their buyers - affordability with luxury and with all necessary amenities.
Land shortage in developed regions
permits only construction of small projects or at the most a mid-sized housing
complex comprising a few multi-storied buildings with limited amenities added
to. This turns out to be an expensive proposition for a developer as land &
construction cost is high, government approvals are difficult to get, hence he
prefers not to get involved. For large integrated townships although large
parcel of lands are required, which today are only available on the outskirts
of a city, still makes sense for developers to develop because the land cost
there is less. Again because of the scale of construction; cost is less, government is in favour of developing such townships and hence permissions also come
fast.
Advantages
of living in an integrated township.
An Integrated Township can be described
as a place which has most of the essential facilities within its boundaries
such as schools, hospitals, parks, gyms, shopping centres etc. The most
important and best aspect of Integrated Township is its self-sustaining infrastructure;
water and waste management, sanitation, business centres, healthcare, good
connectivity, basic education facilities and recreation. To understand these
points a little further lets elaborate them;
Connectivity: a well-developed road network within the township as well as its connecting
to the highway and the nearest railway station is a boon for working class and
businessmen equally.
Water
management: adequate supply of treated water to meet
the everyday requirements of the residents and proper disposal of waste water with
recycling assures less dependability on municipal supplies.
Garbage
management: collection, disposal, treatment of
garbage is a must to maintain hygiene and proper ecological balance in nature,
with a dedicated collection of garbage area and disposal systems in place this
adds value in townships.
Schools: basic education should be available to
the children residing in the township this is one of the norms laid by
government, adds further to convenience of residents as they feel their kids
are just next to them when still in school.
Playground: open play areas have to be provided in townships as norms these should
be provided for the all-round and healthy development of children.
Power
supply: though the township will have to depend on
public or private power supplier, it generally has a good back-up system for
all its common areas, households and essential services like hospitals during
power breakdown.
Infrastructure
maintenance: not just providing but maintaining
good infrastructure for long term is a must and within townships its generally
seen that this is well taken care of as cost of maintenance gets divided and is
almost negligible for residents.
Healthcare: with a large population of varied age groups residing, it is very
important to have healthcare facilities that will cater to all types of medical
requirements. This is also one of the norms for integrated township.
Security: another important aspect which is taken care of is providing good
and round the clock security within the township.
Entertainment
and recreation: A spacious,
well-decorated community centre with a club house and a function hall quality
cinema or multiplex, popular games and kid entertainment facilities are
generally established within the township.
Shopping centres: well stocked
stores of groceries, fruits and vegetables, garment stores, electronic goods
stores etc. are also a part of the township, this is to meet the everyday requirements
of the residents.
There
are many more such benefits of being a part of township, these developments are
beneficial for developer as it justifies his scale of economy and for customer
it’s a place for peaceful life.
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