Infrastructure & Connectivity to Push Realty For any real estate region to perform and grow, infrastructure and connectivity serves as the backbone. Every resident and user thrives for a habitat which is able to meet there daily needs and, infrastructure and connectivity plays this role of fulfilling the need. For any resident, a decently developed infrastructure in the neighbourhood allows them to live a peaceful life and those who are not the residents of a region are dependent upon good connectivity to commute hassle free and meet their respective needs, which can be official commutation, recreational travelling and others. Thus, real estate sector can only succeed once there exists sound infrastructure and connectivity for its users. “History has been a witness to how well-developed infrastructure and connectivity shapes up the real estate prospects of a region. There exist a direct relation between real estate in a region and the region’s development with respect to infrastructure and connectivity. You talk about India and other countries, everyone’s real estate performance bets upon decent infrastructure and connectivity in the region to make sure that target audience is grabbed for short term which can be carried till long term as well,” explains Vivek Gupta, Director, Vardhman Estate & Developers (P) Ltd. Correct push for Residential front The main question is; what is the point of owning a house which is neither well connected nor is in proximity to vital infrastructural facilities such as schools, hospitals, education institutes and other such civic regional amenities? Therefore, connectivity and infrastructure hold a key place in shaping up residential real estate in a region. Looking into the micro factors which actually make a huge difference in one’s lifestyle, Rajesh Goyal, Vice President CREDAI-Western U.P. & MD, RG Group explains “Connectivity and quality of roads reduces the travel time between places hence increasing the approach-ability between them. Connectivity improves the social meetings with friends and families with low fuel expenses, low travel time and low distance. Travelling to workplaces also gets improved as the amount of time taken for reaching workplaces is reduced. As the time taken to travel to workplaces is reduced; hence people can enjoy their life apart from the office and spend more time with friends and families thus enhancing their lifestyle.”
Adding further, Vikas Bhasin, MD, Saya Group states “In a country with shortage of housing, the ready and purchased residential units today are either put on rent or end use. In both cases, the property being used requires a good habitat in vicinity without which, residing becomes out of question. Hence, to answer this question, good connectivity and presence of strong infrastructure are two crucial factors to meet this requirement thus highlighting there importance.” There are two ways of properly connecting a property; one, choosing an already well-connected location and other, developing the property and then waiting for connectivity to improve. But speaking off infrastructure, it will always become crucial to meet the initial and continuous footfall in a region. “Several emerging destinations across the country are unable to make an impression on the potential buyers due to the absence of proper infrastructure. A residential property buyer will always buy once the region where he’s investing has a sound infrastructure in place. This not only allows residents to receive a good habitat but at the same time, receive future capital appreciation which is only possible with developing or developed regions,’ enlightens Ashok Gupta, CMD, Ajnara India Ltd. Commenting upon how these two parameters have always acted as the backbone for the sector and will serve keep on serving in its future to come, Deepak Kapoor, President CREDAI-Western U.P. & Director, Gulshan Homz concludes “For the development of a region, infrastructure and connectivity go hand-in-hand and are of utmost significance. Without either one of them, the region can only witness growth at snail’s pace which in present time, won’t be considered suitable for development and returns. Finally, with government’s ongoing pushes like Smart Cities, AMRUT and Housing For All; it will be most crucial to ready the country with stunning infrastructure and strategic connectivity so as to provide the perfect platform for unstoppable growth of the realty sector.” Hrishi Kumar Hrishi is a young management graduate with experience in the field of branding and marketing.Currently, he is the manager at Integrated Centre for Consultancy Pvt. Ltd (ICCPL) The views expressed in this article are author´s own. Source: CommonFloor.com For Latest Updates on Real Estate Updates, Property News and Cities Infrastructure Developments Visit: http://www.commonfloor.com/guide
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