Wednesday 22 May 2013

Integrated Townships: Future Face Of Indian Real Estate !!


An integrated township is a cluster of residential houses and commercial businesses within a marked area. The housing and business establishments enjoy associated infrastructure like roads, drainage, schools, hospitals, convenience shopping facilities, water treatment plants, sewage facilities, etc.

Urban areas across the country are getting ever more populated and due to rapid housing expansion, it has become increasingly difficult to ensure infrastructure development in future. Under the scenario, integrated townships offer the probable solution where infrastructure development can be planned and ensured for the residents at and as well as in future.
Integrated townships are designed as models of a city – a breathing city inside a city. The emphasis is on creating a sustainable ecosystem with formidable infrastructure backed by water, power, roads, drainage and sewage. These townships usually have lower Floor Area Ratio (FAR) than other residential complexes and have more open spaces. Although 100 acre is usually the minimum required land for integrated townships, the norms are subject to change as per state regulation.

Benefits of integrated townships

The biggest dream of everyone is owning a house; with location and comfort being the determining factors in most of the cases. However, to get access to shopping facilities or entertainment hubs or medical care or even to commute to workplace remain a problem area in most of the neighbourhoods in Indian cities.
Even if you buy property in a posh locality, you may face the hurdle of walking much of a distance to reach a supermarket or a mall, or may have to drive in busy traffic to get to a hospital during emergency situation. Precisely to encounter these problems, was the idea of integrated township conceived.
Integrated townships make it possible for you to walk down to the supermarket for shopping or your kids to cycle their way up to the school and to access ancillary facilities like hospitals or entertainment centres within a short distance.
Integrated townships are the hubs offering all the avenues of modern living that a standard gated community has – swimming pools, joggers’ park, children’s’ playground, club house, etc.
Integrated townships are pegged to be the future face of real estate sector in India. While one may be able to own a house in a desired location in a metropolitan city, infrastructure development may take a long time to come by. In contrast, one can get ready access to basic infrastructure facilities like water, roads or drainage in integrated townships.
Integrated townships provide much needed security to residents, which otherwise is a big headache in any of the metros. Rapid urbanisation has posed serious concerns for metros like Mumbai, Delhi, Bangalore,Chennai & Pune and it is become harder to provide infrastructure suitable to fast paced housing development in these cities.
As the new age buyers have higher expectations of lifestyle and are well versed in global living trends, integrated townships seem to be the residential solution awaiting cities in India. They are free from ills of overburdened urban centres – limited access to emergency services, lack of adequate parking space, water and power shortage, poor infrastructure, etc. Hence, developers are coming up with more number of integrated townships not only in metros but also in tier II cities to attract home buyers.
Location holds the key for integrated townships. Integrated townships are sought to be set up near industrial estates or software/technology parks so as to be able to provide a world class home to the buyer near his/her workplace.
The government is also favouring integrated townships as they reduce the pressure on city infrastructure and urban development. FDI in to integrated townships are increasing, marking more development in future.

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