In real estate lexicon, market drivers are
developments in an area that increase the value of living there. It is a
well-established fact that infrastructure is by far, the most important driver
for real estate demand and property appreciation.
Guidelines for home buyers and investors
1) A location’s infrastructure
is a major focus area for property investors. They want to attract
end-users, either as rental or purchase clients. They know that an area
without sufficient infrastructure, will be unattractive to their clients
because the quality of living quotient is low
2) Properties in areas without
good infrastructure, tend to go for a cheaper rate. Developers with such
projects know that the area has little or nothing to show in terms of quality
of life. They can try to sell their projects by offering very attractive
rates
3) Buyers should place
infrastructure availability prominently on their checklist while scouting for
suitable homes. Road and rail connectivity, water supply, proximity of
schools, hospitals and shopping outlets, are of paramount importance
4) Infrastructure can be of
secondary importance if one is buying a property purely as a long-term
investment and primarily for capital appreciation. After all, it’s not intended
for self-use and one does not expect quick appreciation. As long as there is a
reasonable assurance that it will arrive in the foreseeable future, it
makes sense to invest in a property located in an emerging area where
infrastructure is in its nascent stages
5) However, if one is
buying the property in order to generate rental income, existing infrastructure
is far more important than upcoming infrastructure. People looking for
rental options are also looking for a certain standard of life
6) When choosing a
township, ensure that the project is located in areas supported by good
infrastructure. Most large Indian cities now have township projects coming
up
7) In Pune,
the Pimpri-Chinchwad Municipal Corporation is attracting buyers and
investors. In other parts of the country, Navi Mumbai and
the Kalyan-Dombivli and Vasai-Virar beltsin Mumbai, are becoming
important township hubs
8) In Delhi-NCR, the township
areas to look at are Ghaziabad, Faridabad and Greater Noida
9) In Bengaluru, the growth
hubs for townships are Yelahanka and Devanhalli, and in Chennai
they include Sriperumbadur, Perambur, the OMR
belt and Anna Nagar
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