Developers now offer various projects, including gated communities, standalone towers, and standalone buildings in Pune. Each type of project has advantages and disadvantages, depending on the perspectives of developers, investors, and buyers. These properties are modern, self-sufficient, and fully equipped, catering to the needs of various individuals. What was once exclusive to wealthy High Net Worth Individuals (HNIs) and Non-Resident Indians (NRIs), township projects have now become affordable to the middle class. Recognizing the availability of land parcels on the outskirts of cities, developers across the country are embracing the township model and creating small towns, including standalone buildings in Pune, to meet the growing demand.
There are numerous township projects in Pune, India. Buyers are now open to buying Residential Property solutions that allow them to reduce the impact of the city’s challenged infrastructure. These townships are, by nature, self-sufficient and self-supporting in most civic and social infrastructure aspects and are patronized by an up-market segment of property buyers.
Let us run through the benefits of buying a home in a township project
The amenities these townships offer are the greatest pull factor for buyers. From premium clubhouses to gymnasiums, play areas for kids, Outdoor Sports facilities, large open spaces for cultural activities, and many more. Townships offer open spaces, parks, gardens, and jogging tracks.
Larger townships have grocery shops, shopping markets, schools for kids, clean water supply, and provision of at least the main things. Food, shelter, and water are readily available in these areas. There is good scope for fitness and recreational activities within the township. Social functions can be arranged easily in the community hall in an apartment complex.
As an apartment complex has spacious social spaces like a club, games room, garden, and community halls where you regularly meet and interact with other like-minded residents, you can feel like you are part of an extended family.
As these are specially designed to offer better living, these areas have a good livability potential. These amenities freshen the environment and make the living area eco-friendly and more comfortable.
Townships offer better and well-planned infrastructure for their residents. The environment is made better by dividing the whole space into different sections and making sure that the overall blueprint of the society isn’t crowded or complex.
One of the main advantages of living in the township area is to enjoy a better quality of life there. The townships are well maintained and clean, houses are spacious and sufficient, and you get what you need within the premises generally. There is no botheration to venture outside for petty work.
The townships are self-managed and self-governed areas. From residential to retail, recreational, and commercial, all the areas are well-designed. Generally, there is an elected Association that takes care of the administration of the township. The administration is responsible for setting the township rules, protecting the environment here, meeting the resident’s demands, and providing them with the essentials of life.
Townships offer free and secure living. This is because of the great security and safety measures that are taken by the township’s administration. They keep a check on the visitors in a respectful and make sure no intruder gets into the areas. The CCTVs, 24/7 monitoring, and services of the security guards make the area safe to live in. The chances of robbery, burglary, and theft are reduced to a minimum, and it is made sure that every house, shop, and all the people are protected. There is round-the-clock security.
For a family with children and/or aged members, this is a boon. Even with families where the husband or the wife needs to travel frequently, the excellent security set up in a township offers better peace of mind.
One of the biggest advantages of owning a flat in a township is breathing in fresh, non-polluted air. The air, noise, and water pollution in these areas is next to zero if compared to the other areas in the city. There are proper garbage and waste disposal systems, sewage treatment, rainwater harvesting, and water resource management systems in the area.
Living in your own house calls for frequent maintenance & repair services. It has been observed that the cost of maintaining an independent house is more than that required for an apartment property, as the maintenance is taken care of by the society’s RWA in an apartment project. Because of the pooled resources in a residential complex, the cost of services reduces drastically.
Townships have well-maintained gardens, walkers’ and/or joggers’ tracks, and landscaping as part of the complex, so you and your family can relax.
Offering every amenity you need, proximity to conveniences, and better living quality is what makes these flats in townships a better investment option when it comes to ROI. These flats offer better sale prices, and rentals are good too.
Property as an asset class takes more time to resell. And the task may become a herculean one if it is an independent property. Flats within townships are now more in demand. Even Tier-II cities are witnessing such developments. If you decide to sell your property at a later stage, it would be easier to sell an apartment.
Let us now discuss the drawbacks of standalone buildings.
The popularity of Indian townships, often referred to as a city within a city or suburban areas of large cities, is on the rise, with increasing demand. In Pune, for instance, townships have emerged as a more logical choice compared to standalone buildings, as they embody the most contemporary and sustainable approach to urban development, providing an enhanced quality of life.
Additionally, standalone buildings in Pune continue to hold their appeal, catering to the specific preferences and requirements of buyers. However, townships offer a holistic and comprehensive living experience, encompassing modern amenities, self-sufficiency, and well-planned infrastructure. This integrated model of development not only addresses the housing needs of residents but also fosters a sense of community and provides more efficient utilization of resources. As a result, townships are gaining momentum as the preferred choice for individuals seeking a progressive and convenient lifestyle.
Now that you are aware of where you should be putting your money, all the best!