With several big developers in the process of building
self-sufficient townships in Delhi NCR, it will be interesting to see
how they stack up against standalone housing complexes in the coming few
years. Among the well-known developers, Wave Group, Jaypee Group and
Ansal API, have all finalised integrated township projects in the Delhi
NCR region. Among these projects are Jaypee’s JP Classic in Noida sector
134, Wave’s Wave City in Ghaziabad and Ansal API’s Sushant Megapolis in
Greater Noida.
Although whether there will be shift in the buying preference could only be known a few years down the line as multiple integrated townships near completion, it is an enticing prospect. These integrated townships are being planned in such a way that from hospitals and educational institutes, to shopping malls and health centres, all are expected to be within the four walls of the large smart-city like locality, housing residential buildings.
Listing a plus point of such townships, Ashok Gupta, Chairman and Managing Director, Ajnara India Ltd., says, “The biggest advantage is these townships will save time and effort of the residents, considering that from restaurants and hospitals, you will get everything in your vicinity.” But there is a disadvantage too, as Rupesh Gupta, Director, JM Housing, says, “All the facilities come at a price. Integrated townships require a lot of maintenance and the cost is expected to be more than that of standalone properties.”
As per UN reports on world urbanisation prospects, India is among the countries expected to witness the largest urban growth, and will add 404 million city dwellers by 2050. A lot of the country’s success is riding on the efficient management of cities such as Delhi NCR. In order to combat the growing pressure on infrastructure, new models of development like integrated townships are expected to effectively encompass growth and elevate the lifestyle of residents.
Kaizad Hateria, General Manager, Corporate Customer Relations and Asset Class Specialist, Rustomjee Group, says, “These townships are going to be a self-sufficient model with offices, schools, healthcare, outdoor and leisure facilities, hotels, retail outlets, supermarkets, restaurants and cafes at a walking distance from luxuriously serviced residences, guarded by round the clock security. They will be set in a green and serene environment, which will aid in catering to the well-being of residents.”
Pointing out some other positive factors, Hateria, adds, “The resale value in an integrated township is going to be far superior to a standalone building. Also, the townships will have systems that will effectively utilise natural resources and leave minimal imprint of development on the environment.”
Meanwhile, there is more as far as the comparison of these townships with standalone properties is concerned. Sam Chopra, RE/MAX India, says, “There will be a great range in these townships with a mix of plots, villas and independent floors in the same complex.”
Pointing out a long list of advantages, the real estate industry is certainly upbeat about the future of such townships. But the next few years will give a clearer picture on whether all this is too good to believe.
Although whether there will be shift in the buying preference could only be known a few years down the line as multiple integrated townships near completion, it is an enticing prospect. These integrated townships are being planned in such a way that from hospitals and educational institutes, to shopping malls and health centres, all are expected to be within the four walls of the large smart-city like locality, housing residential buildings.
Listing a plus point of such townships, Ashok Gupta, Chairman and Managing Director, Ajnara India Ltd., says, “The biggest advantage is these townships will save time and effort of the residents, considering that from restaurants and hospitals, you will get everything in your vicinity.” But there is a disadvantage too, as Rupesh Gupta, Director, JM Housing, says, “All the facilities come at a price. Integrated townships require a lot of maintenance and the cost is expected to be more than that of standalone properties.”
As per UN reports on world urbanisation prospects, India is among the countries expected to witness the largest urban growth, and will add 404 million city dwellers by 2050. A lot of the country’s success is riding on the efficient management of cities such as Delhi NCR. In order to combat the growing pressure on infrastructure, new models of development like integrated townships are expected to effectively encompass growth and elevate the lifestyle of residents.
Kaizad Hateria, General Manager, Corporate Customer Relations and Asset Class Specialist, Rustomjee Group, says, “These townships are going to be a self-sufficient model with offices, schools, healthcare, outdoor and leisure facilities, hotels, retail outlets, supermarkets, restaurants and cafes at a walking distance from luxuriously serviced residences, guarded by round the clock security. They will be set in a green and serene environment, which will aid in catering to the well-being of residents.”
Pointing out some other positive factors, Hateria, adds, “The resale value in an integrated township is going to be far superior to a standalone building. Also, the townships will have systems that will effectively utilise natural resources and leave minimal imprint of development on the environment.”
Meanwhile, there is more as far as the comparison of these townships with standalone properties is concerned. Sam Chopra, RE/MAX India, says, “There will be a great range in these townships with a mix of plots, villas and independent floors in the same complex.”
Pointing out a long list of advantages, the real estate industry is certainly upbeat about the future of such townships. But the next few years will give a clearer picture on whether all this is too good to believe.
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