Investment in Townships: A Wise Decision for Higher Returns
New Delhi: With rapid urbanization leading to insufficient space in existing cities, investing in township projects in suburbs and tier II and tier III cities emerges as a smarter choice for property investment.
Key Points to Consider:
- Population Growth: Urban cities are experiencing rapid population growth, pushing residents to the suburbs and tier II and III cities.
- Master Plans: Areas under new master plans offer better investment prospects, according to Prakash S Shah, Finance & Business Development Director at Hiranandani Constructions Pvt. Ltd.
Investment Opportunities:
- Residential Sector: Investing in the residential sector, especially in township projects, is seen as a lucrative option. Commercial developments within these projects can boost property prices, offering higher returns.
- Infrastructure Development: Townships often come with planned infrastructure development, which can further elevate property values. Builders themselves may contribute to this infrastructure to raise the market value of the project.
Additional Considerations:
- Pre-launch Properties: Investing in pre-launch properties can be advantageous as payments are tied to construction milestones, and developers often offer discounts and freebies.
- Investment Factors: Investors should consider factors such as the developer's reliability, location advantages, connectivity, and potential infrastructure development to make informed investment decisions.
Conclusion:
Overall, township projects around mega cities present well-planned development opportunities. By carefully assessing all relevant factors, investors can make wise investment choices that promise higher returns.