Satellite Cities -The New Investment Mantra.......!!! Real estate developers in many cities like Pune, Mumbai and Bangalore are now coming up with an entirely new solution – the creation of entirely new satellite mega-cities.The recently launched PRIDE WORLD CITY in Pune’s new suburb of Charholi is one of the most prominent examples of how home buyers as well as businesses can derive all the advantages of the main city without having to face the associated challenges. It takes roughly around 18 to 36 months to build a high-rise, but this period can vary according to who the developer’s funding flow, who the architect, building contractor and structural consultant are, and on local development and environmental clearances laws. Interestingly, we have seen high-rise buildings come in Dubai within 6-10 months. Rapid urbanization has thrown up many complicated challenges for home owners as well as city planners. While most of the debate tends to revolve around how to improve living conditions in the core urban areas, real estate developers in many cities like Pune, Mumbai and Bangalore are now coming up with an entirely new solution –the creation of entirely new satellite mega-cities. These satellite cities, which are based on the integrated township model but on a much larger scale, offer urban dwellers the possibility of living in an environment of tailored infrastructure and with a vastly increased comfort and convenience quotient. Rapid urbanization has thrown up many complicated challenges for home owners as well as city planners. While most of the debate tends to revolve around how to improve living conditions in the core urban areas, real estate developers in many cities like Pune, Mumbai and Bangalore are now coming up with an entirely new solution –the creation of entirely new satellite mega-cities. These satellite cities, which are based on the integrated township model but on a much larger scale, offer urban dwellers the possibility of living in an environment of tailored infrastructure and with a vastly increased comfort and convenience quotient. What is a Satellite City? A satellite city is a novel concept of urbanization - a huge planned, fully incorporated, function-built new precinct near a bigger city. Satellite cities serve a larger purpose than merely offering citizens a completely new residential deal – because of their size and scope, which encompasses everything required to make a new urban area work, they also provide a brand new direction into which the parent city can expand and be populated. When a satellite city takes the shape of a mega-township, the new precinct thus formed performs all the functions of the larger city – it offers residential spaces, commercial spaces and retail establishments. However, unlike in the primary city, all this development takes place in an environment where in infrastructure is controlled by the township developer rather than being at the mercy of multiple municipal agencies. Mega-townships acting as new satellite cities are highly organized and to a very large extent self-contained. Though they maintain all vital linkages with the parent city, they are enclosed and controlled within their own perimeters. . Benefits of Satellite Cities…. Mega townships conceived and developed as satellite cities rather than just large mixed-use real estate developments significantly boost the local economy. Not only do they create a new lifestyle for residents, but also give rise to completely new business catchments for a city. Highly-investment-conducive-real-estate-profile….. Investment properties in satellite city-scaled mega townships offer several attractive advantages: Focused-Appreciation-Drivers…. High Aspirational Quotients…. The Infrastructure Factor…... Superior Lifestyle….... Enhanced Security…. Environmental Integrity…..
Posted on: Tue, 02 Dec 2014 09:59:16 +0000
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