Ways To Measure a Suburbs Future Growth

With suburbs witnessing the majority of new plans and launches the focus of investors and lands experts has shifted from the city centre to peripheral sites. Vast improvements in connectivity and infrastructure have ensured a steady growth of capital in these regions. We take a look at some early signs that indicate a suburb’s growth potential.

Owing to serve space crunch in cities, particularly in metros, suburban regions have become the new centre of real estate planner. Availability of property, infrastructure growth and affordable prices are the key factors that have contributed to the growing admiration of suburbs.

Realising the immense potential of suburbs, leading planners acquired large parcels of property and planned modern townships and housing projects. The obvious advantage was the affordable cost of property in such regions. Due to the importance percentage of new modern in recent times is now concerned in suburban regions. In Pune, for example, regions such as Barner, waked, Wagholi and Moshi have seen tremendous growth in a short span of time. These regions have become a preferred choice for many residential purchasers.

Here are 5 planners in a suburb that should be ringing in marvellous news for real estate investors:

• Infrastructure plans: planning of infrastructure has been the prime reason for suburbs gaining importance. This has resulted in improved roads, flyovers, power supply and civic facility. A classic example is Whitefeild which has become a leading housing suburb in East Bangalore. The region is residence to a number of hospitals, hotels, schools and shopping malls in addition to the sophisticated technology parks.

• Connectivity: As connectivity enhance, distance from the city centre no longer remains a discouraging factor for prospective purchaser. In many regions, metros connectivity has become the single most important criteria for purchasing a residence. For example, the popularity of West Greater Noida in the NCR can be attributed to the extension of the metro line from Nodia to Greater Noida. While this line is currently under construction, it argues well for the region future. 

• New Launches: leading planners have launched large-scale housing projects in suburbs across various cost brackets, suburbs that are witnessing a healthy cost growth in the near future. lack of space and high land prices in cities has led planners to shift their focus and expand suburbs , says Corporate Customer Relations & Asset Class Specialist, RustomjeeKaizad,  Hateria,  GM, low cost property has enabled planners to deliver quality offerings to the purchaser at a value cost, he adds. Availability of property has also meant the projects in these regions have a lot of open leeway, which are missing in metro cities.

• Commercial Plan: Planning of commercial and retail spacers in a suburb is a clear mark of its bright future. This is because commercial and residential realestates are inter-linked. Planning of one division creates demand in the other. It is often observed that if commercial planning comes late in a residential region, the capital appreciation also takes place at a slower pace. Therefore establishment of office spaces as well as retail planned is an important parameter to assess the growth of a region.

• Job Opportunities:  Economic growth is the backbone of an region planned. A World Bank Analysis of 2013 states that suburban regions are generating higher employment that the core cities. Large chunks of manufacturing job opportunities are responsible for the movement of people from the city to the suburbs. These create residence demand, which in turn, ensures cost appreciation.