November 14, 2017

 

Buying a property is an emotional decision for most home-buyers in the country. However, one major factor that has always assisted in the appreciation of the property value is connectivity. This enables people to move from one place to another, whether it is through road, railway, water or air. It gives them more access to facilities in and around the locality. When builders advertise their new project launches, the advertisement always boasts of amenities and the project’s connectivity to major hubs. This factor also determines the present and future valuation of the project and could give a good resale value to the seller. The buyer should always check the infrastructure development plans and connectivity to bus stops, schools, markets, hospitals and other commercial establishments, as this would help them in gauging the liveability quotient of the area.

Developers always consider transport as an important element and often construct roads and other modes of transport on their own for better and smooth transportation of its occupants. Better transportation always gives an edge to a builder's projects and attracts more home-buyers.

Transportation is a great enabler. Provided wisely and efficiently, it fosters economic prosperity; conserves and improves the environment; builds and reinforces communities; and connects people across the distances.

Housing that is affordable and suitable for various types of family units, and adequately supplied, serves an essential individual need and many community benefits too. It can stabilise and anchor neighbourhoods and whole communities. It also promotes public health and social progress in the region and increases the overall quality of life of the population.

Along the way, it has become much more clear on how transportation and housing both, work in tandem with each other.

Road transportation has expanded over a period of time. The increase in road lengths provides better connectivity across a wider geography and attracts new project launches at affordable prices. This also causes reduction in prices in urban agglomerations of houses. The length of road contraction also has a direct connection to real estate. In India, roadways carry around 90 percent of the country’s passenger traffic and around 65 percent of its shipments.

Large-scale infrastructural projects have a huge impact on the development of connecting areas. The expansion of metro lines is giving real estate a major thrust. The city’s adjoining areas are going to witness a major change with the new Metro 7 connecting Dahisar east to Andheri east.

Ghodbunder Road is very convenient for one to reach Thane from Dahisar. Metro-7 project till Dahisar will add more points in terms of liveability across Thane and Palghar districts. The project could witness expansion upto Palghar in the future and will enhance connectivity. A metro link is bound to add attractions to these regions and invite more and more investors and property seekers. The metro connectivity is also likely to boost commercial real estate in the adjoining areas such as Thane and Palghar. Once the metro starts functioning, more and more companies may situate their base on the relatively low-priced empty lands available in this area. As of now, the prices in these areas won't see any ups and downs but once the metro is operational, it may impact the prices.

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Source: content.magicbricks.com