Nevertheless, buyers looking to buy township properties must study these projects from all angles. There is no doubt that townships are rapidly becoming the only feasible long-term residential options in our more populous cities. Schools, hospitals and entertainment facilities are accessible with equal ease.

Residential and commercial buildings are planned and developed in a manner that allows residents to walk or cycle to and from work, rather than having to drive or commute crippling distances each day. There are reserved open and green spaces to ensure proper circulation and natural purification of air.

In a township, all real estate and supporting infrastructure is planned with people rather than maximum development potential of available space in mind. These buildings set a definite limit to road capacity even as the intense population density results in a quantum increase in vehicle use, leading to traffic congestion, shortage of parking and untenable pollution levels. In such an environment, the 'lung space' that any city needs is quickly eroded by buildings. As a result, developers seek to utilize every square inch of the land they have bought with saleable area. In the case of Indian urbanization, areas in the city centre are always the densest in terms of population, and therefore housing demand.ĭevelopable land in these central locations becomes increasingly rare, and therefore increasingly costly to acquire.

Our cities tend to develop in the manner of an explosion, with the highest levels of heat and pressure at a central focal point. The problem is basically one of the crudest forms of land economics. In most large Indian cities, real estate development has been reactive rather than proactive, meaning that infrastructure has not stayed abreast with actual real estate development.Īs a result, the citizens of our larger cities have become victims of intense chaos and lack of civic amenities. We have entered an era of Indian real estate wherein townships have become the most important model of real estate development in the foreseeable future.

Township township definition