Mixed Residential Townships : Addressing the Call of the Time

ROORKEE, India - Sept. 9, 2013 - PRLog -- Last two years have witnessed a notable transformation in the realm of the realty sector in India. Buyers have expressed interest in the reasonably priced housing section. Nevertheless, various factors have tumbled the overall progress in this domain. Such factors include mounting inflation, rising prices, sky-rocketing property rates and tight financial policies. There have also been challenges that are cascading the real estate sector. Anticipations are that the upcoming policies will take care of the loopholes.

Both the buyers and developers are finding that mixed use residential townships are turning into the best choices. As these Townships (http://roorkee.arjunkkrdevelopers.com/) comprise of Residences, retail stores and offices; all in one area; they are lucrative options for builders as well as buyers. The sources of the realty sector believe that when commercial, retail and residential edifices are built in one space; the issue of limited land areas is solved.

This developmental concept is witnessing encouraging demand that is being tapped by the developers through construction of infrastructure. This construction is meant to create industrial estates, thereby converting them into business parks of elite category along with a lot of lifestyle facilities. Such a concept is appropriate for young working families. Even if people live in a metro city, there are certain challenges such as unavailability of items of daily use, security matters and commuting to workplaces. Nonetheless, these issues are handled by a mixed use development.

When offices are located within the townships, people enjoy easy access and can avoid traversing through polluted roads, thickly populated regions and traffic jams. In addition, they are feasible economically. The reason for this is that having retail, residential and commercial complexes within the same boundary makes good sense in consideration to the socio-economic realm of working people.

It is established that such type of developments offer benefits to the three stakeholders – developers, government or the authority and the buyer. Developer(http://www.arjunkkrdevelopers.com/)is beneficiated for having scope to aim at potential buyers, government or the authority gets lessened pressure on infrastructure and the buyer enjoys the availability of shopping places, job opportunities and residence within the same area. Therefore, each one has a win-win situation.

As such mixed township projects are expanding throughout the country, Haridwar and Rookee need to be mentioned especially. Haridwar is one of the four Hindu sacred cities of the country and Roorkee houses the legendary engineering college. Along with both the places are peaceful and quiet and remain far from the hustle and bustle of daily life. At the same time, they are undergoing fast pace of progress, thus, there are promising possibilities to grab great jobs. Thereby, the cities are providing both jobs and homes to the commoners.