Check out these key lo­ca­tions be­fore pur­chas­ing your home

Hindustan Times (Chandigarh) - Estates - - FRONT PAGE - Shveta Jain letters@hin­dus­tan­times.com Shveta Jain is Man­ag­ing Direc­tor, Real Es­tate Pri­vate Wealth Ser­vices, In­dia Cush­man & Wake­field

‘Real es­tate’ has al­ways been looked upon as an at­trac­tive in­vest­ment av­enue. Back home in In­dia, ow­ing a house has its own emo­tions and val­ues at­tached. Why should it not too? Var­i­ous fac­tors such as lo­ca­tion and sur­round­ings, de­sign and qual­ity, ameni­ties and fa­cil­i­ties, mar­ket dy­nam­ics, etc. make a prop­erty at­trac­tive. How­ever, lo­ca­tion as a fac­tor is piv­otal and weighs the heav­i­est amongst all fac­tors.

Con­nec­tiv­ity of a lo­ca­tion, avail­abil­ity of pub­lic trans­porta­tions, de­vel­op­ment of phys­i­cal and so­cial in­fra­struc­ture like ed­u­ca­tional in­sti­tutes, health­care fa­cil­i­ties, re­tail de­vel­op­ments are fac­tors of ut­most im­por­tance for an end-user of prop­erty.

A few key lo­ca­tions to watch out for are:

Northern Pe­riph­eral Road (NPR), Gur­gaon, Delhi-NCR

The Northern Pe­riph­eral Road (pop­u­larly known as Dwarka Ex­press­way) is a 150 me­ter wide link 18 Km stretch road. Com­mer­cial ac­tiv­i­ties here are ex­pected to gain trac­tion in Gold Course Extension, Sohna Road, Gold Course Road and NH-8 in and around this clus­ter.

This clus­ter pri­mar­ily of­fers mid to high-end dwelling op­tions from sev­eral lo­cal, re­gional and na­tional level de­vel­op­ers. This mar­ket of­fers both plot­ted de­vel­op­ments and high-rise group hous­ing projects.

Kalyan-Dom­bivli belt

The Kalyan-Dom­bivli belt (be­yond Thane) is an extension of eastern sub­urbs in the Mum­bai Met­ro­pol­i­tan Re­gion (MMR). Prox­im­ity to Navi Mum­bai and con­nec­tiv­ity to ma­jor work places along the pe­riph­eral busi­ness district of Thane-Be­la­pur Road (Airoli, Ma­hape, etc) along with well-de­vel­oped so­cial in­fra­struc­ture, this mar­ket de­mands cap­i­tal val­ues in the range of INR 3, 000 – 5,500 per sf.

In this sub-mar­ket, morethan 15,000 res­i­den­tial units are at dif­fer­ent stages of con­struc­tion mainly cater­ing to the lower and mid­dle in­come groups.

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