With a fast rate of urbanization, the concept of integrated townships is becoming increasingly popular in India. Integrated townships provide an extensive range of benefits at comparatively lower cost, offering physical and social infrastructure that are not otherwise available in general real estate projects.
Spread across huge landscapes on the peripheral sections of the cities, all these mixed-used mass developments include huge volume of commercial and residential units alike.
Among the main objectives of developing these large projects include high level of self-sustainability of civic amenities and entertainment facilities that include multiplexes, restaurants, retail outlets, banks, hospitals, clubs, water and power supply etc. all within one integrated campus.
Integrated townships serve many objectives ranging from providing high- quality accommodations to huge end-user base to solve some critical urbanization challenges in India, originated from the unplanned expansion and overcrowding in recent times.
Excellent Value to the End Users
With independent development, integrated townships provide great value to the end users because all the required facilities like hospitals, schools, entertainment zones, retail outlets and other conveniences are available in close proximity.
Its self-reliant nature as per the conception of ‘a city within city’ model makes the real social infrastructure of a region superfluous because all the required facilities are available within the campus itself.
Today many potential real estate sites are suffering from the under-developed social infrastructure, which results into end user’s inconvenience. In this situation, the perception of integrated townships looks to be an efficient alternative.
Perfect Solution of Urban Challenges
Thanks to fast urbanization, a majority of cities have used lands in all central locations; therefore, extension in different peripheries is the most feasible solution for accommodating the ever growing population base.
However, these peripheral locations lack quality infrastructure. Integrated townships in this case become a potential solution as it benefits both the ends – the real estate developer and the end user. The developer gets cheap land, develops infrastructure and the users get homes with necessary infrastructure at a relatively less cost.
It sounds to be a win-win proposition for everyone – the government, the real estate developers and the property buyers.
Integrated townships – Still A Developing Concept
Despite all the acknowledgement about the need of developing more integrated townships, the concept of integrated townships is still developing and it will take more time in understanding how the future of these developments will look like.
Developing infrastructure like roads is still possible but things like electricity and water supply is something that private real estate developers are not able to do. This certainly requires authoritative intervention from the government. There are many such challenges that come in the way of integrated townships. Everything cannot be left on to private developers and there needs a sustainable public private partnership (PPP) to make it a real success.
However, the real estate fraternity is certainly upbeat regarding the prospects of townships.
Despite their drawbacks that are certainly outnumbered by these benefits, integrated townships comprise a major portion of Indian reality backdrop in the upcoming years.