Are townships the new societies?

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By Rohit Sharma

The concept of creating townships is been recently developed which provides facilities like, education, shopping, Hospitals, etc. This trend is already opt by many realty players but the question arises that, Are townships the new societies?. When asked about this to real estate player’s they said.

 

Kamal Khetan, Chairman & Managing Director, Sunteck Realty

The concept of new urbanism and walk-to-work is gaining momentum in major cities of the country. This has resulted in the emergence of integrated townships that provide the sustainable living ecosystem with residential facilities and commercial spaces supported by a quality infrastructure backbone of roads, flyover etc. They not only meet the day-to-day requirements of the residential but also offer a community habitat where everything that a family needs – Entertainment centres, hospitality hubs, educational institutions, shopping malls, hospitals, gymnasiums, spa, etc – are available in the premises offering a quality living. The new trend of choosing locations closer to the workplace is growing in Metro cities. A lot of corporates are shifting their base to secondary locations offering the consumer a privilege to work at their convenience by avoiding traffic jams. The latest development in Mumbai on these lines is the Oshiwara District Centre spread across an area of 160 acres is being planned by MMRDA. The development will be similar to that of Bandra Kurla Complex and will have a mixed-use land development wherein SunteckCity is a township of approx. 23across with the right mix of residential, commercial and retail making for people to have a convenient and comfortable living.

Ashok Mohanani, Chairman EKTA World, Vice President NAREDCO West

“A township is a concept that has caught up a lot in the last few years. Township should at least have the infrastructure of education, shopping and healthcare and for this, we need a layout of around 100 acres land. Townships are a benefit for buyers as it offers basic and initial facilities within the limit of the society. Quality of life is offered at affordable prices and other amenities like gas, internet, cable,
convenience stores. Once the connectivity with the railway and roads is easily accessible, the township is officially completed. One must make certain that there exists good quality and comfortable transport systems connecting to chief business districts or nodal stations or at least the work on such projects have started and will be completed in the near future. The main problem is that there is no space left in Mumbai to build a township but it definitely is the new form of a society.”

Shaikh Raid Bin Abdullah Al Araimi, Vice Chairman, Al Raid Group

Arguably, townships are considered the new societies across today’s modern setting. Defined as a largescale project developed as a self-sustaining locality, a township facilitates cosmopolitan and contemporary living–a one-stop-shop encompassing day-to-day necessities such as schools, health care centres, office spaces, and retail stores. Almost everything is available within a township making it a perfect choice for those who are looking for an ultra-modern lifestyle and community. One of the projects Mumtaz Residence is one example of this. Designed to become an exemplary model in its class, the exclusive residence offers a wide range of essential amenities required on a daily basis to its tenants.

Samyak Jain, Director, Siddha Group

Township projects have gained tremendous momentum recently and have scope for further growth. While societies in prime locations still witness significant demand, township developments are also attracting a huge portion of the target audience who are looking for their first dream home. These are typically situated in the peripheries considering the availability of the huge land parcels
and are designed in a way to make it like a small city in itself and are equipped with educational, healthcare and leisure facilities. They are also environed by excellence infrastructure to provide a comfortable life. Township projects provide residents with not just homes, but a lifestyle at fairly reasonable rates. Samyak Jain, Director, Siddha Group





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