INVESTING IN CITIES
When it comes to choosing a location, the consumer looks at connectivity and
availability of basic urban and social infrastructure in that area. Big cities have that
advantage. Land values are very high in many big cities. When investing in a big city,
keep a few things in mind. If you are purchasing for self use, buy in a neighbourhood
that has all the conveniences that you require and also has good accessibility to the
rest of the city. Even in premium localities, if you keep searching, you will find
properties that suit your budget. If you cannot afford the premium rates, look for a
locality on the fringes of your area of choice. This will have all the advantages of
proximity to the main locality but sport lower price tags. Also, look for property that is
being re-developed in city areas. They will be new and come with a maintenancefree
period. Older houses come cheaper but make sure you invest in refitting and
refurbishing the old plumbing and electrical lines before moving in if you want a
hassle-free stay.
If you are looking at more open spaces with modern complexes, move to growth
corridors on the suburbs and peripheries of cities. Since, they are built to suit modern
lifestyles and social facilities benchmarks are raised, you will get more add-ons such
as landscaping, cycling and jogging tracks, club houses and swimming pools and
other sports facilities. As they are at a distance from the city centre, they come with
cheaper price tags and construction linked instalment plans.
When it comes to choosing a location, the consumer looks at connectivity and
availability of basic urban and social infrastructure in that area. Big cities have that
advantage. Land values are very high in many big cities. When investing in a big city,
keep a few things in mind. If you are purchasing for self use, buy in a neighbourhood
that has all the conveniences that you require and also has good accessibility to the
rest of the city. Even in premium localities, if you keep searching, you will find
properties that suit your budget. If you cannot afford the premium rates, look for a
locality on the fringes of your area of choice. This will have all the advantages of
proximity to the main locality but sport lower price tags. Also, look for property that is
being re-developed in city areas. They will be new and come with a maintenancefree
period. Older houses come cheaper but make sure you invest in refitting and
refurbishing the old plumbing and electrical lines before moving in if you want a
hassle-free stay.
If you are looking at more open spaces with modern complexes, move to growth
corridors on the suburbs and peripheries of cities. Since, they are built to suit modern
lifestyles and social facilities benchmarks are raised, you will get more add-ons such
as landscaping, cycling and jogging tracks, club houses and swimming pools and
other sports facilities. As they are at a distance from the city centre, they come with
cheaper price tags and construction linked instalment plans.
