The neighborhood of a real estate development is a critical parameter that determines the overall popularity of the project. The location of a development significantly impacts the safety, comfort, financial future, and overall life experience of its residents. It is imperative to study the property’s location before investing, and here are some key features to look into:
Safety – This is an important factor and must be looked into closely. Crime rates in urban areas are increasing, and you must ensure that the property is located in a safe neighborhood. The locality must be one where you and your family can freely walk around, interact with neighbors, and be outdoors.
Good Connectivity – A good location is one that is accessible from other city areas and well connected to major social amenities. Access to workspaces, educational institutions, healthcare facilities, and shopping areas is vital to the comfort of you and your family. This also determines your investment value, as the farther you are from mass transit modes, the lower the property value.
Social Infrastructure – A good residential location is one that has easy access to prominent social amenities. There must be hospitals, educational institutions, and areas of shopping and leisure within close proximity to the development.
Proximity to Workspaces – Ideally, your residential property must be located within easy access to workspaces and employment hubs. There should be smooth connectivity to these so as to ease the stress of the daily commute. This will also assure you of a good rental income and a sound appreciation of the value of your investment.
Developing Neighborhood – It is important to study the developments underway in the neighborhood of choice as an indicator of its future growth. The physical infrastructure projects in progress in the neighborhood will give you an indication of the potential of the locality.
Prestige Group new launch apartment Prestige Primrose Hills at Kanakapura Road, South Bangalore.
