Cosmic Structure limited- Real Estate Company in India, Corporate Park developments in Noida, Buy Commercial, residential projects in Noida, greater Noida.

In cities like Delhi, Mumbai and others, your daily routine starts from home to office and then back home and the day ends there. This is because there is hardly any time or energy left to do something else. A regular person spends 2 hours to commute daily to work in rush-hour traffic and spent as much time on the journey back home. Even if he loves driving, given the traffic and related problems, he can think of hiring a driver. Still, he is frustrated by the amount of time wasted on road and at the end of the day he never gets time for himself and his family. Thus evolves the concept of integrated townships, to save people from this frustrated lifestyle. A township which has a shopping mall, multiplex, hospital, school, office and most of the necessary amenities within walking distance.

Real Estate Industry

Integrated townships have made life very easy and comfortable. Integrated township projects are slowly gathering momentum as the concept of walking to work is picking up among city dwellers. Apart from the change in family structure that is from joint family to nuclear family, growing income levels have led to a change in consumer profile. Built away from the rush and chaos of the urban hubs, many people are interested in shifting to these planned townships. They not only meet their demand of commercial and residential spaces but also improve their quality of life. Due to huge demand coupled with economies of scale, an integrated township offers all these amenities and at a relatively low and affordable price. More consumers want plethora of amenities; such as, swimming pools, clubs, landscaped gardens, 24 hours security and housekeeping, which they do not get in the urban hubs, at least not in easy proximity.

There is a marked lack of residential density in fast-growing cities such as Gurgaon, and State Governments are promoting integrated township projects by proposing the easing of development norms for such projects. The new plan of all the cities is not to expand the boundaries of their urban sprawl and provide a more holistic living environment and prevent the mushrooming of unplanned urban villages.

In the next 2-5 years most of the metros and satellite cities will experience a fairly well growth of these townships made around. With the focus of integrated townships towards creating affordable housing as well as infrastructural development, the model is a prime candidate for being granted infrastructure status. If and when this happens, it will provide access to cheaper and more established sources of funds while also providing the kind of tax benefits to developers that are needed to make this model of development more attractive to them. The Central Government has already opened the doors for External Commercial Borrowings (ECBs) in integrated township development. This provides access to cheap sources of finance and has had a positive impact on this form of development.