The face of real estate in India is changing rapidly. Earlier people only wanted to take a house in the middle of the city. He believed that if the house is not in the center of the city, then its value is low. But now the thinking is changing. The metro rail network has completely changed this thinking.
The expansion of the metro has also popularized areas that were previously considered to be on the edges of the city. Now the same places are known as metro-connected micro markets. These places have become the new face of real estate investment today.
What are Metro-connected Micro Markets?
Metro-connected micro markets are areas that are near or connected to a metro station. When the metro is connected to an area, that place suddenly comes into the public eye. Homebuyers think that if the metro is nearby, there will be no problem in commuting. Jobless people, students, and the elderly - the metro is a big relief for everyone.
According to real estate experts, the prices of properties near metro stations are increasing continuously. It is also a beneficial deal for renters as tenants prefer such areas. That is, these markets are the best options in terms of both living and earning.
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Advantages of Metro Connected Areas
There are many advantages of buying property in metro areas.
Improved connectivity
The metro extends in all directions. This makes it easy to reach any corner of the city. Whether it is an office, school, hospital or mall - the journey to everything is fast and easy.
Saving time
There is no problem of getting stuck in traffic while traveling by metro. People can now reach their destination on time. This is a big relief for the workers.
Safe and comfortable travel.
Cleanliness, safety and comfort are taken care of in metro trains. Women, children and the elderly can also travel comfortably.
Rising property prices.
In areas where the metro line reaches, the value of the property automatically increases. This is a golden opportunity for investors.
Good rental income.
The rents of houses near metro stations are higher than in other areas. The owners get a good income every month.
The Growing Infrastructure Around the Metro
When a metro is built in a range, the framework around it as well creates rapidly. Roads are repaired, cutting edge shopping complexes are built, schools and hospitals are opened. People are getting all the facilities.
These changes not only increase property prices but also improve the quality of life. People like to live in such areas because every facility is available there. Transportation, education, health, and entertainment all take place nearby.
Benefits of Investing
Metro-connected micro markets have now become the new destination for investors. Earlier, investors used to focus only on the Central City, but now they know that the prices of the areas near the metro line will increase further in the future.
It is still cheaper to buy property in these areas than in places far from the metro. After the metro is fully ready, the prices increase manifold. The demand for rent continues unabated. It is also easier to sell or rent a property. Therefore, it is a safe and profitable option for those who want to invest for the long term.
Read Also: Andhra Pradesh Builds 15 Lakh New Houses Under YSR Plan
Which Cities are Ahead In This Trend?
Many big cities of India are moving fast in terms of metro connectivity.
Delhi NCR
The Delhi Metro has totally changed the city. Noida, Gurugram, Faridabad and Ghaziabad are among the cities where Metro services have been revamped. Both property costs and rents have risen strongly in these areas.
Mumbai
New Delhi: Metro rail work is going on at a quick pace in Mumbai. The property showcase in ranges like Andheri, Dahisar and Ghatkopar is more active than some time recently.
Bangalore
The Bengaluru Metro has also connected many parts of the city. Areas like Whitefield and Electronic City have now become the first choice of investors.
Hyderabad and Pune
In both these cities, the metro has given a new direction to real estate. People's interest in new housing projects built near metro lines is increasing.
Prospects for the future
In the coming years, the metro network will expand to more cities. This means that new micro markets will emerge and the value of the old ones will increase further. The government is also emphasizing on these projects as it reduces traffic and also prevents pollution.
Real estate developers are now planning their projects keeping in mind that there is a metro nearby. That is, in the coming time, "Metro connectivity" will become the biggest deciding factor in real estate.
The conclusion
Metro-connected micro markets are not just a trend, but the future of real estate. These areas are not only economical but also provide all the facilities of modern life. Those who invest here in the coming time will definitely get good returns.
If you are also looking for a house or a place to invest, then definitely pay attention to the areas connected to the metro. It's not just life here. The value of your property will also increase year by year.
