Location matters, undoubtedly. But when the most coveted location is also the one that keeps you away from the bustling city, it is the cherry on the cake. It estimates the property value and its return on investment. Location plays a pivotal role in determining the value of an apartment and its prospects. The livelihood within the community of such a location is also convenient in numerous ways. The property in a location with less city buzz and busy roads acquires more value than others. People believe that dynamic locations are more suitable to live in than others, as it provides the scope for development. They consider the future developments that are proposed by the government that will augment the lifestyle in the coming time.
The desired location includes proper social infrastructure such as educational institutions, hospitals, employment opportunities, transport networks, hotels, and recreational facilities. There is no dearth of transportation and public utilities in such locations. Moreover, the prime location offers a plethora of residential options to select from. The developing cities or the real estate micro-markets provide homebuyers with several opportunities from affordable to luxurious segments. The property rates in such markets are affordable at present owing to the developing factor, however, its rates soar high as time passes with increasing developmental aspects. The same property provides them a lucrative return on their investment, a good rental yield, and generous resale gains. Also, residing in prime locations amplifies the living standards of homebuyers.
Numerous factors make any house location stand out among others. The vibrant neighborhood, surrounding environment, etc. impacts the housing decision in a certain location. The crime rate of a specific area plays a major role in determining livability in that area. People wish to reside in an area that provides them with safety primarily. Next is comfort. A house that is located near the highway or busy transport route is less preferred by homebuyers and comprises depreciating value. Whereas, a house away from the crowded streets and busy roads, has more value and attracts homebuyers. Such a house keeps them away from surrounding disturbances and noise pollution. People now prefer to reside in a sustainable area that is surrounded by lush greenery. However, the location must be easily accessible through various transit connections. The place which is stuck with only one transit route is ignored by homebuyers, no matter the reasonable cost of the home. The surrounding utilities also play a major role as much as the internal amenities of a residential project. From basic groceries to major medical facilities, all are concerned with the homebuyers’ preferences. The availability of well-established schools and colleges is another factor that determines the desirability of any location.
After considering all the above factors, then comes the foresight of a lifestyle upgrade in a certain location. When homebuyers buy a home, they consider the upcoming infrastructural development, neighborhood growth, and future return on investments. The safety that is present today should be sustained in the next decade too. The developing infra projects give homebuyers an assurance about the rapid urbanization of the region that will provide them a well-balanced lifestyle, where there will no dearth of lifestyle facilities. These developments increase property value and promote growth. Those who want to shift again after a decade or more can gain a resale value on a property in a coveted location. Also, homes in a good location will enable better rental yields. NRIs mainly prefer the on-demand locations or augmenting micro-market that offers quality homes proving to be a good option of investment returning lucrative gains.
Accordingly, Belmac Residences and Belmac Riverside are planned and developed in the booming real estate micro-markets of the state. Belmac Residences is situated at Kalyani Nagar which boasts of good transit connections, social infrastructure, and recreational facilities. Whereas, Belmac Riverside is an artistic residential setting located in the most desired realty market of Panvel. It is surrounded by key infrastructural projects such as D B Patil International Airport, Mumbai Trans Harbour Link, metro, etc. that will put the city onto the global charts.
