rate of urbanisation. Massive growth in population is one of the pressing issues faced by these cities. Population growth in metro cities like Delhi, Mumbai and Bangalore have reached alarming proportions that they can be said to be brimming to the rim. Availability of job opportunities and better living conditions has led to an influx of migrants from different parts of the country. This has resulted in cities reaching a saturation point in terms of available developable space. This paucity of space has led to developable land selling at exorbitant prices leading to buyers rethinking their property buying plans. City planners, on the other hand, have to come up with solutions where they have to strike a balance between infrastructure development as well as approval of residential areas, within the available developable area in the city.
Impact on Realty
Development of Satellite cities allures well for realty growth in and around such cities. Besides being in the vicinity of major cities they also provide most of the conveniences and facilities that major cities provide. Satellite cities are developed based on the integrated township model providing residents easy access to all comforts and infrastructure facilities that they would experience in major cities. It is a relatively new concept of urbanisation in India and has gained prominence across all major cities. Besides decongestion of the main city, satellite cities serve a larger purpose. It provides citizens working in the main city a feasible option for availing of affordable housing options. Moreover, by itself, a Satellite city provides its residents with job opportunities, infrastructure facilities as well as commercial and residential spaces.
Major Satellite Cities in India
There are many renowned Satellite cities in India which have gained prominence due to their infrastructure development and the potential to attract realty growth. Prominent satellite cities near Delhi are Gurgaon, Noida, Ghaziabad and Faridabad. Mumbai also some renowned satellite cities like Navi Mumbai, Dombivli and Thane. Important satellite cities in Chennai are Kanchipuram, Mamallapuram, Sriperumbudur and Tiruvallur, among others. In Bangalore also there are a few prominent satellite townships like Kengeri and Yelahanka. Hitech City in Hyderabad, Salt Lake City in Kolkata, Pimpri-Chinchwad in Pune and Mohali in Chandigarh are other renowned satellite cities.
Advantages of Satellite Cities
There are various advantages that Satellite cities offers more than being just being mixed-use realty developments. Besides providing its residents with superior quality of living in the form of road connectivity, electricity, water, drainage and other important amenities, it also enables to propel the local economy. It leads to appreciation in prices of land and residential property in and around the Satellite city. For residents in the main city who wish to escape from the stress, pollution and hassles of city life, it provides them with a viable alternative. Transport infrastructure developed in Satellite cities not only provides its residents easy accessibility but also enables to decongest traffic in the main city. Moreover, Satellite cities provides a scientific balance between the population and the resources needed by them leading to environment-friendly and sustainable development.
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Answer:
rate of urbanisation. Massive growth in population is one of the pressing issues faced by these cities. Population growth in metro cities like Delhi, Mumbai and Bangalore have reached alarming proportions that they can be said to be brimming to the rim. Availability of job opportunities and better living conditions has led to an influx of migrants from different parts of the country. This has resulted in cities reaching a saturation point in terms of available developable space. This paucity of space has led to developable land selling at exorbitant prices leading to buyers rethinking their property buying plans. City planners, on the other hand, have to come up with solutions where they have to strike a balance between infrastructure development as well as approval of residential areas, within the available developable area in the city.
Impact on Realty
Development of Satellite cities allures well for realty growth in and around such cities. Besides being in the vicinity of major cities they also provide most of the conveniences and facilities that major cities provide. Satellite cities are developed based on the integrated township model providing residents easy access to all comforts and infrastructure facilities that they would experience in major cities. It is a relatively new concept of urbanisation in India and has gained prominence across all major cities. Besides decongestion of the main city, satellite cities serve a larger purpose. It provides citizens working in the main city a feasible option for availing of affordable housing options. Moreover, by itself, a Satellite city provides its residents with job opportunities, infrastructure facilities as well as commercial and residential spaces.
Major Satellite Cities in India
There are many renowned Satellite cities in India which have gained prominence due to their infrastructure development and the potential to attract realty growth. Prominent satellite cities near Delhi are Gurgaon, Noida, Ghaziabad and Faridabad. Mumbai also some renowned satellite cities like Navi Mumbai, Dombivli and Thane. Important satellite cities in Chennai are Kanchipuram, Mamallapuram, Sriperumbudur and Tiruvallur, among others. In Bangalore also there are a few prominent satellite townships like Kengeri and Yelahanka. Hitech City in Hyderabad, Salt Lake City in Kolkata, Pimpri-Chinchwad in Pune and Mohali in Chandigarh are other renowned satellite cities.
Advantages of Satellite Cities
There are various advantages that Satellite cities offers more than being just being mixed-use realty developments. Besides providing its residents with superior quality of living in the form of road connectivity, electricity, water, drainage and other important amenities, it also enables to propel the local economy. It leads to appreciation in prices of land and residential property in and around the Satellite city. For residents in the main city who wish to escape from the stress, pollution and hassles of city life, it provides them with a viable alternative. Transport infrastructure developed in Satellite cities not only provides its residents easy accessibility but also enables to decongest traffic in the main city. Moreover, Satellite cities provides a scientific balance between the population and the resources needed by them leading to environment-friendly and sustainable development.