Positives & Negatives of Buying Property near the Airport

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Positives Negatives of Buying Property near the
Airport January 12, 2018 Real Estate
india property blog, india property website blog,
Positives Negatives of Buying Property,
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real estate website blog Srishti Chandola
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The real estate trend highlights the presence of
airport near a locality will actually go a long
way in booming capital values of the housing
properties in the neighborhood. With new
international airport coming up in Navi Mumbai,
future certainly seems promising for Panvel.
Likewise, Bandlaguda in South Hyderabad is
looking immense interest from the investors
especially for plots due to the vicinity of Rajiv
Gandhi International Airport. While areas are
close to the international airport enjoys the
preference by the buyers, others would somewhat
avoid being on the flight path. Living close to
an airport can actually mean a lot of traffic as
well as noise from aircrafts flying overhead.
Even if you think about reselling such property,
poor soundproofing of homes could prove to be the
deal breaker. Whether you are assessing similar
hoes as the permanent residence or the
investment, the factors will affect the
satisfaction with property Pros Location
Advantage A home closer to the airport can
actually be an advantage especially when the home
buyers are the frequent flier. The areas that
surround airports enjoy excellent connectivity
with city center by well-built roads,
expressways, flyovers, and highways. Also, being
linked with the city through 24x7 transport
facility, the airports proffer various employment
opportunities. For example, in Gurgaon, the
closeness to Indira Gandhi International Airport
and a shortage of the office spaces in Delhi has
led to multinationals while setting up the
offices in Gurgaon. Availability of the airport
in the vicinity to considered as a biggest medium
for national as well as international
transportation. This region attracts a huge crowd
of delegates, corporate, entrepreneurs,
non-resident Indians and high net worth
individuals to invest.
2
Good life quality
Vicinity to the airport pushes up the real estate
development in the neighborhood which basically
means the region is bound to come up as the
commercial destination, witnessing the expansion
like malls, new retail outlets, entertainment
zones, schools, hostels, and restaurants. This
makes sure the good quality in the neighborhood.
Availability of premium homes in locality anyway
guarantees the top-notch facilities and amenities
like spa, gymnasium, swimming pool and community
center within the project. Good investment
returns Over few years, airport over India has
involved infrastructure initiatives, hence
changing the high growth of zones. We know that
the sound infrastructure leads to decent capital
appreciation. This is basically apparent in case
of Bangalore, where new international airport
transformed locality of Devanahalli. Once a town
in outskirts of the city, the locality has
presently seen infrastructure developments like
special economic zone and proposed information
technology investment region. It is conferred
that Devanahalli registered the rise of 8 in
land rates. Those who invest in homes near the
airport at times enjoy rate appreciation in
future and good rental returns in
present. Cons Overpriced properties The
properties near the airport come with premium
rate tag. The investors especially high-net-worth
individuals and non-resident Indians prefer
investing in the properties near the airport
which basically means that the price index for
end-users becomes higher. In fact, it has
observed the cities with the proposed airports
looking at the development of premium homes
around the airport region. Not all, many
developers in the area demand higher maintenance
amount against the other prime location
properties. Potential threat to health The
exposure to the aircraft noise might have direct
or an indirect effect on the health of
surrounding population. Though, the developer of
the projects does not highlight the link between
the aircraft noise as well as the heart problems.
According to the studies, loud noise can actually
lead to the short-term rise in the blood
pressure. The exposure sustained to such the
noise could lead to the more alarming the risk.
In fact, the nighttime airplane noise can disturb
individuals sleep which is yet another risk
factor for the heart decease. What should the
prospective buyers do? Whether one is under the
departure or arrival path, vicinity to an airport
under a mile will have an important impact on
ones well-being. On the other hand, a mile from
the airport, property would be lower with the
slight traffic overhead. If the house is close to
the airport but not the flight path, then
evaluate How low the plane flies during
peal flight times or at night If home is
built with quality soundproofing or not Do a
proper homework on the forthcoming neighborhood
developments. The home close to the business
center can actually increase the value of the
property but being close to the physical border
of the airport would result in property decline
of the values of property as airport may decide
to add or expand the additional runways in future.
How to get Indias Housing Sector in Order?
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