How Location Impacts the Value of Residential Properties
Location plays a fundamental role in adding value to properties. In metropolitan cities like Kolkata, urban expansion coupled with cultural legacy provides ample opportunities for investors and homeowners alike. For example, prestigious addresses are offered by luxury residential projects like The Royal Ganges, which is built on the affordable property values and proximity to amenities of its namesake river.
Let’s get to know the importance of location in real estate, define property value and provide reasons why certain neighbourhoods and homes are deemed more valuable.
Scenic Views and Natural Features
Properties with natural assets, such as riverfront, often obtain significant demand from buyers and investors. The residential project of The Royal Ganges by Srijan Realty in Kolkata boosts the lifestyle of people by offering tranquillity and panoramic views that lead to enhanced market value.
Easy Commute and Connectivity
Be they are home buyers or real estate investors, people always look for an easy commute and connectivity in their residential areas. For example, convenient accessibility to highways, metro stations, and airports always helps in increasing the demand and price of luxury residential projects in Kolkata.
If you are in search of such property, The Royal Ganges is the right place that can benefit you with amazing connectivity to IT hubs, schools, hospitals, institutions, shopping malls and airports without much hassle.
Environment and Community
The location of the properties depends on the neighbourhood, community, and safety also helps to gain the attention of the potential buyers. In other words, neighbours with low crime rates, green spaces and a culturally vibrant community help to maintain a proper living standard in a society, which is sought by every buyer.
Other than premium amenities and connectivity, The Royal Ganges also offers serene living with lush green gardens, automated smart homes, gated environment for families.
What is Offered by The Royal Ganges
The Royal Ganges, developed by Srijan Realty, has a span of 39 lakh sq ft in Kolkata, offering duplexes, apartments and bungalows that successfully maintain a cultural lifestyle.
- This residential project is dedicated to presenting fast ferry services, a jetty and in-house AC shuttle arrangements to the nearest Taratala metro in Kolkata.
- You can experience a wide range of amenities such as a swimming pool, an indoor games zone, landscaped gardens, a fitness centre, and community halls to elevate the living standard of the residents.
- The location of The Royal Ganges reflects premium connectivity, which has increased the value of such residential projects in the real estate market.
Final Thoughts
For any house, location is the most important aspect. It can be near essential services, but for the Ganges view for nature lovers, the riverfront adds a distinct appeal with transport access. Hence, from the above brief discussion, it can be validated that every element of a property’s location determines its price.
It’s remarkable how The Royal Ganges’ luxurious status is not diminished by its placement in Kolkata, as it seamlessly adds value through strategic placement and maintained connectivity.
FAQs
- Does a location influence the value of reselling a property?
Yes, if the location has good connectivity, is equipped with top amenities, investing in such properties leads to an increase in the price during the resale of the same property in future.
- Why invest in the residential projects of The Royal Ganges in Kolkata?
Investing in a residential property like The Royal Ganges is going to be profitable because of the prime location, upscale amenities, enhanced infrastructure and seamless connectivity.
- Does connectivity to metro lines affect the property prices?
Absolutely, having connectivity to nearby metro lines increases the property value by 10 to 25% annually.
- Is investing in a river-facing apartment worth it?
Yes, river-facing apartments present a premium lifestyle due to aesthetic balcony views and advanced facilities.
- How does the value of residential projects change due to future developments?
The change of zones, upcoming infrastructure, including commercial developments, impacts the value of residential projects significantly. Positive changes lead to a rise in demand and value of the properties, which also assures long-term capital investment for reselling purposes.