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Positives & Negatives of Buying Property near the Airport

The land incline features the nearness of air terminal close to an area will really go far in blasting capital estimations of the lodging properties in the area. With new worldwide airplane terminal coming up in Navi Mumbai, future surely appears to be encouraging for Panvel. Click here for the details… https://goo.gl/jB8VL3

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Positives & Negatives of Buying Property near the Airport

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  1. O^^€ Q Menu ▼ 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, property blog, property blogs inindia, property website blog, Real estate blog, real estate property blog, real estate property website blog,real estate website blog £ Srishti Chandola ifc Like 0 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 individual’s 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 one’s 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 India’s Housing Sector in Order?

  3. Leave a Reply Your email address will not be published. Required fields are marked * Comment Subscribe to our newsletter Want to be notified when our article is published? Enter your email address and name below to be the first to know. Send Facebook n Like Page —• GET •— ENO-TO-ENO PROPERTY SOLUTIONS Favista Real n Estate Pvt Ltd about an hour ago Get end-to-end #property solutions with #ColdwellBankerFavista Favista Real Estate Pvt Ltd 1 P Comment A Share

  4. Twitter Timeline Tweets by @FavistaRealty Recent Blogs Positives & Negatives of Buying Property near the Airport January 12, 2018 How to get India’s Housing Sector in Order?January 10, 2018 Is 2018 a Good Time to Invest in Real EstateJanuary 8, 2018 How to Earn Safe Returns on your PropertyJanuary 6, 2018 How to Design the Perfect Minimalist HomeJanuary 4, 2018 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSG Capital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estate space. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services in India. ABOUT About UsOur TeamCareerContact UsTerms Privacy PolicyDisclaimerSite Map QUICK LINKS Post Property FREEEMI CalculatorBlogs Compare ProjectsDownload Mobile APPSale PropertyRent Property CONTACT FAVISTA Toll Free - 1800 2121 000 (ALL INDIA) Gu rgaon - +91-124-3378700 Noida - +91-120-4117463 Mumbai - +91-22-40142051 Email Sales - sales@favista.comEmail Enquiry -info@favista.com

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