With urban living styles changing rapidly, integrated townships have become the norm of the day. As urban areas become more and more congested, integrated townships away from the cities are becoming preferred choices. Rising metro populations in cities like Kolkata, Mumbai, Bangalore, Gurgaon has made developers realize that spaces outside the urban areas would make for good integrated townships which are both peaceful and pollution free.
With Durgapur rapidly becoming a developed area as the new airport comes up, real estate development is also growing at a similar pace. Urban spaces in a metropolitan city like Kolkata are rapidly crunching, resulting in crammed up spaces for real estate development. As development speeds up, so does nearby areas with the coming up of hospitals, schools and colleges. This is precisely why Durgapur is attracting massive real estate investments as within a time period of two to three years, the place will get a perfect urban makeover. Similar smaller places like Madhyamgram, which is near to the airport and has an upcoming proposed metro railway connectivity has also become a hotbed of real estate projects, given the pace of the development.
DLF, Tata, Ansal API and IREO already have integrated township projects in various stages of development across the major Indian cities like NCR-Delhi. HIRCO is creating similar townships in Panvel on the periphery of Mumbai, and in Chennai. Omaxe, Parsvnath, Emaar MGF, BPTP and Kumar Builders have also announced multiple integrated township projects. In Noida (NCR), developers such as Logix and Jaypee Group are developing golf-centric townships, in effect offering a value addition option to customers.
The Jain Group has realized the potential advantages of having projects in places like Durgapur and Madhyamgram and hence have come up with Dream Eco City in Durgapur and Dream Exotica and Pratham in Madhyamgram, all of which will be residential communities with lavish amenities. Siliguri, even though not a small town has attracted a lot of real estate interest in recent times and our project Dream Valley is a prime example of a five star residency, the first of its kind in Siliguri, at its best.