Top 5 Satellite Towns in India
The availability of adequate connectivity is the most essential factor that favors the growth of satellite towns.
Once simple access is established, additional factors such as infrastructure, facilities, and residential areas tend to follow. Property rates in satellite towns are cheaper than in prime regions during their early stages of development, and they rise as the satellite towns mature into prime places. The creation of satellite towns has benefited Delhi, Mumbai, and Bengaluru the most. However, there is a need to better utilize the land within cities. There is a lot of excellent quality land that is either undeveloped or underdeveloped in cities, and this has to change. Some of the most well-known Indian satellite cities for property investors are listed below.
Sonipat
While real estate prices in the NCR remain expensive, outlying towns such as Sonipat provide retail, residential, and commercial properties at far lower costs, allowing investors to profit significantly. The Kundli-Manesar-Palwal (KMP) Expressway, which provides faster access to the international airport, is another important cause for this area’s rise as a preferred real estate investment location.
Thane, Kalyan, Vasai, Palghar & Navi Mumbai
Many of the areas around Mumbai have experienced considerable expansion, with many of them establishing themselves as established businesses, IT/ITeS, and residential centers. The city borders have grown into the Mumbai Metropolitan Region (MMR), which includes Navi Mumbai, Thane, Kalyan, Ambernath, Vasai, Palghar, and other areas. As a result of this transition, enormous land parcels are being developed and turned into self-contained townships. Customers can live a better lifestyle in these townships since they offer superior amenities and facilities.
Pendurthi
The development of the Visakhapatnam-Chennai Industrial Corridor, which has been a significant growth engine in this region, boosted the real estate market in Pendurthi, a Visakhapatnam neighborhood. This infrastructure project has resulted in increased connection, electricity transmission, and delivery networks, among other things. This might drive industrial expansion even further and encourage IT businesses to establish bases in the area, opening the route for residential real estate development.
Gurugram
With the presence of several MNCs, IT businesses, and BPO organizations, Gurugram has become a sought-after business location, paving the way for luxury residential real estate that includes multiple towers. It is the first district in the country to have distributed power to all of its residents.Gurugram began as a satellite town of Delhi, but due to its great connectivity via the Delhi Metro and roads, it has grown into a premier metropolitan real estate destination. It now has neighboring areas, such as Sohna, that have become Gurugram’s satellite towns.
Kolkata-New Town
This developing satellite city of Kolkata provides commercial areas, entertainment hubs, high-end planned residential buildings, core business centers, and IT and business parks. This location will benefit from a well-developed public transportation infrastructure, which includes major arterial highways and the projected metro line that runs from Garia to Dum Dum. New Town has grown in popularity as a result of its superb planning, open areas, and state-of-the-art infrastructure, and it now has a thriving rental market.
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