Why Homebuyers are Using Livability Index as a Key Factor in Their Decision-Making Process

With a constant rise in demand for 2 and 3 bhk flats in Mumbai, livability is gaining popularity among homebuyers and emerging as a new trend. But it is crucial to comprehend what the term "livability" means and why it matters. The idea encompasses sustainability, quality of life, surroundings, a place's personality, and the well-being of communities. The ability of an individual to meet present demands without compromising the capacity of future generations to meet their own needs is included in the concept of livability. 

 

The fundamental human desire for safety, scenic beauty, minimal traffic, adequate connectivity, infrastructural development, and, most significantly, a sense of community are all included in overall wellness. It is common knowledge that a person's health and happiness are greatly impacted by their home and community standards. A home is a refuge that fosters a sense of belonging, and this can be furthered when homebuyers are provided with more than they require and desire to live well without the cost becoming a barrier. Particularly in large cities like Gurgaon, where people can find refuge in 2 and 3 bhk Flats and their surrounding communities, the Livability Index becomes essential for homebuyers. Recent times have seen a rise in the prominence of places like New Gurgaon due to its livability, which has increased demand for residential units. Some of the major causes of this include: 

 

Infrastructure, Connectivity development: The city has experienced rapid infrastructure development over the past few decades, particularly in transportation and connectivity. Gurgaon boasts a well-established road network, with major highways such as the Delhi-Gurgaon Expressway and the Kundli-Manesar-Palwal Expressway passing through the city. The city is also well-connected through the Delhi Metro, with the Yellow Line extending up to HUDA City Centre in Gurgaon. In addition, Gurgaon has its own intra-city metro rail network, the Rapid Metro, which serves the city's major commercial and residential areas. The city also has a state-of-the-art international airport, the Indira Gandhi International Airport, located nearby. The city's connectivity and infrastructure development have played a significant role in attracting several global corporations to set up their operations in Gurgaon, making it one of India's most important economic hubs.

 

Opportunities for Growth- The Future of Appreciation: Gurgaon is a rapidly growing city located in the Indian state of Haryana. There are several reasons why the future scope of appreciation for Gurgaon is promising. Here are the few factors that contribute to the growth of the city:

 

Economic Growth: Gurgaon is a central hub for IT and other service-based industries, with several Fortune 500 companies setting up their offices in the city. Such large corporations' presence has helped fuel economic growth, create jobs, and attract further investment to the area.

 

Infrastructure Development: The government has invested heavily in developing infrastructure in Gurgaon, including constructing new roads, highways, and metro lines. These developments have made travelling to and from Gurgaon easier and made the city more attractive for businesses.

 

Real Estate: The real estate market in Gurgaon has seen significant growth in recent years, with many new residential and commercial projects being launched. The demand for real estate in the city is expected to remain strong, given the city's economic growth and status as a significant business hub.

 

Lifestyle: Gurgaon has also emerged as a city that offers a high quality of life, with several malls, restaurants, and entertainment options. This has made the city attractive to young professionals and families looking for a comfortable and convenient place to live. 

 

Spacious Homes with Plenty of greens: Properties such as BPTP Terra is in Sec 37D. Despite being rare in Gurgaon, big 2/3 bhk flats are offered in New Gurgaon, which appeals to homebuyers. The continuous pandemic has increased this urge because it has changed how we live, think, work, and even interact with others in social situations. Homebuyers are increasingly choosing to live close to nature because it gives relief from the core city's concrete jungle. It is one of the new livability characteristics that draw people in. BPTP Terra is such a project that offers ample greens and freshness.

As a result, these elements favour any location for homebuyers. These are the most basic demands that individuals have nowadays. Sustainable living and leading healthier lifestyles are becoming essential in today's world. These days, shoppers are better informed and aware of the value of these factors to their overall welfare.