Advantages of Buying a Property in a Small Town in India

Buying a property is a matter of immense pride and fulfilment for most Indians. We are a very old school country when it comes to property. We believe that it is always better to have a place of our own instead of renting one. People save up their entire lives or pick up mortgages that go on for years to live in a house of their own. But buying a property in one of the metros is becoming out of reach due to saturation in residential property and skyrocketing prices. However, with the launch of Pradhan Mantri Awas Yojna, this dream is closer to becoming a reality for millions of people who otherwise would have found it difficult to pay the interest rates or afford property. PMAY benefits people from lower income groups and weaker sections of the society to own one 2BHK for sale. Let us see the reasons why you must seriously consider buying a property in Nano City.  

Great government initiatives

Indian government has recognised the gap in the residential market when it comes to smaller flats. There weren’t too many 2 or 1BHK for sale easily available earlier. But, with the introduction of government schemes like Smart Cities, Housing for all mission and PMAY, builders are being encouraged to invest in small apartments. Government has planned many small sustainable cities. There are a lot of property in Ambernath and Badlapur that are made keeping the environment in mind. 

Improved job opportunities

The government has taken many steps to ensure that the job opportunities in small towns in sectors like IT, Financial Services and consumer goods come to par with the bigger towns. Also, the cost of setting up an industry in a smaller town is much lesser. And every time an industry is set up, it generates employment for a lot of people in the surrounding areas. 

Great Infrastructure

One of the big advantages of moving to a planned city is the state-of-the-art infrastructure. There is enough space available for everyone. Everything from education institutes to hospitals to shopping areas are developed in a planned manner. Since India’s big cities grew rapidly post-independence, they were not afforded the same luxury. Cities like Chandigarh and Greater Noida are shining examples of how a planned city can drastically improve your standard of living. And new developing cities like Ambernath and Badlapur are heading in the same direction. To see all the local property listings in your city, check out Best Prop Deal. 

Low cost of living

You can live in relative luxury in small towns as compared to bigger towns. The cost of living is low and this allows you to have more expendable income. You will have more money available to you for savings or buying things that you may not have been able to, if you were living in a metro. 

This is the time to invest

Big cities like Mumbai and Delhi have reached a saturation point when it comes to the price of the property. This means apart from inflation, there will be no changes in the price of the property. But that is not true for small cities. Since these cities are still being developed, there is great value to be found in the property market. The price of your property is likely to soar at a faster rate in a smaller town as compared to a big city. Log on to bestpropdeal.com to get your dream home.