Is location an important factor in property buying?

Buying a property has always been a very crucial decision in anyone’s life, be it a common man or an individual from the upper class in society. While buying, numerous factors control the decision of buying any property. One of the factors in the location of the property.

Now, consider the city of Nashik. The city that was once a very calm and sedate destination, known for “holidaying/ destination for vacations and pleasant climatic conditions”, is now emerging as an IT hub in the northern Maharashtra. The developments in education, information & technology , real estate and manufacturing industry speak volumes about the pace with which the city is growing in overall infrastructure.

Now, speaking of one of the vital factors in property buying, i.e. the location of the property, the property rates and prices are defined on the basis of the location of the property. Thus, it makes the location factor even more crucial as it takes into consideration the facilities that come with the locality in which the property is located. Each society has different price trends which vary based on the facilities and level of infrastructure available for the convenience of the residents in that particular locality.

So, if you are planning to buy a property, consider the location of the property and the neighbourhoods of the society so as to ensure you invest your hard earned money in features and facilities that add to your conveniences and be an unnecessary investment.

In Nashik, locations such as College Road, Gangapur Road, Panchavati, etc. are some of the prime localities that have premium properties at prices that are higher than that of properties in developing areas like Indira Nagar. Hence, other than the features and modern amenities & specifications that come with the property, the property prices also depend on the localities the properties are situated in.

Hence, if you plan to buy a property in future or are planning to buy one, ensure the amount you are investing in that property is worth and also, that the property is located in a good location.