City or suburbs: Where should I invest?

Location is one of the most important factors to consider while making a real estate investment. Many people are thus confused about where to buy the property. The main debate that gets ignited every time is where to invest, suburbs or cities. Cities provide access to better facilities and opportunities. In contrast, suburbs offer a peaceful environment at affordable prices.

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When it comes to real estate, the location of the property influences its value to a great extent. For instance, the demand for properties is higher in cities, leading to an appreciation in prices. However, suburbs have better room for growth and opportunities over time. Therefore, this decision of buying a property in the city or suburbs entirely depends on your preferences.

Real estate investments in cities

Cities provide an established and modern physical and social environment. It also gives you access to better infrastructure, leading to better connectivity to other areas. Yet, you should make sure that if you are investing in cities, choose a location that is closer to schools, hospitals, shops, banks, etc.

If you can, invest in a redeveloped locality. This will help you save the repairs and other costs. In fact, there are many instances in the cities where you may have to buy a resale property. In this scenario, you should be mindful of the age of the property and thus negotiate the price.

If you want to invest in cities, but you don’t have the hefty budget, you can look for properties other than premium locations. This will keep you connected with the city while also having a good property in hand, that too on less budget.

Real estate investments in suburbs

If you are looking for long-term real estate investments, you should go for suburbs. This is because of the future economic potential that lies in the suburbs. As suburban areas are still going through infrastructural development, it has more room for property appreciation.

One of the main advantages that suburban investments carry is the affordability aspect. You will get a better property at a lower price than you will get in the city. In fact, the properties on the outskirts provide more open space and better amenities. This includes swimming pools, a clubhouse, and landscaped gardens.

Another advantage of real estate investment in suburbs is the availability of new properties. Whereas in the cities, people usually settle for resale properties.

FAQs

Where should I live in the suburbs or downtown?

If you want a fast-paced life and access to better amenities, living downtown will be the better choice for you. Whereas, if you are looking for peace and space, you should live in the suburbs.

What is the difference between suburbs and cities?

Cities are the metropolitan and commercial areas, whereas suburbs are residential localities on the periphery of a city.

What are the cons of living in a suburb?

Living in a suburb takes you longer to reach most destinations. It leads to longer travel time due to lack of connectivity and modern transport facilities.

What is the growth potential in the city and suburbs?

Suburbs have more land available for construction, making it better for expansion and property appreciation.

How do property prices compare between the city and suburbs?

Properties in the city are more expensive because of high demand and low supply. In comparison, suburban properties are more affordable due to less demand and high supply.

What should I consider while investing in real estate?

You should consider three main factors, including income, capital growth, and safety.

What is the population density of urban areas in India?

The population density of urban areas in India per sq km is 382 according to census 2011.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com

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Khushi Jha

Khushi Jha, a graduate in history and political science from the University of Delhi, doesn’t restrict herself to a single domain. Her passion for writing has led her to explore a wide spectrum of topics, ranging from fashion, health and lifestyle to technology, real estate and finance. She has written for platforms like TheVoiceOfWoman, Techsunk, Fitmist and Menskool, among others. When free, she enjoys reading books, including fiction, history and geopolitics.