Surbans Are Destination Of Choice For Millennial Homebuyers
It was only a decade ago when the urban areas became saturated and the suburbs emerged as the choice for many who wanted to invest in affordable homes or rent at cheaper rates. These areas, while they promised a property at a much cheaper rate when compared to its urban counterpart, were not well equipped when it came to civic and social infrastructure.
However, to counter this, areas are now being developed that offer a bright mix of suburban pricing and urban civic and social infrastructure. These areas are coming to be termed as “surbans”.
Surbans, a concept that has already started to come up in the US, will soon be moving to India where the distinction between urban and suburbs is stark.
So, what makes surbans a choice that millennials will opt for in the near future:
Buy and rent at affordable rates: Taking a cue from the suburban areas, the surban areas have properties on sale that are affordable when compared to their urban counterparts. For those looking for rented accommodation, you can find them at an affordable price, too.
A life away from urban areas: For those who do not want to live in a congested locality and rather prefer quieter areas, prefer outskirts of the city. While they work in the city, they prefer going back to a locality that is peaceful and much more greener and spacious. Surbans provide this without taking away some much-needed charms of an urban area.
Social infrastructure at its best: When we talk about the charm of urban areas, it is the social infrastructure of the city that lures us. Sprawling restaurants, interesting gaming zones, shopping malls, adventure parks, among others are the choice of many young millennials. Well, the suburbs might not have been able to offer this, the surbans are now being developed in such a manner that they are equipped for leisure and entertainment.
Ease of living with developed civic infrastructure: Not just the fun part, connectivity offered in urban areas has always been considered more efficient and easily available when compared to the suburbs. However, the surbans, taking a cue from this gap, will be developed to provide a civic infrastructure that does not compel the millennials to travel all the way to the city to enjoy the perks of an urban lifestyle.