Is it worth to buy flat in gated community
Gated community, is it a good option?
Increased demand for luxury properties in Hyderabad ensured a slight positive year-on-year movement in average capital values at the end of the year 2021.
Backed by timely government interventions, developers had focused on completing their pending projects which resulted in these numbers at the end of the year of 2021. As expected, most new projects were clustered around IT zones or upcoming residential precincts across cities such as Bengaluru, Hyderabad and Pune, Mumbai and Pune together contributed towards nearly 50% of the total new launches in 2022.
DEFINING GATED COMMUNITIES
There are several definitions used to conceptualise the phenomenon of gated communities. While it is true that some features are context specific, it is useful to have a common understanding of what they are or what they are not, and therefore it is relevant to review their main features.
Gated communities are residential areas with restricted access in which normally public spaces are privatised. They are security developments with designated perimeters, usually walls or fences, and controlled entrances that are intended to prevent penetration by non-residents. They include new developments and older areas retrofitted with gates and fences, and they are found from the inner cities to the exurbs and from the richest neighbourhoods to the poorest.
BENEFITS OF GATED COMMUNITIES
gated communities In addition to being distant, secluded, and secure, closed condominiums are supposed to be self-contained worlds. Residents will be provided with almost everything they need so that they can avoid public life in the city. a development of multiple residences, mostly high-rises, invariably walled and with security-controlled entrances, usually occupying a large area with landscaping, and including all sorts of amenities for collective use. In the last decade they have become the preferred residence for the new generation. The enclaves tend to be socially homogeneous environments. People who choose to inhabit these spaces value living amongst selected people (considered to be of the same social group) and away from the undesired interactions.
Subjective causes:
Subjective causes of the expansion of gated communities are considered as resulting from individuals’ desires, interests, viewpoints and opportunities. There are five main subjective causes suggested in a recent research on gated communities.
(a) increased fear of crime
(b) a search for a better lifestyle
(c) desire for a sense of community
(d) a search for social homogeneity
(e) aspirations for higher social status and social distinction
within particular social groups.
Fear of crime
According to the research, this is the main driving force behind the multiplication of gated communities. Fear of crime, which refers to citizens’ perception of crime, constitutes an individual’s response to an increase in urban crime. there is not always a direct correlation between increasing crime rates and increased fear of crime.
Search for a better lifestyle
This refers not only to security, but also to better living conditions. Gated communities are considered to be in the real estate market as places different from the city where it is possible to have closer contact with nature as well as larger houses/flats and plots and access to social amenities.
Achieving a sense of community
Community ‘includes a sense of mutual responsibility, significant interaction, and cooperative spirit’. Gated community residents are interested in ‘community’, but a specific kind of community that includes protecting children and keeping out crime and strangers whilst at the same time controlling the environment and the quality of services. The ‘community’ they are searching for is a tension-free life, relaxed and free.
Search for social homogeneity
This is related to search for a sense of community. what happens when particular areas of a city suffer a change in social composition to become mixed neighbourhoods. Social homogeneity is preserved in gated communities mainly based on a socio-economic level. Some communities place implicit and explicit restrictions on ability to buy a plot; many gated community residents associations reserve the right to accept or refuse a new member.
Search for higher status and social distinction
Some move to such neighborhoods as it offers social prestige, among other ‘benefits’. Walls and security devices are not just physical elements – they also provide status and distinction. Many believe and consider living in gated communities within a group of distinction strategies such as practicing exclusive sports, having membership to selected clubs and attending exclusive schools.
CONCLUSION
it is a clear idea, that gated communities offer the possibility of achieving a greener and better lifestyle that is different from the urban lifestyle despite being located in urban areas. However, the achievement of a truly better life quality does not always happen easily: some developers who build gated communities do not possess large green areas and are located in dense urban areas. it is you who have to search for top standard options which are ideal for your family, for example, srigdha’s rising east gated community. they are a well-known infra developers who believe in delivering what they promise.