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    Disclaimer: “Aaradhya OnePark” (“Project”) is being developed by MICL Creators LLP (“Promoter”) and is registered by the Promoter via MahaRERA registration no.P51800054477. The details of the said Project are available on the website of MahaRERA at https://maharera.mahaonline.gov.in under registered projects. All Brochures/ Leaflets/ Pamphlets/ ads/ walk through presentations/ master plan/ layout plan or any other document containing photographs, images, designs, plans, specifications, layout, height, dimensions, facilities, vegetation, features, furniture & fixtures, amenities and communication, are merely an artistic impression and imagination and may vary to actual project on site. The actual and physical features, amenities and facilities in the said Project or the flat will be in accordance with plans and specifications approved by the competent authorities. The said Project is mortgaged in favour of ICICI Bank Limited (“Lender”). No Objection Certificate from the Lender will be provided for sale of flat in the said Project, if required. T&C Apply.
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    Why ‘Location’ is the Most Important Factor When Choosing a New Home

    • MICL Group
    • May 26, 2023

    Why ‘Location’ is the Most Important Factor When Choosing a New Home

    The saying “location, location, location” holds true when buying a new home. A property’s location is one of the most significant factors affecting not only its value but also your quality of life. Today,we will explore various reasons why location should be your top priority when choosing your dream home.

    Proximity to Work, Schools, and Amenities

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    A prime location provides easy access to essential amenities, such as workplaces, schools, hospitals, and shopping centres. Living close to these facilities can save you time, money, and effort. In fact, according to a study by the Urban Land Institute, people living within a 15-minute walk to work or public transportation report higher satisfaction and well-being.

    The average person will save both time and money by choosing a location closer to work and essential amenities.

    Safety and Security

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    The safety of your neighbourhood plays a crucial role in your overall well-being and peace of mind. A location with low crime rates and good security features can help you feel more secure and enjoy your home life.

    Important: Always research the safety and crime statistics of a neighbourhood before making a decision.

    Resale Value and Appreciation

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    The location of a property can have a significant impact on its resale value and potential for appreciation. According to a study by the National Housing Bank (NHB) in India, properties in well-located areas have shown an average annual appreciation rate of 6.7% between 2013 and 2018, while the national average appreciation rate was around 4%. This demonstrates the potential for higher returns on investment when buying a property in a prime location. When choosing a new home, consider future developments in the area and their potential impact on property values.

    Lifestyle and Social Life

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    The location of your home can greatly influence your lifestyle and social life. A well-situated property offers easy access to recreational facilities, restaurants, shopping centres, and cultural attractions. Choosing a location that aligns with your hobbies, interests, and social preferences can significantly enhance your quality of life.

    • Look for neighbourhoods with nearby parks, sports facilities, and entertainment options
    • Consider the availability of restaurants, cafes, and shopping areas within the vicinity
    • Evaluate the cultural offerings of the area, such as theatres, art galleries, and community events

    Infrastructure and Connectivity

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    Good infrastructure and connectivity are vital when choosing a location for your new home. A well-connected area with reliable roads, public transportation, and utility services can make daily life more convenient and efficient. In India, metro cities are known for their excellent connectivity and infrastructure.

    Environmental Factors and Quality of Life

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    Living in an area with ample greenery, clean air, and low noise pollution can have a positive impact on your quality of life. According to a study published in the journal Environmental Health Perspectives, exposure to green spaces can reduce stress and improve mental well-being. When choosing a location, consider the following environmental factors:

    • Proximity to parks, gardens, and other green spaces
    • Air quality and pollution levels in the area
    • Noise levels from traffic and other sources

    Make the Right Decision

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    Location plays a crucial role in determining the value, convenience, and overall appeal of a property. By considering factors such as proximity to essential amenities, safety, infrastructure, and environmental quality, you can make an informed decision and find your dream home in the perfect location.

    MICL Group understands the importance of location and is committed to offering properties in prime locations with excellent connectivity, modern amenities, and a focus on the quality of life. As one of the leading real estate developers in India, MICL Group has delivered many landmark projects across cities like Mumbai, providing residents with the best possible living experience.

    To find your dream home in the ideal location:

    • Explore MICL Group’s diverse range of residential projects, offering top-notch amenities and facilities
    • Consult with MICL Group’s team of experts for personalized guidance on selecting the perfect property based on your needs and preferences
    • Visit the MICL Group website or contact the team for more information on projects and the benefits of choosing a property in a prime location

    Remember, the right location can make all the difference in creating a comfortable, convenient, and fulfilling lifestyle for you and your family. By prioritizing location when searching for a new home, you can make a wise investment in your future and enjoy the numerous benefits that come with living in a well-situated property.

     

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