A Satellite Town generally is a smaller metropolitan town or city located nearby to a larger metropolitan area. Such towns enjoy independent administration and other important infrastructural facilities along with the presence of good connectivity well-developed amenities, thriving real estate market, etc.
Some of the prime satellite towns of India include Gurugram, Navi Mumbai, Kalyan-Dombivili, Ambernath, Yelahanka, Panchkula, Noida, Ghaziabad, Faridabad, Sonipat etc.
Here are some of the prominent satellite towns which today have become real estate Hubspot among property buyers:
New Town, Kolkata
A rapidly developing suburb in Kolkata, New Town is located partly in North 24 Parganas district and South 24 Parganas district. This satellite town is well-connected to Kolkata and adjoining areas via VIP Road and is just 4 kilometers from the Netaji Subhash Chandra Bose International Airport. Salt Lake, the biggest commercial area and sector-V, the new commercial hub are also within close proximity to New Town.
In recent time, many integrated townships comprising of residential units, commercial centers, and corporate complexes have launched in New Town area making it a preferred locality to invest among many prospective home buyers.
A prominent satellite town of Bengaluru is older than the main city and is today one of the best residential hubs for real estate investment. The city has an excellent connectivity via road, rail, and air. The road network to Yelahanka is one of the best in entire Bangalore. Kempegowda International Airport is located off Yelahanka. National Highway 7 (North-South Corridor) also passes through Yelahanka.
Many renowned educational institutions are also present in this town namely Canadian International School, Bhuvan Institutions, Nagarjuna Vidyanikethan, Kendriya Vidyalaya RWF & CRPF, Sir M. Visvesvaraya Institute of Technology, BMS Institute of Technology, Bhuvan Polytechnic and Sri Venkateshwara College of Engineering, Bangalore. Yelahanka is also known for the presence of an Air Force Station and a defence airport situated on NH7.
Touted as the millennium city of India- Gurgaon or Gurugram is a dream real estate investment destination for millions of people living in the NCR region. Due to well-developed infrastructure, smooth connectivity and presence of top-notch MNCs and IT/ITes companies, the city is the hub for many professionals. Because of a good commercial background, the real estate prices in the city have increased too many folds in the last two decades.
A small yet serene satellite town Panchkula is a part of a continuous area with the Chandigarh and the city of Mohali. The Chandigarh-Mohali-Panchkula metropolitan region collectively forms a Chandigarh Tricity, with a combined population of over 2 million. Many notable hospitals, educational institutions as well as colleges are present in this satellite city.
In recent times, Panchkula has emerged as a favourable real estate investment destination among many prospective homebuyers. The price of properties in Panchkula starts from Rs 1.76 lacs and the average price of properties in Panchkula is Rs 28.28 Lacs.
Navi Mumbai and Thane, Maharashtra
Situated across two districts namely Thane and Raigad, Navi Mumbai is a planned city off the west coast of Maharashtra and has emerged as a major residential and commercial hotspot in recent times. Areas in Navi Mumbai like Karanjade, Ulwe, Ghansoli, Panvel, Airoli, Taloja, and Kharghar are offering many ready to move properties which fall in the range of 36-80 lakh.
On the other hand, Thane which is also a part of the Mumbai Metropolitan Region (MMR) and one of the most populous urban regions in the world is also offering residential units at budget-friendly rates. Localities in Thane (west) offer many luxurious ready to move in housing units by renowned developers.
Pendurthi is a satellite city situated in Visakhapatnam. It is considered as the prime residential and commercial area in the district. This place is near to the areas such as Kancharapalem, Kapuluppada, Kavali, Mamidilova, Marripalem, and Purushothapuram. The region has received a major boost with the formation of the Visakhapatnam-Chennai Industrial Corridor, which has brought with it various benefits, like improved connectivity and power transmission and delivery networks. Due to this, many IT companies, MNCs and leading developers are eying this town to set up their offices as well as projects here.
A part of NCR, Sonipat was carved out of Rohtak and made a full-fledged district in 1972. The region enjoys smooth connectivity to Delhi and other NCR areas via NH 1 and NH 71A. In the last few years, the real estate market of Sonipat has grown rapidly as a contributor to the city’s economy. Its proximity to the national capital is fuelling real estate developers such as TDI Infrastructure, Omaxe, and Ansal API to take up township and gated community projects. Omaxe and TDI group have already completed many constructions here.