Benefits and limitations of buying gated community plots

Since the introduction of globalization, the average income for Indians increased at a rapid rate, thanks to the explosion of information technology [IT] industry. As people are extensively migrating from one state to another due to their work, demand for residential properties and plots increased on a higher stage. This turned out to be the biggest boon for the real estate business of the country. In order to fulfill this huge requirement, the concept of buying gated community plots started making a lot of buzz.

However, buying a plot or home in gated communities comes with both pros and cons. Below, we’ll shed some light on what are the benefits and limitation of buying gated community plots for residence. But first, let’s discuss what gated community [GC] actually means.

What is meant by a gated community?

The term gated community is a brainchild of real estate developers. Even though it is not recognized by the government, gated communities are quite popular among the middle and higher middle class of the country.

Long story short, gated community or GC is an exclusive area of residential properties, in which public traffic and pedestrians are allowed in a strictly controlled environment. People living in GCs have access to day-to-day necessities such as schools, hospitals, fun and entertainment zones, ATMs, parks, etc. within the compound walls.

That’s not all, GCs also provide their own water treatment plants, roads solar electricity exclusively made for people living in the community only.

Now the concept of gated community is fully understood, let’s look at the benefits and limitations of buying gated community plots.

Benefits

Ensures complete safety

This is one of the most important benefits of living in a gated community. As GCs have restricted access for the public to enter, there will always be a professional security service in place to ensure authorized entry from the multiple entry points.

Taking the security to the next level, some GCs may also have closed-circuit television [CCTV] cameras, interconnected telephone lines to perfectly monitor people inside the GC premise.

You can live in the gated community quite safely in the night as all the necessities are available within the premises.  

Community development

GC is an extremely helpful place when it comes to socializing especially for children. As the children meet with other children of different cultures and backgrounds, children can understand what it takes to be in the community, where everyone will be different.

Gated community offers a play area and schools for children within the premises, they can easily socialize with other children of their age group.

This is a huge benefit especially in times where nuclear families are increasingly rapidly.

Provides office space

Similar to schools and hospitals, gated communities also offer office space at your own residence. This reduces your efforts of going to the work every day and helps in reducing fuel consumption significantly.

But keeping these benefits aside, buying gated community plot exposes you to various cons as well. Let’s dig deep into identifying what are those limitations.

Limitations

Issues with governmental agencies

Gated communities may need to face severe issues with various governmental agencies as the concept of GCs is still not recognized by the law. There are no clear instructions on sharing of private roads and parks with the government agencies, which makes the matter worse.

Issues with civic agencies

Similar to contradictions with governmental agencies, gated communities also need to face various issues from civic authorities. The builder needs to solve issues such as sewage, garbage management, and water facilities.

Although the owner of the house can get these services from outside, it increases the cost for home buyer significantly.  

Takes longer time to construct

As gated communities offer various amenities such as schools, hospitals, water, and electricity plants, it may take a longer period for construction. Sometimes, the builder may face various legal troubles, which increases the wait-time even further.

Key takeaways

Buying gated community plots is definitely a popular choice for the middle class. But it’s essential that you choose a right builder and have a look at plans to better understand the facilities the project is providing. This helps in understanding whether the gated community plot is worth to buy or not.

Doing your research also provides much-needed peace of mind and price assurance, which play a key role in the future.