Urban Sprawl vs Compact Cities: What’s Better for Real Estate?
This growth pattern creates a certain functionality for how people live, travel and invest. Urban sprawl has for a long time been the default state of affairs for expanding population bases; homes, developed far away from city centres, sometimes gradually, sometimes rapidly, spread across far-reaching, vast suburban tracts. In contrast, compact cities were designed as a way to cluster everything close together, thus reducing commutes while fostering more community as people are living closer to everything they need to access regularly. Both types of developments have merit for particular reasons; at the same time, a certain aspect of natural growth can be beneficial from a real estate perspective on development opportunities. An instance of this is Shukhobrishti , an urban development in Kolkata, India that spans across thousands of homes. It presents another minor premise of large-scale development happening in developing countries. The Pull of Urban Sprawl Urban sprawl i...