Here is how Climate Change has Affected the Property Buying in India
Jul 02, 2019 Real Estate News
When it comes to home buying, a homebuyer does not want to leave any stone unturned to make sure they are making the right choice. Investing in a property is a long term investment, and for most people, it is once in a lifetime investment because of the huge money involved. It is only fair that homebuyers make sure that not only their present is secured but also their future. Water scarcity, earthquakes and other natural calamities are also what a buyer looks into when investing in a property.
Climate change has affected the property buying in the country. Many cities in the country have been declared a drought. The water scarcity keeps rising every day. Areas and localities that are prone to natural disasters like floods and earthquakes are the places that a buyer actively avoids investing in.
Urbanization leads to climate change
The rapid urbanization of the cities has to lead to the depletion of resources. With the plants being chopped down, the pollution in the air in the localities has increased many folds. The air quality also determines the health of the residents. It also leads to a rise in temperature. The primary reason behind the rapid urbanization is the need to ease mobility to the workplace. The carbon emission has increased in many Tier I cities due to the same, which contributes to climate change.
A better place to move to
Living in the city comes with its challenges, traffic, air pollution and bit higher atmospheric temperature. People are now choosing to move to the suburbs because of the peaceful surroundings and better living conditions. Some areas in the major cities have been declared a drought, and home buyers are holding back their idea of investing in a house in certain localities.
A buyer’s perspective
With the growing awareness and the need for sustainable homes, the demand is also increasing. Home buyers are now looking to invest in homes that are fuel and energy efficient, are not in the flood or earthquake-prone areas, water supply is good. The construction materials do more harm to the environment than , and the buyers are now looking forward to investing in the homes that are green and do not harm the environment adversely.
Eco- friendly homes might seem expensive at the beginning, but the return on the investment is higher than traditional homes with quick savings. The bills in energy efficient homes with natural light and ventilation system are much less to the homes that do not have the same.
Climate change has affected the property buying in the country. Many cities in the country have been declared a drought. The water scarcity keeps rising every day. Areas and localities that are prone to natural disasters like floods and earthquakes are the places that a buyer actively avoids investing in.
Urbanization leads to climate change
The rapid urbanization of the cities has to lead to the depletion of resources. With the plants being chopped down, the pollution in the air in the localities has increased many folds. The air quality also determines the health of the residents. It also leads to a rise in temperature. The primary reason behind the rapid urbanization is the need to ease mobility to the workplace. The carbon emission has increased in many Tier I cities due to the same, which contributes to climate change.
A better place to move to
Living in the city comes with its challenges, traffic, air pollution and bit higher atmospheric temperature. People are now choosing to move to the suburbs because of the peaceful surroundings and better living conditions. Some areas in the major cities have been declared a drought, and home buyers are holding back their idea of investing in a house in certain localities.
A buyer’s perspective
With the growing awareness and the need for sustainable homes, the demand is also increasing. Home buyers are now looking to invest in homes that are fuel and energy efficient, are not in the flood or earthquake-prone areas, water supply is good. The construction materials do more harm to the environment than , and the buyers are now looking forward to investing in the homes that are green and do not harm the environment adversely.
Eco- friendly homes might seem expensive at the beginning, but the return on the investment is higher than traditional homes with quick savings. The bills in energy efficient homes with natural light and ventilation system are much less to the homes that do not have the same.
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