Real Estate Terms - Satellite City
A satellite city is a novel concept of urbanization -.. a huge planned, fully incorporated, function-built new precinct near a bigger city.
A satellite city is a novel concept of urbanization -.. a huge planned, fully incorporated, function-built new precinct near a bigger city.
Satellite
cities serve a larger purpose than merely offering citizens a completely new
residential deal –-- because of their size & scope, which encompasses
everything required to make a new urban area work, they also provide a brand
new direction into which the parent city can expand & be populated.
When a satellite city takes the shape of a mega-township, the new precinct thus formed performs all the functions of the larger city --– it offers residential spaces, commercial spaces and retail establishments.
When a satellite city takes the shape of a mega-township, the new precinct thus formed performs all the functions of the larger city --– it offers residential spaces, commercial spaces and retail establishments.
However,
unlike in the primary city, all this development / improvement takes place in
an environment wherein infrastructure is controlled by the township developer
rather than being at the mercy of multiple municipal agencies.
No comments:
Post a Comment