Twin City Benefits
03 Oct 2023
The term "twin city" often refers to two cities that are geographically close to one another and have established a cooperative or related connection. These cities frequently collaborate on various projects for mutual gain and may share certain resources, infrastructure, or economic relations.
The twin city concept can have multi-faced benefits for real estate, both for developers and property buyers. These benefits include:
Better Economic Opportunities
Both the cities may collaborate in business activities and creation of jobs which in turn create a positive real estate market.
Diverse Real Estate Option
The concept provides a broad spectrum of amenities, services and job opportunities which can drive the real estate demand in both cities.
Transportation Infrastructure
As both cities tend to promote job creation and business opportunities, there arises a need for better transportation infrastructure for smooth commutes.
Business Opportunities
The presence of strong commute infrastructure, ample employment and commercial real estate may provide a boost to business opportunities in both cities.
Diversified Real Estate Portfolio
As both the cities grow hand in hand, the real estate market sees an upside which turns into a good opportunity for homeowners and investors to diversify their portfolio.
Infrastructure Investment
The development of shared infrastructure can promote the overall quality of life in both cities, making them more attractive to investors and residents.
Resilience to Economic Downturns
In events of economic crises that may arise in one of the cities, the other may provide some stability which can provide overall resiliency to the market.
Community and Networking
The residents of twin cities may find more opportunities to socialize through events and cultural exchanges between the two cities, in turn giving a boost to higher demand for real estate.
The “Twin City” concept has been implemented in India and gained its importance over the past few decades. Some notable examples are – Mumbai & Navi Mumbai, Delhi & New Delhi, Pune & Pimpri-Chinchwad, Ahmedabad & Gandhinagar.
The projects undertaken by the group, in the areas surrounding Ahmedabad & Gandhinagar are deemed to enjoy the benefits of this concept. Namely, ‘The Crown’, ‘Shivalik Skyview’, ‘Green View’, located at Bhat, GIFT City and Shantigram respectively are examples.
These locations will provide a better Economic Corridor for people living in Ahmedabad and working in Gandhinagar or Vice versa along with the scope of Infrastructure developments like wide roads, expressways and BRTS routes.
Overall, the twin city concept can create a dynamic and attractive real estate market that offers a range of benefits for developers, investors, and property buyers. The twin cities of Ahmedabad and Gandhinagar are an important economic and administrative axis of Gujarat. They work together to promote the development and progress of the country, and their proximity offers residents and businesses the benefits of both downtown.
