Concept of Satellites Cities — Finlace Blog (Real Estate Consultant)

A huge planned, fully incorporated and function-built new precinct near a bigger city is called a satellite city. A satellite city is a novel concept of urbanization which provides an unmatched comfort to the clients. The satellite cities not only offer completely new residential deal but they also offer a brand new direction to the parent city.

When a satellite city is turned into a mega-township then it provides residential spaces, commercial spaces as well as retail establishments. The mega townships are self-contained to a very large extent and also highly organized.

There are several benefits of satellite cities. Some of the vital points are as follows:

The satellite cities significantly boost the local economy These satellites cities give rise to completely new business catchments for a city The satellite cities provide employees an improved working environment Sufficient parking Assured electricity These satellite cities also provide superlative connectivity to other key business locations in the parent city

Originally published at finlace.com on March 11, 2015.