Road width significantly influences the value of commercial land in India. Wider roads enhance accessibility, visibility, and development potential, making such plots more desirable for commercial activities.
1. Enhanced Accessibility and Visibility
Commercial plots situated on wider roads offer better access for vehicles and pedestrians, facilitating higher footfall and customer engagement. This increased exposure is particularly beneficial for businesses like retail outlets, restaurants, and showrooms, which rely on visibility to attract customers.
2. Improved Development Potential
Wider roads often come with higher permissible Floor Area Ratios (FAR), allowing developers to construct larger buildings. This potential for increased built-up area can lead to higher rental incomes and, consequently, elevate the land’s market value.
3. Better Infrastructure and Services
Areas with broader roads are typically better planned and maintained, featuring superior infrastructure such as drainage systems, street lighting, and parking facilities. These amenities enhance the overall appeal of the location, making it more attractive for commercial investments.
4. Regulatory Compliance and Zoning Advantages
In many urban planning regulations, certain commercial activities are permitted only on roads of specific widths. For instance, high-traffic businesses may be restricted to roads that can handle increased vehicular movement. Thus, plots on wider roads have the advantage of accommodating a broader range of commercial uses.
5. Market Perception and Demand
The market often perceives plots on wider roads as premium properties due to the advantages mentioned above. This perception leads to higher demand, driving up the prices compared to plots located on narrower roads.
