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Learn how the city's master plan can improve your home-buying decision

Imagine the following: You have just paid a sizeable sum to book an apartment with the developer because you thought you were getting a good deal. Two weeks later, the government announces that it has sanctioned the creation a new railway line behind this development. You are disappointed as this will bring down the value of your property and also affect your quality of life. Wouldn't you have liked to you have known what the developments around your property are expected to be before you put you're your money into the property? You could have avoided this situation if only you would have familiarized yourself with the master plan of the general area where you bought property.

Here we give you some insight into what is a master plan and why it can help you avoid situations like the above.

What is a master plan?

A master plan is usually a document that describes, in narrative and with maps, the overall development concept and plan for a region that has been agreed to by the civic and other development authorities. It's a blueprint for how the urban geography of a particular area will develop in the coming 10-20 years. It earmarks areas for green belt, for residential construction, commercial and industrial hubs, airports/railway terminals, highways, schools, hospitals, parks and other public amenities.

In short, it's a vision of what the future might look like as far as the city layout and civic facilities of a city or a region are concerned. It can give you an insight into what the future development prospects of an area might be, in terms of what is being planned for the future.

Scope of a master plan

A master plan will give a comprehensive picture of the whole township which will include all the commercial, industrial, recreational plans proposed in that region, and the transportation arrangements to connect points within the township and to the outside areas.

Here are the details of what a master plan typically includes:

• Physical facilities like location of schools, police and fire stations, hospitals, colleges, telephone exchanges, water treatment plants, social and cultural centres and religious complexes planned in the region
• Proposed commercial hubs like a town centre, district centre, shopping complexes, malls, and wholesale shops
• Industrial belt like small and medium enterprises, special economic zone, and export processing zone
• Location of all recreational facilities proposed in the plan like a regional parks, city parks, golf courses and any sports complexes
• Connectivity in terms of routes to various neighbouring towns through buses, railways, and metro. Connectivity will also highlight the locations of railway stations, inter-state and city bus terminals, airports and highway routes
• Analysis of the city's existing planning and zoning laws, state boundary and village boundaries.

Why do you need to know about a master plan?

You might have a preference or certain need that you are trying to meet when it comes to the location that you choose to buy a property in. If you have access to the master plan, which should be readily available with your broker or property developer, you can get some insight into how the area that you are considering might be able to meet your needs in terms of what the future developments are being planned for the area.

For instance, if you want to be away from railway stations but close to a school area, then by looking at a master plan you can make a better and more informed decision about where you should buy property. Additionally, by looking at the master plan, you might also form your own view of how quickly the area you want to live in will develop and appreciate in value.

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