What is urban planning in real estate?

[Good-Person]

Urban planning refers to creation of an urban society in a specific setting. Urban planning is one of the most interesting aspects of real estate market. Many new investors are ready to invest in this kind of market. So, what is it and how can it be beneficial?

 

[Kane]

There is no more vacant land available in the city, therefore, the developers are reaching out to the outskirts of the city where there is still some vacant land. There will be a lot of scope for real estate development in these areas, and when the properties start getting erected, people will start buying them and living there, and soon these places will a part of the main city.