{"id":1018,"date":"2020-04-18T15:01:22","date_gmt":"2020-04-18T15:01:22","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=1018"},"modified":"2020-04-18T15:01:34","modified_gmt":"2020-04-18T15:01:34","slug":"how-cultural-heritage-benefits-real-estate","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/how-cultural-heritage-benefits-real-estate\/","title":{"rendered":"How Cultural Heritage Benefits Real Estate"},"content":{"rendered":"\n<p><em>Preserving cultural heritage is like conserving gold. It is an asset for a country which attracts tourists from all over the world. Not just tourists but it also attracts real estate buyers. <\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/04\/World-Heritage-Day-FB-1024x1024.jpg\" alt=\"\" class=\"wp-image-1019\" srcset=\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/04\/World-Heritage-Day-FB-1024x1024.jpg 1024w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/04\/World-Heritage-Day-FB-150x150.jpg 150w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/04\/World-Heritage-Day-FB-300x300.jpg 300w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/04\/World-Heritage-Day-FB-768x768.jpg 768w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/04\/World-Heritage-Day-FB-250x250.jpg 250w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/04\/World-Heritage-Day-FB.jpg 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>India is a secular country, which itself\nsays that the various cultures here are given utmost importance, and so is the\ncultural heritage. India is well-known for its historic&nbsp;<strong>monuments<\/strong>&nbsp;and\ntourist attractions. Every year this day we celebrate \u2018World Heritage Day\u2019,\nwith an aim to emphasize the importance of preserving cultural heritage for\nfuture generations.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.propertypistol.com\/blog\/how-cultural-heritage-benefits-real-estate\/#Importance_of_properties_in_a_historic_environment\" title=\"Importance of properties in a historic environment\">Importance of properties in a historic environment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.propertypistol.com\/blog\/how-cultural-heritage-benefits-real-estate\/#Reinvestment_to_historic_properties\" title=\"Reinvestment to historic properties\">Reinvestment to historic properties<\/a><\/li><\/ul><\/nav><\/div>\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Importance_of_properties_in_a_historic_environment\"><\/span><strong>Importance of properties in a historic environment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>The individual property-level analysis\nrevealed that usually properties that are located in a historic environment are\nsold at around 30% higher price than the properties elsewhere. Surrounding of\nthe property is particularly is the biggest factor for the price premium of any\nproperty. When a historic area is successfully developed, people desire to be\nin such environments.<\/p>\n\n\n\n<p>In recent years, understanding the need\nfor conservation and development of cultural heritage and marketing them among\npeople has become a point of attention for the government, too. Our former\nfinance minister once in his budget speech had announced plans to preserve\ncultural heritage, which is India\u2019s pride and worldwide&nbsp;<strong>tourist attractions<\/strong>.<\/p>\n\n\n\n<p>The scheme National Heritage City\nDevelopment and Augmentation Yojana (<strong>HRIDAY<\/strong>)\nwas launched in a major way by our Prime Minister Narendra Modi in January 2015\nwith an aim to conserve and safeguard the heritage cities in India. Since then,\nthese cities are witnessing an upsurge in property prices so much that it has\nsurpassed the prices of the properties even in the capital cities.&nbsp;&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reinvestment_to_historic_properties\"><\/span><strong>Reinvestment to historic properties<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>We are fortunate enough that the\nrestoration of historic buildings can be created into an attractive environment\nwhere people want to work, live or visit<strong>.\nCultural heritage<\/strong>&nbsp;can be used to attract investment,\nstrengthen the local economy, and to create specific added value of the real\nestate.<\/p>\n\n\n\n<p>Common research shows that even construction of new objects does not create such a high economic value, as a historical building. Moreover, repeated reconstruction of the heritage sites lessens gas emissions generated during construction, cuts landfilled waste and household waste disposal; resulting in a reduction in the greenhouse gas emission. Reinvestment to historical properties helps to conserve and safeguard inherited buildings and spaces for generations ahead.<\/p>\n\n\n\n<p>Well-developed and maintained heritage sites ensures increased ROI, too much tourist pouring in the cities, the need to accommodate, working spaces, and so on. Thus, demand for more real estate.<\/p>\n\n\n\n<p style=\"font-size:12px\"><em><strong>Disclaimer:&nbsp;<\/strong>The views expressed above are for informational purposes only based on industry reports and related news stories. Propertypistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Preserving cultural heritage is like conserving gold. It is an asset for a country which attracts tourists from all over the world. Not just tourists but it also attracts real estate buyers.<\/p>\n","protected":false},"author":2,"featured_media":1022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[61],"class_list":["post-1018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-cultural-heritage","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Cultural Heritage Benefits Real Estate - Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertypistol.com\/blog\/how-cultural-heritage-benefits-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Cultural Heritage Benefits Real Estate - Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog\" \/>\n<meta property=\"og:description\" content=\"Preserving cultural heritage is like conserving gold. 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