Yes, the ideal location for a parakeet cage balances light, protection from drafts, and activity levels. Place the cage in a well-lit area receiving natural daylight but shielded from direct sunlight to prevent overheating. Avoid locations near air conditioning vents, windows, or doors where drafts can cause temperature fluctuations harmful to your bird. Additionally, position the cage in a social part of your home to engage with family activities without overwhelming noise or commotion, providing stimulation without causing stress for your feathered friend.