‘Satellite townships will help de congest urban areas’
Sep 21, 2013
Source : The Hindu

HYDERABAD: With the urban population going up each passing year, there is a need to focus on de-centralised growth of cities by setting up satellite townships, according to experts.

V. B.Gadgil, Chief Executive and Managing Director of L&T Metro Rail (Hyderabad) Ltd, said satellite townships are the best way to address the pressure on urban areas and its infrastructure.

“By developing satellite townships and making them self-sufficient, we can help decongest the main cities,” he said.

Speaking at a Conference on Urban Infrastructure, hosted by the Confederation of Indian Industry and Credai, the real estate developers’ body here, Gadgil said the satellite townships should encourage the ‘walk to work’ culture and provide good linkages to the main city.

Development of satellite townships should be planned such that they have all the infrastructure required locally and also ensure that there is no cross-commuting. The urban population in India is now estimated to be about 32 per cent against a global average of 50 per cent. According to projections, the percentage in India too is set to go up if the addition of new townships in the past decade is an indicator towards this trend.

Population density

Given the population density in big cities, these satellite townships should have functional linkages with mother cities, surrounding areas and towns, he felt. There is huge potential and at the same time significant investments are required to strengthen urban infrastructure, covering water, development of urban roads, storm water drains and solid waste management. The biggest challenge is of urban traffic management.

C. Shekhar Reddy, President-National of Credai, said there is potential for large scale development of urban infrastructure, while simultaneously focussing on satellite towns to expand the main city.

Referring to the growth of new projects along the Inner Ring Road and Outer Ring Road, he felt the Regional Ring Road, which links a span of 229 km of roads with towns around Hyderabad, would provide a major opportunity for growth.

Reddy felt that the infrastructure should be first developed and later attract investments.

This would be better as now the developers are first taking up projects and the infrastructure is coming up later.

Latest Realty News

‘Some downside on real estate sector’
Sep 21, 2013
HYDERABAD: The increase in repo rate is going to have some downside on the real estate sector in a stressed environment that is already plagued by slowdown in sales, increasing input costs, liquidity issues and high costs of capital, Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield, said.
‘Finance cost of developers may go up’
Sep 21, 2013
HYDERABAD: With the proposed Real Estate Regulatory Bill, where developers are expected to keep considerable portion of sales in escrow account for a majority of the construction period, finance cost for developers is expected to increase, according to Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India.
Transfer your home loan in easy steps
Sep 16, 2013
HYDERABAD: If you are not happy with your existing Home Loan, then there is a ray of hope for you. Now you can transfer your loan to another bank. Loan Transfer or Refinancing of loan is an easy option through which most of the people nowadays are opting to take the benefit of lower interest rates prevailing in the market.
APIIC-Emaar case: ED takes possession of attached land
Sep 14, 2013
HYDERABAD: Enforcement Directorate (ED), which is investigating the controversial land deal between Andhra Pradesh agency APIIC and Dubai-based Emaar for a realty project, today said it has taken possession of the land as part of proceedings into the case.
Andhra Pradesh Housing Board housing projects evoke poor response
Sep 13, 2013
HYDERABAD: Uncertainty over the status of Hyderabad seems to be casting a shadow on ambitious housing projects taken up by the Andhra Pradesh Housing Board (APHB).
GHMC plans road to please realtors
Sep 11, 2013
HYDERABAD: Bowing to the pressure from builders and land owners, Greater Hyderabad Municipal Corporation (GHMC) officials are said to be actively considering construction of a link road from Navayuga SEZ, opposite the West Zone of GHMC, to Chandanagar railway station in Serilingampally, at an estimated cost of Rs 17.10 crore.
Hyderabad's realty sector set for recovery
Sep 06, 2013
HYDERABAD: The spiraling rate of the dollar coupled with modest pricing is likely to attract NRI investment to the city's real estate sector in the near future, said representatives from the industry on Thursday.
‘NHB data on Hyderabad realty do not reflect ground situation’
Sep 06, 2013
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) today said that the recent report by the National Housing Bank on real estate price fall of about 4.5 per cent in Hyderabad does not reflect the actual situation.
AMC plans to build 10,000 additional houses
Sep 03, 2013
AHMADABAD: Urban local bodies across the state are now demanding faster turn-key systems and construction technologies to deliver affordable houses in bulk and in a time-bound manner over the next five years. A seminar on ‘New Construction technology for affodacle housing‘ was organized at the Ahmedabad Management Association (AMA). The seminar was hosted by Ahmedabad Municipal Corporation (AMC).
Integrated building approvals to check graft in Hyderabad
Sep 02, 2013
HYDERABAD: In a bid to bring in transparency, avoid delays and check corruption, the Greater Hyderabad Municipal Corporation (GHMC) has decided to integrate online building approvals with occupancy certificates and property tax assessment.

Latest Realty News Of State

Realty Talk's