Realtors see business opportunity from Smart City projects
Its a good initiative by the government. Satellite towns around these smart cities will be good opportunity for the real estate development especially affordable housing.
Jan 29, 2016
Source : ET


NEW DELHI: Realtors' body CREDAI today hailed the selection of first 20 cities for 'Smart City' programme, saying the initiative would provide great opportunity for the real estate development, particularly in the affordable home segment, with improvement in infrastructure of these towns. 

"Its a good initiative by the government. Satellite towns around these smart cities will be good opportunity for the real estate development especially affordable housing," CREDAI President Getamber Anand said. 

Welcoming this step, CBRE South Asia Chairman & MD Anshuman Magazine said: "While this initiative will involve large-scale retrofitting as well as redevelopment; these cities could become showcases of urban infrastructure development, encouraging others to follow suit." 

Cushman & Wakefield MD Sanjay Dutt said the Smart City initiative would further boost the affordable housing, which is already a priority for the government. 

The Smart City initiative would be a game changer in raising the standard of infrastructure in the cities in the country, said Shubhranshu Pani, MD - Infrastructure Services, JLL India. 

"Adequate attention is paid to sustainability, infrastructure and improving the life of inhabitants," he said, adding that JLL has supported two of the cities which have been shortlisted in the first list -- namely Bhubaneshwar and Chennai. 

CREDAI Western UP Vice President Amit Modi said the smart city would greatly enhance the much needed infrastructure requirement of these cities. 

Pune Real estate sector will be impacted positively with an impetus to the infrastructure growth as well as the economic activity for Maharashtra, said Rohit Gera, MD of Pune-based Gera Developments. 

Bhubaneswar emerged on top among 20 cities, including Pune, Ahmedabad, Chennai and Bhopal, that have been selected as part of the first batch of the Smart City initiative for which the NDMC area of Delhi has also made the grade. 

Urban Development Minister M Venkaiah Naidu announced the first list of 20 cities today that will be developed to have basic infrastructure. 

Assured water and power supply, sanitation and solid waste management systems, efficient urban mobility and public transportation, IT connectivity, e-governance and citizen participation are some of the highlights of the initiative. 

Jaipur, Surat, Kochi, Jabalpur, Visakhapatnam, Solapur, Davanagere, Indore, Coimbatore, Kakinada, Belagavi, Udaipur, Guwahati and Ludhiana are the other cities selected in the first batch.Realtors see business opportunity from Smart City projects 

Latest Realty News

Jan 29, 2016
New Delhi: Indians are the third biggest international investor community in the US realty market, global brokerage Sotheby's International Realty said.
Jan 27, 2016
With over 70% of investors expecting improvement in sales over the next 12 months, the Indian realty market may be heading towards a revival in 2016, a research report by property consultant JLL India and Royal Institute of Chartered Surveyors (RICS) says. And surprisingly, Bengaluru has pipped the Natonal Capital Region to become the second preferred investment destination for the investors after Mumbai. But the positive sentiment is driven by rising demand for commercial realty, not for reside
Jan 27, 2016
New Delhi: Net office space absorption fell sharply by 44 per cent in Delhi-NCR during last year to 3.83 million sq ft as leasing transactions largely pertained to relocation, consolidation and renewals of spaces.
Jan 25, 2016
NEW DELHI: Godrej Properties has signed a development management agreement with NCR-based builder Lotus Greens to build a housing project on 36 acre land parcel in sector 150 of Noida. This is its first foray into the Noida market.
Jan 23, 2016
Radiating out from Delhi into the National Capital Region are two expressways. The one in the east runs 22 km through Noida and Greater Noida. The other in the south stretches for 18 km between Dwarka and Kherki Daula. On either side of both these expressways are vast expanses that have been opened up for development by realtors.
Jan 22, 2016
MUMBAI: The real estate sector is likely to see improvement in sales and equity deals in 2016 as the economy shows signs of revival on the back of various policy decisions taken by the government, a report said.
Jan 20, 2016
2016 may be a good year to buy a home. Property prices have remained stagnant for almost a year. While the quoted inventory prices may not have changed, better deals are available in terms of spot discounts, flexible payment plans and freebies across most major residential markets. So, this may be the best time to haggle hard and book a property. "Right now, buyers can get up to 20% additional values in the form of freebies and discounts," says Muddasir Zaidi, national director, residential, Kni
Jan 20, 2016
New Delhi: Property prices fell by an average one per cent in the Delhi-NCR during October-December period compared with the previous quarter on higher supply, according to a report by property portal
Jan 18, 2016
NEW DELHI | MUMBAI | BENGALURU: Real estate companies in top metros have said that local government bodies approve building plans only after the project has been granted environment clearance. This follows the Supreme Court's Friday observation that housing projects must get environment clearance before work can start.
Jan 18, 2016
NEW DELHI: With lakhs of home buyers being exploited by private builders and developers, the government plans to bring the real estate bill to Parliament in the first half of the budget session and is confident of its passage.

Latest Realty News Of State

Realty Talk's