HT Image
HT Image

Making India a laboratory of urban development

A hundred new cities, bullet trains, industrial corridors and a relook at the much-debated land acquisition act — the new government has its hands full for the next five years
By Vandana Ramnani | None, Delhi
UPDATED ON MAY 23, 2014 07:57 PM IST

As the BJP-led government gets ready to take office, everyone’s waiting to see how it progresses towards achieving the development initiatives it had promised in its manifesto. These included 100-new modern cities, high-speed bullet trains and expediting freight and industrial corridors that will not only improve the country’s infrastructure but also create nodes of employment.

However, to achieve these “ambitious” objectives, the government needs to have a well-thought out strategy in place that allows for speedy execution of projects through single-window clearances, access to patient capital funding and raw materials, as without these in place, the promises will remain only on paper. The land acquisition bill should also be relooked at on a priority basis.

100 cities

“We will initiate building 100 new cities; enabled with the latest in technology and infrastructure adhering to concepts such as sustainability, walk to work etc and focused on specialised domains. The approach to urban development will be based on integrated habitat development – building on concepts such as twin cities and satellite towns,” the party’s manifesto had read.

The focus will be also be on rubanisation or rural urbanisation. The intent will be to urbanise rural areas first that have economic potential, says Vibhav Kant Upadhyay, who is recognised as the architect of modern India Japan partnership, a member of the strategic action committee for the BJP’s 2014 campaign and chairman, India Centre Foundation.

According to Upadhyay, the initiative for 100 cities will primarily be greenfield developments with a majority of them located along the industrial corridors such as the Delhi Mumbai Industrial Corridor (DMIC). As many as 24 nodes or cities, both big, medium and small, can come up along this corridors. More cities can come up along corridors in other areas such as the Bangalore-Mumbai corridor, the Chennai-Bangalore corridor, the Chennai-Kolkata coastal corridor and Amritsar-Kolkata corridor.

“These all have to be sustainable, energy efficient cities. The focus will have to be on corridors rather than special economic zones (SEZ) that have proved to have led to scattered growth as against targeted growth. This model has also not proven to be energy- efficient as it cannot be supported by a single transportation corridor,” he says.

“We are also hopeful that 30% of the population will live in these new cities created along these corridors. Besides, these are expected to address the problem of housing to a large extent,” sources confirm. The housing shortage in India is pegged at 38 million in 2030.

“We are hopeful that 30% of the population will live in these cities. Housing shortage for 2030 is pegged at 38 million, a majority of this problem will be solved/addressed by setting up these cities,” they say. We also intend redeveloping cities such as Benares, Agra and Aurangabad. The intent is not to replicate London or New York in Indian cities but modernising them by harnessing their cultural potential.”

Bullet trains

The manifesto has promised to launch a diamond quadrilateral project of high-speed trains (bullet trains). “The project needs a lot of localisation and that will be the biggest challenge going forward. The vision is to have star hubs such as Delhi and connect it to Chandigarh, Jaipur, Agra, Kanpur etc and hub to hub connections such as Delhi to Mumbai etc,” points out Upadhyay.

Interestingly, the vision for both the DMIC and the bullet trains was set originally in 2004. “We are evolving the vision we set out to accomplish. The manifesto ten years ago also has a mention of the bullet trains project,” say sources in the BJP.

The crux of the strategy will be to shift the old development model based on exploitation to the new development model based on empowerment. It’s like shifting from Windows to Apple and vice versa , says Upadhyay.
Granting infrastructure status to the real estate sector is also part of the party’s vision. “If this vision (involving setting up of new infrastructure) needs to be implemented, giving infrastructure status to the sector needs to be given serious thought,” say sources.

The way forward

The way forward would be to evolve an action plan from the macro vision to the micro execution roadmap, by adopting the operating system approach. The new development framework would encourage the participation of the masses by ensuring democratisation of opportunities leading to a more inclusive participation in India’s socio economic development growth.

According to Sanjay Dutt, executive managing director – South Asia, Cushman & Wakefield, with the formation of a new BJP led government next week, the real estate sector now expects the focus to shift to the expansion and development of infrastructure such as highways and roads, ports, railway lines, manufacturing hubs, dams, canals and irrigation channels, etc which will also lay the groundwork for developing the 100 new urban centres that serve as twin cities or satellite towns. Only around 31% of the population lives in urban India, which is already grappling with issues pertaining to crowding, strained infrastructure, pollution, expensive real estate, etc. Hence, there is an immense need for new growth corridors and urban centres that cater to the needs of the increasing population from rural India that is migrating to urban India in search of abetter quality of life.

“From a sustainability point, too, the government needs to aggressively pursue its agenda of developing new urban centres as mere expansion of existing ones is not yielding the desired results. The creation of and boost to demand for real estate will be an incidental byproduct of the process; creation of job opportunities that secure the livelihoods of the hugely underprivileged population whilst providing better access to basic necessities such as housing, water, electricity, medical facilities, education, etc will be the major successes of such an initiative. To achieve these objectives, the government needs to follow a well thought of and implemented plan that allows speedy execution of projects through single-window clearances, access to cheap funding and raw materials, etc. Without these in place the objectives will remain on paper, which given the past track record of the new prime minister should not really be a concern,” he adds.

Amit Bhatt, town planner’ points out that the 2011 census indicates that India is only 32% urbanised and global trends indicate that cities ought to be at least 75% urbanised. The census also indicates that the rate of growth in big cities is not as high as in small cities (with a population of one lakh to five lakh).

SHARE THIS ARTICLE ON
Close
Estate agents for sale and sold boards in a van in Colchester, UK. (Bloomberg File Photo )
Estate agents for sale and sold boards in a van in Colchester, UK. (Bloomberg File Photo )

Housing booms in Australia as prices surge most in 17 years

Bloomberg
PUBLISHED ON MAR 01, 2021 06:08 AM IST
While housing prices are surging from Singapore to Canada and the US, a return to boom times in Australia threatens to swell an already worrisome pile of household debt and make it harder for young people to get a foot on the property ladder.
Close
Globally, about 26% of the ultra-wealthy also plan on purchasing a home in 2021, up against 20% of 2020. The pandemic-induced residential mini-boom is expected to continue through 2021. (Representative Image)(AFP)
Globally, about 26% of the ultra-wealthy also plan on purchasing a home in 2021, up against 20% of 2020. The pandemic-induced residential mini-boom is expected to continue through 2021. (Representative Image)(AFP)

One out of five Indian UHNWIs planning to buy a new home in 2021: Report

ANI
PUBLISHED ON FEB 27, 2021 03:05 PM IST
The preferred investment locations for ultra-wealthy Indians are largely concentrated in domestic market followed by preferences in international markets of the United States, the United Kingdom, Singapore and the United Arab Emirates.
Close
FILE - In this Aug. 13, 2018, file photo a house is pictured for sale in Christchurch, New Zealand. New Zealand's government on Thursday, Feb. 25, 2021 made the first of several promised moves to rein in skyrocketing house prices by ordering the nation's Reserve Bank to consider the impact on housing when making decisions. (AP Photo/Mark Baker, File)(AP)
FILE - In this Aug. 13, 2018, file photo a house is pictured for sale in Christchurch, New Zealand. New Zealand's government on Thursday, Feb. 25, 2021 made the first of several promised moves to rein in skyrocketing house prices by ordering the nation's Reserve Bank to consider the impact on housing when making decisions. (AP Photo/Mark Baker, File)(AP)

Real estate in New Zealand feels Covid heat as housing prices skyrocket

PTI, Wellington
PUBLISHED ON FEB 25, 2021 07:57 AM IST
Opposing the expectations, prices have risen by more than 19% over the past year, putting them out of reach for many people wanting to buy their first home.
Close
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)

Realty sector witnessing K-shaped recovery: Report

PTI, Mumbai
PUBLISHED ON FEB 22, 2021 05:09 PM IST
The smaller sized real estate companies' woes will “weigh heavily” on the sector as a whole, domestic rating agency Icra said in its report.
Close
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)

NRIs eye southern realty for investment: Report

PTI
PUBLISHED ON FEB 16, 2021 11:03 PM IST
The maximum search or demand comes from those NRIs living in the US, followed by the UAE and Britain, said the report by Commonfloor, a Quikr platform that offers home-seekers, sellers and realty professionals an online ecosystem.
Close
Singapore’s economy is projected to rebound as the city keeps coronavirus infections at bay and rolls out vaccinations.(Unsplash)
Singapore’s economy is projected to rebound as the city keeps coronavirus infections at bay and rolls out vaccinations.(Unsplash)

Singapore home sales exceed two-year high as curbs may loom

Bloomberg
PUBLISHED ON FEB 15, 2021 11:50 AM IST
  • Singapore’s property market has made a rapid recovery after the pandemic sent the economy into its worst recession, fueling speculation that authorities could intervene to calm the sector. Government ministers warned last month that they don’t want the market to run ahead of economic fundamentals.
Close
Registration for two housing projects of Ansal API Ltd in Sushant Golf City, Lucknow has been cancelled.(Source: Sushant Golf City website)
Registration for two housing projects of Ansal API Ltd in Sushant Golf City, Lucknow has been cancelled.(Source: Sushant Golf City website)

2 Ansal API projects in Sushant Golf City, Lucknow cancelled by UPRERA

By HT Correspondent | Edited by Abhinav Sahay, Lucknow
PUBLISHED ON FEB 12, 2021 11:04 AM IST
  • Action was taken based on site visits and a large number of complaints related to non-possession, non-refund, violation of terms and conditions of the sales contract/allotment letter by the builder.
Close
A general view of a government housing complex in Hong Kong. (Anthony Wallace / AFP)
A general view of a government housing complex in Hong Kong. (Anthony Wallace / AFP)

Century Real Estate sells over 100 plots in 10 days at Century Greens

ANI, Bengaluru
PUBLISHED ON FEB 11, 2021 10:48 PM IST
  • Century Greens comprises a state-of-the-art 10,000 sq. ft. clubhouse, located at the heart of the development that provides a grand experience of landscaped greens, indoor and outdoor amenities with easy access from every plot.
Close
Rates in existing commercial areas and upcoming commercial areas were hiked.(Sanjeev Verma/HT PHOTO)
Rates in existing commercial areas and upcoming commercial areas were hiked.(Sanjeev Verma/HT PHOTO)

RLDA to lease land parcels in city for commercial development

PTI, Chennai
PUBLISHED ON FEB 11, 2021 10:42 PM IST
RLDA Vice Chairman Ved Prakash Dudeja was quoted in the release as saying that Chennai has emerged as a real estate hotspot due to the growth of the IT/ITes sector, infrastructural development and conducive policy landscape over the past few years.
Close
Representational Image. (HT archive)
Representational Image. (HT archive)

New DDA policy to regulate development in green belt villages on Delhi periphery

By Risha Chitlangia
UPDATED ON FEB 10, 2021 11:40 AM IST
Currently, no new construction, either residential or commercial, is allowed in the 47 rural villages located on Delhi’s periphery such as Dhansa, Mitraon, and Kapashera
Close
The value of single-family homes, known locally as villas, rose 2% in the richest and largest of the seven sheikhdoms that make up the United Arab Emirates, real estate consultancy Core said in a report.
The value of single-family homes, known locally as villas, rose 2% in the richest and largest of the seven sheikhdoms that make up the United Arab Emirates, real estate consultancy Core said in a report.

Abu Dhabi villa prices climb for first time in five years

Bloomberg
PUBLISHED ON FEB 09, 2021 02:33 PM IST
Rental rates continued to decline for both villas and apartments as the pandemic forced companies to cut jobs. Residency permits in the UAE, where expatriates make up the majority of the population, are usually tied to employment and many residents who lose their jobs leave the country.
Close
Representational Image. (File photo)
Representational Image. (File photo)

DDA gets 15k applications for 1,354 flats on sale; draw of lots on March 3

By HT Correspondent | Edited by Smriti Sinha
PUBLISHED ON FEB 08, 2021 12:24 PM IST
The DDA has so far received 4,147 applications along with payment for its 1,011 HIG and MIG category flats in Dwarka and Jasola
Close
In Delhi, properties are classified in eight categories from 'A' to 'H', with 'A' class properties being the posh areas and the least developed areas fall into 'H' category.(HT File Photo)
In Delhi, properties are classified in eight categories from 'A' to 'H', with 'A' class properties being the posh areas and the least developed areas fall into 'H' category.(HT File Photo)

Want to buy new property in Delhi? Here is good news for you

By hindustantimes.com | Edited by Shivani, New Delhi
PUBLISHED ON FEB 06, 2021 02:28 PM IST
The existing rate of land in 'A' category is 7.74 lakh per square metre, After the revised circle rate this will go down to 6.19 lakh per square metre, as per PTI report. In 'H' category, the circle rate will be reduced from 23,280 to 18,624 per square meter.
Close
The rising sun seen over a construction site on a foggy morning at Pragati Maidan, New Delhi. (Arvind Yadav/ Hindustan Times)
The rising sun seen over a construction site on a foggy morning at Pragati Maidan, New Delhi. (Arvind Yadav/ Hindustan Times)

Delhi govt cuts circle rates of properties by 20 per cent

PTI, New Delhi
PUBLISHED ON FEB 05, 2021 08:14 PM IST
Delhi govt cuts circle rates of properties by 20 per cent
Close
A man rides past buildings under construction in Mumbai. (AP Photo)
A man rides past buildings under construction in Mumbai. (AP Photo)

Govt to spend 8k cr to develop 8 cities in 8 states

PTI, New Delhi
UPDATED ON FEB 02, 2021 10:51 PM IST
  • The 15th Finance Commission, set up by the government, has recommended an outlay of 8,000 crore for developing new eight cities in eight states.
Close
SHARE
Story Saved
OPEN APP