Integrated townships can reduce the burden on infrastructure and provide a fulfilling lifestyle for buyers, at a much reduced cost all round. Gulam Zia, National Director – Research & Advisory Services, Knight Frank India points out, “Of late, the planning authorities and Government bodies have realised the importance of integrated townships and are giving special concessions for creation of such townships.
Integrated township as the future of urban living is an established reality. However, the future of integrated townships depends not only on the infrastructure development, but also creation of overall social infrastructure. Track2Realty delves deeper into the issue to find out the thin line that bifurcates between a successful case study and a dream unfulfilled.
It is not that Thane has surprised only the old timers. Even among the present generation, very few could see the emergence of the destination that was initially ridiculed as the bed room of Mumbai’s blue-collared working class.
No one is talking about the need for developing satellite cities, at least as of now. This is not because there is any lack of vision with regards to ever increasing urbanisation, but so much virgin territories are there to be developed that the priority is to develop those pockets first. The load on land has also not reached to an alarming level were the infrastructure crumbles, as witnessed in other major cities across the country.
A year back at the end of 2016, the doom mongers were out in force. In our office sector there were those who were predicting a slump in demand, uncertainty around the new Government in the US, the scare stories around automation and AI, the performance of the top 5 Indian ITeS companies, exaggerations around layoffs and even the dramas of corporate Boards of great Indian technology companies.
News Point: Indian developers tend to focus only on housing…
Finance Ministry officials maintain that budget wish list of developers…
All over the world, cities are facing the challenge of uncontrolled urbanisation. According to the United Nations, 54% of the population across the world today resides in urban areas, and that this figure will rise to 66% by 2050. An accompanying fact is that urbanization is happening too fast, and without adequate foresight and planning.
The place of residence is a measure of one’s quality of living, and the availability of open recreational spaces near one’s place of residence is a direct measure of social and physical satisfaction.
Track2Realty Exclusive: The property markets of the financial capital Mumbai and the political capital Delhi has always been exposed to the reality that it is the expat Indians, the working class professionals, who are the key demand drivers of property. However, in the last over a decade or so this outlook on the migrant work force has become a pan-India phenomenon.