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The solution to today’s urbanization issues lies in our glorious architectural heritage: Mitu Mathur

The ruins of Indus Valley Civilization established one thing for sure, that India’s knowledge about urban planning was way ahead of its peers. However, be it the curse of colonization or the short-sightedness of the governments post-independence that we Indians completely messed up when it came to developing world-class cities. Today, due to the pressure created by the increasing population, we need to develop planned cities, says Ms. Mitu Mathur, Director, Gian P. Mathur – Architects & Planners. While discussing the need for sustainable development with Team RealtyMyths, Ms. Mathur emphasized on the need for long-term planning and execution. Here are the excerpts of the interaction. RM: India, being a developing economy, is facing the problem of acute urbanization. The existing ...

Homing in on HSR Layout, Bangalore – RealtyMyths

Developed by the Bangalore Development Authority (BDA) decades ago, HSR Layout – home to upper-crust residents and even some ministers – is strategically located between major IT hubs including Electronic City, Outer Ring Road and Sarjapur Road. Not surprisingly given these excellent location antecedents, HSR Layout has transformed into a major residential-cum-commercial hotspot of Bangalore. This micro-market is largely defined by sizeable bungalows, small builder-floor apartments, wide roads, several small parks and well-established retail options. It is also one of the most self-sustained localities in the city. A Unique Lifestyle Quotient Its proximity and easy connectivity with major IT hubs make HSR Layout a preferred residential destination for IT professionals working in nearby Inf...

Importance of Urban Planning Amidst Rising Environmental Peril

The world is moving from predominantly rural living to urban living. While on one hand, this has increased the density of population in urban locales, it has also created the substantial strain on natural resources, forests, ground water and quality of air making humans squarely at odds with the rest of nature in a constant struggle to extract more & more form it. This transition has made the quality of the city’s infrastructure – its housing, electricity, roads, waste management, drinking water, flood defences and so forth very important, as it largely determines the quality of life, for the residents. It also largely determines the city’s resilience to environmental hazards but more importantly to the social order and general well being of its residence. It is well known that cities ...

The role of politics in socio-economic development: Relationship between politics and real estate

by Akhilesh Kumar Paul Keating once said, “Good economics is good politics.” I have reason to believe that the vice-versa is also true. Politics and socio-economic progress are almost inseparable. Government intention, policy initiative and implementation apart, the stability of regime and continuation of policy initiatives have a strong bearing on the generally prevalent socio-economic conditions of an economy, which in turn also impacts the real estate sector. A case in the point would be the demise of J. Jayalalitha, the former CM of Tamil Nadu in December 2016, post which there was an internal struggle of succession within the ruling party. This not only created an air of uncertainty but was also directly responsible for the delay in implementation of Real Estate Regulation Act (RERA) ...

Can pedestrian friendly streets in urban cities influence real estate investment?

As the urban cities or for that matter even the smaller towns and cities of India, continue to reel under the growing pressure of increased co-habitants, it is natural for us to seek some solace away from the hustle and bustle.  We often hear of people searching for accommodation away from the city centres. Even the real estate companies have started enticing home investors to green, sprawling areas within the gated society of course. Mythbuster Pooja Even our markets are overcrowded and to add to our woes, there is so much of vehicular pollution and noise, that one may feel like avoiding going to the market or stepping out of the home. Parking hassle is another big issue. So, is there a solution? What if you have a neighbourhood market or streets which are pedestrian-friendly minus the ve...

Searching Bubbles in the state of Stagnancy – Real estate projects to watch out

The real estate market in Delhi went through a trauma after being hit by the powerful trio of demonetisation, new real estate regulatory law (RERA) and GST.  Sales dipped by 26% and the regions are now struggling to deal with the unsold inventory. Mythbuster Anushree It is estimated that the entire inventory in the NCR would take around 4 years to settle, during which the developers and buyers have to face the consequences. As the economy is taking its sweet time to heal the wound, real estate is one of the strongly smacked segments with uncertain future. The current situation is unfit for the investors to take risks in the capital region. This Diwali a 50% drop in the new housing launches has been observed.  However, as real estate plays a significant role in the daily life of the residen...

JK Cement all set to host the 26th edition of Architect of the Year Awards

JK Cement will announce the 26th Architect of the Year (AYA) Award-2017 on September 17, 2017, in Coimbatore. The prestigious award is JK Cement’s annual flagship event and is aimed at recognizing and encouraging remarkable talent in the field of architecture. RM Correspondent Some of the most prestigious categories at the AYA include Architect of the Year, the Great Master’s Award, the Young Architect Award and the Foreign Countries Architect Award. The jury for the award includes renowned names in the field of architecture (refer list). The revolving category this year is affordable housing, which is in line with the Hon’ble Prime Minister’s vision of providing housing for all. Dr. K. Radhakrishnan, currently advisor and former Chairman of Indian Space Research Organisation will grace th...

Are you Investing In the Properties Near Expressways Or Highways?

 The premium attached to properties in an integrated township close to an expressway or highway is higher. However, the additional investment is definitely worth it. Apart from the ease and quality of life, they also enjoy a much higher resale value on the property market. Anil Pharande, Chairman – Pharande Spaces Many developers are at great pains to point out that their projects are close to a major highway or expressway while marketing them. Obviously, there is a lot of notional value attached to homes which enjoy such a locational advantage. However, there can be both advantages and disadvantages to buying a home which adjoins or is close to a major highway. Both should be considered before investing in a property. In cities like Pune and Mumbai, inter-city connectivity is litera...

Noida or Gurgaon: Let the Better Urban Planning Win

“Urban Planning is critical, its importance can be seen at NCR’s two main cities, Noida and Gurgaon. Their basic infrastructures and the town planning differ a lot. On one hand Gurgaon suffers with regular traffic logjam even in a slightest of the rain, Noida, on the other hand, enjoys wide sector roads and proper sewer systems” Kriti Singh Delhi NCR has always been one of the prime real estate markets in India. The location has its own advantages. Apart from being the hub of all political activities, it is a cluster of major cities which, together house offices of almost all the major companies operating in India. Though NCR is expanded to many miles, it is primarily five cities which comprise the majority of its operations. The cities are Delhi, Noida, Gurgaon, Faridaba...

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