Latest Real Estate News Delhi, India - Real Estate market in india

smart cities

CII-CBRE launches a joint report: ‘Real Estate – A Relook’

CII in association with its knowledge partner CBRE, today released a joint report ‘Real Estate – A Relook’ at the XV edition of its flagship conference on Real Estate – CII CBRE REALTY 2019. Addressing the real estate fraternity at the conference, Mr. Hardeep Singh Puri, Hon’ble Minister of State for Housing and Urban Affairs, Civil Aviation (I/C) and Commerce & Industry, Government of India said, “Introduction of RERA has led to a truly revolutionary phase in the history of real estate. With the transparency, reforms, and regulation that these new policies have brought to the sector, now is the time to enter into the new technology-driven approach; building green and eco-friendly homes.” The CII-CBRE knowledge paper ‘Real Estate – A Relook’ was unveiled by Mr. Hardeep Singh Puri...

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 ...

Target of Housing For All by 2022 will be met two years in advance: Hardeep Singh Puri

The mega mission of the Modi government to provide a roof over the head of each Indian household by 2022 is a highly ambitious agenda that faces formidable challenges but Minister of State (I/C) for Housing and Urban Affairs Mr. Hardeep Singh Puri set the temperatures soaring further high when he announced that his ministry is all charged up to meet this target two years in advance, that is, by 2020. Mr. Puri also made a significant point that while in the Congress-rule, urban rejuvenation programs received a sanction of Rs 150000 crore, in the present dispensation’s rule this figure has gone up by six times. Soon out of 100 Smart Cities announced, the government will be able to roll out 50 smart cities by December 2019, he revealed. “The 2022 target of a pucca home with basic facilities i...

The government should lower GST to encourage Co-working sector

by Manas Mehrotra, Co-working spaces have now become the buzz word in India’s commercial realty segment due to the voluminous demand for shared working spaces in the recent past. While the demand for coworking spaces continues to rapidly across India, there are some key changes that co-working firms are expecting around GST and taxation in the upcoming Budget. Input tax credit under GST is an important issue that concerns the sector. The companies are expecting that the government would enable co-working firms to claim input credits on work contract and construction services supplied, as detailed under GST provisions. This would check the increased outflow of cash that co-working firms are currently experiencing. The firms are hoping that input tax credit under GST be extended to developer...

Smart Cities and Their Ground Reality – RealtyMyths

by Akhilesh K Prasad The Smart City project announcement was a big step taken by the Modi government in the run up the Lok Sabha elections of 2014. A total of 100 cities were to be selected under the scheme, to be developed as ‘Smart Cities.’ As the second term of Modi government begins, hereinafter let’s review ‘Smart Cities’ development in the last 4 years. The SCM projects were supposed to be funded by a convergence of resources, inclusive of the central and state governments, local bodies and external funds. 20% of the funding was proposed to be raised via a public-private partnership (PPP). The Central government proposed to extend financial support up to Rs. 500 crore each to these cities over a period of 5 years. State governments and Urban Local Bodies (ULBs) were to contribute an ...

Smart Cities: The Next Digital Frontier for India – RealtyMyths

by Akhilesh K Prasad The government of India launched its Smart Cities Mission (SCM) in June 2015 amidst much fanfare. The objective of the project was to promote sustainable and inclusive cities that provide core infrastructure, give a decent quality of life to its citizens, and a clean and sustainable environment with the application of ‘Smart Solutions’ for convenience. Thus the thrust is on making the country digitally empowered by improving infrastructure for the delivery of services online.  Digitization goes beyond simple automation and modernization. It refers to the development, operation and maintenance of background technological environment including the infrastructure within government organizations. With the adoption of smart technologies, Smart Cities are said to be the digi...

Oil Companies should become Energy Companies for India to move away from fossil fuels; Amitabh Kant

No road tax for EV’s proposed  Energy Storage India 2019 begins with power packed sessions to drive India’s Energy Storage Leadership on a world map  Global think tanks, Industrialists, experts and policymakers from over 25 countries shared actionable insights for India’s growth in RE and Energy Storage Implementation of National Energy Storage Mission has become India’s priority to secure the leadership slot in RE and Energy Storage on a global platform. In its endeavour to drive India’s ambitious National Energy Storage Mission, Energy Storage India (ESI) today begins with power packed sessions from International thinkers, industry experts, eminent industrialists and topmost policymakers. Shri Suresh Prabhu, Honourable Minister for Industry and Commerce addressed the Make in India sessio...

Drones: the next big disruptive innovation in the Indian construction industry

Authored by Mr AV Antao, Chief Operating Officer, Synergy Property Development Services Construction is one of the most dynamic, responsive and unique sectors in the Indian economy. It contributes significantly to the country’s economic development by generating output, creating jobs and facilitating income generation. The Indian construction industry is undergoing a seismic transformation, with technology playing a pivotal role in shaping the industry. One new-gen technology that is gaining interest in the construction industry is the usage of drones. It is poised to serve as an effective medium towards building smart cities in a cost-effective, faster and safer manner with optimum utilisation of skills and efforts. It is expected that in the next 10 years, the use of drones in constructi...

RM Podcast – How serious authorities are in a city’s development

India is experiencing a rapid urban growth in a context where city governments are weak or non-existent. Governments come and go, the deficiencies lie with authorities. This reflects structural and institutional problems that will not be resolved by advanced data systems or sensor-equipped infrastructure networks. At one hand where the government is planning to digitise the entire nation and banking heavily on its Smart Cities project there on the other hand the authorities are busy filling up their pockets. The Smart Cities mission looks like a distant dream if authorities will work at the current pace. Where the problem lies?                                   The city development authorities regularly prepare plans but rarely implement. In India, floods are a common occurrence every mons...

YES BANK becomes 1st Bank in India to Partner 10 Smart Cities to Tackle Urban Development Challenges, Bosch and Dell EMC Pledge Support

YES SCALE Smart City Accelerator to engage startups to ‘Innovate for India  Accelerator will focus on leveraging emerging technologies like Blockchain, IoT and AI, & analytics to address smart city challenges Technology Infrastructure Support: Bosch and Dell EMC Digital Cities to provide testing, development, and deployment infrastructure support to help startups implement their solutions A focus will be on the development of Intelligent, Optimized public transit systems, water management & air pollution monitoring systems Mentorship support through 50+ Technology and scale up experts from world-over YES BANK, India’s fourth largest private sector bank, announced a partnership with 10 leading smart cities in India to launch an industry-first ‘Collaboration-as-a –Service’ platform t...

Regenerating the Life Line of the Smart Cities

by Anushree Ghosh Smart Cities And The Automated Transportation System The Automated transport system is a highly advanced and innovative technique to upgrade the different modes of transportation. Executed perfectly, it will revolutionise the way people commute. It will reduce the emission of greenhouse gases by 20% by 2020. To maximise the effectiveness, real time traffic needs to be connected to the central system in real time. For instance, a point where traffic crosses from all the  four directions, if programmed intelligently to handle the crossings, it can save fuel and time simultaneously. Also, the use of autonomous vehicles, i.e. which are driven by computer programs without any human control, and are capable of finding and reacting to obstacles. To conclude, the use of computer ...

JLL Spark announces US$100 million global venture fund

JLL Spark, announces today the creation of JLL Spark Global Venture Fund, which plans to invest up to US$100 million in companies focused on leveraging technology to improve everything from real estate development and management to leasing and investing, while enhancing the experience of those who occupy it. The fund will help entrepreneurs and their companies by connecting them with JLL’s business lines and clients for insightful feedback and product distribution. According to a recent report by JLL and Tech in Asia, proptech start-ups in Asia Pacific are outpacing their counterparts in Europe and the United States with 179 of them raising around US$4.8 billion in funding between 2013 and mid-2017 – over 60 percent of the global total. It forecasts that funding for proptech start-ups in t...

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.