GST has provided some cushion to under construction projects and marginally brought down prices for affordable housing owing to the input tax credits, but we are yet to see a significant impact in the mid-sized or luxury space.
Headed for smart city mission, the public-private partnership (PPP) is critical among the possible business models. A successful PPP model needs a close coordination between state Governments, civic bodies and the private players.
The day is not far when robots working on project sites will become a common occurrence. Drones- which are already in use to an extent, will constantly scan sites to collect data, predict and solve problems before they arise.
It has been noted that to make a city smart, there’s first a need to understand the behaviour of a city’s assets: its citizens, economy and its environment, with the intent to make the ecosystem predictive and self sustainable.