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Smart Cities Risk Curtailing Potential by Prioritising Technology Over People
India’s Smart City Mission faces hurdles similar to other such global missions. The Mission will benefit hugely under the NDA Government’s second term. A human-centric approach to develop smart cities, innovative financial solutions to attract the private sector and the elimination of bureaucratic bottlenecks will lead to Mission’s success. The real estate sector can play a key role in making smart cities work for their residents, says new research from JLL.
Read MoreThe Real Estate Milestones Of Independent India
As the country will soon complete seven decades of independence, it’s worthwhile to remember the milestones that have had a long lasting impact on India’s real estate industry
Read More2016 Sees Lowest Office Vacancy In 8 Years
Vacancy in Bengaluru has reduced from 14.5 per cent in 2010 to 3.8 per cent in 2016. Chennai’s vacancy has come down from 32 per cent in 2010 to 11 per cent today. Hyderabad has also seen its vacancy reduce from 15.5 per cent in 2009 to 9 per cent in 2016. Similarly, in Pune, vacancy has reduced from 17 per cent in 2009 to 5.5 per cent today. The pan-India vacancy is forecasted to increase marginally this year and remain range bound until the year 2019.
Read MorePune Goes Global with Increasingly Taller Skyline
Transit-oriented development and changing homebuyer preferences propel the change
Read MoreSmart Cities: From Drawing Board To Ground Zero
The countries that have signed up to keep global warming limited to less than 2°C’ will have to keep real estate and building energy consumption central among the measures that they will need to institute to support this commitment
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