Smart Cities A Modern Vision of Urbanization in India

Across the world, the stride of migration from rural-urban areas is increasing. By 2050, about 70 per cent of the population will be living in cities, and India is no exception. India will need about 500 new cities to accommodate the rapid influx of population into its urban regions. Interestingly, urbanization in India has, for the longest time, been viewed as a by-product of failed regional planning. Though this is inevitable, and will only change when the benefits of urbanization overtake the costs involved, it is an opportunity for achieving faster growth.

With increasing urbanisation and the load on the land in rural areas, the Indian government has now realised the need for cities that can cope with the inherent challenges of urban living and also be magnets for investment to catalyst the local economies. The announcement of ’100 smart cities’ falls in line with this vision.

A ‘smart city’ is an urban region that is highly advanced in terms of overall infrastructure, sustainable real estate, communications and market viability . It is a city with information technology as its principal infrastructure and the very basis for providing essential services to its residents. There are many technological platforms involved, including but not limited to automated sensor networks and data centers. Though this may sound futuristic, it is now likely to become a reality as the ‘smart cities’ movement unfolds in India.

A smart city offers a superior way of life to its denizens, and one wherein, economic development and activity is sustainable and rationally incremental by virtue of being based on success-oriented market drivers such as supply and demand. They literally benefit everybody, including denizens, businesses, the government and moreover, the environment.

Origins of the ‘Smart City’ Concept

The concept of smart cities originated at the time when the entire world was facing one of the worst economic crisis. In 2008, IBM began work on a ‘smarter cities’ concept as part of its smarter planet initiative. By the beginning of 2009, the concept had captivated the imagination of various nations across the globe.



Countries like South Korea, the United Arab Emirates and China, began to invest heavily into research and the formation of smart cities. Today, there are a number of excellent precedents that India can emulate for its own smart cities programme: Smart City Vienna in Austria Aarhus Smart City in Denmark Amsterdam Smart City Cairo Smart Village in Egypt Dubai Smart City and Dubai Internet City in the UAE Smart City Lyon in France Smart City Málaga in Spain Malta Smart City The Songdo International Business District near Seoul, South Korea Yokohama Smart City in Japan Verona Smart City in Italy

Smart Cities in India

In India, the cities that have ongoing or proposed smart cities include Kochi in Kerala, Ahmedabad in Gujarat, Aurangabad in Maharashtra, Manesar in Delhi NCR, Khushkera in Rajasthan, Krishnapatnam in Andhra Pradesh, Ponneri in Tamil Nadu and Tumkur in Karnataka.
Many of these cities will include special investment regions or special economic zones with modified regulations and tax structures aimed at making it easier and more attractive for foreign companies to invest in them. This is an essential factor for success for smart cities in India because much of the funding for these projects will have to come from private developers and from abroad.

Challenges

The smart city concept is not without challenges, especially in a country like India. For instance, the success of such a city depends on its residents, entrepreneurs and visitors to the city becoming actively involved in energy saving and implementation of new technologies. There are many ways to make residential, commercial and public spaces sustainable by ways of technology, but a high percentage of the total energy use is still in the hands of end-users and their behaviour. Also, there is the time factor such cities can potentially take anything between 20-30 years to build.

Source : Times of India 

Price Trends for Alwar Bypass Road

Alwar Bypass Road is one of the conspicuous areas in Bhiwadi. The price trends on Alwar Bypass Road have been seeing different good and bad times. The value for every sq. ft. was at Rs 2250 in Jan - Mar 2013 quarter and after that value acknowledged to Rs 2280 for every sq. ft. in the quarter of April - June 2013. In the July-Sep quarter of 2013, the territory value acknowledged to Rs 2311 for every sq. ft. In the Oct-Dec quarter of 2013, the area value acknowledged to Rs 2490 for every sq. ft. In the Jan-Mar quarter of 2014, the area value acknowledged to Rs 2520 for every sq. ft. In the April - June quarter of 2014, the region value acknowledged to Rs 2572 for every sq. ft.

Price Trends for Alwar Bypass Road

Property Type in Alwar Bypass Road

Project Distributions  Alwar Bypass Road

Courtesy : Commonfloor.com 

A Home Not Far Away

Purchase a home for yourself in the not so distant future. 

In the event that you discover the snare appealing enough, the Rs 25-lakh advance top and high property costs mean you have restricted choices in the event that you can't make an enormous up front installment. One choice is purchasing a house at spots not a long way from metro urban communities where costs are on the lower side. Regardless of the fact that you would prefer not to move far from the fundamental city, the exceptional yields that some of these new areas guarantee implies the house might be utilized as an extension to the particular case that you need to live in.

THE ALTERNATIVES 

With enhancing integration, growing urban communities and climbing property costs, more home purchasers are taking a gander at spots near metro urban communities. Engineers are likewise wagering enthusiastic about such areas.

Some rising areas are Manesar (Haryana), Neemrana (Rajasthan), Narela (Delhi), Dharuhera (Haryana), Bhiwadi (Rajasthan), Yelahanka (Karnataka) and Ranjanapada (Maharashtra). Knight Frank India, a property consultancy, recorded Manesar, Neemrana, Narela, Yelahanka and Ranjanapada as "concealed jewels" in a report discharged towards the end of a year ago.

"Purchasing property in an area that is generally joined and an approaching modern center is adept not just from the end-client perspective additionally from the speculation perspective," says PS Jayakumar, overseeing executive of Value and Budget Housing Corporation (VBHC), a Bangalorebased designer with concentrate on ease homes.

"The Delhi-National Capital Region (Delhi-NCR) ought to be a decent wagered, however purchasers need to be mindful of two circumstances one, monetary advancement in the range and, two, ascent in stock with an extensive number of new properties getting prepared," says Ankur Gupta, joint overseeing executive of Delhi-based Ashiana Housing.

To pull in both financial specialists and first-time purchasers, designers are putting forth properties in various objectives near metro urban areas. Some of these are liable to give great returns through the years .

Bhiwadi and Dharuhera are overall joined with Gurgaon and Delhi through National Highway 8. These are at a separation of around six km from one another.

"I will take Bhiwadi and Dharuhera as one area. These have ended up industry center points on the Delhi-Mumbai Industrial Corridor (DMIC). Organizations, for example, Honda, Gillette and Lafarge have set up plants there and numerous others are considering extension (there). Foundation, for example, schools, shopping centers and healing facilities is heading up in a huge manner and will make life less demanding," says Gupta.

The DMIC task means to make new mechanical focuses in seven states-Delhi, Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra-through better rail and street network. It is adjusted to a proposed rail cargo passage in the middle of Delhi and Mumbai. In this present year's Union Budget, the administration has communicated eagerness to give extra supports to the venture. The principal stage is slated for finish in 2018.

"Bhiwadi has properties evaluated between Rs 15 and Rs 70 lakh while properties in Dharuhera begin from Rs 15 lakh and go up to Rs 1 crore and then some. Contingent on the time it will take to fabricate the modern passage, both areas will offer lucrative returns," says Raj Sharma, overseeing executive, Bestpropertydeals.co.in, a business site.

Most purchasers in these areas are not end-clients. "Just 20-25 for every penny houses dispatched there have been purchased by end-clients. The target gathering is individuals living on rent in Gurgaon," says Sharma.