Monday, 31 August 2015

How smart city tag can transform Ghaziabad realty



The Urban Development Minister, Venkaiah Naidu on Thursday unveiled the names of 98 cities which will come under the scrutiny of a smart city tag. Uttar Pradesh has the largest share of developing 13 smart cities, Ghaziabad being one of them. 

Will this news kick start the real estate market of Ghaziabad which has been stagnant in the last couple of months? ‘Yes,’ say industry experts.  

“The population moving to Ghaziabad over the last decade are salaried professionals, who are mostly tech savvy. Some of them are also concerned about the environment. Smart City is a concept that makes life easier for residents and enhances their quality of life. It is not limited to technology," says Gaurav Gupta, general secretary, CREDAI Raj Nagar Extension.

It includes transportation, waste management, traffic management, etc.  Ghaziabad has been shortlisted for stage 2 of the smart city mission. Everyone including real estate developers will work towards providing such an environment,” he adds.

The development authority plans to put up informative LEDs running on solar energy, free Wi-Fi access to residents of Ghaziabad for a limited period, etc.

Developing Ghaziabad as a smart city, will definitely bring in positive results. Developers will increasingly focus on energy conservation, pollution control and come up with eco-friendly projects that will add value to the lives of the residents also quality of living for residents will improve significantly,” Gupta adds.

Currently, Ghaziabad is going through infrastructural development - from Metro connectivity to flyovers and roads. “We have already executed the first phase of metro line from Anand Vihar to Vaishali. In the second phase, we are taking the metro from Dilshad Garden to Ghaziabad new bus stand through Mohan Nagar. In the third phase, we are planning metro line from Sector 62, Noida to Indirapuram CISF Road," says VK Goel, chief engineer, Ghaziabad Development Authority.

Further, there is a proposal in pipeline from Indirapuram CISF Road to Link Road and Vaishali to Mohan Nagar. The related Detailed Project Reports (DPR) are under preparation,” he adds.

Expert says that if the above mentioned development successfully completes and the government starts its process of converting the city into a Smart City, then it will push the property values significantly. “The announcement of it will only help in pushing up the values in the next 6 months or so, by at least 10-15 per cent. Once the metro and other infrastructures gets completed, property prices can grow even further,” says Ankur Budhiraja, AB Corporations, a local real estate agent. 
Ghaziabad might be considered as the city to invest. Under the smart city tag, it will definitely progress and being close to Delhi will boost its prefer-ability amongst buyers in months to come. Make an investment when the property prices are still lower and make the most of the opportunity.
Source: Magicbricks 

Sunday, 30 August 2015

305 cities identified under 'Housing for All' scheme

The government has identified 305 cities and towns across nine states for implementation of its ambitious 'Housing for All' scheme.

As many as 305 cities and towns have been identified in nine states for beginning of construction of houses for the urban poor under the scheme, said a senior Housing and Urban Poverty Alleviation (HUPA) Ministry official.

The HUPA Ministry would provide assistance of over Rs 2 lakh crore over the next six years for enabling two crore urban poor own their own houses.
The selected cities and towns are in Chhattisgarh (36 cities/towns), Gujarat (30), Jammu and Kashmir (19), Jharkhand (15), Kerala (15), Madhya Pradesh (74), Odisha (42), Rajasthan (40) and Telangana (34).

Under the 'Housing for All' initiative of the central government, named as Pradhan Mantri Awas Yojana and launched by Prime Minister Narendra Modi on June 25 this year, two crore houses are targeted to be built for the poor in urban areas by year 2022, coinciding with 75 years of Independence.

Besides these nines states, the official said, six more states have signed Memorandum of Agreement (MoA) with the Ministry committing themselves to implement six mandatory reforms essential for making the housing mission in urban areas a success.

The states that have so far agreed to implement the mandatory reform measures are Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Jammu and Kashmir, Jharkhand, Kerala, Madhya Pradesh, Manipur, Mizoram, Nagaland, Odisha, Rajasthan, Telangana an and Uttarakhand.
By signing the MoA, the states agreed to make necessary changes including doing away with the requirement of separate non-agricultural permission in case land falls in residential zone earmarked in Master Plan of city or town and preparing or amending Master Plans earmarking land for affordable housing, among others.

Other reforms include putting in place a single-window and time-bound clearance system for layout approvals and building permissions, doing away with approvals below certain built-up area size in respect of economically weaker sections and low income groups.

Legislating or amending existing rent laws on the lines of the Model Tenancy Act circulated by the Ministry and to provide additional Floor Area Ratio (FAR)/Floor Space Index/Transferable Development Rights (TDR) and relax density norms, for slum redevelopment and low cost housing are other reforms to be carried out by states as per the MoA.


Under the urban housing mission, the Centre will provide an assistance in the range of Rs 1 lakh to Rs 2.30 lakh per unit under different components of the scheme including in-situ redevelopment of slums using land as resource, credit- linked subsidy scheme, affordable housing in partnership, and beneficiary led individual construction/improvement. 

Thursday, 27 August 2015

Realtors demand effective implementation of smart cities project

Real estate industry today hailed the announcement of 98 Smart Cities, but said the government should aggressively focus on effective implementation of these projects.
NEW DELHI:  Real estate industry today hailed the announcement of 98 Smart Cities, but said the government should aggressively focus on effective implementation of these projects to stimulate economic growth and improve quality of urban life. 

The Confederation of Real Estate Developers' Association of India (CREDAI) also demanded that the private sector should be roped in to realise this mission. 

The Centre today released the names of 98 cities selected for the Rs 48,000-crore mega Smart Cities project. The remaining two names are pending. 

Uttar Pradesh has the maximum of 13 cities to be developed as smart cities, followed by 12 in Tamil Nadu, 10 in Maharashtra and 7 in Madhya Pradesh. 

"It is a good initiative by the government but this should be followed through aggressively so that the implementation of Smart Cities become a reality. Private sector should be roped in to realise this mission in whatever way possible," CREDAI President  Getamber Anand said. 

Property consultant CBRE's  South Asia CMD Anshuman Magazine said the successful development of these Smart Cities would now hinge on their effective implementation and monitoring at both central as well as state levels. 

"Huge fund mobilisation, government capacity building at the state and city level and public private partnerships will be required for development of these cities. This can be a game changer for India as it can stimulate economic growth, besides improve the quality of life for millions of people," Magazine added. 

Another realty consultant JLL India's Managing Director - (Infrastructure Services) Shubhranshu Pani said the smart city initiative would give a much-needed boost to the cities and improve the infrastructure liveability quotient of urban India. 

"More importantly, it will boost employment because of the new projects being executed, which in turn will improve the country's GDP. The phased approach of deployment, starting with 24 this year and 40 next year and so on is definitely the right way to go," Pani added. 

The  JLL official also said that many of the Smart Cities projects would need significantly more funding than initially envisaged by the government. 

"The scale of funding will be as high as 20-40 times the resources allocated by the government. Many urban local bodies are not geared up for this to raise that much public money, as their books are in deficit and loss. Superior funding mechanisms have to be brought out," he added.

Source: PTI

LIST OF SMART INDIA DECLARED

Taking another giant leap forward, the BJP-led NDA government today declared the list of 98 out of 100 cities for the round 1 to be developed under the Smart India Mission that also accounts to 35 percent of India’s urban population. The list declared includes 12 cities for Uttar Pradesh (U.P.) shortlisted against the 13 nominated, 12 cities for Tamil Nadu, Maharashtra got 10, Madhya Pradesh 7, Gujarat and Karnataka gets 6 each, Rajasthan and West Bengal 4 each, Andhra Pradesh, Bihar and Punjab 3 each, 2 each for Odisha, Telangana, Chhatisgarh and Haryana, 1 each for Andaman & Nicobar Islands, Arunachal Pradesh, Assam, Chandigarh, Daman & Diu, Dadra & Nagar Haveli, Delhi, Goa, Himachal Pradesh, Jharkhand, Kerela, Lakshadweep, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Tripura and Uttarakhand nominated. The remaining 2 cities will be declared later as Jammu & Kashmir wanted more to time to decide between Jammu and Srinagar for their nomination and U.P. has got one less. A total central funding of Rs. 48,000 crores for smart cities was declared on 25th June when our Hon’ble Prime Minister Narendra Modi launched the Smart India Mission. As per the five year plan for smart cities, the government will allocate Rs. 200 crore this year and follow up with Rs. 100 crore every year for remaining four years. Of those chosen for the smart cities project, 24 are capital cities, 24 are business hubs and 18 are cultural centres. The top 20 cities will be financed this year and the rest of the cities will be asked to overcome their deficiencies and prepare for round 2 of the competition. In the next 5-6 years, Rs. 3 lakh crores will be spent in developing the towns to provide world-class infrastructure, sustainable environment and smart solutions.

Uttar Pradesh gets the biggest chunk:
The most populous and politically vital state of India, U.P. has got 12 cities against 13 nominated namely; Moradabad, Aligarh, Saharanpur, Bareilly, Jhansi, Kanpur, Allahabad, Lucknow, Varanasi, Ghaziabad, Agra and Rampur that accounts to a joint population of 1,53,30,266. Mr. Deepak Kapoor, President-CREDAI Western U.P. & Director, GulshanHomzavers “It was extremely important that Uttar Pradesh got the maximum of the smart cities being the most populous of the states of India. The cities shortlisted are most apt to become the smart cities for this state due to agricultural, industrial, manufacturing and service sectors being the prime contributors. At the same time, U.P. as a state has also got most major infrastructural links and future plans well laid to justify being the maximum getter from this list. Uttar Pradesh has not only being independent for its survival but plays a crucial role in shaping up neighbouring states and thus, transforming this state will yield better results in future”. Adding to the view, Mr. Rajesh Goyal, Vice President-CREDAI Western U.P. & MD, RG Group says “The most awaited list has finally come out with U.P. and Tamil Nadu leading the way. Speaking about U.P., out of the 13 initial cities shortlisted, the actual 12 best have made through. The list of cities shortlisted for Uttar Pradesh covers almost the entire state with maximum focus on the western and central U.P. as they meet the maximum parameters of being cities of the future. With the boat of Smart India Mission finally set to sail, we will have a different India altogether in the upcoming one decade”.

From the very first day when the plan of Smart IndiaMission was launched; Uttar Pradesh was destined to get the maximum smart cities. The state of U.P. was created on 1st April, 1937 as the United Provinces, and was renamed Uttar Pradesh in 1950. Lucknow is the largest city and the capital of U.P. The other key cities such as Ghaziabad, Kanpur, Bareilly, Aligarh, Varanasi and others play a crucial role in shaping up the state into an industrial hub of the country. U.P. shares its boundary with 8 states and 1 country to its north and covers almost 2,50,000 sq. kms., equal to 7 percent of the total area of India; and is the fourth largest Indian state by area. The state also boasts of being among the top 3 states in the country contributing maximum to the Indian Gross Domestic Product (GDP). “History has been a witness to how important role U.P. has played in developing India since its very independence. It is great to see that U.P. tops the list for maximum number of smart cities in the country. At present also, there is a lot of infrastructural work carried throughout the state which will act as a perfect catalyst for the development of smart cities in U.P. Smart cities will assist in enhancing the lifestyle of people which will help in making them more efficient and effective, that directly contributes to growth of a region”, explains Mr. KushagrAnsal, Director, Ansal Housing.
“Developing Smart Cities will be like revamping the existing ones into better and much proficient cities that will not only promote growth of the region but provide a better living style to its residents. Development of smart cities will largely attract job employment, FDI, infrastructural growth and economic development of a region which will directly add to the GDP of the country and progress of Uttar Pradesh as a state”, states Mr. Amrit Pal Singh, Executive Director, Aprameya Group. Also agrees Mr. Ankit Aggarwal, CMD, Devika Group, as he says “There exist a ripple effect of growth in the neighbouring areas once a region observes independent growth. The refurbishing of the 12 cities of Uttar Pradesh will act as a push to their nearby regions. For instance, Ghaziabad as a smart city will promote development of Noida, Greater Noida, Yamuna Expressway and other such nearby regions. Thus, the 12 smart cities will have a multiplier effect on the other regions that will develop the entire state and consequently, the country”.

India on road to development:
With the list of 98 citiesout; now we are talking development of the nation. A decision that every citizenof this country has been dreaming for the last one year is now becoming real. It is to be understood that not only will the 98 cities witness development across the nation but to develop those smart cities, neighbouring and related cities will have to be bought to a bare minimum development graph to support the smart cities around. The division looks just and logical with almost every key contributing city being touched. “The day is not far now when we’ll see smart cities up and running in India asnow we are moving towards a healthy and much sustainable environment. Almost 35 percent of India’s urban population falls within these 98 cities that will now see a major mental and physical makeover of its population. The road to India’s development is now becoming fairly visible that will be most significant to bring this country on the global map”, claims Mr. Dujender Bhardwaj, Director, Marina Suites.

The development of smart cities will pave way for global giants to invest in India in a big way thereby enhancing the FDI inflow for the country in the form of liquidity, manpower, technology and knowledge. This will in turn help in boosting the economic and human development of the country. “Our country is now fully prepared to develop into a smart nation with smart people. In order to ensure smooth development of smart cities; it will be most imperative that the central and state governments work hand-in-hand with each other in implementation of plans and procedures. Clearing the land and GST bill has become the need of hour now and providing timely clearance to projects will be most crucial, only then can we see timely execution of smart cities in our country”, concludes Mr. Rajnikant Sharma, CMD, RJ Group.

List of 98 cities shortlisted for stage-2 of Smart Cities Mission:
S.No.
Name of State/UT
No. of Cities shortlisted
Names of Potential Cities shortlisted
Population of cities
1
Andaman & Nicobar Islands
1
1.      Port Blair
1,40,572
2
Andhra Pradesh
3
1.      Vishakapatnam
2.      Tirupati
3.      Kakinada       
18,78,980
3,74,260
3,50,986
3
Arunachal Pradesh
1
1.      Pasighat
24,656
4
Assam
1
1.      Guwahati
9,62,334
5
Bihar
3
1.      Muzaffarpur
2.      Bhagalpur
3.      Biharsharif
3,93,724
4,10,210
2,96,889
6
Chandigarh
1
1.      Chandigarh
10,55,450
7
Chhattisgarh
2
1.      Raipur
2.      Bilaspur
10,47,389
3,65,579
8
Daman & Diu
1
1.      Diu
23,991
9
Dadra & Nagar Haveli
1
1.      Silvassa
98,032
10
Delhi
1
1.      New Delhi Municipal Council
2,49,998
11
Goa
1
1.      Panaji
1,00,000
12
Gujarat
6
1.      Gandhinagar
2.      Ahemdabad
3.      Surat
4.      Vadodara
5.      Rajkot
6.      Dahod
2,92,797
55,77,940
44,67,797
17,52,371
13,23,363
1,30,530
13
Haryana
2
1.      Karnal
2.      Faridabad
3,02,140
14,14,050
14
Himachal Pradesh
1
1.      Dharmashala
22,580
15
Jharkhand
1
1.      Ranchi
10,73,427
16
Karnataka
6
1.      Mangaluru
2.      Belagavi
3.      Shivamogga
4.      Hubballi-Dharwad
5.      Tumakuru
6.      Davanegere
4,84,785
4,88,292
3,22,428
9,43,857
3,05,821
4,35,128
17
Kerala
1
1.      Kochi
6,01,574
18
Lakshadweep
1
1.      Kavaratti
11,210
19
Madhya Pradesh
7
1.      Bhopal
2.      Indore
3.      Jabalpur
4.      Gwalior
5.      Sagar
6.      Satna
7.      Ujjain
19,22,130
21,95,274
12,16,445
11,59,032
2,73,296
2,80,222
5,15,215
20
Maharashtra
10
1.      Navi Mumbai
2.      Nashik
3.      Thane
4.      Greater Mumbai
5.      Amravati
6.      Solapur
7.      Nagpur
8.      Kalyan-Dombivall
9.      Aurangabad
10.  Pune
11,19,000
14,86,000
18,41,000
1,24,00,000
7,45,000
9,52,000
24,60,000
15,18,000
11,65,000
31,24,000
21
Manipur
1
1.      Imphal
2,68,243
22
Meghalaya
1
1.      Shillong
3,54,325
23
Mizoram
1
1.      Aizawl
2,91,000
24
Nagaland
1
1.      Kohima
1,07,000
25
Odisha
2
1.      Bhubaneshwar
2.      Raurkela
8,40,834
3,10,976
26
Puducherry
1
1.      Oulgaret
3,00,104
27
Punjab
3
1.      Ludhiana
2.      Jalandhar
3.      Amritsar
16,18,879
8,68,181
11,55,664
28
Rajasthan
4
1.      Jaipur
2.      Udaipur
3.      Kota
4.      Ajmer
30,73,350
4,75,150
10,01,365
5,51,360
29
Sikkim
1
1.      Namchi
12,190
30
Tamil Nadu
12
1.      Tiruchirapalli
2.      Tirunelveli
3.      Dindigul
4.      Thanjavur
5.      Tiruppur
6.      Salem
7.      Vellore
8.      Coimbatore
9.      Madurai
10.  Erode
11.  Thoothukudi
12.  Chennai
9,16,674
4,74,838
2,07,327
2,22,943
8,77,778
8,31,038
5,04,079
16,01,438
15,61,129
4,98,129
3,70,896
67,27,000
31
Telangana
2
1.      Greater Hyderabad
2.      Greater Warangal
67,31,790
8,19,406
32
Tripura
1
1.      Agartala
4,00,004
33
Uttar Pradesh*
12
1.      Moradabad
2.      Aligarh
3.      Saharanpur
4.      Bareilly
5.      Jhansi
6.      Kanpur
7.      Allahabad
8.      Lucknow
9.      Varanasi
10.  Ghaziabad
11.  Agra
12.  Rampur
8,87,871
8,74,408
7,05,478
9,03,668
5,05,693
27,65,348
11,12,544
28,17,105
11,98,491
16,48,643
15,85,704
3,25,313
34
Uttarakhand
1
1.      Dehradun
5,83,971
35
West Bengal
4
1.      New Town Kolkatta
2.      Bidhannagar
3.      Durgapur
4.      Haldia
36,541

6,33,704
5,71,000
2,72,000
36.
Total - 35
98
98
11,01,18,799

*12 cities have been shortlisted from Uttar Pradesh against the 13 cities allocated.

Note: Jammu & Kashmir has asked for more time to decide on their potential Smart City.