Tag Archives: Smart City

Guy Perry joins Essel Infraprojects as head of its smart city business

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Perry’s appointment to help build cross disciplinary teams for building integrated, inclusive and sustainable cities.

Guy Perry, Essel Infraprojects, Smart City, India real estate news, Indian property news, NRI investment, Smart City in India, Track2RealtyEssel Infraprojects Limited has appointed Guy Perry, President – Cities & Strategy, Essel Infraprojects Ltd.  Perry will drive EIL’s agenda for smart city business which is poised to grow by leaps and bound with Government of India’s 100 smart cities programme gaining momentum across the country.

EIL values natural resources and the importance of using them in a sustainable fashion. And with Green at the core, EIL offers solutions which protect our environment and thus contribute to the overall welfare of our citizens.  These values form the core of EIL’s vision for smart cities.

Welcoming Perry on board, Essel Infraprojects Limited’s Chief Executive Officer Ashok Agarwal said, “Mr. Perry’s joining the company, clearly highlights EIL’s commitment towards acquiring new talent both in domestic and global markets across domain expertise.  Mr. Perry’s expertise and vision will further enhance the capabilities of the company for conceptualising and executing the smart city projects in India.”

Commenting on his decision to come to India and join Essel Infra Perry said, “With the Indian Government announcing it’s mission to build 100 smart cities, I see exciting times ahead for professionals like me, who has been working in the field of building sustainable cities around the globe for almost three decades.   I am particularly delighted to join a forward looking company like EIL which is India’s only integrated smart city developer and has the vision and demonstrated capabilities to develop sustainable smart cities of the future. I not only want to bring best practices from around the world to India, but to make Indian cities a globally leading model for human focused sustainable development.”

Perry has 3 decades of experience in urban planning, designing and developing smart cities across the globe and has a long exposure to Asia-Pacific market.  Prior to joining EIL, Mr. Perry worked as an Executive Director, Asia-Pacific, at AECOM, one of world’s leading fully integrated technical service firm which designs, builds, finances and operates infrastructure projects across the globe.

Perry has practiced in Asia, Europe, North Africa, the Middle East, Brazil and North America.  Projects he has led include; the smart ARQ district development strategy in Hong Kong, the 250 hectare Miasteczko Wilanow district in Warsaw, the Corvin Promenade urban regeneration in Budapest and an award winning conservation strategy for 8,000 Km2 of the Amazon Rainforest. He was the lead international consultant for the winning Clark Green City strategy in the Philippines and for two of the first round qualifying Indian Smart City projects.

He has also played the key role in the creation of Porto Montenegro, the re-development of the Gdansk Solidarity Shipyard site and in establishing a regeneration strategy for historic Shantou, China.  He began his career planning and designing key components of the Barcelona Olympics

Perry lays particular emphasis on creating cross disciplinary teams for building environmentally sustainable cities which include planners, architects, engineers, scientists and management and construction services professionals and has redefined standards for providing sustainable solutions with integrated services for large, complex and multidisciplinary projects. He combines design and development expertise to create economically viable, sustainable, human health focused environments.

Perry who has earned the top honors from the Urban Land Institute (ULI), ISOCARP, FIABCI and the International Academy of Design and Health. He received distinctions from Architecture Review and the Guangzhou Awards for Urban Innovation, has also coordinated an Emmy Award winning Smithsonian film on Japanese Gardens. Perry was the head of the Jury for the coastal master planning extension of Shantou, China and has organized multi-disciplinary urban design exercises for his students at MIT, Harvard and the University of Hong Kong, throughout the world, including in India.

Perry holds two master degrees from Harvard University where he graduated with distinction. He has received fellowships from the Urban Land Institute, the Skidmore, Owings and Merrill Foundation. Mr. Perry first traveled to India in 1988 with a Harvard – Druker Fellowship.

Three jewels of Navi Mumbai

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Track2Realty Exclusive

india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Navi Mumbai, Hot property locations, Smart City, Track2Media Research, Track2RealtyWhen a broker recently suggested Himanshu Kapadia that he should better invest in Ulwe, Dronagiri or Nerul of Navi Mumbai this engineer thought the greedy broker is selling the properties out of which he could make more brokerage. There was nothing common between these three locations and even in terms of price point of the residential properties the three given markets had a different profile.

While the capital values of the residential properties in Nerul is around Rs. 9000-14,500 per sq feet, Ulwe property costs somewhere around Rs. 4600-7000 and Dronagiri property rates are between Rs. 3600-5000 per sq feet.

The broker was nevertheless firm in his assertion that these three locations are jewels of Navi Mumbai and a real investment magnet. And hence, Himanshu decided to do some in-depth research of the market. He found that the broker had his pulse on the property market in this part of the world and these three locations of Navi Mumbai might be trading at different price points, they have something in common that could give confidence to any homebuyer in any part of the world. That common link is constant appreciation amidst otherwise slowdown spell.

As a matter of fact, when most of the property markets in and around the Mumbai Metropolitan Region (MMR) and Navi Mumbai have either softened up in appreciation or been witness to the price correction, the property markets of Nerul, Dronagiri and Ulwe have shown upward bias, even though only marginally, on quarter-to-quarter basis in the last eight quarters. This is a fantastic performance at a time when even holding the prices at the current level itself has been challenging in many other markets.

Most of the homebuyers in these markets seem to be very bullish on these zones, even though the appreciation has not been very high in this region. They believe that the moderate appreciation also reflects the reality that this market is not attracting the greedy investors; it is an end user driven market. The potential of the region is so high that none of the homebuyers in this market are complaining or repenting their purchase decision. The first movers are rather endorsing this market to be very realistic, reasonable and rational.

Analysts anticipate that the proposed Mumbai Trans Harbour Link project will push these real estate markets since locality is situated towards the end of the upcoming Mumbai Trans Harbour Link that connects Sewri in Mumbai to Nhava Sheva in Navi Mumbai. This link, when completed, will not only cut down the travel time between Mumbai and Navi Mumbai, but will also boost real estate prices here.

Subhankar Mitra, Head – Strategic Consulting (West) JLL India seems to agree with this when he says that the Sewree Navasheva Sea Link will make it feasible to stay at Navi Mumbai and travel to South Mumbai in a shorter time frame. “It is estimated that via the Sewree Navasheva sea link, the CBD  at Nariman Point, Fort and SBD of Lower Parel, etc. could be reached in a shorter time than from the western on eastern suburbs. Once the infrastructure and feeder connections are properly developed, locations like Uran, Ulwe and Dronagiri would see a very perceptible increase in real estate prices,” says Mitra.

Most of the developers active in the region maintain that many of these locations of Navi Mumbai are yet to see the first wave of sizeable appreciation.  Rajesh Prajapati, MD of Prajapati Developers says infrastructure development is the key to any urban development and the various projects initiated by CIDCO (City and Industrial Development Corporation) will go a long way and play a major role in the rapid progress of Navi Mumbai. He is quite bullish over Dronagiri where he believes that apart from the airport, the region will soon witness the execution of Mumbai Trans-Harbour Link that will connect Uran with Sewree.

“We highly recommend house hunters to have a look at Dronagiri as a housing option. Uran also has Navi Mumbai’s only beach that can be developed as a great picnic spot. In the light of these recent developments, Dronagiri stands out as one of the most promising places to invest in due to its attractive pricing. At present the property prices are at a comfortable level, which is one of the lowest in MMR region. The demand for affordable housing has made Dronagiri the most promising residential destination for people to invest,” says Prajapati.

With many ongoing projects moving towards their completion, property prices are bound to shoot up in coming three to four years and because of the low price entry point of Dronagiri and Ulwe analysts do not rule out even hundred pre cent appreciation. Nerul also promises to emerge as one of the most posh and costliest luxury destinations of Navi Mumbai.

Apart from the upcoming infrastructure projects in the region, the shifting of offices in these locations also indicate that the next wave of growth is very much round the corner. It is not just the residential spaces that make a broker call places like Nerul, Dronagiri and Ulwe the three jewels of Navi Mumbai; the economic fundamentals of the region is lending credence to this optimism.

Beyond land use & resource efficiency lies Smart City-I

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RICS, Smart City, Kamal Nath, Urban Development Minister, Ravi Sinha, Track2Media, Track2Realty, Track2Infra India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property ManagementTrack2Realty Exclusive: If Planning, Finance, Technology and Skills are the four key components of smart urban living, India lacks substantially on all the given parameters. While the world is increasingly moving ahead with real estate products adding smart quotient, in India the debate still hovers around unlocking land value & monetizing it after master plan of respective cities failed to adopt the successful global urban experiences. Track2Realty debates whether smart city ingredients should be optional reforms of real estate or made a mandatory provision.

When the European leaders met in September 2012 at Smart Cities Conference in Amsterdam to discuss how to create intelligent cities in an increasingly urbanized world, the focus was on developing low-carbon transport solutions, cutting-edge water/waste networks and renewable energy sources a priority as the continent looks to make its cities more pleasant places to live and more competitive destinations to invest.

Back in India, however, the urban planners seem to be groping at the entry level bottlenecks in that direction. The measures to unlock land value and monetizing it has just started, and that too as an option to meet fiscal challenges.

For long urbanization in this part of the world has been seen as a problem than a viable solution and hence improving land-use, easing congestion, maximising resource efficiency and reducing the environmental impact of our urban spaces been neglected till late.

Moreover, India’s Shanghai dreams revolved around Mumbai and other metropolitan cities, where lack of urban planning and infrastructural bottlenecks left the dream of intelligent cities just that—a dream.

The private developers no doubt have raised the bar in terms of India’s urban living, their world view nevertheless have been confined to mere green buildings and energy efficient buildings while rapid developments in countries like China and South Korea have revolutionized the urban landscape with the introduction of what modern town planners call ‘Smart City’ concepts. And they are not to be blamed for what is predominantly the prerogative of the government in terms of preparing the master plans.

Now that the master plans are ready for seven brand new cities spanning six states through Delhi-Mumbai Industrial Corridor (DMIC), the moot point is whether all the stake holders of India’s urbanisation, realty developers in particular, are ready to take the smart city concept to its next level.

…..to be continued

Kamal Nath promises collaboration with UK to improve urban infrastructure

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RICS, Smart City, Kamal Nath, Urban Development Minister, Ravi Sinha, Track2Media, Track2Realty, Track2Infra India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property ManagementTrack2Realty: Union Minister for Urban Development Kamal Nath has promised to enhance collaboration with UK to improve overall urban infrastructure. He was speaking on Monday, Oct 8, at RICS international conference-Cities 2030: Are we on track?

Alderman David Wootton, The Righteous Lord Mayor of City of London affirmed UK’s support in providing access to finance and liquidity and also the requisite skills and specialism along the supply chain. RICS white paper titled SMART CITIES was also released at the event.

RICS, with support from the Ministry of Urban Development, and The Euro India Centre, organized this international conference on ‘Cities 2030: Are we on track?’. Vision for cities is a global policy and a research programme that aims at examining key thinking on the delivery of the sustainable cities of 2030 and beyond.

Additionally, the conference also delved deeper into 4 key pillars of infrastructure development– Planning, Finance, Technology and Skills. The focus of the one-day conference was on whether India is on track to meet all the necessary and desired outcomes to shape India’s urban future.

Kamal Nath and Alderman David Wootton were the Chief Guest and Guest of Honour respectively. The conference brought together recognized thought leaders and key decision makers from India and internationally, to help identify and take stock of tools and measures that will help integrate planning organisations and processes, build capacity in infrastructure, financially empower the public sector and promote innovation in urban management.

The RICS white paper was released by Paul Doherty, President and CEO, the digit group Inc. The paper outlines the challenges, solutions, results and next steps for any city to become a smart city by leveraging the digital DNA of the built environment.

The paper draws some interesting analogies of a city with a human body with its cardiovascular system (infrastructure), respiratory and digestive systems (energy, waste) and even a primitive nervous system (telecommunications). It urges city makers to think of their cities as a network, with each building acting as a server.

A major issue for a city’s IT department is how to manage large quantities of data generated by the city departments and wider ecosystem.  Cities that solve this issue will be on the correct path to evolving into Smart Cities.  No matter which of the 10 Smart City elements a city decides to focus on, data generation, compilation and interpretation will be key drivers to all policies, programs, projects and measures.

Built Environment data is already captured by city’s in various formats and processes; Building Departments, Engineering Departments, Land Departments, Planning Departments, Tax Departments, Postal Services, they all collect and manage vast amounts of data that when viewed as a whole, create the virtual representation of your physical city.   The accuracy, authentication and integration of this city data is the key to a proactive approach to entering a path to becoming a Smart City.

Taking note of the report and acknowledging the need to create a smart city roadmap for India, Alderman David Wootton said, “The UK and the City of London can do much to support India’s infrastructure development needs – both in providing access to finance and liquidity and also the requisite skills and specialism along the supply chain – in particular the vital legal resources to tailor contracts and agreements to ensure the right project with the right outcomes. It is essential that the legal and financial framework is attractive to investors who will need to invest in the long term, and we are the collectors and disseminators of best practice, ensuring projects are delivered on time, to cost and to world class standards.”

Acknowledging Alderman David Wootton’s message, Kamal Nath said, “We in India have the most restrictive FAR. Even by Asian standards, it’s exceptionally low. This needs to be revised looking at the infrastructure and the location where it can be increased. One of the possibilities being discussed is transit oriented development where we can have mixed use and higher and more intensive development.”

In this context Kamal Nath further highlighted, “In India we have a need to learn from everywhere particularly from the UK. India can benefit from the British experience. We have recently signed an MoU with the UK on urban regeneration and development and its my firm belief that such a partnership would provide an enabling platform and deepen the engagement in the areas of sustainable master-planning, transport planning, land economics, heritage management, regeneration capacity building, governance, PPP arrangements. This is very important because some of the huge investment of US$ 1 trillion that we require has to come from the private sector. One of the big things in managing urbanization is going to be capacity building. Besides capacity building, the three other important areas will be planning, funding and urban governance. RICS has a unique contribution to make to the sustainable evolution of cities in India as it can draw upon the substantial shared knowledge and expertise that exists all across the world. My ministry would be happy to encourage and support such endeavors of RICS.”

Speaking at the Cities 2030 conference, Sachin Sandhir, Managing Director, RICS South Asia said, “I thank Hon’ble Minister for Urban Development Kamal Nath, Alderman David Wootton, The Rt. Lord Mayor of City of London and Dr. (Mrs) Isher Judge Ahluwalia for highlighting the challenges of explosive urban growth that has created the reality that Indian cities must change their consumption and development patterns in favor of smarter and more sustainable habits.”

He further added, “In the context of our current levels of urbanization, which are likely to increase manifold in the years to come, it is inevitable that India creates infrastructure and urban development of global standards. One key challenge that India is likely to face, while moving forward in the direction of unprecedented growth, is the absence of skilled and trained professionals that will be needed to deliver the required real estate and construction. RICS intends to bridge this gap by making available to the industry qualified professionals and experts who provide professional advice on matters as wide-ranging as sustainable urban development; affordable housing; capital markets; urban and rural infrastructure; project management and business valuation.”

The conference was attended by eminent government officials, industry experts, and policymakers