Realty players like Prithvi Edifice, others coming up with key suggestions for smart cities

28-Jul-2014    |    Source:    http://economictimes.indiatimes.com/

SINGAPORE: The Indian real estate players are helping with their suggestions in framing policies for 100 smart cities in the country proposed by the new government. 

"Smart cities are on table...it will take up some more time to formation. But still it poured a lot of positive sentiments in the real estate sector. At this time, we are trying to contribute in framing the policy by sending suggestions to the Prime Minister's Office," Abhay Kele, chairman & managing director, Prithvi Edifice, Pune, told PTI. 

Architects and designers have stressed on the importance of innovation in building world-class cities and facilities in the country. 

"The real estate market has traditionally been an un-organised and fragmented one. But, we have witnessed the influx of international technologies and materials in the building industries in cities like Bangalore, Delhi and Mumbai," said Srinivas Ammanabrolu, vice president, Living Walls, Bangalore. 

Ammanabrolu cited the use of modular form work, Austrian technology for bricks, gypsum plaster that are being used commonly these days than five years ago. 

Building designs and architectural finishes in the Indian real estate projects have been improving in recent years, said the executives. 

They noted a significant change in the usually lacklustre but profit-oriented real estate sector, pointing out that developers are hiring international designer architects and planning new  things.

While the industry is waiting for more details on the plan for smart cities, the executives have stressed on the importance of technology in the development of facilities. 

"It is important to use technology and adapt to difficult situations," said Vvikas Aroraa, director of marketing and sales, Runwal Group. 

He cited the challenges in redevelopment in crowded south Mumbai and called for innovative ways for project implementations. 

However, most of the developers are still set on older practices while architects continue to press for a big change in project implementations, given the massive housing development and urban re-development required in the country. Kele is concerned about this slow change in architectural and development practices. 

"People still go with traditional ways. Almost all don't dare to go for some new things around," he said, observing that some of these real estate executives believe that something new will hamper the economics of a project. 

The architects are in Singapore for the inaugural architectural awards for innovation and excellence in the Indian real estate, which is organised by the Singapore-based Business Excellence & Research Group Pte Ltd (BERG). 

"Such awards will help motivate the Indian real estate industry. It will also help them market in India and abroad better," said Prashant Sutaria who owns Prashant Sutaria Architects in Mumbai. 

"The awards will give an international exposure to the Indian real estate players and will help by way of showing the better developed South East Asian region as the backdrop. 

It will also give exposure for marketing good projects to Indian population in the region," Sutaria told PTI. 

The Awards, given tonight, will be followed by a two-day property exhibition at the Marina Bay Sands Convention Centre with some key properties in Indian metro cities on showcase. 

Renowned Indian architect Hafeez Contractor was conferred with the Lifetime Achievement Award at the inaugural BERG Awards for Excellence in the Indian Real Estate sector. 

Among the 10 BERG Awards for Real Estate 2014 winners were - EmaarMGF, Living Walls, Prithvi Edifice, Runwal Group and Prashant Sutaria Architecture. 

 

 

 

 
 

 

 

 


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