South India must use its key strength in Technology to build Smart Cities & Housing Solutions
FICCI brings South India’s First Real Estate Conference
• Area of slum housing in Karnataka is a big opportunity to explore affordable housing with nearly 40 Lakhs people living in it in the State.
• Laying emphasis on revising UDPFI guidelines and converging schemes like JNNURM at least at a state level
• Critical to demand not just Environment Impact Assessment but also Heritage Impact Assessment
• Delhi & Mumbai have investor generated demands, while South India has a greater promise for sustainable returns.
The first real estate conference in South India organised by FICCI aimed at creating a platform to understand the growing needs , gaps & opportunities in South India with regards to urban development , housing solutions, technological & sustainable innovations applicable in the sector. Eminent speakers included Mr. Niranjan Hiranandani, Chairman of FICCI, Real Estate Committee and MD, Hiranandani Construction Pvt. Ltd., Dr. Sudhir Krishna, (Secretary, Ministry of Urban Development, Government of India), Mr. Lakshmi Narayana, Secretary, Housing, Government of Karnataka and Mr. Ajit Krishnan, Partner & Sector Leader - Industry & Real Estate, Ernst & Young.
Opening the conference, Mr. Niranjan Hirandani said, “South India gains significant importance owing to the leaps taken on IT & ITES industry. The 11 cities in South India, with migration, will soon grow into 14 or 15 cities delivering more than its fair share to GDP. The march of population and cities growing bigger cannot be stopped but we can lay emphasis on responsible & dynamic urban development & housing solutions.”
India has experienced Green revolution, Industrial revolution and even revolution in telecom, aviation and automobile industry. It’s time we have a revolution in Housing & urban development. It has already been done in Middle East, China and US and there is no reason for India not to explore existing gaps and transform them into opportunities creating surpluses in housing just the way we created them in food, telecom, aviation and automobile.
Mr.Sudhir Krishna, Secretary, Ministry of Urban Development, Government of India said, “Over 60% of GDP comes from urban areas with cities becoming the hub of economic growth. Cities must be planned using a transit oriented approach with empowerment of local governments. The 12th FYP highlights inclusive governance and environmental sustainability and any transparent development has to take care of that. We must lay emphasis on transparent master plans & DCRs. More importantly we must meet every cities aspiration – cosy towns, education hubs, tourism hubs, traditional towns or urban cities.”
Mr. Lakshmi Narayana, Secretary, Housing, Government of Karnataka, “South India has been a trend setter in many ways. Karnataka is the largest city, growing at an estimated 15% with department of housing estimating the housing needs to go up by 11%.With 40 Lac people in Karnataka living in slums there is a great opportunity for affordable housing solutions. It’s time we look at affordable housing through PPP and single window clearances. Smart solutions that look at our environmental needs also need to be looked at.”
A white paper titled “Re-orienting Real Estate through Smart Concepts and Technology” by FICCI-E&Y was also released on the occasion. It highlights the accelerated economic growth over the last two decades in Tamil Nadu, Andhra Pradesh, Karnataka and Kerala.This has resulted in a fast paced urbanisation with the southern region housing 102.8 million people in urban areas. Ajit Krishnan, Ernst & Young said “Real estate is not about building houses, it’s about building communities. Most structures become architectural delights but the time has come for organisations to move on. How do you use technology to improve systems, processes and also to bring in transparency to customers helping us become a vibrant & successful industry?”
The conference saw participation from all key industry players likes Shobha Developers, Manjeera Developers, Jain Housing, Shriram Properties, Nitesh estates, NCC Urban Infrastructure, Kotak Realty Fund and CISCO Systems. The sessions covered topics as “Building Smart in 21st century”, Build operating scalability through enabler IT, creating customer delight, managing human skill base.