Singapore: 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 and managing director of 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 of Living Walls, Bangalore.
Mr 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, the executives said.
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 at 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.