+
Challenges and Opportunities in Real Estate redevelopment
Real Estate

Challenges and Opportunities in Real Estate redevelopment

Cities have facilitated human evolution through propagation of ideas, as economist and professor Edward Glaeser puts it. Urban innovations ranging from the Roman aqueduct that transported water to the hyperloop that moves people have facilitated urbanisation, while idea innovations ranging from readymade garments to IT have improved human lives. Although human conglomeration originated from convenience, today it is driven by consumerism. The accrued productivity gains of millions of inhabitants make billion-dollar infrastructure projects viable through economies of scale, while the convenience of access to recreational and educational facilities attracts inhabitants.

Over the past few decades, real-estate development, or urban development in a broader context, has served to satisfy this perpetual demand of economic growth along with the subsequent benefits to human lives. Development, as defined academically, constitutes of any activity that adds value to otherwise unutilised or underutilised space, according to real-estate development expert and professor Richard Peiser. For instance, it can be argued that, from an economic standpoint, a piece of land with a multistorey building housing hundreds of analysts is more valuable than a farmland producing tonnes of wheat every year.

Click here to read more on..

Image Source: Google Images

Cities have facilitated human evolution through propagation of ideas, as economist and professor Edward Glaeser puts it. Urban innovations ranging from the Roman aqueduct that transported water to the hyperloop that moves people have facilitated urbanisation, while idea innovations ranging from readymade garments to IT have improved human lives. Although human conglomeration originated from convenience, today it is driven by consumerism. The accrued productivity gains of millions of inhabitants make billion-dollar infrastructure projects viable through economies of scale, while the convenience of access to recreational and educational facilities attracts inhabitants. Over the past few decades, real-estate development, or urban development in a broader context, has served to satisfy this perpetual demand of economic growth along with the subsequent benefits to human lives. Development, as defined academically, constitutes of any activity that adds value to otherwise unutilised or underutilised space, according to real-estate development expert and professor Richard Peiser. For instance, it can be argued that, from an economic standpoint, a piece of land with a multistorey building housing hundreds of analysts is more valuable than a farmland producing tonnes of wheat every year. Click here to read more on.. Image Source: Google Images

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code