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

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code