After a painful wait of over six years, about five lakh families in urban India are likely to get possession of new homes this year. Property research firms Liases Foras and PropEquity as well as property consultancy CB Richard Ellis (CBRE) estimate that 4.5-5 lakh homes will be ready for delivery in 2013, the highest in a single year.
While China has a metro network of over 2,000 km, urban India has no such transport network, said Delhi Metro chief Mangu Singh. Citing China as an example in the matter of urban transport Singh said India could take a leaf from China when it comes to urban mass transport. Today, China has a metro network of over 2,000 kilometres. Indians hardly have a choice, Singh said.
After a successful first edition in Mumbai last August, the 2nd edition of the Sm@rt Cities Summit was held at India Habitat Centre, New Delhi, on February 17-18, 2015. Organised by FIRST Sm@rt Cities Council, the two-day summit aimed to bring all stakeholders under one roof for an impressive exchange of ideas with the theme,