Private Sector To Participate In Smart Cities
Advertisement
Advertisement
Advertisement
The government is going to formulate the policy for its mega plan to convert 100 existing cities into smart cities. The private sector will be allowed to participate in the process, Urban Development Secretary Shankar Aggarwal said."We are putting the pieces together and trying to create some kind of a policy framework so that a large number of private sector entities can get into this business and create more jobs. And whatever needs to be done in terms of availability of land, in terms of the plethora of red-tapism and rules and regulations, we will do," Aggarwal said at the
The government is also in the process of finalising bylaws and floor area ratio (FAR) norms to find a way to fully utilise the existing land in the country, he said. “Why should we acquire so much land unnecessarily? Can we not make use of the existing pool of land? I think it can be done. Why don't we go in for vertical development with 50, 100 storey buildings?" he asked.
Connaught Place, for instance, is today one of the most expensive real estate in the world, but it is artificially created, he said. "This is because we do not bring in more land into the pool or we don't allow the existing pool of land to be developed optimally. We've got to change our system. The government is looking into it," Aggarwal said.
Image: Thinkstock
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- A millennial manager went viral after her Gen Z assistant picked up a work call while at the hair salon: 'Go off queen'
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Kia India looks to expand sales, service network to 700 touchpoints by year-end
- Shapoorji Pallonji’s Afcons Infra files DRHP for ₹7,000 crore IPO
- Water crisis affects businesses across Bengaluru; Is there room for cautious optimism?
- BenQ Zowie EC2-CW review – Premium wireless mouse for gamers
- Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings