Navin Raheja



December 12, 2014

2nd Economic Times Realty Convention Summit 2014

The 2nd Annual Economic Times Realty Convention Summit 2014 was held at Hotel Pullman, Gurgaon on 12th December 2014. This summit will be held further across 3 cities - Delhi, Bangalore & Mumbai. This convention saw participation from senior policy makers, C+ executives from national and regional developers & contractors and filtered top level architects.

During the summit on the topic Smart Cities Concept -From vision to action points”. The discussions from various panelists contributed extensively and bought a lot of value to the attending audience who found their talks stimulating and enriching. Through such deliberations we do hope to build up on the momentum created through this conference and bring positive change in practices and policies. Some of the other topics of discussion for the summit included Smart Cities - Role of real estate in realizing India's new urban vision, 2 point agenda to boost real estate sector in India and Attracting FDI in Real Estate.

Speaking at the occasion Mr. Raheja was of the opinion that smart cities cannot be uniform. They must be built depending upon the usability of that location keeping in mind people, job opportunities, corporate and affordability. He also added that institutional infrastructure, physical infrastructure and social infrastructure constitute three pillars on which smart city rests. Institutional infrastructure refers to the activities that relate to the planning and management systems. Physical infrastructure refers to urban mobility system, the housing stock, the energy system, the water supply system, sewage system, sanitation facilities, solid waste management system and drainage system which are all integrated through the use of technology.

Physical infrastructure should focus on three aspects. Improvements in public transport - metro rail, BRT, LRT, Monorail, etc. Improvements in infrastructure of other motor vehicles - ring roads, bypasses, elevated roads, improvements in the existing road ways. Improvements in infrastructure for walking, cycling and waterways.

Social infrastructure helps in improving human capital index so lot of emphasis should be on education, healthcare and entertainment systems. Quality education for school and higher education, quality healthcare facilities and good entertainment facilities like sport facilities, cultural centers, open spaces and plazas are essential ingredients for quality life.

Left to Right: Yash Gupta,MD, Hines; Sandip Somany,JMD, HSIL; Neeraj Bansal, Partner and country head, KPMG India; Mr. Raheja; P.S. Uttarwar, Architect, Urban Planner & GIS specialist, Additional Commission (Planning), DDA and Rahul Kumar, Principal Architect, Rajendra Kumar Associates

Sandip Somany,JMD, HSIL; Neeraj Bansal, Partner and country head, KPMG India; Mr. Raheja.