Bengaluru's Resilience and the Smart City Boom: A New Era for Indian Real Estate
Exploring the impact of the Union Cabinet's approval of 12 new industrial smart cities and the latest trends in Bengaluru's real estate market
Bengaluru Real EstateSmart CitiesUnion CabinetHousingcomIndian Real EstateReal Estate NewsSep 09, 2024
Welcome to another episode of “Keeping It Real” by Housing.com! Today, we’re diving into the Union Cabinet’s recent approval of 12 new industrial smart cities with a massive investment of Rs 28,602 crore. Designed with ‘plug-n-play’ and ‘walk-to-work’ concepts, these smart cities will span 10 states and key industrial corridors, aiming to ease congestion in major urban centers and strengthen the Golden Quadrilateral.
Despite the positive response to the government’s infrastructure push, PropTiger.com’s latest report shows a 6% decline in housing sales across India’s top eight markets during April-June, with notable exceptions in Bengaluru and Delhi-NCR, where demand grew by 30% and 10%, respectively.
To explore these developments, we’re joined by Mr Angad Bedi, Chairman and Managing Director of BCD Group—a prominent real estate player based in Bengaluru. We’ll discuss what’s driving BCD Group’s growth, the impact of the new smart cities, and the trends shaping the future of real estate in India.
Tune in for a compelling conversation on the future of urban living!
About BCD Group BCD Group is a leading real estate company based in Bengaluru, known for its innovative approach to property development and management. With a strong focus on sustainability and customer satisfaction, BCD Group has established itself as a major player in the Indian real estate market.
About Housing.com Housing.com is a leading online real estate portal that provides comprehensive information on the Indian real estate market. With a strong focus on news, trends, and analysis, Housing.com aims to empower homebuyers and sellers with the knowledge they need to make informed decisions.
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Frequently Asked Questions
What is the Union Cabinet's plan for industrial smart cities?
The Union Cabinet has approved 12 new industrial smart cities with a massive investment of Rs 28,602 crore, designed with ‘plug-n-play’ and ‘walk-to-work’ concepts.
How has the Bengaluru real estate market performed in recent times?
According to PropTiger.com’s latest report, Bengaluru has seen a 30% growth in housing sales during April-June, bucking the national trend of a 6% decline.
Who is Mr Angad Bedi and what is his role in BCD Group?
Mr Angad Bedi is the Chairman and Managing Director of BCD Group, a prominent real estate player based in Bengaluru.
What is the focus of Housing.com's news desk?
Housing.com's news desk focuses on providing information on the Indian real estate sector, covering topics such as real estate laws, taxes, current news, property trends, home loans, rentals, décor, green homes, and home improvement.
What is the main objective of Housing.com's news desk?
The main objective of Housing.com's news desk is to provide information that is useful to the end-user, empowering homebuyers and sellers with the knowledge they need to make informed decisions.
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