urge for PM to Establish Urban Infrastructure Development Panel in Major Cities
NEW DELHI, Nov 15: Real estate mogul K P Singh has called on Prime Minister Narendra Modi to set up a high-powered cabinet-rank committee to focus on urban infrastructure development in major cities...
Urban InfrastructureSustainable DevelopmentReal EstateK P SinghDlf LimitedReal EstateNov 15, 2024
K P Singh, a well-known figure in the real estate sector, has been involved in numerous large-scale projects across the country. His company, DLF Limited, is one of the largest real estate developers in India, known for its residential, commercial, and retail projects. Singh emphasizes that the committee should be composed of experts from various fields, including urban planning, engineering, economics, and environmental science, to provide a holistic approach to urban infrastructure development.
In his letter to the Prime Minister, Singh outlines several key areas that the committee should focus on, such as
1. Transportation Developing efficient and sustainable public transport systems, including metro rail, bus rapid transit (BRT), and comprehensive cycling networks.
2. Housing Ensuring adequate and affordable housing for all segments of the population, with a focus on low-income groups.
3. Water and Sanitation Improving access to clean water and sanitation facilities, and implementing effective waste management systems.
4. Green Spaces Creating and maintaining public parks, green spaces, and recreational areas to enhance the quality of life in urban areas.
5. Smart City Initiatives Leveraging technology and data analytics to optimize resource usage and improve governance in cities.
Singh also highlights the need for robust funding mechanisms to support these initiatives. He suggests exploring a mix of public and private funding, including public-private partnerships (PPPs), to ensure sustainable financing for urban infrastructure projects.
The establishment of such a committee, Singh believes, would not only help in addressing the immediate infrastructure challenges but also pave the way for long-term sustainable development. He points out that many developed countries have similar bodies to oversee urban infrastructure development, and India can learn from their experiences and best practices.
In the context of the government's 'Atmanirbhar Bharat' (Self-Reliant India) initiative, Singh argues that a strong urban infrastructure is crucial for economic growth and self-sufficiency. He concludes by reiterating his commitment to support the government in this endeavor and offers the expertise of DLF Limited to contribute to the committee's work.
For more information about DLF Limited
DLF Limited is a leading real estate developer in India, with a diverse portfolio that includes residential, commercial, and retail projects. The company has a strong track record of delivering large-scale projects and is committed to sustainable development and innovation in the real estate sector.
Frequently Asked Questions
Who is K P Singh and why is he advocating for urban infrastructure development?
K P Singh is a prominent real estate mogul and the founder of DLF Limited, one of India's largest real estate developers. He is advocating for urban infrastructure development to address the challenges posed by rapid urbanization and to ensure sustainable growth in major cities.
What are the key areas of focus for the proposed high-powered committee?
The key areas of focus for the proposed high-powered committee include transportation, housing, water and sanitation, green spaces, and smart city initiatives.
Why is a mix of public and private funding important for urban infrastructure projects?
A mix of public and private funding is important to ensure sustainable financing for urban infrastructure projects. Public funding can provide initial support, while private funding through public-private partnerships (PPPs) can bring in additional resources and expertise.
How does urban infrastructure development align with the 'Atmanirbhar Bharat' initiative?
Urban infrastructure development aligns with the 'Atmanirbhar Bharat' (Self-Reliant India) initiative by promoting economic growth, self-sufficiency, and sustainable development in major cities, which are crucial for the country's overall progress.
What role does DLF Limited play in urban infrastructure development?
DLF Limited is a leading real estate developer with a strong track record in delivering large-scale projects. The company is committed to sustainable development and offers its expertise to support the government's efforts in urban infrastructure development.
Related News Articles
PBB's Q2 2024 Profits Plummet 74% Amid US Real Estate Crisis
PBB's profits fell sharply due to its exposure to the struggling US commercial real estate market, hit by rising interest rates, falling property values, and high office vacancies.
MahaRERA Conciliation Forums Resolve 1,749 Homebuyer-Developer Disputes
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has successfully resolved 1,749 disputes between homebuyers and real estate developers through its conciliation forums. These forums, established in 2018, have significantly improved the resoluti
Nithin Kamath Expresses Concerns Over Pollution and Luxury Real Estate
Zerodha CEO Nithin Kamath discusses the rising pollution levels in India and their potential impact on the luxury real estate market.
Blackstone-Panchshil Partnership to Construct India's Largest 500 MW Hyperscale Data Hub
Blackstone and Panchshil have announced a major partnership to build India's largest 500 MW hyperscale data center hub in Pune, Maharashtra. This ambitious project marks a significant step towards boosting India's digital infrastructure and attracting glo
Adani Group's Mega Projects in Mumbai Face Environmental Scrutiny
Adani Group is pushing forward with two major projects in Mumbai, one of the world's most expensive real estate markets, amid environmental concerns and regulatory hurdles.
Sohail Khan Earns Rs 10 Crore in Rent from High-Profile Bandra Property
Sohail Khan, a prominent figure in Mumbai's real estate scene, has secured a lucrative five-year lease deal for his property in Bandra. The property, located in one of Mumbai's most upscale neighborhoods, has been rented out to The Irish House Food and Beverages Pvt Ltd. for a staggering Rs 10 crore in rent.