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Indian Real Estate News : Vrindavan
Sustainability required for increasing urbanization
Source: The Times of India Dec 15, 2013
An exclusive thought leadership forum for architects was held in city on 'Intelligent Sustainability' on December 11. With urbanization on the rise there is a need to add a positive thrust to the nation’s real estate market.

The multi-city Design Tour being organized by a multinational company featured top Indian architects, industry think-tanks and real estate developers including Karan Grover, principal, Karan Grover & Associates, Jayesh Hariyani of Burt Hill Design, Stantec and Dr Paresh Karia, Director-Business Development & JVs, Otis India amongst others.

The theme for this year’s panel discussion was ‘Intelligent Sustainability’. A key trend of our times is ‘Urbanization’ and for the first time in the history of mankind, more people are today living in an urban setting than in rural ones.

According to a McKinsey report, India will have 68 cities with populations of more than 1 million by 2030, compared with the current 42. It is estimated that Indian cities are homes to 340 million people or 30% of the population. By 2030 it is expected to house 590 million people or 40% of the population.

To accommodate the moving population, 700 million square meters of residential and commercial space needs to be built every year till 2030 - that is equivalent to a new Chicago every year. In developing countries, such as ours, it is estimated that 70% of all buildings that will exist by 2030 are yet to be built.

Buildings however are known to consume 40% of all energy. Such rapid growth will inevitably be accompanied by rising consumption and demand for energy, increasing green house gas emissions, and putting severe constraints on natural resources. A way needs to be found to ensure energy and environmental sustainability without compromising on economic and social progress.

Through the Design Tour, a platform was provided to discuss new trends in building designs, developments in science and technology for designers, builders and solution providers to help make the building economically efficient.

Sustainability makes great economic sense as it brings down both operational and maintenance costs on a lifecycle basis while increasing energy efficiency. A sustainable building enhances productivity by providing the right environment and the right ambience to work better and to focus on performance. The 'Design Tour' aims at providing a platform to various stakeholders such as architects, building solutions provider, project consultants and manufacturers to discuss intelligent and sustainable solutions.

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