Taking integrated townships to the next level
It is well-established fact that urbanisation is by far the biggest trigger for India’s real estate growth story. However, there is a darker flip side – urbanisation has resulted in massive strain on the leading cities of India, which are struggling to cope with ever-rising population and density.
The idea of creating new Smart Cities was mooted in the face of a clear need to decongest India’s Tier-I cities and improve their livability quotients. However, even before the Smart City mission was formalised, the model of creating cities around the peripheries of Tier-I cities (or satellite cities) has already established a proven track record for mitigating the dire effects of urban sprawl and boosting livability quotient.
In JLL India’s proprietary research report ‘Livability Quotient – A Paradigm Shift in India’s Emerging Cities’, 10 prominent emerging cities have been closely evaluated for their city administration practices, sustainability, and overall livability. Several factors were identified under the broad parameters of planning, connectivity, utilities, leisure, smart governance, safety, jobs, environment, real estate performance and future scope of expansion.
The top emerging cities assessed in this report are Navi Mumbai, Pimpri-Chinchwad, Magarpatta City, Palava City, Greater Noida, Manesar, Mohali,Rajarhat, Technopark and Mahindra World City (MWC). After an exhaustive analysis on the basis of the above-mentioned parameters for 10 cities considered, a definitive livability quotient ranking was arrived at (see table).
On the back of major evolutionary leaps in the integrated townships model, it now makes logical sense to include privately-managed cities (large townships or commercial-cum-residential hubs managed by private developers) while comparing cities. The reason is clear – in the era of smart cities in the daily administration of which private players will be increasingly involved, it is important to look at private developers as future city administrators. As a result, some of the country’s larger integrated townships now qualify as standalone satellite cities in their own right – and, in fact, have taken city administration and governance to an entirely new level.
To date, only a handful of developers in India have successfully demonstrated their capabilities for city administration. Going forward, many more such developments will crop up on India’s real estate landscape, especially in times when large integrated townships are being promoted.
The report ‘Livability Quotient – A Paradigm Shift in India’s Emerging Cities’ reveals several important aspects that conventionally-managed cities (municipal authorities) can learn from privately-managed cities (private developers or councils).