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According to a FICCI-Ernst & Young report, the foremost areas that are taking shape in the real estate segment are amusement parks, affordable housing, healthcare and education and logistic centers.
At the Federation of Indian Chambers of Commerce and Industry’s (FICCI) South India Real Estate conference held recently, its Chief Secretary released the report on “Building new dimensions for real estate growth”.
It has been noticed that up to the year 2000, the real estate sector was hugely confined to commercial, industrial segments and housing. However, now there is a change in the situation, as now there are latest asset classes such as healthcare, entertainment, housing conducive for senior citizens, transit-oriented real estate and education. The report also states that these concepts have provided a whole new facet to the sector. Moreover, they are likely to add impetus to growth, as well as draw the response of investors and developers.
According to the FICCI-Ernst & Young report, it has stated that numerous builders have reposed their faith in senior citizen housing segment. According to the report, it indicates in South India40 such projects were planned till April 2013. And out of them, seven exist in Bangalore. The report also states that the senior citizen housing segment, provides not just to ambient residential space as well as to security, emotional needs of the residents and healthcare.
The report also mentions the possibility of future prosperity of the real estate sector in Bangalore. Moreover, it also states that Hyderabad, Kochi and Bangalore in South India have the capability to emerge as aerotropolis (airport cities).
Basically, aerotropolis is a new urban strategy which seats airports in the center with cities growing around them, thus connecting suppliers, workers, goods to the global marketplace and executives. The whole gist of the idea is to chart out the prosperity of the city around the airport within a radius of about 25 km to increase non-aeronautical revenue.
Apart from these novel developments, yet another growth is the suggestion of corporate groups to initiate sports cities in Bangalore. The whole purpose is to encourage sports by giving world class facilities. These sports cities come under the entertainment segment. They are likely to add impetus to the development of sports-themed residential townships.
The report also states that the amusement park industry, currently being in the budding stage, is likely to grow. The report also highlighted that eight are in Karnataka of the 42 such parks in South India.
At the Federation of Indian Chambers of Commerce and Industry’s (FICCI) South India Real Estate conference held recently, its Chief Secretary released the report on “Building new dimensions for real estate growth”.
It has been noticed that up to the year 2000, the real estate sector was hugely confined to commercial, industrial segments and housing. However, now there is a change in the situation, as now there are latest asset classes such as healthcare, entertainment, housing conducive for senior citizens, transit-oriented real estate and education. The report also states that these concepts have provided a whole new facet to the sector. Moreover, they are likely to add impetus to growth, as well as draw the response of investors and developers.
According to the FICCI-Ernst & Young report, it has stated that numerous builders have reposed their faith in senior citizen housing segment. According to the report, it indicates in South India40 such projects were planned till April 2013. And out of them, seven exist in Bangalore. The report also states that the senior citizen housing segment, provides not just to ambient residential space as well as to security, emotional needs of the residents and healthcare.
The report also mentions the possibility of future prosperity of the real estate sector in Bangalore. Moreover, it also states that Hyderabad, Kochi and Bangalore in South India have the capability to emerge as aerotropolis (airport cities).
Basically, aerotropolis is a new urban strategy which seats airports in the center with cities growing around them, thus connecting suppliers, workers, goods to the global marketplace and executives. The whole gist of the idea is to chart out the prosperity of the city around the airport within a radius of about 25 km to increase non-aeronautical revenue.
Apart from these novel developments, yet another growth is the suggestion of corporate groups to initiate sports cities in Bangalore. The whole purpose is to encourage sports by giving world class facilities. These sports cities come under the entertainment segment. They are likely to add impetus to the development of sports-themed residential townships.
The report also states that the amusement park industry, currently being in the budding stage, is likely to grow. The report also highlighted that eight are in Karnataka of the 42 such parks in South India.
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