Sanjay Dutt, EMD South Asia Cushman & Wakefield
Sanjay Dutt, Executive Managing Director, South Asia – Cushman & Wakefield said, “The government’s launch of three mega-flagship programmes –100 Smart Cities, Housing for All and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) — is a timely blueprint that is essential to revive towns and cities that are the engines of growth. These programmes would present ample opportunities to the private sector to take part and invest in the real estate and infrastructure sectors of the country. The government’s proposal to provide an interest subsidy and assistance to enforce ‘Housing for All’ scheme would go a long way in addressing the issue of affordability in India. With regards to Smart Cities, while the government’s allocated budget of INR 100 crore per smart city might be on the lower side, investment from technology and real estate companies can steer growth. Although AMRUT will be implemented in only 500 cities and towns, each with a population of 100,000 and above, it is an appropriate step in resurrecting Indian cities that are seeing faltering infrastructure. Going ahead, a major part of the task lies in the government’s ability to acquire land – a process that is fraught with many issues in India. Moreover, the government needs to look for innovative ways to finance these schemes, while involving all stakeholders to implement them in timely manner.”
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