JLL reports on India’s Liveability Quotient
According to the latest report by JLL India on ‘Liveability Quotient – A Paradigm Shift in India’s Satellite Cities’, 10 prominent satellite cities have been closely evaluated for their city administration practices, sustainability, and overall livability. The parameters which were identified were planning and connectivity, utilities, leisure, smart governance, safety, jobs, environment, real estate performance and future scope of expansion.
Navi Mumbai, Pimpri-Chinchwad, Magarpatta City, Palava City, Greater Noida, Manesar, Mohali, Rajarhat, Technopark and Mahindra World City (MWC) were the top satellite cities that were identified.
The report revealed how municipal authorities (conventionally managed) and private councils (privately managed cities) can coordinate together to deliver the best results.
In terms of adopting technology for the sustainable use of natural resources, private councils were at an advantage. While on the other hand conventionally managed cities saw better potential in terms of connectivity, employment opportunities and future expansion.
Integrated townships with mixed-use development are increasingly becoming the preferred option for residents, and concepts like ‘walk-to-work’, ‘last mile connectivity’ and ‘inclusiveness’ are going to be decisive factors in choosing the right integrated township development.
Parameters like utilizing daily needs management, safety and security, smart governance, sustainable environment are essentially utilised by the privately managed cities because it enables a quick feedback through continuous engagement with the citizen and involves a well-planned use of technologies.
As urbanization picks up the pace in India, both private township developers and city municipal councils stand to benefit. Most importantly, satellite cities will play a crucial role in balancing growth in a more sustainable manner, thereby enhancing the liveability quotient for residents.
The ensuing cross-learning exercise on the part of both private township developers as well as the city municipal councils will be highly beneficial. The next generation of megacities in India will see an unprecedented scale and quality of transformation when it comes to meeting the real estate needs of the future.
June 25, 2018