New Delhi, July 13, 2017: Real estate is a globally recognized sector. In India it is the second largest employer after the agriculture industry.India remained as one of the highest (9th rank globally &ranked 4th in developing Asia) recipients of Foreign Direct Investment (FDI) in 2016, as per the World Investment Report 2016 by the United Nations Conference on Trade and Development. The Indian real estate sector attracted an enormous global capital flow of USD 5.7 billion and a whopping USD 32 billion in private equity in 2016. The sector has scaled to massive growth levels with the high demand for both residential and office spaces in recent times.
The real estate sector in India is predicted to grow by another 30% in the coming decade. The construction industry plays a major role in the future growth of the industry, considering that it has an impact on 14 major sectors; in driving the direct and indirect of all sectors.
Integrated Townships, the latest infrastructure in India’s long overdue race to sustain the mega cities of the nation, is quickly changing the Indian real estate sector. Urbanization has changed the way we live. Today, the concept of integrated town ships is on a rise, as they have better scope for price appreciation than a stand-alone building. Integrated townships offer all the facilities such as housing, education, workplace, shopping, and healthcare within its periphery. This has increased the sustainability of urban areas in the wake of massive overcrowding. Integrated townships emphasises on creating a sustainable living ecosystem, supported by important infrastructures like drainage, water supply, roads safety, and power.
Wave City on NH24, developed by Wave Infra-tech, one of the leading players in the real estate, is India’s largest and most efficient Hi-Tech City. Wave City is an integrated township that commits to advantages such as maximum live ability potential, all services under one roof, sustainable living, enhanced security, better lifestyle and excellent ROI. Credited for its unusual location on NH24, Wave City is India’s largest self-sufficient city offering smart features like central command centre, smart meters, intelligent traffic management, waste management, 24×7 CCTV surveillance, weather substation, water management, complete fiber optic connectivity and lot more. Adjacent to the proposed Eastern Peripheral Expressway, it aims to make commuting smoother and convenient in the high-density regions like Faridabad, Palwal, Kundli&Sonipat. It is the projection of supreme integrated townships that offers connectivity between the three districts namely Hapur, Ghaziabad and GautamBudh Nagar.
Wave City also homes commercial cum retail space, along with a multiplex, academic institutions, sporting and health facilities, all within the city. Conceptualized & developed by the prestigious Wave Infra-tech, this mixed-use destination focuses on creating an entire new way of living. Wave City is “World’s Largest Green Pre-Certified Platinum Rated Township”. The project makes use of a rain water harvesting system as well as water recycling plants that recycle grey-water for daily use and ensure a minimum strain on the ecosystem.Over 750 acres of vast green spaces with 50 clean & green neighborhood parks and a 37-acre central park create a serene and nurturing environment to promote public health and quality of life.
An integrated township focuses on creating affordable housing and good infrastructure. With the new developments in affordable housing sector, wider investor community is motivated to invest & private builders are taking pride in contributing to the overall mission of “housing for all”.
Many states are promoting and supporting the concept of integrated township to ease the pressure on big cities. With the easing of external commercial borrowing norms for integrated townships, the sector is expected to get the much needed fillip.
Corporate Comm India(CCI Newswire)