![\"Real](\"https:\/\/static.toiimg.com\/thumb\/msid-134338684,imgsize-47588,width-400,height-225,resizemode-4\/indias-real-estate.jpg\" "\\"Real")
<\/div>\n<\/div>\n<\/div>\nReal estate developers should work more closely with city municipalities to create the physical infrastructure needed for their residential and commercial projects, a senior official from the ministry of housing and urban affairs has said.Addressing a real estate conference organised by industry body CII, D Thara, secretary (department of capital development) in the ministry, urged developers to assess the impact of their projects beyond their own boundaries and coordinate more closely with municipal agencies.\u201cEvery development creates an interaction with the larger urban environment, and we need to understand and mitigate the externalities that construction can create for the city,\u201d she said, according to a CII statement.<\/p>\n Thara asked developers to pay greater attention to critical facilities such as rainwater harvesting, water recycling and sewage treatment as part of their projects.Calling for a new public-private paradigm in urban development, she said developers should work closely with municipal agencies and consider the wider impact of each project \u2014 including the water it displaces, sewage it generates, energy it consumes and infrastructure it requires.\u201cThere is no dialogue between officials from the municipalities and real estate companies,\u201d she said, according to PTI.Thara also urged the real estate industry to adopt a broader definition of value, one that takes into account not just property prices but also the infrastructure burden, resource consumption and environmental impact associated with development.<\/p>\n Sriram Khattar, co-chairman of the CII National Committee on Real Estate & Housing and vice chairman and MD of DLF Rental Business, said the sector’s role had expanded beyond constructing physical buildings.\u201cReal estate is no longer just about brick and mortar. It is a living fabric of communities, shaping how people connect, work, live, shop, entertain and experience their surroundings,\u201d he said, as quoted by news agency PTI.Khattar said the focus was increasingly shifting from physical structures to creating inclusive, vibrant and sustainable environments that improve quality of life.Harshvardhan Bansal, chairman of CII Delhi State and co-founder of Unity Group, called for faster and more integrated approvals for development projects.\u201cA true single-window system should allow applications to move simultaneously across different authorities, rather than developers having to approach each department separately,\u201d he said.<\/div>\n Real estate firms must assess wider urban impact of projects, official says (representative image) Real estate developers should work more closely with city municipalities to create the physical infrastructure needed for their residential and commercial projects, a senior official from the ministry of housing and urban affairs has said.Addressing a real estate conference organised by 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estate firms must assess wider urban impact of projects, official says (representative image) Real estate developers should work more closely with city municipalities to create the physical infrastructure needed for their residential and commercial projects, a senior official from the ministry of housing and urban affairs has said.Addressing a real estate conference organised by […]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 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on water, sewage and resource use<\/b><\/h2>\n<\/p>\n
Industry seeks faster, integrated approvals<\/b><\/h2>\n<\/p>\n
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