JLL India & CREDAI releases report on India’s Future Cities at New India Summit, Nagpur

Leading international real estate consultants JLL India today released the report ‘The Dawn of India’s Future Cities’ in association with The Confederation of Real Estate Developers Association of India (CREDAI) at the New India Summit, Nagpur today. The report highlights the need for new urban centers in the country, and shortlists 45 potential mega-cities such as Nagpur, Lucknow, Jaipur, Kochi and Bhopal, among others. The study bases its findings on key parameters such as Socio-Economic Momentum, Enhanced Connectivity Infrastructure and High Value Indicators. With a sharp-focus on real estate, it identifies areas of opportunities for developers while reiterating the impact of regulatory changes on the sector. ‘The Dawn of India’s Future Cities’ emphasizes that India needs new cities to augment its growth and leverage its promising demographics. Initiatives such as ‘100 Smart Cities’ and the Urban Rejuvenation Scheme – AMRUT will provide emerging cities with a blueprint for becoming the next flagbearers of development in India. ‘The Dawn of India’s Future Cities’ report makes a strong case for cities like Nagpur, Lucknow, Jaipur, Kochi, Ahmedabad, Varanasi, Bhopal and others. Driven by investments in infrastructure and skilled workforces, these cities can potentially see accelerated growth in the Manufacturing/ Industrial, Tourism and Warehousing sectors, and emerge as India’s new mega cities. Ramesh Nair, CEO & Country Head – JLL India says, “The real estate and infrastructure sector will become a key agent of change by rendering the next wave of Indian megacities future ready. This sector is strengthening the country’s infrastructure backbone and helping in providing more physical space for its citizens to become happier and simultaneously more efficient economic agents. The report released at the New India Summit 2017 - aptly being held in Nagpur, one of the identified future megacities – provides a detailed roadmap for the Dawn of a New India.”