Kolkata Government plans to revamp sub ? urban areas
With beautification plans for the city already in progress, the Mamata Banerjee government now wants to beautify towns on the fringes of the Kolkata Metropolitan Area (KMA). State urban development and municipal affairs minister Firhad Hakim will meet representatives of all municipalities and civic corporations in the KMA area and its surroundings, at Unnayan Bhavan on Monday, to discuss the plan. “We will discuss the beautification plan and allocation of funds for it.”
The Kolkata Metropolitan Development Authority (KMDA) has been working on the master plan which the civic bodies will be asked to follow. The plan includes proper illumination, beautification of roadsides, pavements and boulevards and setting up street furniture in urban areas like Howrah, Chandernagore, Kalyani and Chinsurah.
Authorities feel that high population in the peri-urban areas is creating pressure not only on land and water supply, but also on basic amenities like sanitation, drainage and transport. This has resulted in uncontrolled land use and environmental degradation. The beautification plan when implemented will help municipalities create an eco – friendly environment. The urban development department also wants to execute canal renovation work with funds of the National Ganga River Basin Authority. Firhad and department officials had a meeting with the Centre last week where they expressed willingness to bring these canals under the scheme. Buy a home
The Indian retail industry is healthier than ever, scaling new heights and confident of its markets spread over 53 cities that house more than a million people each. The year 2011 saw a retail real estate supply of 13.8 million square feet hit the market, with 10.7 million square feet getting. That amounts to 130% of the figures for the years 2009 and 2010 put together. Retailers are in the market again, looking for space, willing to invest with long term business plans and offering a premium for even half-decent properties. What they find is a stark market reality – all worthy properties are fully consumed and good properties on hand being leased within the blink of an eye. Delaying decisions by even a few days means diminished hopes of business expansion. There is simply not enough good retail space to sell their wares. It can well be imagined what the scenario will be when FDI into multi-brand retail opens up. With delays in completion and few retail conducive projects being launched, it is malls, malls everywhere and nowhere to go for retailers. They have finally decided that enough is enough and have started scouting for stand-alone properties.
With their eyes on old mansions, mixed-use buildings and small office blocks in established as well as emerging locations, big-format retailers and giant chains are mandating property firms to broker these deals for them. High streets were never out of form, but now they are back with a vengeance. Properties which, with retrofitting, can enable retailers to start selling in no time at all are fast becoming precious assets for big retail companies. Even constructing glass cubes on plots that house the building-next-door is seen as preferable over having to wait for properly located and configured malls to come along. In the world of retail, stagnation is the same as dying and these retailers have no intention of slipping into a market-induced coma. Moreover, these stand-alone stores are the perfect way of giving shoppers a personalized experience that many shoppers often find missing in malls.