Mr. Raheja was invited as one of the panelist and he shared the dias with Ms. Kumari Selja, Minister of Housing & Urban Poverty Alleviation And Minister of culture Shri Saugata Ray, Minister of State, Ministry of Urban Development. Among others were T.K.Arun, Editor-Opinion, ET and Ashok khurana, member- engineer, DDA. In his speech Mr.Raheja suggested that by 2030, 40 per cent of India's population will be located in its major cities and metros. By 2040-45, that number is projected to cross the 50 per cent mark, according to the World Bank.
He raised his concerns on planning. And requested that planners have to ensure that demand for space and services are met, if one has to stop proliferation of slums in urban centres. Decentralizing growth is hugely needed as this will ensure development to the grassroots level.
They are already congested, their fragile infrastructure sagging under the weight of a burgeoning population, not to mention reckless, haphazard real-estate development even as limited land availability remains a given. The Delhi NCR region has been showing the highest per capita income growth for the whole of the country, during the last decade. The rise in disposable income is very visible in the growth of real estate and capital goods consumption in the region. Given the projected GDP growth for the country and the planned budgetary expenses for the region, it is safe to assume the continuation of a large quantum of investment in the infrastructure development for the region.
As such, the NCR is poised to continue as one of the fastest growing regions, both in per capita as well as population density , given the high immigration numbers. And it goes without saying that the region is well placed for investments in industrial, commercial and residential development thanks to the decongestion and better quality of life offered by the Hub and Spoke expansion model being implemented.
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