SURAT ON THE RISE Designing a Sustainable City Dr. Kamlesh Misra Vice Chancellor Auro University, Surat Auro University is the first Private University of Surat and has been conceptualized as a Center for Integral and Experiential learning. The objective of the University is to transform students from a learner to a Leader
The World we Live in Today.. "In 2008, for the first time in history, more than half of the world's population was living in towns and cities. By 2030 this number will swell to almost 5 billion, with urban growth concentrated in Africa and Asia. While mega-cities have captured much public attention, most of the new growth will occur in smaller towns and cities, which have fewer resources to respond to the magnitude of the change. ... Migration is a significant contributor to urbanization, as people move in search of social and economic opportunity."
Population Picture in Millions g 2001 2011 Difference India 1029 1210 181 Rural 743 833 90 Urban 286 377 91
Challenge Vs Potential Population Increased by about 18 Crore during the last decade. If we assume an average Household Size of 5 people. Then we would have needed approximately 3 Crore and 60 lakh housing unites during the last decade itself. This is a challenge for policymakers but potential for the real-estate market.
Classification of Cities based on Real Estate Market Tier I Bangalore, Mumbai, NCR. (Fairly well-established real estate market. Demand drivers quite pronounced)
Conti.. Tier II Hyderabad, Chennai, Pune, & Kolkata (Growing real estate markets. Experiencing heightened demand and investments)
Conti… Tier III Chandigarh, Ludhiana, Lucknow, Guwahati, Bhubaneswar, Jaipur, Ahmedabad, Surat, Nagpur, Indore, Goa, Visakapatanam, Mysore, Coimbatore, Kochi, Vijaywada, Mangalore, Trivandrum and Baroda . (Real-Estate markets yet to establish. Perceived to have substantial potential demand).
POPULATION GROWTH (SURAT)* 2001- 28.42 Lakh 2011- 44.01 Lakh Growth Rate of Surat (SMC) = 56 Percent Growth rate of Ahmadabad= 20 Percent The growth Rate of Population in the last decade of Surat, Rajkot, Junagadh & Jamnagar has exceeded that of Ahmadabad. * Estimates for 2011
Advantage Surat… <ul><li>Second Largest City of Gujarat State </li></ul><ul><li>8 th Largest Metropolitan city of India </li></ul><ul><li>GDP of 11.5 % against 8% for the Nation as a whole. </li></ul><ul><li>Fastest growing Indian city in terms of Economic Prosperity. </li></ul><ul><li>Highest Income Tax Paying City in Asia </li></ul><ul><li>Highest Average Annual HH Income @ 4.57 Lakh </li></ul><ul><li>74% of population is below the age of 35 </li></ul><ul><li>4 TH Fastest growing city of the world </li></ul>
Potential of Cities like Surat.... <ul><li>Cities like Surat will have to accommodate India’s fast growth in the future. </li></ul><ul><li>These are not small cities, the trend is very clear and growing. </li></ul><ul><li>Urban Landscape will change dramatically, it will move out and out. </li></ul><ul><li>Cities like Surat have an opportunity to create new models of Urban Development. </li></ul>
Conti… <ul><li>Single Urban Core of a city may not be the best way to map a city in the future. </li></ul><ul><li>Every city has its shape and size and it changes with growth. </li></ul><ul><li>Horizontal Growth </li></ul><ul><li>Vertical Growth </li></ul>
Growth Drivers COMMERCIAL RESIDENTIAL IT /ITES, Retail Urbanization Growth in knowledge and Rising first-time buyers Technology Intensive Sector Growing FDI Increasing Incomes Education & Health Increasing Households