Business Companies 27 Apr 2017 Go in for taller bui ...

Go in for taller building in urban areas: Panagariya

PTI
Published Apr 27, 2017, 3:00 pm IST
Updated Apr 27, 2017, 3:04 pm IST
Panagariya said: "In some cases, pieces of land are owned by sick CPSEs, which can be brought into the market."
Arvind Panagriya
 Arvind Panagriya

New Delhi: India should go in for taller buildings in view of space constrains being faced in urban areas, NITI Aayog Vice Chairman Arvind Panagariya said today.

Indian cities have often not exploited the land vertically, he said. "So, you see that most Indian cities are rather horizontal," he added. "In today's time of land scarcity, it is very important that we begin to exploit the vertical side of land, which means making building taller which regulation wise requires higher floor index," he said at an event here on Smart Cities.

 

Noting that for different reasons, part of urban land is not fully or optimally utilised, Panagariya said: "In some cases, pieces of land are owned by sick CPSEs, which can be brought into the market."

He pointed out that creating affordable housing, rental dormatory housing to accommodate migrant population is also important. Stressing upon the need of various sections of society such as women and the differently-abled, Panagariya said that migration and modernisation is both part of urbanisation. "Even conservative estimates put India's urban population in 2030 at 600 million. It is almost twice of current population of USA," he observed.

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Location: India, Delhi, New Delhi




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