India Urbanisation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Building the necessary infrastructure will be key for creating livable, climate-resilient, and inclusive cities that drive the economy forward. Since nearly 70 % of the urban infrastructure needed by 2047 is yet to be built, sizeable investments will be required. By 2036, India will need to invest $840 billion in infrastructure - an average of $55 billion or 1.2 % of GDP per annum. However, estimates suggest that between 2011 and 2018, the country's total capital expenditure on urban infrastructure averaged only 0.6 % of GDP, half the required quantum of investment.

Real estate consultant Knight Frank's Global House Price Index tracks nominal and real price growth across 56 countries in local currencies. Turkiye is at the number one position with an annual 89.2% appreciation, followed by Croatia (13.7%), Greece 11.9%, Colombia 11.2% and North Macedonia 11%.

There are several reasons why the naysayers’ scepticism about India bidding for the 2036 Olympic Games is misplaced

Putting people first as part of the Aspirational Cities Programme is a step in the right direction. Bringing a sense of competition amongst the cities for urban governance will catapult the state into a trillion-dollar economy