~The firms’ Livability Quotient Report studied 10 emergingcities
~ Palava topped the overall livability factors such as urban planning, smart governance,education & leisure facilities and real estate performance
Mumbai,September 7, 2017: India’s first greenfield integrated smart city,Lodha Group’s Palava City has been ranked as the No.1 emerging city of India by Jones Lang LaSalle’s (JLL) proprietary research report “Livability Quotient– A Paradigm Shift in India’s Emerging Cities”. The report scrutinised performance of 10 emerging cities / townships for its city administration practices, sustainability, and overall livability quotient.
In the lieu of releasing this report, Mr. ShaishavDharia, Regional CEO, Lodha Group said,“It’s a great honour for us that Palava has been recognized as the No.1 livable city amongst others in India. It gives us a sense of pride of making a privately-managed city competent with city administrations and corporations. This report is a testimony of our efforts of making Palava one of the 50 most livable cities in the world.”
He further added, “With the impending population boom, the drastic impact on existing resources is a major concern. The government has been trying relentlessly to address this issue through initiatives which work towards providing a better quality of life for the citizens and the vital need for sustainable growth. The aim is to make Palava a marquee development that provides its residents a technologically advanced city catering to existing as well as the future needs while also combating the fast urbanization of Mumbai as a whole.”
Palava topped the chart in parameters like urban planning, utilities and daily needs, leisure and recreation, smart governance and real estate performance thus making it the most livable city in the country.
- Planning–Palava has been planned to ensure a healthy and fulfilling lifestyle for its residents. Be it through lacs of trees at Palava that provide clean air or through the open areas that constitute more than 60% of spaces at Palava. Palava also leads with a 5/10/15 concept which means that the residents can reach convenience retail, bus stops in a 5min walk, schools and areas of recreation in a 10 min walk and commercial business district in 15 min.
- Utilities– Palava has strengthened its approach towards a holistic living along with uninterrupted delivery of daily utilities. It ensures 24*7 water supply, intercity transportation,education and healthcare facilities, fiber connectivity, asset management systems are one of the many provisions.This integrated township recycles 100% of the waste water through sewage treatment plant and is building a 15-acre solar farm.
- Leisure & Recreation- Further increasing the recreational quotient of Palava, it provides its residents a5 lakhsq. ft. Xperia mall, 9-hole golf course, FIFA approved football field, Grand clubhouses, a 1.3 km long riverside promenade with an open amphitheatre where Palava hosts its cultural events and a 6 acre landscaped Park around a natural lake with a Nature Interpretation Centre.
- Smart Governance-Palava has adopted a unique C.T.V model which stands for Citizens, Community, Technology and Vision. Toinstitute participative citizenship and inclusion of efficient city management practices, Palava has formed a private municipal and resident councils that work together to run the city. Palava has also established a city command centre, Palava Portal and Palava smart card facility toinstil centralized monitoring and analytics in the areas of 911 Emergency. This allows Palava with real time monitoring, ensuring safety & security of the citizens including the 311 emergency management systems.
- Real Estate Performance- The proliferation of real estate and infrastructure in and around Kalyan-Dombivlihas propelled Palava’s growth threefold since 2009, making it one of the most profitable investments in the MMR region. With 29,000 families making Palava their home already and an annual population growth of more than 50%, Palava is the fastest growing city in India presently.
To access the complete report, please click here
Palava, a 4500-acre development located in Kalyan Dombivli, Mumbai is India’s first greenfield smart city being developed and managed by Lodha Group. Palava was envisaged to be amongst the 50 most livable cities in the world by 2025. In just 7 years since its inception, Palava is already home to over 29,000 families and has become the fastest city ‘startup’ in the world’s history.Best from around the world including GE, IBM, Sun Edison, Philips and many other majors are working together to createa smart and sustainable Palava.
About Lodha Group
Established in 1980, privately held Lodha Group is India’s leading real estate developer and amongst the world’s select multinational real estate developers with presence in India and the United Kingdom. The company is the largest in India by sales for five consecutive years, having clocked over INR 8,200 Cr of net sales for FY 16-17. The company is currently developing around 3.6 crore sq. ft. of prime residential real estate globally with the largest land reserves in the Mumbai Metropolitan Region and has 26 ongoing projects across London, Mumbai Metropolitan Region, Pune and Hyderabad. In FY 2016-17, Lodha Group delivered over 7,200 units across projects.
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