{"id":27899,"date":"2016-09-30T14:01:13","date_gmt":"2016-09-30T07:01:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pressed-for-land-singaporean-developers-explore-growing-indian-cities\/"},"modified":"2016-09-30T14:10:31","modified_gmt":"2016-09-30T07:10:31","slug":"pressed-for-land-singaporean-developers-explore-growing-indian-cities","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pressed-for-land-singaporean-developers-explore-growing-indian-cities\/","title":{"rendered":"Pressed for land, Singaporean developers explore growing Indian cities"},"content":{"rendered":"


\nFrom Millennium City to mountain towns, India\u2019s cities are piquing interest
\n\u2018Cyberhub\u2019 in Gurgaon. Amlan Mathur\/Shutterstock
\nWith India urbanising fast, Singaporean developers are taking their projects away from the land-scarce city-state and into the subcontinent\u2019s ever-multiplying cities.
\nAscendas-Singbridge, a developer affiliated with the Singaporean government, recently revealed a renewed interest in building homes and offices for India\u2019s growing populace, the Nikkei Asian Review reported. Many young, IT-savvy people are migrating to Indian cities, said Manohar Khiatani, Ascendas-Singbridge\u2019s deputy group CEO, at a seminar in Tokyo on Wednesday.
\n\u201cWe are quite positive about the Indian market, and we will continue to invest there,\u201d he said. \u201cMore people are moving to cities, and there will be a strong demand for real estate.\u201d
\nAscendas-Singbridge has earmarked Gurgaon, India\u2019s \u2018Millennium City,\u2019 for an IT park.
\nMore: Asian developers are investing billions in India
\nOther Singaporean developers are heading for India\u2019s hill towns. The Himachal Pradesh Housing and Urban Development Authority recently struck an agreement with Asia Pacific Singapore Enterprise to develop an integrated township, Greater Shimla, outside the eponymous mountain town.
\nBy 2030, India\u2019s population will have grown so large that its real estate and construction sector will become the third largest on earth, according to a background paper recently published by KPMG and India\u2019s National Real Estate Development Council. The brisk growth of urban areas in the country has led the Union government to roll out the Smart Cities mission with the aim of making them more sustainable.
\nAscendas-Singbridge expects the urban populace in Asia to increase to 3.3 billion by 2050. Singapore\u2019s population is set to reach at least 6.5 million in 2030, boding more demand for land reclamation projects for the 719.1-square-kilometre city-state.
\nRead next: Donald Trump behind two luxury residential towers in India
\n
\nSource : property-report.com
\nRead more…Pressed for land, Singaporean developers explore growing Indian cities<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

From Millennium City to mountain towns, India\u2019s cities are piquing interest \u2018Cyberhub\u2019 in Gurgaon. Amlan...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-27899","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7fZ","jetpack-related-posts":[{"id":33480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gurgaon-is-the-indian-city-on-property-investors-lips-this-year\/","url_meta":{"origin":27899,"position":0},"title":"Gurgaon is the Indian city on property investors\u2019 lips this year","date":"November 8, 2016","format":false,"excerpt":"\r Real estate market goes into overdrive Sunset over Gurgaon cityscape. 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Vincent St. Thomas\/Shutterstock Private home prices in Singapore experienced the steepest decline in seven years, data released Monday by the Urban Redevelopment Authority showed. The country\u2019s private residential property index\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-completes-acquisition-of-ascendas-singbridge\/","url_meta":{"origin":27899,"position":5},"title":"CapitaLand Completes Acquisition Of Ascendas-Singbridge","date":"July 1, 2019","format":false,"excerpt":"\r CapitaLand has completed its acquisition of all the shares in Ascendas Pte Ltd and Singbridge Pte. Ltd., resulting in the creation of one of the largest diversified real estate groups in Asia, with assets under management at over $123 billion. 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