News & Views on Indian Real Estate

Friday, June 20, 2008

Foreign Architects Rush into India

The profession and practice of architecture in India has undergone a complete transformation in this decade. The last eight years have been a boom time, not seen since the heady days of Post Independence India. The booming economy and the burgeoning middle class has prompted developers to bring in foreign architects with foreign fees to design everything from airports to residential and office towers and bungalows and resorts. Foreign architects bring in the tried and tested processes and function precision to bring about a complete turnaround in the way projects are designed and built. They pair up with Indian firms who have the expertise on the ground to get things done and built. Foreign architects for the most part are bringing in foreign solutions and design principles which may not all work in India, but the public does not think a second before lapping it all up. We are literally bringing New York, Chicago, Tokyo or Shanghai to Bombay, Delhi, Calcutta, Madras and countless other towns and cities. Only time will tell if this is successful in the long term. India is not the only place in the world where this is happening. China is way ahead of us in transplanting urban fabric from the West into their cities.

3lilangels said...

very interesting, thanks

vikas bamotra said...

The real estate sector in India has now become one of the most important sectors in the recent times, thanks to the rising prices of land.
Today real estate sector has become a reckoning force in the economy of India. This sector which till few years back were unknown to most of the investors and people suddenly has become a hot topic to discuss about in a group. The evidence of popularity of real estate in India can be determined from the fact that now to buy a piece of land in the metropolitan cities like New Delhi, Mumbai, Kolkata and Chennai requires a person to shell out a huge sum of money probably in crores. Nariman point, in Mumbai is the most expensive place in India. If that is about the Mumbai, then even New Delhi is not far behind. Yes most of the real estate developers have now shifted their focus on New Delhi and to the NCR areas.

Anonymous said...

I really like your blog it’s excellent…

Plz share more about India real estate growth in this ression