Integrated townships new mantra for developers

Integrated township is the new buzzword with realtors planning huge investments in projects that

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they say would reduce pressure on city infrastructure and bring in crores of investment into the housing sector.

An integrated township comprises residential and ancillary facilities such as school, hospital, hotel and retail.

Several developers like Tata Housing, Emar MGF, Ansal Properties and Infrastructure (APIL) and Kumar Urban Development have planned integrated townships in the country.

"In new integrated townships, planners are looking at solutions to increasing pressure on existing urban infrastructure and rapid urbanisation," Sahara Prime City Chief Executive Sushanto Roy told PTI.

"Sahara has already experimented successfully with the concept of integrated townships at cities like Hyderabad, Bhopal, Lucknow and Gorakhpur based on which we are now developing 88 integrated townships across India of which nine is already under construction," Roy said.

HIRCO, promoted by the Hiranandanis, has announced plans to invest up to close to Rs 25,000 crore in developing two integrated townships in the country over the next 10 years. The company is developing two projects in Chennai and Panvel, near Mumbai.

"We are going to put in USD 4-5 billion over a period of 10 years in completing these projects," HIRCO Group CEO Priya Hiranandani Vandrevala said.

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