Building a New India
Address by Manoj C. Benjamin at the National Real Estate Development Council (NAREDCO), under the aegis of the Ministry of Housing and Urban Poverty Alleviation, Government of India.
"According to Government of India estimates, approximately US$200 billion will be required over the next 7–10 years for basic infrastructure projects." That number — staggering as it is — understates the true scale of capital required to urbanize India responsibly.
India is currently undergoing the largest urban migration in human history. The World Bank projects that 416 million people will move into Indian cities between 2018 and 2050 — more than China's 250 million and Nigeria's 180 million in the same period combined.
Meeting that migration with traditional, fragmented, low-density construction is impossible. The only path that scales is the integrated township: large, master-planned, mixed-use districts with captive utilities, smart-city infrastructure, and live-work-play programming built in from day one.
RIRIC's Royal Garden City program is purpose-built for this challenge. Eight cities are planned, starting with Bangalore — an initial 120–200 million buildable sq. ft. out of a 500 million sq. ft. two-decade build-out, delivering 350,000–400,000 homes across India's Tier-1 and Tier-2 markets.
Building a new India is not a slogan. It is the only credible response to the demographic and climatic pressure the country faces over the next 25 years.