Suraj Morajkar has worked with almost all celebrities who have homes in Goa. He has also worked on key projects in Goa like The Hilton Goa Resort. His journey in real estate has been a spectacular one which leaves many people inspired to create more while giving back to society.
How did your journey in real estate start? Tell us more about your experience in this field till now.
As a young boy from Goa I was always surrounded by beautiful architecture. That image has stayed with me all along. I have always wanted to create homes that would retain its posterity and the inspiration from Goan architecture which is a blend of Europe and it took us in that direction.
Tell us more about the role that international collaborations play in the real estate industry?
Our company was born with acumen for International standards. At first, we worked with local and national architects gradually moving to associate and engage with international architects who brought a different understanding and view for what we desired to create and build. We found tremendous change between what was getting acquired and the development done by the rest of the developers. Right from the beginning, since our brand took progressive involvements and engagements we were aligned towards international standards of design which aesthetically suit the local atmosphere. Also, such projects attract the right audience, enabling us to convert them to great addresses in Goa. We have collaborated with some very talented architects national and international. David Ruff of Nava Companies from New York. Blink Design group from Singapore, Robert Patzschke of Germany, Burega Farnell of Singapore, Lars Thomsen of Denmark, Edgar Demello of EDA Bangalore, Arvind D’Souza of ADA Goa.
Having built both commercial and residential real estate in Goa, which one do you like building more and why?
Both have their own charm. The commercial real estate we build is in conservative zone where there is a challenge in building commercial premises based on the old charm, which excites us more. We like the challenge of it and it gives us a lot of intellectual recognition. Residential housing gives us a chance to bring in a new flavour and add beauty to the local landscape.
What are some laws which help the real estate industry in India?
I could say that what helped us in my state of Goa is where the laws are local friendly to keep the village atmosphere whilst building something modern yet maintaining the locality of the place. The laws here are not of a city mentality.
Are there any specific policies in India which aid the real estate sector and contribute to its growth?
Policies like RERA aid in easing down the funding for the real estate sector through NBFC (Non Banking Financial Companies). RERA has helped to retain buyer’s confidence and also helped progress motion and drive in the real estate sector.
What do you wish was different about the real estate market in India?
I’m a local of Goa. My market is very different as compared to the other since the Indian real estate market is specific to the regions you belong to.
For instance, we in Goa are not city specific per se. However, a metro city always has an expansion because of the population and desire of a middle class family to move to a larger home apartment or villa. Also, with the pandemic happening, people want to move to open spaces.
I think there should be the ease of funding and India should bring in foreign investment for the real estate sector which is their own banking institution and we should have access to the capital. Real estate should also have its own cooperative.
Since foreign investment is important, the government should have a policy that foreign investors can directly give money to builders as it is cheaper due to interest rates.
Out of other destinations in India, why did you choose Goa as the location for your real estate?
Goa is home. It is obvious I chose Goa to create beautiful homes.
What is different about the real estate market in Goa compared to other places in India?
Goa is a place where everyone comes to unwind; for peace of mind, for holiday homes, for tranquility and for some a wish to retire. Goa is an International tourist destination which gives you a blend of greenery of village life and beach getaway. This is the big difference and makes Goa global in terms of living standards.
Where do you see real estate in Goa going in the next 10 years? What policies do you think will be different about real estate in the country?
I think since there is a great connectivity to Goa, it will be another Mecca of holiday homes, retirement options and settling down in India. The culture of Goa is here to stay as the people of Goa really care about their local aesthetics and environment.
New Report Shows Shape of Urban Growth Underpins Livability and Sustainable Growth
A first-of-its-kind World Bank analysis, of the shape and growth of nearly 10,000 cities between 1990 and 2015, finds that the most successful urban areas are those that connect their growth to economic demand and then support this with comprehensive plans, policies and investments that help avoid uncontrolled sprawl.
The new report, Pancakes to Pyramids – City Form for Sustainable Growth, analyzes the dynamic, two-way relationship between a city’s economic growth and the floor space available to residents and businesses. It finds that a city is most likely to be its best version when its shape is driven by economic fundamentals and a conducive policy environment – namely, a robust job market, flexible building regulations, dependable public transit and access to essential services, public spaces, and cultural amenities.
Ultimately, getting livable space right, hinges on how a city manages its growth as populations and incomes increase, factoring in three dimensions of expansion – horizontal, vertical or within existing spaces (known as infill), the report finds. This will be key as cities, on the frontlines of the COVID-19 crisis, begin planning for a long-term, resilient, and inclusive recovery.
“Cities are at the frontier of development; they are where people go to chase their dreams of a better life for themselves and their families,” said Juergen Voegele, Vice President for Sustainable Development, World Bank. “This report helps us understand why a city grows outward, inward or up. As we support countries with their COVID-19 recovery efforts, this will also help us reflect on what makes a city livable and remind us that well-planned urban growth is good for both people and planet.”
In the average Sub-Saharan African city, 60 percent of the population lives in slums—a much larger share than the 34 percent average in cities in developing countries. The lack of floor space takes a severe toll on livability—with major consequences in times of pandemics like COVID-19. Many South Asian cities face similar issues.
Horizontal growth is inevitable for most cities. People will continue to migrate to urban areas for opportunities and a better quality of life, so it is crucial for cities to plan for this trend. As urban populations grow, one way to create more space per inhabitant is by building up instead of out. This could also help reduce crowding, discourage long commutes, draw more people to public transit and drive down greenhouse gas emissions. But building tall, or accommodating more people in a city, is dependent on economic demand and the business environment as it requires better technology, large investments, and higher returns on capital.
“Understanding the multiple drivers of city growth—a precondition for livable density in cities—can help city leaders focus on the right policy actions,” said Somik Lall, co-author of the report. “If managed well, cities that take a more pyramid-like shape can provide an impetus to accelerate sustainable development by getting people out of cars, cutting commute times, and limiting greenhouse gas emissions.”
Today, around 55 percent of the world lives in urban areas. By 2050, this number is projected to surpass two-thirds of the global population, with much of the new urbanization happening in Sub-Saharan Africa and South Asia. While such growth signals opportunities and better livelihoods for millions of people, it also puts immense strain on cities, especially in countries that contend with low incomes and weak institutional and fiscal capabilities.
By describing how economic productivity shapes decisions by households and firms to locate in cities, and how the quantity and spatial distribution of urban floor space respond to these changes in demand, the report aims to help decision makers sort through competing legal and regulatory approaches, evaluate their investments in infrastructure, and mobilize finance for durable urban investments, particularly for essential services such as transport, water provision, solid waste management, and sewage removal and treatment.
First international online forum Smart Cities Moscow
The first international online forum Smart Cities Moscow ended in Moscow. 86 speakers from Russia, China, Switzerland, Canada, Spain, the United States, Sweden, and other countries spoke at the forum’s business program. More than 193,000 people watched the broadcasts of the panel discussions and sessions.
“A modern approach to digitalization is unthinkable without exchange of experience and conversation between cities. Moscow, being one of the world leaders of digital transformation, acted as a platform for such a conversation, and it is important for us that the international community responded with interest to this initiative. Recent years have especially shown how important it is to develop the IT infrastructure of cities and create online services focused on the daily needs of city dwellers. Synchronization and joint efforts will make megacities even more sustainable, smart and comfortable for living,” said Eduard Lysenko, Minister of the Moscow Government, Head of the Department of Information Technologies of Moscow.
The need for global communities to cooperate in creating and developing smart cities was also stressed by Juwang Zhu, director of the UN Department of Economic and Social Affairs’ Division of Public Institutions and Digital Government.
“We at the UN support universal interaction in terms of the implementation of new technologies. I am glad that the Smart Cities Moscow forum will now be an annual event. This is very important: to encourage cities to exchange practices, to develop digitalization with the whole world, so that there would be more and more smart cities,” Juwang Zhu said, adding that the greatest benefit of using new technologies was seen by countries during the fight against the pandemic.
The business program of the forum consisted of 15 sessions divided into three main directions: “Smart City Infrastructure and Technologies”, “Smart City for Life”, and “Sustainable Development of Smart City”. The experts shared their experiences of using digital solutions in transport, urban planning, tourism, ecology, energy and other sectors important for the cities. Separate sessions were devoted to piloting 5G networks, application of artificial intelligence in urban processes and big data analysis for urban development planning.
Best practices and ecosystem approach to the digitalization of cities were discussed during the plenary session of the forum. Mayor of Moscow Sergey Sobyanin spoke about the experience of introducing technologies in the capital and creating digital platforms for residents. He noted that Moscow digital projects cover absolutely all spheres of life, focusing primarily on human needs. Representatives of the relevant departments of the Moscow City Government spoke in more detail about the capital’s IT projects during the panel discussions.
Mr. Chen Jining, Mayor of Beijing, Mr. Bakytzhan Sagintayev, Mayor of Almaty, Mr. Saeed Belhoul, Director of Electronic Government Operations of Dubai Telecommunications Regulatory Authority, Mr. Mohamed Salah Eldin, Project Manager for the construction and formation of the smart city Nour (new administrative capital of Egypt) and Mayor of Fort Lauderdale Dean Trantalis also shared their experience at the plenary session.
One of the key events of the forum was the awarding of two certificates of compliance with international ISO standards for sustainable and smart cities to Moscow. “Until now, there has never been a precedent in history when both of these certificates were awarded simultaneously,” said Patricia McCarney, president of the International City Data Council (WCCD).
How Cities Can Take Action to Drive the Energy Transition
The dominance of fossil fuels in the urban energy supply puts cities on the frontline of climate change. Cities account for about 75% of global primary energy use and are responsible for 70 per cent of energy related greenhouse gas (GHG) emissions, making them key actors in both national and global efforts to transition to a net-zero future.
Cities can catalyse the shift to a low-carbon future
A new report published today by IRENA, outlines ways in which cities can catalyse the shift to a low-carbon future – in turn supporting regional and national governments with the achievement of sustainable energy targets and the realisation of global climate objectives. Cities can be target setters, planners and regulators. They are often owners and thus operators of municipal infrastructure. Cities are always direct consumers of energy and therefore aggregators of demand, and can be facilitators and financiers of renewable energy projects.
Renewable Energy Policies for Cities also presents case studies from small- and medium-sized cities in various regions, demonstrating that cities are already stepping up to the responsibility. Examples from China, Costa Rica, and Uganda show that despite limited access to financing and policy support, the clear benefits of sustainable energy in an urban context have inspired action.
Solar Power in Kasese, Uganda
In Kasese, Uganda, for example, the municipality recognised its significant potential for solar energy, in turn leading to the establishment of Kasese’s Municipal Sustainable Energy Strategy in 2017. IRENA contributed to Kasese’s journey in deploying solar energy with its SolarCityEngine, a web-based application to assist homes, businesses and municipal authorities in evaluating the prospects of electricity generation using rooftop solar photovoltaics (PV). The online simulator allowed the municipality to assess the costs of incentive, affordability, and the total volume of investments.
A set of policy measures then followed, which included efforts to attract investments, programmes to train households and small businesses to deploy home-based solar system, and awareness-raising activities to ensure acceptance by residents. As a result, the residents of Kasese embraced the deployment of solar PV in their city, including their homes. The shift from polluting kerosene lamps to clean solar power brought improved health to many and presented new economic opportunities as people saved money on electricity.
E-mobility in Cartago, Grecia and Guanacaste in Costa Rica
In Cartago, Grecia, and Guanacaste in Costa Rica, electric mobility (e-mobility) is the new frontier in achieving net zero emissions. E-mobility is presented as a natural choice for the country thanks to its high renewables share in power supply, the availability of space for infrastructure, the short average of driving distance, and the optimal average temperature for electric vehicles (EVs).
With effective policies in place, the report highlights that Cartago, Grecia, and Guanacaste have all witnessed a positive increase in e-mobility infrastructure. The easy access to facilities, combined with the cost efficiency of EVs, motivates residents to make the shift from fossil-fuelled vehicles to EVs, and adopt a more sustainable way to commute. Electric buses also increased in number, not only creating jobs for trainers and drivers, but also reducing demand for private driving, and consequently GHG emissions.
Wind-powered heating in Zhangjiakou, China
In Zhangjiakou, China, residents attested to the positive change brought about by a wind-powered heating system. After abandoning coal for heating, residents found the air to be cleaner, which motivated people to enjoy nature and socialise more in outdoor settings. The wind power also fuelled growth in the city as businesses increasingly sought to base their operations in Zhangjiakou, to benefit from the low-cost electricity produced by the wind power.
Geothermal energy for district heating and cooking in Xiong’an, China
Xiong’an became the first smog-free city in Northern China thanks to the development of geothermal energy. With its low operation and maintenance costs, as well as resilience to weather conditions, geothermal has successfully replaced coal-generated district heating in Xiong’an. Residents enjoy the benefits from reduced heating costs, and the geothermal power plant together with district thermal grid creates jobs for the city.
Geothermal energy for district heating in Bogatić, Serbia
In Serbia, the success of Bogatić municipality in deploying geothermal energy for district heating system has motivated other municipalities to exploit their geothermal potential. After discovering the cost efficiency and the reduced pollution resulting from it, residents and financial institutions are now the advocates for the technology. See the guidelines for policy makers on Integrating low-temperature renewables in district energy systems.
Global energy transformation starts at a local level
Examples presented in the report showcase best practices for other cities working towards a decarbonised energy supply. What they emphasise is the importance of strong alignment between local and national governments, and of proactive local resident, community group and business engagement. For the global race to zero to move at an accelerated pace, the world’s urban environments must be empowered to take meaningful actions.
Read more in the Renewable Energy Policies forCities and related case studies, also available in Spanish and Chinese. The reports and case studies were produced with the support of the International Climate Initiative.
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