Climate change could result in Kolkata and Mumbai being amongst the top ten port cities of the world exposed to coastal flooding in 2070, with an exposure of estimated 2.54 crores of people and assets worth US$3.85 trillion. A coastline of about 7,500 kms will be at risk in the country due to coastal flooding that may occur as a result of climate change in 2070.
This has been stated in a global study conducted by the Organization for Economic Cooperation (OECD) in 2007 on ‘Ranking Port Cities with High Exposure and Vulnerability to Climate Extremes’. The report notes that those cities with greatest population exposure to extreme sea levels also tend to be those with greatest exposure to wind damage from tropical and extra tropical cyclones. The report has attempted to estimate the exposure of the world’s large port cities to coastal flooding due to sea level rise and storm surge.
According to the projections made in the Report, The study also claims that the top ten port cities with highest exposure to wind damage are also among the top twenty port cities exposed to present-day extreme sea levels. As per the Report, the risk of impact from the exposure to coastal flooding can be reduced through a range of adaptation strategies including flood and wind protection measures, effective disaster management strategies, and land use practices
According an official release, the Indian Government, on its part, has decided to take concrete steps and measures to meet the challenge of climatic change. It has been implementing various adaptation related programmes in the process of planned economic development. Specific measures taken include coastal protection infrastructure and cyclone shelters, plantation of coastal forests and mangroves. Further, in coastal regions, restrictions have been imposed in the area between 200m and 500m of the high tide line while special restrictions have been imposed in the area up to 200 m to protect the sensitive coastal ecosystems and prevent their exploitation.
The National Action Plan on Climate Change (NAPCC) which was released on 30th June 2008 outlining the strategy to meet the challenge of Climate Change. The National Action Plan advocates a strategy that promotes, firstly, adaptation to Climate Change and secondly, further enhancement of the ecological sustainability of India’s development path. The Action Plan envisages, among many other actions, effective disaster management strategies, strengthening communication networks and disaster management facilities at all levels and protection of coastal areas through focusing on coastal protection and early warning systems.
Showing posts with label mumbai. Show all posts
Showing posts with label mumbai. Show all posts
Wednesday, October 29, 2008
Saturday, September 6, 2008
Sea water turns sweet in Mumbai!
Sea water turns sweet! Though irrational, this news about sweet water in the sea spread faster than forest fire and engulfed the entire city of Mumbai.
'Lord Ganesha is drinking milk!' went the frenzied rumour. In less than a couple of hours, long queues materialized at milk shops and temples across the country. It took a whole day of scientific explanation to convince spell-bound devotees that there was nothing even remotely 'divine' about this phenomenon. Yet, they stubbornly refused to see the truth..........For a complete story, Pl chk with Concept PR: http://www.conceptpr.com/
'Lord Ganesha is drinking milk!' went the frenzied rumour. In less than a couple of hours, long queues materialized at milk shops and temples across the country. It took a whole day of scientific explanation to convince spell-bound devotees that there was nothing even remotely 'divine' about this phenomenon. Yet, they stubbornly refused to see the truth..........For a complete story, Pl chk with Concept PR: http://www.conceptpr.com/
Friday, August 15, 2008
Puravankara takes big leap into mass housing
MUMBAI: Taking a big leap into affordable premium housing and targeting the middle classes including the first time home buyer, real estate major Puravankara Projects Limited today announced the launch of its 100% owned subsidiary, Provident Housing and infrastructure Limited.
Under Phase I alone, the affordable housing project will cover Bangalore, Chennai, Hyderabad, Coimbatore, and Mysore where 64,500 homes with a total built up area of 59.80 million sq ft will be constructed over the next five years at a cost of about Rs 8,000 crores. The funding for these Phase I projects will be through construction debt and customer advances amounting to Rs 6,500 crores, with internal accruals and equity sourcing the remaining Rs 1,500 crores which will be utilized for land acquisitions.
In Phase II, Provident’s foot print will also cover cities like Delhi, Kolkata, Kochi, Jaipur, Pune and Nagpur.
The prices of Provident homes which are to be developed in a phased manner, are presently priced at Rs 10 lakhs, Rs 15 lakhs and Rs 20 lakhs and comprise of one, two and three bedroom homes.
The first three projects of Provident in Bangalore and Mysore of over 19,000 homes covering an area of 17.10 million sq ft are in the advanced stages of plan sanction with the first project in North Bangalore of 4.50 million sq ft comprising some 5,100 homes ready for launch in the next few months.
Mr Jayakar Jerome, a former IAS officer, who is credited with resurrecting the Bangalore Development Authority and taking up a slew of infrastructure projects in Bangalore City, will be the Managing Director of Provident Housing and Infrastructure Limited, while the Puravankara Group head, Mr Ravi Puravankara, will be the Chairman of the Company.
“Provident will target middle-class families and first time home buyers with the objective of meeting the ever increasing demand in this space.” said Mr Jayakar Jerome. “We will provide affordable premium homes which will cater to a largely under serviced market in the Country,” he said.
Provident has been established as an independent stand-alone entity with its own budget, offices and staff. Modern technology based methods are being used to achieve scalability at an affordable price. Provident Housing and Infrastructure Limited will function under the supervision of the Puravankara Group which is known for its premium, world class quality construction standards.
Apart from homes Provident will also develop and sell large plotted development townships for affordable housing supported by facilities like hospitals, schools and playgrounds.
With rising income levels and aspirations and the emergence of a new salaried class in the Country, the demand for homes has far out-paced supply. According an estimate, India’s housing shortage has increased from 19.4 million units in 2004 to 22.4 million in 2005-06 and this figure has since only kept rising.
The Puravankara Group with over 33 years of excellence in the upper end of the housing sector across various regions of the Country has projects in Bangalore, Chennai, Kochi, Coimbatore, Hyderabad, Mysore and Colombo. The Group also has an important presence in Dubai in the UAE and business representatives in the United Kingdom and the United States. With a land bank of over 125 million sq ft, the Group has above 20 million sq ft of residential and commercial space currently under construction. Included in this are on-going residential projects amounting to 18.30 million sq ft comprising 11,010 homes.
Under Phase I alone, the affordable housing project will cover Bangalore, Chennai, Hyderabad, Coimbatore, and Mysore where 64,500 homes with a total built up area of 59.80 million sq ft will be constructed over the next five years at a cost of about Rs 8,000 crores. The funding for these Phase I projects will be through construction debt and customer advances amounting to Rs 6,500 crores, with internal accruals and equity sourcing the remaining Rs 1,500 crores which will be utilized for land acquisitions.
In Phase II, Provident’s foot print will also cover cities like Delhi, Kolkata, Kochi, Jaipur, Pune and Nagpur.
The prices of Provident homes which are to be developed in a phased manner, are presently priced at Rs 10 lakhs, Rs 15 lakhs and Rs 20 lakhs and comprise of one, two and three bedroom homes.
The first three projects of Provident in Bangalore and Mysore of over 19,000 homes covering an area of 17.10 million sq ft are in the advanced stages of plan sanction with the first project in North Bangalore of 4.50 million sq ft comprising some 5,100 homes ready for launch in the next few months.
Mr Jayakar Jerome, a former IAS officer, who is credited with resurrecting the Bangalore Development Authority and taking up a slew of infrastructure projects in Bangalore City, will be the Managing Director of Provident Housing and Infrastructure Limited, while the Puravankara Group head, Mr Ravi Puravankara, will be the Chairman of the Company.
“Provident will target middle-class families and first time home buyers with the objective of meeting the ever increasing demand in this space.” said Mr Jayakar Jerome. “We will provide affordable premium homes which will cater to a largely under serviced market in the Country,” he said.
Provident has been established as an independent stand-alone entity with its own budget, offices and staff. Modern technology based methods are being used to achieve scalability at an affordable price. Provident Housing and Infrastructure Limited will function under the supervision of the Puravankara Group which is known for its premium, world class quality construction standards.
Apart from homes Provident will also develop and sell large plotted development townships for affordable housing supported by facilities like hospitals, schools and playgrounds.
With rising income levels and aspirations and the emergence of a new salaried class in the Country, the demand for homes has far out-paced supply. According an estimate, India’s housing shortage has increased from 19.4 million units in 2004 to 22.4 million in 2005-06 and this figure has since only kept rising.
The Puravankara Group with over 33 years of excellence in the upper end of the housing sector across various regions of the Country has projects in Bangalore, Chennai, Kochi, Coimbatore, Hyderabad, Mysore and Colombo. The Group also has an important presence in Dubai in the UAE and business representatives in the United Kingdom and the United States. With a land bank of over 125 million sq ft, the Group has above 20 million sq ft of residential and commercial space currently under construction. Included in this are on-going residential projects amounting to 18.30 million sq ft comprising 11,010 homes.
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