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The India real estate Industry is consolidating its position and strengthening its fundamentals as the economy get sets for traversing a high economic growth trajectory. It is estimated that by 2030 the GDP of the country will multiply five times. There will be 590 million people living in cities, nearly twice the population of USA today and 91 million urban households will be middle class, up from 22 million today. During the next two decades $1.2 trillion capital investment is necessary to meet the projected demand in India’s cities. This is because 700-900 million square metres of commercial and residential space needs to be built and 2.5 billion square metres of roads will have to be paved, 20 times the capacity added in the past decade. In this background the recent Mc.Kinsey global institute’s report on India’s Urban Awakening has also brought forth some major concerns for Indian real estate industry . The recently held Real Estate Convention, organised by The Economic Times , was the perfect platform to deliberate upon major issues and discuss concerns related to the real estate sector. The convention brought forth all the stake holders ranging from developers, policy makers, to financiers and customers on one integrated platform. Among other things the speakers in the convention focussed on the challenges that are there in terms of land and transport infrastructure for the future growth of real estate in the country. In her inaugural address Kumari Sailja, minister, Ministry of Housing & Urban Poverty Alleviation , pointed out, “India is experiencing rapid urbanization , commensurate with the immerging economy that India is today. About 30 % of our population lives in towns and cities and in next two decades almost half of our country’s population would be living in cities and towns. So the challenge in front of us is huge. To cope with it we need effective urban planning . And the major aspect of urban planning would be transport, infrastructure, industry and housing.” In his keynote address Jaipal Reddy, Union Minister for Urban Development , highlighted the immediate steps needed to be taken. “Government of India is providing a boost to urban infrastructure in partnership with state governments through JNNURM. But as compared to global levels our efforts are just 30% and global average is more than 50 %. In the next 20 years our urban population will doubled up. It is both a huge problem and an equally big opportunity . What urbanization we have seen till now is just the tip of the ice berg and the time to come is going to be the greatest economic opportunity that should be exploited in such a way as to meet the ends of justice, ends of growth and ends of environment,” he said. http://economictimes.indiatimes.com/markets/real-estate/realty-trends/ET-Spcl-Urban-planning-for-better-cities/articleshow/7131227.cms