HomeNewsBusinessReal EstateG20 | International events should trigger creation of more ‘national real estate assets’: Urban design experts

G20 | International events should trigger creation of more ‘national real estate assets’: Urban design experts

These real estate assets should be created in cities other than the national capital. Proper plans should in place for their long-term use so that these venues do not turn into white elephants for the host city, they said.

September 07, 2023 / 13:49 IST
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The prime minister highlighted that the G20 event was different in the sense that it paved the way for the ‘democratisation’ of events by holding them across cities
International events should trigger creation of more ‘national real estate assets’ such as the Bharat Mandapam: Urban design experts

In an interview with Moneycontrol, Prime Minister Narendra Modi observed that "historically, in the circles of power, there was a certain reluctance to think beyond Delhi, particularly Vigyan Bhavan, for hosting national and international meets. This may have been due to convenience or a lack of confidence in the people."

This is important considering that large-scale international events such as the Asian Games, Commonwealth Games, and International Trade Fair have all been held in the capital. Also, the creation of national real estate assets such as the newly constructed Bharat Mandapam or earlier landmarks such as the Vigyan Bhawan or the sports infrastructure created during these international games have also been concentrated in Delhi.

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The prime minister highlighted that the G20 event was different in the sense that it paved the way for the ‘democratisation’ of events by holding them across cities. He said that by the end of the G20 Presidency, "there will have been over 220 meetings in 60 cities across all 28 states and eight union territories. More than one lakh participants from approximately 125 nationalities will have visited India. Over 1.5 crore individuals in our country have been involved in these programmes or have been exposed to various aspects of them. Holding meetings of such scale and hosting foreign delegates is an endeavour that calls for great capacity building in terms of infrastructure, logistics, communication skills, hospitality, and cultural activities, among others. Our democratisation of the G20 Presidency is our investment in the capacity building of the people, especially youth, of various cities across the country."