By the year 2050 The world population is expected to reach 9.6 billion. 6.4 billion (66%) will be living in urban areas. This is all good news if only the cities around the world are able to not only absorb the population growth but also flourish economically while achieving and maintaining environmental and social sustainability. Unfortunately that is not the truth and data suggests that if things remain as business as usual, by the year 2050, two thirds of urban population could be living in slum like conditions.
Urbanetic has categorized the challenges that it wants to address, into three distinct opportunities and problems of significant scale and magnitude
The urban sustainability and sub-optimal performance of the built environment.
The trapped liquidity associated with real estate assets.
Limited access to investment and financing options available in real estate.