10 Smart Cities to vouch for in 2015 : A CommonFloor Report
The Modi-led government infused a new ray of hope to the dwindling realty sector in India early this year. Besides bringing the economy back on growth track, the ruling party’s manifesto widely spoke about creating 100 smart cities in the country with major emphasis on infrastructure development. While IT giant IBM has expressed keen interest in participating in this ambitious initiative, Prime Minister Narendra Modi in his recent meeting presented a slew of thought-provoking ideas. Improving the quality of urban governance was the top most agenda. Talks for identifying parameters that could be laid down for smart cities were also brought to the table.
“As part of ‘Real Insights’ into real estate, CommonFloor.com has come up with a detailed report on 10 Smart Cities to vouch for in 2015 – with in-depth analysis based on CommonFloor data.
For detailed report“ 
These included identifying the basics of infrastructure, quality of life, and citizen-centric services that are essential for cities of the 21st century. Further, cities should be identified as hubs of economic activity and focus on “waste to wealth” – i.e. – solid-waste management, and waste-water treatment being the core of development. It is believed that various infrastructure projects will now be expedited under the Modi government, which in turn will play a major role in boosting real estate growth in many cities across the country. For instance, mega infrastructure projects such as the Delhi-Mumbai Industrial Corridor (DMIC) is being expedited. Once completed, the growth of real estate at India’s hinterlands that will be connected via these corridors will be exponential. Ghaziabad, Bhiwadi, Ahmedabad, Indore and Nashik are few cities that will benefit tremendously with the DMIC Project. Similarly, metro projects in cities such as Jaipur, Lucknow and Kochi will also give a major fillip to the real estate growth. Vadodara and Vijaywada are two destinations where political activity is likely to push real estate growth. With the formation of the new state Seemandhara, Vijaywada is likely to gain momentum in real estate activity as it is announced as the new state capital.
