Lodha and IBM tied up to build smart city in Maharashtra

Q: Hi, Good news for Mumbai, Mumbai-based real estate developer Lodha Group and global IT major IBM have tied up for making smart city in Maharashtra.

Diwakar Shetty,

12th June 2014

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Replies (4)

To get the reasonable result, govt. should support those cities or state first. "Jyada Khakar Bimar Hone se Achcha Hai ki Kum Khakar Healthy Rahe".........

Government grants will be leveraged to attract funding from internal and external sources but unless there is a possible business model or guarantee from the centre, this would not be easy.

Also, the track record of Public Private Partnership (PPP) projects is at best mixed and when there would be multiple parties associated like the center, states, local bodies and private entities, the task would be even more challenging.

Vibhu, Lucknow

15th September 2015

Comment

Hi folks!!!!
We all know that the government has recently identified 98 cities for the Smart City Project. And fund for 20 cities have been distributed. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.

Praveen Modi, Mumbai

15th September 2015

Comment

Hi Praveen!!!!
But i think that it would be better if the Govt's focus on smaller number of cities first and then developing them as model for others going forward.

Under the mission, it will be operated as a centrally sponsored scheme and the center will give financial support to the limit of Rs 48000 crore over 5 yrs, which is on an average Rs 1000 crore per city per year. And an equal amount, on a matching basis, will have to be contributed by the state and urban local bodies.

Neeraj Rao,

15th September 2015

It's a good thought Neeraj, if implement ......."Thoda Khaye But Achcha Khaye" .....Govt. should think over this policy first....

If we look at the list of cities which have been selected as smart city, many of them would already have annual municipal budgets running into multiple times of this figure. On the other hand, there are few states which have shown doubt for implementing the scheme and if there is not enough support from them in terms of funding and administrative help, it would be difficult to take this scheme to its reasonable result.

Praveen Modi, Mumbai

15th September 2015

Hi Diwaker. You are right. Lodha Group is developing India's first smart city which is named as 'Palava' which is located near to Dombivali. It is a 4000 acres project. They have also even came up with the new pre-launch offer called Lodha Golflinks Codename 9 Iron starting at Rs. 6840/- psf. The pre-launch will end on 26th Jan. If you are interested, you can visit: www.lodha-palava.com or call on 022-69969696.

Shiv Ashish, Thane

16th January 2015

Comment

Yes, they have tied up to build smart city infrastructure for Palava, a greenfield city development project of the realty developer, located to the north of Mumbai Metropolitan Region, at the junction of Navi Mumbai and Dombivali.

Ravindra Singh,

12th June 2014

Comment

Hi Ravindra,
Do you know that how much both are investing for this project? Is there any area specific for both in this project?

Lekshmi,

12th June 2014

Hi Lekshmi,
The Lodha Group plans to spend Rs 400 crore in adopting smart city initiatives in Palava over the next 10 years. They have already tied up with another diversified technology major General Electric to treat waste water for re-use and for landscaping, flushing etc in the new planned city.

Ravindra Singh,

12th June 2014

@Ravindra,
But it is heard that the IBM’s involvement in Palava will be in public safety arena. Is it true?

Lekshmi,

12th June 2014

@Lekshmi,
Yes, you are right to begin with, the scope of IBM’s involvement in Palava will be in public safety arena. IBM will be defining and setting up technology enabled procedures like an integrated command centre to monitor end-to-end operations of the city.

Ravindra Singh,

12th June 2014

@Lekshmi,
In terms of physical infrastructure, it will involve building security system for citizens through smart cards and security cameras. Special services similar to the 311 & 911 facilities abroad have also been incorporated into Palava’s infrastructure.

Ravindra Singh,

12th June 2014