In line
with several other initiatives in making India take a major leap in the race of
development at a global level, the building of Smart Cities is definitely a
rational decision taken by the Indian government towards its execution. As a matter of fact, India is the seventh
largest country by area and as per the current statistics, we have also become one
of the fastest growing economies & are looked up as the newly
Industrialised country in the world. There is surely a huge potential for the
development of Smart Cities but the question is on how will this be strategized
and executed.
There
are a number of questions that arise with reference to the execution of this
plan as the residents of the cities in India have already been facing a number
of problems due to low maintenance and poor planning. The smart cities will not
only make life simpler and much more comfortable to its residents but also will
help us in efficiently utilizing our resources and give a next-level
infrastructure to our future generations. With the usage of information and
communication technologies to develop more organized public services, it is
also a big opportunity for the Real Estate sector as it is a very good
investment for the investors with a long-term vision.
One factor behind the
need for smart cities is the international call for action in response to changes
in the global and urban environments. There are problems like resource
depletion, urban issues, and other difficulties brought about by climate change
and increases in the size and concentration of population. Smart cities intended to boost long-term economic
growth and global competitiveness over the next 10 years and with a significant
share of investments coming from foreign governments and private sector inflows,
the dream will definitely become a reality.
The potential economic impact from the development
of India's smart cities will act as a significant catalyst for economic growth
through a number of drivers, including increased foreign direct investment
(FDI), accelerated development of Real Estate Investment Trusts (REITs),
increased competitiveness and job creation. Not only will investment into
sectors like roads, airports and smart cities create a better and a next level
infrastructure, but it will also generate private equity investment opportunities
into the core sectors. Though it a very challenging
concept especially in India because of the existing socio-economic conditions
but an effective leadership and an optimum utilization of the resources by the
players in each sector involved in this concept can deliver the smart
infrastructure. All individuals at every level starting from the investors to
the executors have to be actively involved in the multiple operational and the
infrastructural developments.
Urbanization in India has significant implications for the future
development of the country and the coming generations will exert tremendous
pressure on urban infrastructure and services. It is, therefore, imperative
that we find innovative solutions for the urban challenges of growth and
sustainability. Additionally, green growth strategies can build environmentally
sustainable cities.
Though the concept of smart cities is relatively new in India and it is
an ambitious plan to upgrade urban India but together we are well on the path
to creating them.The government has planned to set up the concept of
smart cities in Andhra Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal
Pradesh, Jharkhand, Karnataka, Kerala, Maharashtra, Manipur, Odisha, Punjab,
Rajasthan, Sikkim, Tamil Nadu, Pondicherry, Terengganu, UP, Uttrakhand and West
Bengal. We at RE/MAX India
are positive about the whole concept and are sure that with such concepts, the
projected development of India by 2020 will be achieved.
No comments:
Post a Comment