A smart city can be described as a city that uses current technology for its management and operations. In India, the Smart City mission started under the Ministry of Housing and Urban Affairs in 2015 and is designed to provide basic services and good quality of life through smart technologies. The Union Government provided funding of INR 2 lakh crore for the expedition, which was intended to reach a population of around 100 million. Any urban community that has adequate communication systems and Internet-based data collection equipment can be called a smart city.
The top 10 smart cities to invest in a plot of land in India are:
Ahmedabad
Ahmedabad is one of the 8 major metropolitan cities in India and is synonymous with cheap luxury and the increased presence of IT centers and companies. In addition, Ahmedabad has been recognized as a UNESCO World Heritage City, the first city to become a popular destination for both tourists and home buyers, due to the historical value of the city. Ahmedabad offers the best of both worlds, keeping in mind the elegance of the old city coupled with the contemporary atmosphere. Urban development includes historic homes and communities with "swimming pools", tall buildings, and modern skyscrapers. Sanand, Paramdham Society, Rancharda, Sanand-Nalsarovar Road, Vansajada Dhedia, Dholera Road, Nalsarovar, Bavla, Kolat, and Rethal are some of the top destinations for land investments.Expected infrastructure development:
- Dholera Special Investment Region (DSIR) is India's next central industrial hub.
- Development of the Ahmedabad-Dholera Expressway to promote real estate development in South Ahmedabad.
- GIFT, Gujarat International Finance Tec-City, is a central business district currently under construction between Ahmedabad and Gandhinagar that aims to provide global companies with infrastructure, world-class services, and the highest quality of life through integrated municipalities.
Bhubaneswar
Bhubaneswar is one of the fastest-growing IT centers in East India. Kalinga Nagar Industrial Zone and Paradip SEZ are among the driving factors affecting future property values. Chandaka Private Economic Information is also the main employment center recently developed by IDCO. The real estate market is well regulated because most of the accessible land is owned by the government. Sailashree Vihar, Neeladri Vihar, Chandrashekharpur, Patia, Prasanti Vihar, Pitapalli, Jatni, Kuha, Lingipur, Tamando, and Kalinga Nagar are some of the main areas that attract parcel buyers.Upcoming infrastructure development
- The six-lane construction of the NH5 of the Gold Quadruple project is aimed at alleviating traffic congestion.
- Proposed IDCO Agreement and Commercial Zone ("CTZ") in Bhubaneswar's JanataMaidan.
- The IT Incubator Center is being built on 2.39 acres of land at Infocity IT / ITES SEZ, Chandaka, Bhubaneswar.
Coimbatore:
Coimbatore, also known as the "Manchester of South India", is famous for its textile industries. As the second-largest city in Tamil Nadu, it has a strong social infrastructure, transportation infrastructure, and employment prospects. The city's activities transformed everything from textiles to education and other businesses. Even the information technology industry is making great strides in this city. These events have increased the potential for the development of the real estate market in Coimbatore. Avinashi Road, Trichy Road, Saravanampatty, Vadavalli, and other areas have increased real estate investment.Expected infrastructure development:
- The next project of the Mayilkal - Narasimhanaickenpalayam Western Ring Road.
- The Coimbatore Metro (Kovai), which has five lines, is a Mass Rapid Transit System (MRTS) proposed in Coimbatore by Chennai Metro Rail Limited (CMRL). Kaniyur - Ukkadam Bus Stand, Bilichi - Ukkadam Bus Stand, Karanapettai - Thannerpanthal, Ganeshapuram - Karunyanagar, and Vellalore - Ukkadam are among the suggested lines.
Hyderabad:
Hyderabad, the capital of Telangana, is a rising destination for information technology and commerce. The value of real estate increased on several factors, such as good access to transportation and connectivity to the city's business centers. Hyderabad is known to be an end-user-driven market and is undoubtedly one of the largest parcel investors in India. Depending on the budget and proximity to many employment centers, there are eight parcel corridors, the Hyderabad Airport corridor, the Hyderabad - Nagpur IT corridor, the Pharma city corridor, the space corridor, the financial district, and financial highway, the Warangal highway, the Genome Valley biotech corridor, and the Batanchero industrial pass.Upcoming infrastructure development
- The development of 135 link roads that cover a distance of 126 km reduces traffic congestion in the city.
- The Strategic Road Development Plan (SRDP) of the Comprehensive Road Maintenance Program (CRMP) seeks to develop a series of bridges, underpasses and railway bridges (ROB). By December 2021, four flyovers will be operational at Kundapur, Shekpet, Balanagar, Piramalgoda, and Uisi Junction.
Indore:
Indore is well known to educational institutions like IIM and IIT. It is one of the most famous cities in India and it is developing rapidly. The city has abundant land and prices are determined mainly by investor demand. Hatod, Super Corridor, Airport Road, MR10, Premium Park Colony, Scheme No. 136, Scheme No. 78, Ujjain Road, Sanwer Road, Shetal Nagar, Alok Nagar, Chawney, Anand Nagar, Balda, Khandwa Road, and Besholi Mardana are areas The main offer of land at different prices and sizes.Upcoming infrastructure development
One approved metro line between Palasia - Railway Station - Rajwara- Airport - Bhawarsala - MR10 - Palasia (Ring Line) with a length of 33.53 km. Four more subway lines are proposed between Sri Aurobindo Hospital - Collectorate Office - Indore Bypass 1, Sri Aurobindo Hospital - Collectorate Office - Regional Park (1B), Dewas Naka - Juni Indore - MHOW, and MR9 - Indore Train Station - Indore Bypass 4.Kochi:
Kochi is on the map of many IT startups and is the commercial center of Kerala. Initiatives such as the privatization of international airports and the improvement of seaports have highlighted the city's real estate potential. There are many major projects in Kochi that are in various stages of implementation. Growth corridors in various special economic zones, industrial zones, the Malabar Coastal Economic Zone (CEZ), the Port of Cochin, and IT parks offer many job opportunities. Thrikkakara, Kangarappady, Vazhakkala, Kakkanad, and Angamali are among the sought-after destinations to buy plots in Kochi.- Phase II of Kochi Metro from JLN to Infopark through Kakkanad was approved by the state and is awaiting central approval. Work is also proceeding on Phase 1B — from SN Junction to Tripunithura, and the extension is planned for commissioning by June 2022
- The Vallarpadam International Container Trans-shipment Terminal will make Kochi an Indian peninsula shipping hub, offering investment prospects.
Pune:
Pune, one of the largest IT centers in India, has been steering the demand for residential properties in Pune through IT advancements and enhancing connectivity and public transport. The most viable and popular places for investing in plots have been the localities near IT/ITeS Parks and industrial areas. Airport Road, Hadapsar, Kondhwa-Wanwadi, Paud Road, Baner, Dhayari-Narhe-Ambegaon BK, Wakad, Dhanori-Lohegaon, Pimple Saudagar, and Wagholi are among the top locations for plot development.Upcoming Infrastructure Development
- The upcoming metro line between Pimpri Chinchwad Municipal Corporation (PCMC) – Nigdi.
- The proposed metro line between Swargate – Katraj, Shivaji Nagar – Kadam Wakwasti, and Swargate – Pul Gate.
Nagpur:
Nagpur is the third-largest city in Maharashtra and its winter capital. The popularity of the city has increased due to its excellent social and infrastructure, as well as the rapid increase in job opportunities. Shapoorji Pallonji and L&T Infocity, two large construction companies, have announced plans to build IT parks in the 150-acre special economic zones. Shree Nagar, Abhay Nagar, Wardha, Butibori, Kaldongri, Gatadpanjari Road, Villa Hari are the prime locations for land buyers in Nagpur.Upcoming infrastructure development
- Kadbi Chowk to Golibar Chowk and Santra Market A new railway over the bridge (ROB) is being developed.
- The development of the Pachpaoli and Bhanekheda metro is being linked to alleviate traffic congestion and improve transportation facilities.
Lucknow:
Lucknow is one of the cities where the real estate sector has proliferated in the last decade. Lucknow already has an efficient metro system connecting the main intersections in the city. There are many neighborhoods in Lucknow that offer parcels of different sizes and price ranges. Kanpur Road, Amausi, Golden City, Shivaji Puram, Deva Road, Satrikh Road, Kishan Path, Sushanth Golf City, Sadrauna, Nilmatha, New Jail Road, and Raibareli Road are the main investment centers.Upcoming infrastructure development
- The proposed subway line is between Lucknow (Charbagh) railway station and Vasant Kunj, covering a distance of 11 km.
- Cloverleaf construction to connect the six-lane Kukrail Bridge and the upcoming four-lane Khurramnagar Bridge.
Visakhapatnam:
Vishakhapatnam, widely known as Vizag, is one of the largest ports in India. The city's appeal has grown as a result of its strong social and business infrastructure, as well as its rapidly expanding job prospects. Plots are available in different sizes and prices in districts like Madhurawada, Rushikonda, Duvvada, MVP Colony, Bhogapuram, Bheemili, etc. Gajuwaka, Pendurthi Road and Murli Nagar are also potential options in terms of affordability and smart city concept. The Visakhapatnam Urban Development Area (VMRDA) is Vishakhapatnam's approval authority for plots and layouts.Upcoming Infrastructure Development
- Visakhapatnam (Vizag) Light Metro has three approved subway lanes: Gajuwaka-Kommadi, Gurudwara Junction-Old Post Office, and Thatichetlapalem-Chinna Waltair.
- Four proposed industrial centers are supported by full infrastructure and a business-friendly environment along the Visakhapatnam Chennai Industrial Corridor.
- Within the framework of the Vizag Smart City initiative, a playground for children of all abilities is being developed.
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