One thing needed to build Smart Cities – EXECUTION is the key

Mar 19, 2017by Realty Decoded

India is rapidly evolving and technology is changing at a fast pace. It is expected that by the year 2050, 70% of global population will be living in cities and thus there comes the concept of smart cities. The Indian Government’s Smart City program is a missionary and an ambitious one.

India has become the one of the top market for global manufacturers and service providers. The growing population the country is steadily shifting to top tier cities of the country which is contributing to nearly 80% of economic growth.

In search of better livelihood, people are migrating to major Indian cities and about 843 million people are expected to live in urban areas by 2050. This calls for the need to find smarter ways to manage complexities, increase efficiency and improve the quality of life. Prime Minister Shri Narendra Modi’s vision of  “Digital India” is an ambitious plan to build 100 smart cities across the country.

Moreover, adding to the statements, one thing that is important to smart cities is standardization which means setting defined and measurable standards for green transportation, clean green energy and citizen safety.

These services at a good level are required across a wide range for smart cities. Smart cities are expected to provide citizens a better life and more efficient services.

So what are the things needed to have world-class smart cities in India?

A Strong Institutional Mechanism

A strong institutional mechanism will drive all the efforts of multiple companies that are often working on their own without any comprehensive vision of what they are creating really.  

Smart Buildings

By 2020, India is expected to emerge as the world’s 3rd largest construction market by adding 11.5 million homes every year. The concept of developing smart Buildings will save up to 30% of water usage, 40% of energy usage and reduction of building maintenance costs by 10 to 30%.

Smart Health Hospitals

There should be recognizable efforts to develop health budget for smart health hospitals providing a special focus on improving affordable health care for all citizens. There is a plan to establish 6 new AIIMS like institutes and 12 government medical colleges in the country that would be accessible, affordable and provide effective medical support to a large number of citizens.

Private Sector Participation

For such smart cities, there is a requirement of sustained investment in high-value projects. The existing infrastructure and facilities are not quite adequate and some investments may be required to set up facilities from the grassroots. It is not fair to expect all the investment from the government, thus the participation of private sector is important for investment in the project.

Smart Education

The smart cities should meet smart education. To meet services and industry requirements,  the Ministry of Human Resource Development need to look at Private Universities for producing trained manpower.

The vision of smart cities is forward thinking and a rational project  in this fast developing Indian economy and its implementation is of key importance for the country to keep up with the global standards. The execution of the plan will make India take a major leap in the race of development.