INDIA
The 100 smart cities project, which defines the grand ambition of the Narendra Modi government may not fully come to fruition but about 10 projects are likely to start during the tenure of this government. The target is to have 30 cities in 15 years.
The project itself is conceived as a bypass to cut through the morbid mess that cities like Mumbai have become. The finance ministry has earmarked Rs7,000 crore for smart city projects this fiscal.
To ensure that every states gets a share, the ministry will pick up sub cities inside the state capitals to develop into smarter models. Besides state capitals, cities that have a religious pilgrimage circuits including Shirdi, Varanasi, Amritsar, Allahabad and Tirupati will also be given the smarter design. Some of the industrial towns will also be included in the smart city project. While all the states have been lobbying to get a bigger scoop of cities for themselves, the ministry has received a concrete proposal from the West Bengal government to create New Kolkata as a smart project.
Kochi smart city being developed by Smart City Dubai in partnership with the government of Kerala is slated to be the first operational smart city in the country and the Dubai company is likely to develop another smart city in Madhya Pradesh after chief minister Shivraj Singh Chouhan met top officials of the company in Dubai on Friday.
"The smart city model has to be self sustainable with civic infrastructure. The city will also have its own IT network linking every resident of the city," said a senior officer of the urban development ministry. Aspects of energy management, water management, transport and traffic, safety and security and solid waste management will be covered. The smart cities will have its own health care facility with education hub and community service centres.
Not all cities will be new cities. Several old cities will be brought into the smart circuit. In the case of bigger cities like Delhi, Mumbai or Bhopal, sub cities in a radius of 15km will be developed into smart cities.
The ministry of urban development is yet to finalise the design and definition of a smart city, but at level 1, Gujarat's GIFT looks like the ideal Indian smart model. The GIFT city of Gujarat was conceptualised by Narendra Modi during his tenure as chief minister. The greenfield project is being constructed on 500 acres of land between Ahmedabad and Gandhinagar in Gujarat. Divided into three phases, the city will have a global IT hub, a Special Economic Zone and a residential township.
IL&FS has invested close to Rs900 crore so far in GIFT City, according to RK Jha, the CEO & MD of GIFT City. He also said that the remaining Rs600 crore were raised by GIFT through internal accruals and debt.
"We have sold some 10 million sqft space in GIFT City project so far. The funds received are being invested in the project," he said.
"We have plans to develop 62 million sqft of built up area in GIFT City in three phases by 2023. We were targeting 10-12 million sqft in the first phase of the project, which we have already achieved. The second phase of the project will commence in March next year," Ramakant Jha, CEO & MD of GIFT City Limited, the project developer, told dna.
The project aims to create 1 million direct and indirect jobs on completion in 2023. GIFT City Limited is a equal joint venture between Gujarat government and IL&FS. Jha said that they have invested Rs1,500 crore in the project so far.
"The total investment will be to the tune of Rs50,000 crore, which includes Rs10,000 crore in infrastructure development and Rs30,000 crore in construction of buildings," he said.
On completion, GIFT City will be home to 120 buildings, which will be 70 metre to 250 metre tall. The project will be spread over 886 acre land."We also propose to have one building, which will be 400 metre high, but that will be in the third and final phase. Earlier, central financial institutions were not keen to take up space in GIFT City for political reasons. Now, that will not be the case," he said.
Israel PM Netanyahu fires Defence Minister Yoav Gallant over 'lack of trust'
Swiggy IPO opens today, aims to garner Rs 11327 crore: Check price band, lot size and more
Raftaar breaks silence on his feud with Honey Singh: 'Aapas mein toh kuch bhi ho sakta hai but...'
DNA TV Show: How US Presidential election results may impact the world
Sharda Sinha dies at 72: Who are there in her family?
Who was Sharda Sinha aka Bihar Kokila, famous for Chhath and Maine Pyar Kiya songs?
Bihar Kokila Sharda Sinha passes away in AIIMS, son Anshuman confirms news
Parliament's winter session to begin from Nov 25, to continue till Dec 20
IPL 2025 mega auction dates announced: Check no. of players, venue, where to watch and more
Amid divorce rumours with Abhishek Bachchan, Aishwarya Rai’s ‘1 million dollars’ comment goes viral
Deepinder Goyal reveals customers' reaction to wife Grecia Munoz delivering Zomato orders
Infosys founder Narayana Murthy flirts with Sudha Murty in viral video from Kapil Sharma show
Ajay Devgn's fans don't want Singham Again to become a blockbuster: 'Rohit Shetty jab tak hai...'
Types, Most Popular and Where to Buy Peptides for Bodybuilding
Luxury in the City of Light: SABO Boutique Hotel Brings Elegance to Varanasi’s Sacred Ghats
Virat Kohli, Babar Azam could play for same team as Afro-Asia Cup set for revival
Shaping the Future of Web Apps: Full Stack Developer’s Expertise in API Design and Cloud Deployment
The Role of Artificial Intelligence in Enhancing Software Performance and Security
Mastering Linux for Superior Sound
Amid divorce rumours of Abhishek Bachchan and Aishwarya Rai, Aaradhya praises mother in viral video
AI in Data Warehousing: Future Trends and Innovations
Mukesh Ambani's Reliance Jio IPO worth Rs 840960 crore in 2025: All you need to know
After India's 0-3 loss against New Zealand, Shah Rukh Khan calls Gautam Gambhir...
BIG revelation on Imane Khelif, Olympic gold medallist boxer's medical repot leaked, it confirms…
Meet man who built Rs 152000 crore company, donated Rs 100 crore, now set to lead US firm as...
Visa Uncertainty: Impact of US polls on global talent
Virat Kohli turns 36: IPL franchises send heartwarming birthday wishes to legendary India cricketer
Meet Sanjay Verma, the new DGP of Maharashtra who replaced Rashmi Shukla
Virat Kohli birthday: Anushka Sharma shares first photo of son Akaay and daughter Vamika
CAT 2024 admit card to be out today at iimcat.ac.in; know release time, steps to download
Vikas Divyakirti UPSC Tips: Check strategy to crack IAS exam, aspirants should study for...
Video of Pakistani man putting hand into chained tiger's mouth goes viral, social media reacts
Shalini Passi reveals her husband's connection to Shah Rukh Khan's wife Gauri Khan, they were..
SC upholds validity of UP madrassa law, says it does not violate principle of secularism
US Presidential Elections 2024: What time do the polls close; when will the results be known?
Elon Musk shares controversial post on X amid US election results, video goes viral
Mukesh Ambani's company earned Rs 15393 crore last week, his net worth now stands at...
Chhath Puja 2024: Know about Kharna, Sandhya Arghya, Usha Arghya, date, timings and puja vidhi
Virat Kohli Birthday: Legendary batter turns 36, here's a look at his incredible milestones
When Ratan Tata met his first true love after 50 years, went for dinner together, know who she was
Samantha Ruth Prabhu hits back at trolls who body-shamed her: 'If you guys...'
Two fall prey to Narayana Murthy and Mukesh Ambani's deepfake videos, lose Rs 80 lakh: Report
North Korea fires multiple ballistic missiles toward sea ahead of US election
Deepika Padukone romances Hrithik Roshan in Bikini, looks sizzling hot in UNSEEN viral video
Chhath Puja 2024: Top 50 wishes, What'sApp messages, quotes to share with your loved ones
Meet Caroline Emmons, Ratan Tata's 'first love' with whom he couldn't marry due to...
Who is Rohan Jaitley, frontrunner to replace Jay Shah as BCCI secretary?
World’s most expensive human tooth is valued over Rs 3000000, it belonged to…
Viral video: Little girl’s adorable dance to Lisa Haydon’s 'Manali Trance' impresses internet, watch
SC to deliver its verdict on pleas against Allahabad HC order scrapping UP madrasa law today
DNA TV Show: Why Election Commission changed Assembly by-elections' dates
Days after imposing fine on Anil Ambani, Sebi now issues Rs 130 crore demand notices to...