The Government of India recently announced the establishment of 12 new smart cities across India. Driven by the National Industrial Corridor Development Programme (NICDP), these smart cities are being planned keeping industrial growth in mind, and thus real estate stakeholders are pinning their hopes on prime greenfield land parcels.
Furthermore, since these cities are going to be smart cities, creating a smooth amalgamation of advanced technologies such as IoT, AI and smart grids and buildings and infrastructure will be a task as it will require high-level expertise and heavy capital investment. “Collaborating with tech companies and investing in training programme for local workers can facilitate smoother integration of these advanced technologies in buildings and infrastructure.
