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Mega Urbanization Drive: Govt. Approves Rs 48k Cr for 100 Smart Cities!

Mega Urbanization Drive: Govt. Approves Rs 48k Cr for 100 Smart Cities!

by The Daily Eye Team May 4 2015, 2:55 pm Estimated Reading Time: 0 mins, 39 secs

In one of the biggest ever push for creating a world class urban structure in India, the cabinet has approved a mega urbanization drive which involves total budget of Rs 1 lakh crore. Rs 48,000 crore has been allocated to create 100 smart cities across India, while Rs 50,000 crore has been set aside to renovate, rejuvenate 500 Tier 2 and Tier 3 cities all over India. Urban planners and developers are stating that Independent India has never witnessed such a huge scale of infrastructure development vision ever. Mission Smart Cities Rs 48,000 crore would be spent to create 100 smart cities across the country. In order to derive maximum results, and to ensure that all smart cities are world class, a special ‘City Challenge Competition’ would be initiated.

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