Under the Smart City mission, Shimoga has about 74 projects worth Rs 11.84 billion, which are under various stages of project preparation or execution or tendering, says Charulata Somal, Managing Director, Shivamogga Smart City Corporation, and Commissioner, Shimoga City Corporation.
Almost three years after the announcement of the government's ambitious Smart City mission, only around 5 per cent of the total projects have been completed along with a mere 1.4 per cent of the investment amounted to Rs 135,958 crore.
It is well-established fact that urbanisation is by far the biggest trigger for India’s real estate growth story. However, there is a darker flip side – urbanisation has resulted in massive strain on the leading cities of India, which are struggling to cope with ever-rising population and density.
The budget reaffirms continued focus on Infrastructure and programmes such as Smart City mission, AMRUT, NMCG, the Regional Connectivity Scheme (UDAAN) etc. as can be seen by increased outlay by 20% from the previous year. The key takeaway form this budget is the thrust on social and rural infrastructure including health, education, housing, agri-value chain and penetration of digital infrastructure.