Now, Centre considers an extension of the Smart Cities Mission

02 Jul 2024 CW Team

The Union Housing and Urban Affairs Ministry, with days to go till the Mission deadline of 30 June, is considering extending the Smart Cities Mission to allow the cities to complete the ongoing projects, which account for around 10 percent of the total projects.

Launched in 2015, the Smart Cities Mission covers 100 cities that were selected through various rounds of competitions held from January 2016 to June 2018. The selected cities had five years from their selection to complete the proposed projects, meaning the original deadlines were from 2021 to 2023.

After the pandemic broke out, the deadline for all 100 cities was fixed to June 2023 in 2021. In May last year, the Ministry again extended the deadline this time to 30 June 2024.

Recently, around 10 percent of the projects worth around Rs.150 billion were pending. An extension for those cities that still need to complete their projects beyond June 30 was being considered.

The Ministry’s Smart Cities Mission dashboard showed that out of a total of 7,996 projects worth Rs.1.64 trillion, 7,118 projects worth Rs.1.43 trillion had been completed as on June 7 while 878 projects worth Rs.211.89 billion were still ongoing as of June 7.

It could take the cities around six months more to complete the ongoing works. Earlier this year, the Parliamentary Standing Committee on Housing and Urban Affairs’ report said that the ministry has said before the committee that in case of project noncompletion within the extended time frame, the concerned state governments will have to complete the projects at their own cost

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..