UK Investor to invest Rs 6,500 Cr in India’s 20 Promising Smart Cities

By Accommodation Times Bureau

MUMBAI:

Adhum Carter, British investor and partner at Eyas said, will be spearheading Eyas’s investment plan to back India’s Smart Cities Mission and capitalize on growth prospects with an investment of approximately Rs 6,500 crores in India’s 20 Promising Smart Cities.

Bhubaneswar, Pune, Jaipur, Surat, Kochi, Ahmedabad, Jabalpur, Visakhapatnam, Solapur, Davanagere, Indore, New Delhi Municipal Council, Coimbatore, Kakinada, Belagavi, Udaipur, Guwahati, Chennai, Ludhiana, and Bhopal were the winners of the first round of the Smart City Challenge competition 2016.

The government’s adept implementation of policies like GST and RERA have lent a lease of life to its ambitious Smart Cities Mission, which aims to establish hundred pro-citizen and self-governing urban dwellings that will be completed by 2020, out of which, the first 20 cities have already been completed. In valuation, projects worth Rs 50,221 crore are underway and projects worth Rs 9,981 crore are done.





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