1. Home
  2. Infrastructure Urban
  3. SMART CITIES
  4. Only 46% projects under Smart Cities Mission completed in six years
Only 46% projects under Smart Cities Mission completed in six years
SMART CITIES

Only 46% projects under Smart Cities Mission completed in six years

06 Aug 2021 2 Min Read CW Team
Six years post the launch of the Smart Cities Mission (SCM), under which 100 cities from across the country were shortlisted to be developed as smart cities by the centre, only 46% out of around 6,000 projects tendered, have been completed.

The 100 smart cities were supposed to be developed within the five years of the scheme's inception, which is between 2015 and 2020. The completed projects are not yet near the halfway mark one year after the deadline ended.

Out of the 6,017 projects tendered, only 2,781 have been completed until 9 July, 2021, as per the latest data provided by the Ministry of Housing and Urban Development. In other words, only 46% of projects have been completed, ever since the Centre launched the SCM on 25 June, 2015, out of the total tendered projects.

One hundred selected cities under the Smart City Mission were provided with assured electricity supply, adequate water supply, sanitation, including efficient urban mobility and public transport, solid waste management, and affordable housing, especially for the poor and robust IT connectivity and digitalisation.

The selection of 100 "Smart Cities" was completed from January 2016 to June 2018 through four selection rounds. According to the guidelines of Smart Cities Mission, the Centre must provide financial support to the Mission to the extent of Rs 48,000 crore over five years, which is Rs 100 crore on an average per city per year and an equal amount should be provided by the states or urban local bodies.

The government of India has released Rs 23,925.83 crore as the central share to the states, out of which these Smart Cities have utilised Rs 20,410.14 crore, which is around 85%.

Image Source

Also read: Smart Cities Mission: Projects in Visakhapatnam nears completion

Also read: Smart City Mission: Nine projects in Jaipur completed at Rs 142 cr

Also read: Thiruvananthapuram Smart City projects near completion

Six years post the launch of the Smart Cities Mission (SCM), under which 100 cities from across the country were shortlisted to be developed as smart cities by the centre, only 46% out of around 6,000 projects tendered, have been completed. The 100 smart cities were supposed to be developed within the five years of the scheme's inception, which is between 2015 and 2020. The completed projects are not yet near the halfway mark one year after the deadline ended. Out of the 6,017 projects tendered, only 2,781 have been completed until 9 July, 2021, as per the latest data provided by the Ministry of Housing and Urban Development. In other words, only 46% of projects have been completed, ever since the Centre launched the SCM on 25 June, 2015, out of the total tendered projects. One hundred selected cities under the Smart City Mission were provided with assured electricity supply, adequate water supply, sanitation, including efficient urban mobility and public transport, solid waste management, and affordable housing, especially for the poor and robust IT connectivity and digitalisation. The selection of 100 Smart Cities was completed from January 2016 to June 2018 through four selection rounds. According to the guidelines of Smart Cities Mission, the Centre must provide financial support to the Mission to the extent of Rs 48,000 crore over five years, which is Rs 100 crore on an average per city per year and an equal amount should be provided by the states or urban local bodies. The government of India has released Rs 23,925.83 crore as the central share to the states, out of which these Smart Cities have utilised Rs 20,410.14 crore, which is around 85%. Image Source Also read: Smart Cities Mission: Projects in Visakhapatnam nears completion Also read: Smart City Mission: Nine projects in Jaipur completed at Rs 142 cr Also read: Thiruvananthapuram Smart City projects near completion

Next Story
Real Estate
18 Nov 2024

Morgan Stanley, others acquires 6.8% stake in PNB Housing for Rs 16.64 Bn

Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 177 million, or 6.82% stake, of PNB Housing Finance through open market transactions worth Rs 16.64 billion. According to bulk deal data available on the National Stock Exchange (NSE), Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 142 million shares or a 5.4% stake in PNB Housing in two transactions. Ghisallo Master Fund bought 17.90 lakh shares of PNB Housing while Societe Generale acquired 17.09 lakh shares of the firm, as per the data. Meanwhile, global investment firm Carlyle..

Read More
Next Story
Real Estate
18 Nov 2024

Prestige Group acquires 22,135 sq m land in Mira Bhayandar

Prestige Estates Projects has acquired 22,135 sq m of land together with all rights within the jurisdiction of Mira Bhayandar Municipal Corporation, Mumbai. The acquired land will be planned for residential development spanning approximately one million sq ft of carpet area. The cost of acquisition is around Rs 2.91 billion. The company achieved a total sales of Rs 42.26 billion for Q2 FY25, bringing its first half of FY25 sales to Rs 70.52 billion. In terms of sales volumes, it recorded three million sq ft in Q2 with the half year, total reaching 5.87 million sq ft. It sold 1,356 units this q..

Read More
Next Story
Real Estate
18 Nov 2024

About 22 lakh draft documents uploaded, only 5,300 e-khatas issued

Confirming that the e-khata system is floundering, data from Bruhat Bengaluru Mahanagara Palike has revealed that while 22 lakh draft e-khatas are available online, only 5,324 - or, slightly over 0.2% - final e-khatas had been issued till Friday, though the system was launched with much fanfare in early Oct. This, despite the BBMP's e-khata website receiving 54 lakh visits and 6 lakh draft e-khatas being downloaded. The data revealed that only 30,000 people have applied for e-khata, reflecting the multiple problems they are facing while applying. Those with draft e-khatas are eligible to see..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Morgan Stanley, others acquires 6.8% stake in PNB Housing for Rs 16.64 Bn
Real Estate
18 Nov 2024

Morgan Stanley, others acquires 6.8% stake in PNB Housing for Rs 16.64 Bn

Prestige Group acquires 22,135 sq m land in Mira Bhayandar
Real Estate
18 Nov 2024

Prestige Group acquires 22,135 sq m land in Mira Bhayandar

About 22 lakh draft documents uploaded, only 5,300 e-khatas issued
Real Estate
18 Nov 2024

About 22 lakh draft documents uploaded, only 5,300 e-khatas issued

Mumbai Airport's total passenger traffic rises 4% in Oct
AVIATION & AIRPORTS
18 Nov 2024

Mumbai Airport's total passenger traffic rises 4% in Oct

Mumbai CSMT redevelopment: Ashwini Vaishnaw announces Rs 162.4 Bn
Real Estate
18 Nov 2024

Mumbai CSMT redevelopment: Ashwini Vaishnaw announces Rs 162.4 Bn

India looks to increased oil production from US and Canada
OIL & GAS
18 Nov 2024

India looks to increased oil production from US and Canada

SECI weighs criminal proceedings against Reliance Power
POWER & RENEWABLE ENERGY
18 Nov 2024

SECI weighs criminal proceedings against Reliance Power

Supreme court seeks details of delayed projects in NCR
Real Estate
18 Nov 2024

Supreme court seeks details of delayed projects in NCR

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000