Top 10 smart cities to invest in plots

Here are India’s top ten smart cities to invest in plots. Smart City Mission has received 2 lakh crore funding from the Union Government and is set to change the face of these cities.

Published: Oct 26, 2021, 17:47 IST By: Rikitha K Murthy

Table of Contents

Ahmedabad

Bhubaneswar

Coimbatore

Hyderabad

Indore

Kochi

Pune

Nagpur

Lucknow

Visakhapatnam

A smart city can be described as a city using current technology for its management and operations. In India, the Smart City Mission under the Ministry of Housing and Urban affairs began in 2015, and was designed to provide basic facilities and good quality of life through smart technologies. The Union Government gave INR 2 lakh crore funding to the mission, which was intended to reach out to a population of around 100 million.

Any urban community incorporating appropriate communication systems and Internet-driven data collection equipment might be labelled as Smart City.

Top 10 smart cities to invest in a plot in India are:

Ahmedabad

Ahmedabad is one of India's Top 8 Metro cities and is synonymous with inexpensive luxury and an increasing IT and enterprise hubs footprint. In addition, Ahmedabad has been recognized as a UNESCO world heritage city, the first to become a popular destination for both tourists and home purchasers, given the town's historical value. Ahmedabad offers the best of both worlds, taking on the elegance of the old city added to the contemporary atmosphere. The urban development includes historical "Pol" communities and homes, and new-age high-rise buildings and skyscrapers.

Sanand, Paramdham Society, Rancharda, Sanand-Nalsarovar Road, Vansajada Dhedia, Dholera Road, Nalsarovar, Bavla, Kolat, and Rethal are some of the prime destinations for plot investments.

Upcoming Infrastructure Development:

Dholera Special Investment Region (DSIR) is the central upcoming industrial hub of India.
Development of Ahmedabad-Dholera Expressway to boost real estate development in South Ahmedabad.
The GIFT, the Gujarat International Finance Tec-City, is a central business district currently under construction between Ahmedabad and Gandhinagar that claims to provide global companies with world-class infrastructure, services, and the highest quality of life through integrated townships.

Bhubaneswar

Bhubaneswar is one of the most rapidly rising IT centres in the east of India. The Kalinga Nagar Industrial area and Paradip SEZ are among the drivers influencing future real estate values. Infocity SEZ at Chandaka is also the prime employment hub recently developed by IDCO. The property market is well regulated as most of the accessible land is government-owned.

Sailashree Vihar, Neeladri Vihar, Chandrashekharpur, Patia, Prasanti Vihar, Pitapalli, Jatni, Kuha, Lingipur, Tamando, and Kalinga Nagar are some of the prime localities attracting plot buyers.

Upcoming Infrastructure Development

The Golden Quadrilateral Project's six-lane NH5 construction is intended to facilitate traffic congestion.
IDCO's proposed Convention and Trade Zone (“CTZ”) at Bhubaneswar's JanataMaidan.
An IT Incubation Centre is being built on 2.39 acres of land in the Infocity IT/ITES SEZ, Chandaka, Bhubaneswar.

Coimbatore

Coimbatore, also known as the "Manchester of South India," it is renowned for its textile and spinning industries. As the second-largest city in Tamil Nadu, it has a robust social infrastructure, transit infrastructure, and employment prospects. The city's activities have transformed everything from textiles to education and other businesses. Even the IT industry is making strides in this city. These events have increased the potential for the development of the Coimbatore real estate market.

Avinashi Road, Trichy Road, Saravanampatty, Vadavalli, and other areas have increased real estate investment.

Upcoming Infrastructure Development:

The upcoming Mayilkal - Narasimhanaickenpalayam western ring road project.
The Coimbatore (Kovai) Metro, which has five lines, is a proposed mass rapid transit system (MRTS) in Coimbatore by the Chennai Metro Rail Ltd. (CMRL).
Kaniyur - Ukkadam bus stand, Bilichi - Ukkadam bus stand, Karanapettai - Thannerpanthal, Ganeshapuram – Karunyanagar, and Vellalore – Ukkadam are among the proposed lines.

Hyderabad

Hyderabad, the capital city of Telangana, is a rising destination for IT and commerce. The genuine worth of real estate has increased in factors, such as good transport access and connectivity to the city's business hubs. Recognized to have a market-driven by end-users, Hyderabad is undoubtedly one of India's greatest plot investors.

Based on budget and proximity to various employment hubs, there are eight plot corridors viz., Hyderabad Airport Corridor, Hyderabad - Nagpur IT Corridor, Pharma City Corridor, Aerospace Corridor, CBD and Financial Corridor, Warangal Highway Corridor, Genome Valley Biotech Corridor, and Patancheru Industrial Corridor.

Upcoming Infrastructure Development

Development of 135 link roads covering a distance of 126 km to ease the traffic in the city.
The Strategic Road Development Plan (SRDP) under the Comprehensive Road Maintenance Programme (CRMP) seeks to develop a series of the flyover, underpasses, and Rail Over Bridges (ROBs). By Dec 2021, four flyovers in Kondapur, Shaikpet, Balanagar, Bairamalguda, and Owaisi Junction will be operational.

Indore

Indore is known for educational institutions such as IIM and IIT. It is one of India's most well-known cities, and it is rapidly developing. The city has abundant land, and prices are primarily determined by investor demand.

Hatod, Super Corridor, Airport Road, MR 10, Premium Park Colony, Scheme No 136, Scheme No 78, Ujjain Road, Sanwer Road, Sheetal Nagar, Alok Nagar, Chhawni, Anand Nagar, Palda, Khandwa Road, and Bicholi Mardana are some of the major localities offering plots at different price ranges and sizes.

Upcoming Infrastructure Development

One approved metro line between Palasia – Railway Station – Rajwara- Airport – Bhawarsala – MR10 – Palasia (Ring Line) of 33.53 km length.
Four more metro lines are proposed between Sri Aurobindo Hospital – Collectorate office – Indore Bypass 1, Sri Aurobindo Hospital – Collectorate office – Regional Park (1B), Dewas Naka – Juni Indore – MHOW, and MR9 – Indore Railway Station – Indore Bypass 4.

Kochi

Kochi is on the map of many new IT firms and is Kerala's business hub. Initiatives such as international airport privatization and seaport improvement have shone the city's real estate potential. There are many critical projects in Kochi which are at various stages of implementation. Growth corridors of various SEZ, Industrial areas, Malabar Coastal Economic Zone (CEZ), Cochin Port and IT Parks provide numerous employment opportunities.

Thrikkakara, Kangarappady, Vazhakkala, Kakkanad, and Angamali are among the sought after destinations to buy plots in Kochi.

Upcoming Infrastructure Development

Phase II of Kochi Metro from JLN to Infopark through Kakkanad was approved by the state and is awaiting central approval. Work is also proceeding on Phase 1B — from SN Junction to Tripunithura, and the extension is planned for commissioning by June 2022
The Vallarpadam International Container Trans-shipment Terminal will make Kochi an Indian peninsula shipping hub, offering investment prospects.

Pune

Pune, one of the largest IT centres in India, has been steering the demand for residential properties in Pune through IT advancements and enhancing connectivity and public transport. The most viable and popular places for investing in plots have been the localities near IT/ITeS Parks and industrial areas.

Airport Road, Hadapsar, Kondhwa-Wanwadi, Paud Road, Baner, Dhayari-Narhe-Ambegaon BK, Wakad, Dhanori-Lohegaon, Pimple Saudagar and Wagholi are among the top locations for plot development.

Upcoming Infrastructure Development

The upcoming metro line between Pimpri Chinchwad Municipal Corporation (PCMC) – Nigdi.
The proposed metro line between Swargate – Katraj, Shivaji Nagar – Kadam Wakwasti, and Swargate – Pul Gate.

Also Read: Property Tax in Pune

Nagpur

Nagpur is Maharashtra's third-largest city and its winter capital. The city's popularity has increased due to its excellent social and retail infrastructure, as well as its rapidly rising employment opportunities. Shapoorji Pallonji and L&T Infocity, two big construction companies, announced plans to establish IT parks in the SEZ region covering 150 acres.

Shree Nagar, Abhay Nagar, Wardha, Butibori, Kaldongri, and Gatadpanjari Vela Hari Road are the major localities for plot buyers in Nagpur.

Upcoming Infrastructure Development

Kadbi Chowk to Golibar Chowk and Santra Market new railway overbridge (ROB) is under development.
Subway development from Pachpaoli and Bhanekheda is being connected to relieve traffic congestion and improve transportation facilities.

Lucknow

Lucknow is one of the towns where the real estate sector has exploded in the last decade. Lucknow already has a functioning metro system that connects the city's major intersections. There are several neighbourhoods in Lucknow that offer plots of various sizes and price bracket.

Kanpur Road, Amausi, Golden City, Shivaji Puram, Deva Road, Satrikh Road, Kishan Path, Sushanth Golf City, Sadrauna, Nilmatha, New Jail Road, and Raibareli Road are regarded as the key plot investment hubs.

Upcoming Infrastructure Development

The proposed metro line between Lucknow Railway Station (Charbagh) –to Vasant Kunj, covering a distance of 11 km.
Construction of Cloverleaf to connect the six-lane Kukrail flyover and the upcoming four-lane Khurramnagar flyover.

Visakhapatnam

Vishakhapatnam, widely known as Vizag, is one of India's largest ports. The city's attractiveness has grown as a result of its robust social and retail infrastructure, as well as its fast-expanding employment prospects.

Plots are available in various sizes and prices in localities like Madhurawada, Rushikonda, Duvvada, MVP Colony, Bhogapuram, Bheemili, etc. Gajuwaka, Pendurthi Road and Murli Nagar are also potential options in terms of affordability and smart city concept. The Visakhapatnam Urban Development Area (VMRDA) is Vishakhapatnam's approval authority for plots and layouts.

Upcoming Infrastructure Development

Visakhapatnam (Vizag) Light Metro has three approved metro lanes: Gajuwaka-Kommadi, Gurudwara Junction-Old Post Office, and Thatichetlapalem-Chinna Waltair.
Four proposed industrial hubs with full infrastructure support and a business-friendly environment along the Visakhapatnam-Chennai Industrial Corridor.
Under the Vizag smart city initiative, a park for children of all abilities is being developed.

How can you benefit from a smart city.

The above are the top ten smart cities of India that are worth investing in for future gains.

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Frequently asked questions

Which are the best smart cities for real estate investment in India?

Ahmedabad,Bhubaneswar,Coimbatore,Hyderabad,Indore,Kochi,Pune,Nagpur,Lucknow,Visakhapatnam are some of the best smart cities to invest in real estate in India.
Which companies are investing in smart cities?

The 4 most active investors in the smart cities space since 2015 are US-based SOSV, GGV Capital, Sequoia Capital China, and China-based Tencent Holdings.
What is a smart city

A smart city uses information and communication technology (ICT) to improve operational efficiency, share information with the public and provide a better quality of government service.
Who is No 1 smart city in India?

In the latest ranking, Indore is the No 1 smart city of India.
Is Kolkata a smart city

Yes Kolkata is a smart city.