With time, there is growth and for bigger cities, the growth percentage would be more. Development is always a positive thing, yet at times, finance could be a concern. This is what is happening currently with Bangalore, as the authorities are in doubt about generating the requirement of a whopping 80,000 crores in the next five years. The amount is solely for infrastructural developments including road development, drainage works and other works.
It is expected that every city would grow by twenty percent on an average, therefore, in Bangalore, such a growth which is a certainly would lead to a population of 204 lakh. Currently, the IT city is home to about 95 lakhs people.
And, the government can’t go beyond an investment of 20,000 crores. There has been an increase in private investment but certain constraints specifically, those regarding policies deter authorities from spending the money in an effective way.
And, realty is not just the one, there are several sectors requiring urgent investment. It is equally important for authorities to allow funding in these sectors as well. Therefore, generating this much amount solely for realty sector is not an easy task.
This is where the smart city council, an initiative by Dr. A Raveendra, CSD (Center For Sustainable Development) Chairman becomes imperative. The councils were started as an effort to speed up smart city innovation and overall development.
The council has members in the form of corporate leads and leading businessmen in various sectors.
In a nutshell, the government and all related organizations have a tough task ahead in the coming years.
It is expected that every city would grow by twenty percent on an average, therefore, in Bangalore, such a growth which is a certainly would lead to a population of 204 lakh. Currently, the IT city is home to about 95 lakhs people.
And, the government can’t go beyond an investment of 20,000 crores. There has been an increase in private investment but certain constraints specifically, those regarding policies deter authorities from spending the money in an effective way.
And, realty is not just the one, there are several sectors requiring urgent investment. It is equally important for authorities to allow funding in these sectors as well. Therefore, generating this much amount solely for realty sector is not an easy task.
This is where the smart city council, an initiative by Dr. A Raveendra, CSD (Center For Sustainable Development) Chairman becomes imperative. The councils were started as an effort to speed up smart city innovation and overall development.
The council has members in the form of corporate leads and leading businessmen in various sectors.
In a nutshell, the government and all related organizations have a tough task ahead in the coming years.
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