Why is there a need for Smart Cities in India?

The Smart Cities would be needed to accommodate the massive urbanization that takes place in the country and thus find smarter ways to manage complexities, reduce expenses, increase efficiency, and ultimately improving the quality of life. Smart cities are going to create more jobs that can facilitate economic development leading to more investment in real estate. The real estate sector at present contributes about 7% to the Indian GDP, but with 100ing Smart Cities coming up, the Real Estate share is expected to reach 10-12% by 2030.