Because the authorities prolonged the mission's implementation duration to June 2023, this year is critical for the growth of real estate in India. According to reports, the Centre allotted 88% cash for the project's development. The emphasis in these developments has been on infrastructure. The cities that are being built will feature sophisticated traffic management and infrastructure, as well as excellent security. This has enhanced the value of real estate in cities. Cities such as Agra, Varanasi, Lucknow, and Moradabad have seen significant growth followed by some Tier-IIIl cities which have shown great development in interconnectivity and facilities.

Waste management is another key goal in smart cities. Some infrastructure improvements have concentrated on separating sewage and drainage systems, as well as rubbish disposal. All of these initiatives are predicated on long-term growth. Furthermore, the government has cooperated with business entities to deploy the project and manage it when it is completed. An intriguing trend reveals that an increasing number of people are migrating to smart cities. They favour these cities' higher level of living. Tier 2 cities are also being transformed into smart cities. As a result, the real estate market will continue to advance in 2023, with investors and homeowners eager to invest in these locations.

Conclusion

In the approach of the Smart Cities Mission, the prime emphasis is on promoting areas that provide fundamental infrastructure and provide a sustainable, efficient standard of living to its residents. The focus is on inclusive and sustainable development," according to a statement issued by the Ministry of Urban Development. Most of the difficulties that urban India encounters can only be addressed and avoided in the future by good city planning, job development opportunities, and the provision of public utilities. Thus, the Government's Smart Cities Mission aspires to accomplish necessities including adequate water supply, electricity supply, sanitation, waste management, mobility, and public transport facilities, etc.

The Smart Cities project's overall goal is to make it easier for urban residents to meet their fundamental necessities. The project aims to develop 'Smart Solutions' to the problems that have been persistent in India over the years. Smart city development also provides job opportunities and thus helps in the growth of the economy. The more smart and sustainable cities rise up in India, the more powerful the real estate sector will become.

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