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“Its a good initiative by the government. Satellite towns around these smart cities will be good opportunity for the real estate development especially affordable housing,” CREDAI President Getamber Anand said.Welcoming this step, CBRE South Asia Chairman MD Anshuman Magazine said: “While this initiative will involve large scale retrofitting as well as redevelopment; these cities could become showcases of urban infrastructure development, encouraging others to follow suit.”Cushman Wakefield MD Sanjay Dutt said the Smart City initiative would further boost the affordable housing, which is already a priority for the government. The Smart City initiative would be a game changer in raising the standard of infrastructure in the cities in the country, said Shubhranshu Pani, MD Infrastructure Services, JLL India.”Adequate attention is paid to sustainability, infrastructure and improving the life of inhabitants,” he said, adding that JLL has supported two of the cities which have been shortlisted in the first list namely Bhubaneshwar and Chennai.CREDAI Western UP Vice President Amit Modi said the smart city would greatly enhance the much needed infrastructure requirement of these cities.

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