1.
Property demand
influx with the
announcement of
SMART CITIES

2.
This case study is in continuation with the
previous analysis where we evaluated the
impact of Smart City announcement of
first 10 cities. This document carries the
other 9 cities which comes under the
smart city plan.

3.
The NDA, right after it formed government in
the center, proposed its plan to develop
housing for all by the year 2022. In this line
they realized the need to remodel existing
urban clusters and develop new urban areas
with advanced features to tackle the
population immigration. This need gave birth
to the concept of Smart Cities.
Rounds of talks and conferences were held to
discuss feasibility of Smart Cities in India.
After analyzing all the prospects, the
Government of India formally announced
Smart City Mission in the month of June
2015. It proposed that altogether 100 cities
to be selected and developed as Smart Cities.
It also proposed criteria for selection and
invited state governments to come up with
list of cities for the same.

4.
Aug 27, 2015 :
A list of 98 cities
announced by the
Ministry of Urban
Development
June 25, 2015:
Government
announced the
Smart Cities
Mission
June 25, 2015:
Government
proposed criteria for
selection and invited
lists of cities from
respective state
government
Jan 28, 2016:
Government
announced names
of 20 cities
shortlisted
for the 1st phase
May 25, 2016:
Government
announced list
of 13 cities for the
2nd phase
June 25, 2016:
Work in 20 selected
cities in 1st phase started
to celebrate anniversary
of Smart Cities Mission
Smart City Mission Dateline
First Phase:
Bhubaneswar, Pune, Jaipur, Surat, Kochi, Ahmedabad,
Jabalpur, Visakhapatnam, Solapur, Davangere, Indore,
NDMC, Coimbatore, Kakinada, Belagavi, Udaipur,
Guwahati, Chennai, Ludhiana and Bhopal
Second Phase:
Lucknow, Warangal, Dharamshala,
Chandigarh, Raipur, New Town-Kolkata,
Bhagalpur, Panaji, Port Blair, Imphal,
Ranchi, Agartala and Faridabad

5.
Overall Buzz around
SMART CITY
1. The topic is active since year 2014 which picked up in June 2015. Since then the
overall conversation volume around smart city is quite high
2. August 2015 has seen the maximum peak with over 4 lakh mentions
3. It again picked up in January 2016
4. A consistency during 2015 and 2016 with an average search of around 2 lakh
mentions per month can be seen

6.
IMPACT ANALYSIS ON
PROPERTY DEMAND
POST ANNOUNCEMENT
OF SMART CITY MISSION
IN SERIES FROM THE LAST CASE STUDY
NDMC, Coimbatore,
Kakinada, Belagavi, Udaipur,
Guwahati, Chennai,
Ludhiana, and Bhopal9
Focused Markets

7.
1NDMC
1. The property demand in
NDMC dipped a little in the
month of the Nov and Dec
2015 and then picked in the
month of Jan 2016
2. It became consistent after that
3. Overall demand grew by 11 to
12% but largely in the area of
retail space

8.
2Coimbatore
1. There is a dip in property
demand from Nov till Dec
2015 and then it got picked
up in the month of Jan 2016
2. It regained it’s consistency
thereafter
3. We can’t see any progressive
growth by the smart city
announcement

9.
1. The property demand in the
market is quite consistent for
the past one year but has seen
a little spikes in the month of
May 2016
2. The smart city announcement
didn’t help much for the
property demand in the market
3KAKINADA

10.
4BELAGAVI
1. The property demand was
quite consistent till Oct 2015
then dipped till April 2016
2. It regained it early position in
the month of May and June
2016
3. The smart city announcement
didn’t help the market at all

11.
5UDAIPUR
1. The property demand was
almost consistent till Nov
2015 and then grew in the
month of the Dec 2015 and
Jan 2016
2. It dipped thereafter and then
have started regaining in the
month of June’16
3. Smart city announcement
didn’t help the market grew

12.
6GUWAHATI
1. The property demand in the market
didn’t see much rise after the
announcement of smart city
2. We can clearly see a dip in the month of
Nov’15 in the overall property demand
search in the market which is still
struggling to get its acquired position
3. However, the demand for retail
properties has increased by 15 to 18%

13.
7CHENNAI
1. Overall property demand in
the market remained quite
stagnant throughout the year
2. Announcement of smart city
didn’t help much to attain the
overall property demand in
the market

14.
8LUDHIANA
1. We can see a clear spikes in the
property searches in the month
of Jan 2016 which sustained for
the period of next two months
only and then it again regained
its previous position

15.
9BHOPAL
1. Overall property demand grew in
the month of Jan 2016 and also
sustained for the past 6 month
2. Overall demand grew by 6 to 7%
3. Demand growth for residential
property is higher compared to
that of the retail properties in the
market

16.
KEY INFERENCES
1. Overall, the markets didn’t see much
of the growth with the smart city
announcement accept Bhopal and
Ludhiana
2. It seems like the non popular cities
didn’t get the momentum at all with
the smart city announcement but it
clearly helped the market to maintain
its position in this sluggish period

17.
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