Indian Real Estate Sector has gone through a variety of changes, most of them for the betterment of the nation. Acts like Real Estate Regulation and Development Act (RERA) and investment opportunities such as Foreign Direct Investments (FDIs) and Real Estate Investment Trusts (REITs) have expedited the growth process in rural as well as urban infrastructure.

A smart city, i.e. a city built with the use of technology, information and data, and one that not only offers primary infrastructure elements such as electricity supply, water, sanitation, and good management but also provides benefits such as IT connectivity and digitization, sustainable environment, safety, and security of women, children and the elderly, and more. The idea of a smart city is not new, in fact, it has been a dream for many realtors in India for a long time. However, only a few have begun to actualize it.

The idea of a smart city is not new, in fact, it has been a dream for many realtors in India for a long time. However, only a few have begun to actualize it.

How could a smart city transform infrastructure and is it feasible for the real estate developers to turn this dream into a reality? Let us find out now about the ‘S’mart City:

1) Smart Parking

To begin with, smart urban areas could initiate smart parking systems by introducing smart meters that can recognize accessible parking spots in a particular geographical area pursued by adding e-payments for simple access to the area and fostering timely payments.

Whenever connected, this could lessen pointless commotion on the urban roads by decreasing the need to block streets in order to search for parking spots. It likewise lets geographies to deal with their parking supply.

2) Smart Electricity Tracking

Having a zero-emission city isn't excessively far from turning into a reality. The smart city of the future will incorporate a large group of clean energy sources to control. The energy in smart urban areas is effective; utilizing less energy could be a result of real-time data collection and information analysis.These "smart ways" will continually monitor the usage, sending energy to the zones in the city that may need considerably more power, while rationing it in areas of the city that probably won't require it. Solar and wind energy could also be gathered for the duration of the day and sent to the demanding territory.

3) Smart Homes

Every smart home would be called smart if it has a sense technology that is embedded in the infrastructure as well as equipment already. These sensors communicate with each other on the basis of real-time data and information analysis. The information stored is then converted and interpreted in informed decisions.

4) Smart and Sustainable Living

The decrease of CO2 and different harmful gases destructive the ozone layer is maybe the most critical proportion of an urban area. Bringing down the CO2 levels can be accomplished through the much-awaited move towards utilizing sustainable power sources, vertical gardens, a great supply of elective methods for transport (for example bikes, trains and electric transports) and family unit duty to water and energy saving.

5) Smart and Safer Driving

As vehicles are increasingly becoming self-governing, urban communities are ending up progressively smart by utilizing more sensors and instruments. To drive smart, the IT foundation must be able to catch, store, shield and break down information from self-ruling vehicles.

Smart sensors alongside the streets could be a piece of this activity so traffic conditions could be estimated and crashes or different unsafe obstacles could be checked before.

The smart city of tomorrow is just as brilliant as its planning is today, and as our urban areas become progressively associated, we need more prominent co-ordination between our technologically approved gadgets/advances and public safety organizations.