The GMR group as part of its asset light strategy is now looking for buyers for its hotel property at Rajiv Gandhi International Airport here under the Swiss Challenge model, it said in an exchange filing Friday.
As per the profile of the selected cities, 35 cities and towns have a population between one and five lakh. There are 21 cities with population ranging between five and 10 lakh.
The Confederation of Real Estate Developers' Association of India (CREDAI) also demanded that the private sector should be roped in to realise this mission.
"Selection of smart cities is a first step. Major challenge is to provide quality urban services such as 24X7 water supply, sanitation, drainage, solid waste management and sewage treatment.
While UP has maximum of 13 cities, followed by 12 by Tamil Nadu and 10 by Maharashtra to be developed as Smart Cities, Madhya Pradesh has seven cities in the project.
Number of Smart Cities allocated to various States based on urban population and number of statutory towns.
Here is a comprehensive list of cities that have been nominated in Tamil Nadu.
Here is a comprehensive list of cities that have been nominated in Maharashtra.
Here is a comprehensive list of cities that have been nominated in Uttar Pradesh.
The capital cities, which have not been nominated as smart cities, include Itanagar, Patna, Shimla, Bengaluru and Kolkata.
13 cities from Uttar Pradesh, 12 from Tamil Nadu, 10 from Maharashtra, 7 from Madhya Pradesh, 3 each from Bihar and Andhra Pradesh are included in smart cities.
Prime Minister Narendra Modi has launched the criteria and guidelines for 100 Smart Cities to be selected through city challenge competition in June 25.
The deal values the place around Rs 38,000 per sq ft. The complex has ` three towers Signature Island, Signia Isles and Signia Pearl.
According to Mercer's annual Cost of Living survey, with a pair of jeans costing in excess of USD 240 and a basic fast-food meal at USD 18.95, Luanda in Angola is the costliest city in the world.
It will help customers raise the eligible amount by up to 20 percent and increase the tenure by up to seven years.
Affordable home segment presents a business opportunity worth USD 11.8 billion for developers across seven major cities of the country, according to property consultant Cushman and Wakefield.
The leasing has been done at Rs 120-130 per square feet, sources said, adding that the deal would lead to rental revenue of around Rs 600 crore over the 9-year lease period.
The Government is set to announce by September 1 the names of urban centres that would figure in the list of 100 smart cities, a flagship scheme of the Narendra Modi administration.
For smooth implementation of the ambitious 'Housing-for-All' scheme, the Centre has proposed to decentralise the process by involving state governments in the planning and decision-making process.
DDA will issue its next housing scheme by the end of 2016, which would be much larger than the 2014 project and will include more than 60,000 flats.