Why the prices of smart cities are soaring high around the world?

by Safoora W. Consultant

The demand of smart cities is soaring high due to the client inclination towards sustainable and smart living.

The primary reason for this inclination is due to the impact of climate change that calls for green infrastructure development
Now what is green infrastructure development?

Green infrastructure is considered a subset of "Sustainable and Resilient Infrastructure", which is defined as "low-carbon infrastructure" such as use of renewable energy; smart BRT system; "sustainable urban drainage systems" designed to manage water quantity and quality, while providing improvements to biodiversity; better air quality and clean water supply.

Therefore, investment in smart cities around the world has seen a rapid increase. Not only investments, but also development of housing societies around the concept of smart cities has increased manifold.