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