While the Indians were pondering upon how the government shall resolve the issue of rising urbanization and provide for a better living standard for fellow citizens, Indian Inc. came up with the brilliant idea of 100 smart cities: cities that shall be smarter in technology, smarter in usage of resources and also in amenities. This article shall compare two such cities: Tiruppur, Tamil Nadu and Dholera Gujarat.
|Strategic advantage||Dholera is a small city with agriculture being the basic occupation. The residents in the city are mostly poor. However, with Dholera being declared as a smart city and being strategically located next to the DMIC, the scope for development going ahead is manifold. The city is envisaged as a global trading and manufacturing hub and shall be one of the fastest developing cities of India. Dholera, India’s Biggest/Largest Greenfield Smart city of India first ever of its kind to be developed in India.||The city contributes to 90% of India’s cotton knit wear export and gives employment to over 6 lakh people. An established economy, the development scope going ahead shall be at its own pace. Being tagged as one of the 100 smart city is certain to enhance its development scope but the impact shall not be felt as strongly as that in Dholera; reason being that Tiruppur is already economically robust and has successfully created a place for itself on Tamil Nadu soil.|
|Funding||Dholera has received an initial funding for Rs. 3,000 crores for trunk infrastructure project. The next 1700 crores were sanctioned for development of Dholera international airport. Recently, another Rs. 1700 crores has been sanctioned to L&T for the tender awarded to it for construction of roads. Such thrust from the government has proved to be a catalyst in attracting funds from foreign and Indian investors who are investing massively in the first smart city project.||The funding pattern for Tiruppura is yet to be finalized by the central government. If the government decides to do an initial funding of Rs. 2000 crores (the way it has been done for the first 20 smart cities) Tiruppur shall lag much behind Dholera. This shall also adversely impact the development plans and slow the development pace of the region.|
|Infrastructure||Dholera is at a nascent stage of development. Due to this, the town had not been a witness to much development on the infrastructure front. This factor now proves to be a blessing in disguise giving the architects and designers developing Dholera a free hand in making it a world class city.||Tiruppura, due to its industrial set up is much ahead of Dholera in terms of basic infrastructure amenities. This in turn means that the master planners shall have to make extra effort in either pulling down the existing infrastructure or revamping it. Therefore, possibly the infrastructure set up of Tiruppura might not match up that of Dholera.|
|Property Price||Dholera is very cheap when it comes to buying a property. This has lured global investors to invest sizeable amount in Dholera real estate in anticipation of reaping exponential returns.||Tiruppura, being a developed economy has seen significant appreciation in real estate prices. Therefore any property here is more expensive than that in Dholera.|
The above factor concludes that Dholera is a better, safer and smarter Investment destination than Tiruppura.