Pune is one of the few largest Indian cities to have featured in the list of 20 Smart Cities that will roll out their plans in the first phase.
It stood second only to Bhubaneswar in the Smart Cities Challenge on the basis of which the government selected the first 20 cities.
Pune in its detailed project report estimated the total cost of the project to be Rs 29.32 billion, says newspaper reports.
As much as Rs 21.96 billion or 75 per cent of that money will go towards developing of 900 acres of the Aundh-Baner-Balewadi area.
This area, selected through a poll of citizens, has a population of 40,000, according to the Pune Smart City Draft Plan. Pune’s population is more than 5 million, going by the 2011 census.
In the first five years, when Pune pumps in close to Rs 30 billion on making itself smart, three-fourth of that money will be pumped in an area where 1 per cent of its population lives.
The selected 20 cities have submitted plans with total cost outlay of Rs 508.02 billion. Out of which, Rs386.93 billion or 76 per cent will go towards area development.