Author
The author is Partner, Deloitte India and is based out of Kolkata
China for example, where all urban land is owned by the local / city Government. Consequently, land monetization was one of the main sources of financing for Chinese cities during the Special Economic Zone (SEZ) development phase of the eighties.
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When it comes to source of financing, most of the smart city plans envisage around 70 per cent of the total outlay to be funded by the Central and State Government, either through the Smart City Mission or through convergence schemes like AMRUT, Swachh Bharat etc.
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