Smart Cities - An Overview and the Role of ICT

A large number of people are migrating from rural areas to urban areas for better jobs and to have a better quality life. ICT is playing a leading role in the development of smart cities. It provides better services and improves the well-being of the citizens. Smart cities provide high efficiency and also manages complexity. As the urbanization is growing at a steady pace, the economy is also growing at an unfaltering pace. More and more people are investing their money in the property. The research also predicts that there is a big price hike in the property with the development of the smart cities. This paper discusses the smart gains and price appreciation of the property with the development of the smart cities.