Smart Cities received a raw deal after Union Budget 2017

The Union Budget 2017-18 continued the high rhetoric with a new catchphrase TEC  India, whereas flagship programme like “Smart Cities” received a raw deal, except affordable housing and Swachh Bharat Mission.
The actual estate is highly sluggish and it absolutely was likely to revitalise the confidence in the urban economy, swiftly aligning it on the road of growth trajectory.

However, the prognostic approach for urban development is completely missing as sluggish economic growth continues after demonetization.
Real Estate in bangalore Investment Trust has been mooted to stimulate housing activity without giving any details on what it stimulates real estate investment.

Several concessions under Pradhan Mantri Awas Yojna for affordable housing has been given with 100 per cent deduction on profits for a firm which undertakes  Residential project in Bangalore for flats up to 30 sq metres in four metro cities and 60 sq metres in other cities within four years of approval.

Further, urban rejuvenation mission received Rs 9,783 crores for construction services under ‘Housing for All '.
A fresh metro rail policy and construction of airports in Tier-2 cities under PPP will improve mobility of workers.

However, Bangalore and other major metropolitan cities continue to manage the fundamental infrastructure problem like providing drinking tap water, improving road infrastructure, recycling of municipal waste, slum development, reducing air pollution, etc. For want of investments, this may affect efficiency, productivity and standard of living of an incredible number of city dwellers.

Whilst the Economic Survey 2016-17 observes, builders and developers in bangalore collects only 5 per cent of its potential property taxes, which means that poor revenue generation results in poor infrastructure unless budgetary allocations come from their state and Central government.
You can find no programmes for Bangalore city which is why budgetary allocation for linking Metro Rail to Bangalore International Airport was expected.

 Overall the Union budget has completely focused on rural infrastructure and neglected the urban development needs.

However, rural development will dramatically reduce migration to cities, improve use of basic needs and decrease income inequality.
The budget is without vision on urban development, which may cost the economy.