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Sweco to help M3M India Build Climate Neutral Smart City in Gurgaon in India

Infra News - Published on Thu, 12 Dec 2019

Image Source: M3M Climate Neutral Smart City
Developer M3M India announced last week that it is to partner with Swedish consulting engineer Sweco to develop India’s first climate-neutral smart city in Gurgaon. The city will be designed with a focus on water recycling and will meet the UN Sustainable Development Goals and the Paris Agreement on carbon emissions. The site is located alongside the Dwarka Expressway. The company then hopes to attract billions of dollars in foreign investment over the next 10 years to complete the scheme. It plans to raise some of this funding by listing the city on the Swedish stock exchange.

M3M director Mr Pankaj Bansal said “Company plans to invest around USD 350 million in the project, some USD 280 million of which has already been used to buy the 67 hectare of land earmarked for the city. Company plans to spend the rest of its investment building the first residential phase of the scheme on a 10 hectare site.

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Posted By : Yogender Pancholi on Thu, 12 Dec 2019
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