Swedish companies will enable India to build its first climate-neutral Smart city in Gurugram. During Swedish royal family’s visit to India, Gurugram-based developer M3M signed an agreement with a Swedish company to develop 165-acre smart city project, which will attract foreign investment of $2 billion.
According to the spokesperson from Sweco AB, circular economy, inclusive growth, and climate, resilience and mitigation will be its key focus. It will also focus on water-conservation, re-usability, and 100 percent waste recycling. Sweco AB is a European engineering consultancy company, active in the fields of construction, architecture, and environmental engineering.
“This will be a mixed-use development with both residential and commercial development. The development will be in-line with UN Sustainable Development Goals and Paris Agreement,” said Pankaj Bansal, Director, M3M Group.
The smart city will take 7-10 years to complete and will look for foreign investments for different services.