ABSTRACT
Development of smart cities is an emerging trend being witnessed worldwide. Ever-increasing urbanization triggered by rapid economic growth presents various issues for the city planners to tackle. Urbanization is inevitable, and hence it is essential to identify innovative and smart ways to manage its complexities. The need of the hour is deployment of integrated and inclusive development model of smart cities that through the use of innovation and technology can deliver social and economic outcomes and make cities more efficient, sustainable, and livable. This chapter discusses the case studies of two Asian Smart cities, Masdar City, Abu Dhabi, and Magarpatta City (Pune), India, which are unique in their approach to development and contributed differently to the social and economic development. The purpose of this research is to make a comparative analysis of these two cities to study the socio-economic impact of development of smart cities and the attributes that contributed to the success of these cities. Furthermore, critical parameters are identified, which if present in the smart city initiatives will lead to its success.
