India  

Construction Begins on Massive $9 Billion 'Smart City' Project

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Construction Begins on Massive $9 Billion 'Smart City' Project

Construction Begins on Massive $9 Billion 'Smart City' Project

Construction Begins , on Massive $9 Billion, 'Smart City' Project.

'Newsweek' reports that construction is , underway on a "smart city" , three times the size of Monaco.

Developers on the $9 billion project hope it will become a prototype for sustainable developments around the world.

Covering an area of 6.2 million square meters, Ellinikon is one of the biggest sustainable urban development projects in the world.

.

The project is being developed with a focus on smart sustainable city principles, incorporating the most advanced technologies and carbon neutral practices, Lamda Development, via 'Newsweek'.

The end goal is to combine thousands of permanent residences with a commercial hub surrounding a 600-acre public park.

.

It's a genuine 15-minute city within a city, designed to ensure that all residential areas, parks, beaches, sports, leisure and entertainment venues, educational facilities, hospitality options, and health services are all easily accessible within a short walk, Lamda Development, via 'Newsweek'.

Lamda Development, one of the largest real estate investors in Greece, won a government bid to reimagine the abandoned Hellinikon airport back in 2014.

.

The first phase of the project, costing around $3.6 billion, will see the creation of a new public beach, the public Ellinikon Park, transport and residential infrastructure.

Market demand for the residential and commercial spaces launched to date has far exceeded supply, with over 8,000 potential buyers currently on a waiting list, Lamda Development, via 'Newsweek'.

According to Lamda, Ellinikon could , "serve as a prototype for responsible development that can be replicated globally."


You Might Like


πŸ’‘ newsR Knowledge: Other News Mentions

Greece Greece Country in Southeast Europe

Greece Storm: Storms & Floods Paralyze Greek Islands, Travel Ban & Flight Cancellations Worsen Chaos [Video]

Greece Storm: Storms & Floods Paralyze Greek Islands, Travel Ban & Flight Cancellations Worsen Chaos

Greece Storm: Severe storms and flash floods have brought the Greek islands of Paros and Mykonos to a standstill. Authorities issued mandatory traffic bans as roads turned into raging rivers, sweeping away vehicles and damaging infrastructure. Greece’s meteorological agency has issued red weather warnings, predicting heavy rain, wind gusts up to 60 mph, and possible evacuations. Flights are canceled, schools are shut, and transport is crippled. Residents brace for more severe weather as the storm continues. #GreeceStorm #CycladesFlooding #GreekIslands #WeatherAlert #BreakingNews #StormWarning #FlashFlood #MykonosFlood #ParosFlood #SevereWeather #RedAlert #EuropeStorm #TravelDisruptions #GreeceTravel #ExtremeWeather #FlightsCanceled #Landslides #CycloneImpact #EmergencyResponse #FloodDamage ~ED.346~HT.336~

Credit: Oneindia    Duration: 03:11Published

Powerful storm brings flooding to popular Greek holiday islands

A powerful storm in the Aegean Sea has triggered flash flooding on the Greek holiday island of Paros.
Sky News

Parts of UK set to be hotter than Greece and Spain as spring sunshine continues

Parts of the UK could be hotter than cities in Greece and Spain this week, as the country continues to bathe in spring sunshine.
Sky News
Which EU countries rank best in the world for women's health? [Video]

Which EU countries rank best in the world for women's health?

Which EU countries rank best in the world for women's health? In 12 EU countries, women's satisfaction with the quality of care has decreased, with Greece reporting the lowest score at 32%. READ MORE : http://www.euronews.com/2025/03/27/which-eu-countries-rank-best-in-the-world-for-womens-health Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

Credit: euronews (in English)    Duration: 01:30Published