Siemens has recently launched its plans of a smart city in Vienna, Austria with its partners. The latest development will be a living lab which will help in testing designs and all the systems to make intelligent cities of the future.

"Intelligent traffic solutions, green buildings, water management and smart grid infrastructure are just a few of the technologies helping to steer today's urbanization toward sustainability," says Siemens.

The partners of Siemens in this project are several local power companies and real estate developers. They are primarily aiming at creating an Aspern Smart City Research which will efficiently govern the entire project.

According to the estimations, the work will begin in October. It is a $51 million budget plan which will be built in Aspern, a district in northeast Vienna. Experts believe that the project will make the largest urban development project so far in Europe.

The target is to efficiently utilize all the resources and fill in the 595 acres project with the best of technologies. The buildings will be connected with intelligent power grids and information and communication technologies for easy interaction.

Construction of apartments, offices, business center, science, research and training center, all is included in the project. Moreover, it has also been decided to allot half of the area for public like for the construction of plazas, parks and recreation areas.