With the help of available literature, this research paper attempts to examine critically how India has financed its Cities in the past, how it is currently financing its Cities and how it will be financing its Cities in near future going by past and present trends. Such an examination is necessary because if India wishes to pursue Sustainable Development Goals (SDGs) and to transform itself by 2030, then it needs to pursue SDG No. 11 of ‘Sustainable Cities’, because by 2030 more than its 60 per cent population will be staying in the Cities.