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Smart City has been an emerging research domain for Government, Businesses, and researchers in the last few years. The Indian government is also interested and investing lots of funds to develop smart cities. These cities are technology-based and require interdisciplinary research and development for successful implementation. Over the last few decades, various technological interventions have created a tendency to provide smart everyday objects to make human life more comfortable. The emergence of the smart city paradigm is a response to creating a future city that guarantees the well-being and rights of its citizens from the perspective of industrial development: industry, urban planning, environment, and sustainable development. There are several subdomains in the smart city for the research. To work with the different subdomains in a smart city, proper guidance about the background of the smart city is required. This research paper is a guide for the same. This research paper represents a systematic literature review of the smart city domain. This paper carries out a systematic review of research papers published in various well-reputed journals like IEEE, Springer, Elsevier, etc., between 2011 and 2021. This paper will help the government, businesses, and researchers aiming to enhance the smart city concept. Initially, this paper discusses the origin and emergence of this concept, followed by a few definitions and characteristics with the real roadmap and primary supporting pillars of the smart city. This paper discusses a typical architecture having different layers like Sensing, Transportation, Data Management, and Application Layers. There are various supporting technologies and platforms for the smart city; hence implementations are impossible without these technologies and media. This research paper discusses different components of the smart city. A broad literature survey is being done to observe various challenges, opportunities, and future trends in the smart city. This research paper can guide the researchers and provide the research direction in the smart city domain.