This article is aimed at earthquake hazard, vulnerability and risk assessment as a case study to demonstrate the applicability of Spatial Multi-Criteria Analysis and Ranking Tool (SMART), which is based on Saaty's multi-criteria decision analysis (MCDA) technique. The three specific study sites of Delhi were chosen for research as it corresponds to a typical patch of the urban environs, completely engrossed with residential, commercial and industrial units. The earthquake hazard affecting components are established in the form of geographic information system data-set layers including seismic zone, peak ground acceleration (PGA), soil characteristics, liquefaction potential, geological characteristics, land use, proximity to fault and epicentre. The physical vulnerability layers comprising building information, namely number of stories, year-built range, area, occupancy and construction type, derived from remote sensing imagery, were only considered for the current research. SMART was developed for earthquake risk assessment, and weights were derived both at component and its element level. Based on weighted overlay techniques, the earthquake hazard and vulnerability layers were created from which the risk maps were derived through multiplicative analysis. The developed risk maps may prove useful in decision-making process and formulating risk mitigation measures.