Urbanization is imposing many challenges, and vehicular traffic management is one such challenge. It hampers smooth traffic flow, wastes time, and threats of road safety. Moreover, it also impacts the environment, economy, health, and other essential services. The root cause of traffic mismanagement is the dynamic nature of the traffic on roads and the incapability of legacy systems to interpret such dynamics in real-time. The data analysis services based on Edge Cloud frameworks in technology outfitted urban spaces provide real-time robust and smart solutions to ever facing challenges from urbanization. Hence, Edge Cloud-based traffic management can be used to manage urban vehicular traffic in real-time. In this paper, Edge Cloud-centric IoT based smart traffic management system is developed for traffic inflow prediction and time optimized smart navigation of the vehicles. The traffic inflow prediction adapts the traffic movement phase time accordingly and avoids long waiting queues and congestions at intersections. The smart navigation enables the optimal distribution of traffic to possible paths and subsequently improves road safety at intersections. Baseline classifiers are used to predict the traffic inflow, and the statistical analyses acknowledge the prediction efficiency of the J48 decision tree as compared to other utilized classifiers. Edge Computing is used for time optimized smart navigation of vehicles and, subsequently, optimal traffic load balancing in real-time. The road safety perspective of vehicles at intersections is also get benefited from the optimal traffic load balancing. The results depict the efficiency of the proposed system for smart navigation, optimal traffic load balancing, and improved road safety at intersections.