IoT (Internet of Things) platforms are key enablers for smart city initiatives, targeting the improvement of citizens' quality of life and economic growth. As IoT platforms are dynamic, proactive, and heterogeneous socio-technical artefacts, systematic approaches are required for their development. Limited surveys have exclusively explored how IoT platforms are developed and maintained from the perspective of information system development process lifecycle. In this paper, we present a detailed analysis of 63 approaches. This is accomplished by proposing an evaluation framework as a cornerstone to highlight the characteristics, strengths, and weaknesses of these approaches. The survey results not only provide insights of empirical findings, recommendations, and mechanisms for the development of quality aware IoT platforms, but also identify important issues and gaps that need to be addressed.