The Haryana government will invest Rs. 4800 crores in the construction of the Global City, where it has also put 150 acres of land for auction, as Mr Vikas Gupta, Managing Director of Haryana State Industrial and Infrastructure Development, said.
For the development of Global City on 1003 acres of land identified on Dwarka Expressway in Gurgaon, the Chief Minister of Haryana, Mr Manohar Lal Khattar, held a series of dialogues with the developers of NCR, Bangalore, Mumbai. Mr Vikas Gupta said that the CM is very eager and involved in the development of the world-class city; the work on the project will start in July. Construction of infrastructures like road and metro connectivity, helipad etc will also begin.
The Haryana government will conduct a similar stakeholders’ dialogue in Dubai, which has previously developed such modern cities.
Special attention will be paid to making the Global City sustainable and environmentally friendly. It will be near a multi-modal logistic part. The Walk to Work concept will be followed by allowing both commercial and residential projects, making it a mixed-use project.
The global city will attract more investors, as the Chief Minister of Haryana has said. Gurugram in Haryana has already become a focal point of attraction for investors worldwide.
Mr Sahil Vachani, MD and CEO of Max Ventures and Industries, said the group applauds the leading vision of the Government of Haryana to create a futuristic and global city and their significant initiative to invite participation and suggestions from the key players of the market, including Max Industry. This initiative can make Gurugram a leading image in the international community, not just in real estate but also in healthcare, tourism, etc. As an advanced real estate player and understanding the gigantic energy consumption needed by construction, the group wants to impact the environment positively. At the meeting, the realtor highlighted the requirement for government intervention and policy changes. Green building strategies should be implemented with mandatory regulations to achieve set environmental standards and certifications.
Knight Frank, the helping hand of HSIIDC in stakeholder consultations, has also conducted three shadow works for HSIIDC. Mudassir Zaidi, executive director of North Knight Frank India, said that the survey preferred the larger plots. The project of creating a city with a city where everything is available has piqued the investor’s interest.
Source: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/haryana-government-plans-to-auction-150-acre-land-in-gurgaon-for-first-phase-of-global-city/articleshow/92251277.cms
