The Economic Times daily newspaper is available online now.

    Haryana may invest ₹4,800 crore to build infra for global city

    Synopsis

    "The CM is actively involved in the creation of the world class city and the first phase is expected to start in July. We will also start work on infrastructure, which will include road and metro connectivity and helipad among others," Gupta said.

    iy
    Haryana government plans to conduct a similar stakeholder meet in Dubai.
    New Delhi: The Haryana government will auction about 150-acre land parcel in Gurgaon in pursuit of its plan to invest ₹4,800 crore in creating infrastructure for a global city, Vikas Gupta, managing director of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), told ET.

    Haryana chief minister Manohar Lal Khattar held a series of consultations with developers from NCR, Bangalore and Mumbai to help develop the city in Gurgaon on the total 1,003-acre land it identified on Dwarka Expressway.

    "The CM is actively involved in the creation of the world class city and the first phase is expected to start in July. We will also start work on infrastructure, which will include road and metro connectivity and helipad among others," Gupta said.

    Haryana government plans to conduct a similar stakeholder meet in Dubai.

    "The upcoming city will be near to a multi modal logistic park and a special focus will be on sustainability and environment friendly measures. The land available will be of mixed use and there will be both commercial and residential development to follow the walk-to-work concept," said Gupta.

    The Haryana chief minister had earlier said that although Gurugram in Haryana has become a centre of attraction for investors from across the world, more and more investors would come forward after the construction of the global city.

    "We laud government of Haryana's exemplary vision to develop 1000 plus acres in a planned format to create a futuristic and iconic global city, and their novel initiative to invite participation and inputs from key players in the industry, including Max Estates," said Sahil Vachani, MD & CEO, Max Ventures and Industries Limited.



    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more
    The Economic Times

    Stories you might be interested in