Saturday, 28 February 2015

EMERGING HUB - Another Gurgaon in the making

Dharuhera, home to many prestigious companies like Maruti, Honda, Amtek Auto, Sony, Samsung, Gillette, Orient Textiles, etc, is witnessing huge demand for social, entertainment, residential and commercial real estate due to some mega infrastructure projects in the vicinity.

Dharuhera is second to none in the NCR as far as connectivity and infrastructure are concerned. The town lies on NH-8. Also, KMP Expressway that connects NH-1, NH-10, NH-8, and NH-2 bypassing Delhi is nearing completion and is in close proximity to the town.

Some of the forthcoming mega infrastructural projects that are responsible for the development of the town include Delhi-Mumbai Industrial Corridor (DMIC), Manesar Bawal Investment Region (MBIR), Rapid Rail Transit System (RRTS) connecting Delhi-Gurgaon-Manesar-Dharuhera-Rewari-Bawal-Neemrana, and India's first defence university-Indian National Defence University (INDU).

DMIC is now attracting the attention of investors across the world because it is a unique model for industrializing a country. Experts say that DMIC has the potential to attract more than $100 billion in new investments while value of land along the corridor would multiply manifold. When complete, DMIC will be the biggest industrial zone spanning the length of the western flank of India, encompassing six states, with “smart cities“ dotted along the length and breadth of this industrial corridor. This will naturally lift the prospects of Dharuhera and make it a strong competitor to Gurgaon in industrial growth and real estate development.

The Haryana government has earmarked four Influence Zones of DMIC in the state. In the first phase, MBIR has been taken up for development. MBIR spans across 800 sq km, out of which 402 sq km is being developed initially. Some of the mega projects under MBIR are an exhibitioncum-convention centre on 400 acres, an integrated multi-model logistics hub on 1,000 acres, among others.

RRTS (Rapid Rail Transit System) between Gurgaon, Manesar, Dharuhera, Rewari, and Bawal-130km in route length has been planned with an investment of Rs 63,000 crore. Land acquisition has begun here with a notification in 13 villages of Rewari district in Haryana.

KMP (Kundli-Manesar-Palwal Expressway), under construction, will connect NH-1, NH-10, and NH-2 with a route length of 135.65km. These developments have spurred the efforts of developers here.

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