The Delhi Mumbai Industrial Corridor along the NH 8 will bring in dozens of SEZs and other big-ticket realty developments along the corridor making this national highway the lifeline of all future growth in the NCR.
The National Capital Region (NCR) has over the last few years witnessed traction in
real estate and infrastructure development . At about 200 million sq ft space required for various real estate development projects comprising 114 million sq ft in residential, 48 million sq ft in office, 19 million sq ft in retail and 17 million sq ft in hospitality sectors, the NCR leads in the demand for requirement over all other top Indian cities.
In the NCR, the 1483km-long Delhi Mumbai Industrial Corridor (DMIC), originating from Greater Noida (Boraki) to Mumbai along the National Highway 8, is also set to be a game changer where multiple special economic zones (SEZ) have been approved by the government of India and are attracting foreign direct investment (FDI) in real estate, information technology (IT and ITes), and other sectors like automobile, glass technology, packaging, logistics and cargo, heavy machinery equipments, construction material, medicine, food processing, electrical, metal and metal processing, hospitality, garments and the services industry like financial services. DMIC has an estimated outlay of $ 50 billion.
In view of this immense opportunity in this belt, various developers like Parsvnath, Raheja, Supertech, Amrapali, Aashiyana, Antriksh and Kenball have announced their projects along the NH 8 leading to Jaipur, Manesar, Gurgaon, taking into consideration the locational advantage of being centrally located adjoining these industrial satellite towns.
The region spanning a radius of about 20km-40km including Gurgaon-Manesar, Palwa-Tapukra, Neemrana-Khushkhera-Bhiwadi, Shajanhapur-Behror-Kotkasim is expected to witness implementation of industrial activity worth millions of dollars by various business and commercial entities from all over the world.
These industries will attract skilled and semi-skilled working population of approximately 1.5 million from the different parts of the country and abroad.
Hence, investments in residential projects, education, health care and modern urban infrastructure will be of prime consideration in this zone.
Quick bites
investments in residential projects , education, health care and modern urban infrastructure will be of prime consideration in this zone
these industries will attract skilled and semi-skilled working population of approximately 1.5 million from the different parts of the country and abroad
Courtesy by: times property dtd : august 21, 2010
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