Delhi NCR: In the city of Gurugram, a huge project called the Global City is being developed by the Haryana State Industrial Infrastructure Development Corporation (HSIIDC). This project covers an area of 1,000 acres and is expected to attract investments worth a whopping $15 billion. The HSIIDC is now inviting bids for four large mixed-use plots, covering a total area of 172.76 acres. These plots will be used for both commercial and residential purposes, providing a bright future for investors and residents alike.
The Global City Vision
The Global City project is located in sectors 36B, 37A, and 37B, near the Dwarka Expressway. It aims to create a harmonious blend of residential areas, industrial hubs, and commercial districts. The project is designed to be a self-sufficient township, focusing on innovative technology industries, sustainable infrastructure, improved quality of life, skill development, and employment opportunities.
Auction Details
The bidding process is open, and interested bidders can register until November 20, 2023. The auction is scheduled for December 5, 2023. A pre-bid meeting will be held soon to provide potential investors with more information about the project.
The Plots: Dimensions and Purpose
There are four plots available for bidding. Two of the plots cover 86.05 acres and 23.76 acres, respectively, and will be used for 65% commercial and 35% residential purposes. The third plot, covering 58.11 acres, will be used for equal parts commercial and residential development. The fourth plot, covering 4.84 acres, is reserved for educational institutions, specifically schools.
Pricing Insights
The price of each plot is an important factor in the auction. The 86.05-acre plot is priced at Rs 1,47,500 per square meter, while the 23.76-acre plot is priced at Rs 1,28,000 per square meter. The 58.11-acre plot is priced at Rs 1,21,000 per square meter. The educational plot, covering 4.84 acres, is priced at Rs 56,500 per square meter.
Innovations: A Glimpse into the Future
The Global City project is designed to be innovative and forward-thinking. A unique underground tunnel will be built beneath the roads to house all utilities, including water, telecom, and electricity lines. This approach eliminates the need for road digging in the future for maintenance or upgrades, simplifying urban infrastructure management.
Seamless Connectivity and Infrastructure
The Global City project is focused on improving connectivity. There will be dedicated pathways for pedestrians and cyclists, an efficient Regional Rapid Transit System (RRTS), and a Gurugram-Bawal metro corridor running through the city. Interstate and intercity bus terminals will be built near the township, improving connectivity in the region. The city will also have wide arterial roads and sub-arterial roads, ensuring smooth traffic flow and easy accessibility.
In Conclusion
The Gurugram Global City project is a symbol of progress and modernity. The upcoming auction is an opportunity for investors to shape the city of tomorrow. The combination of commerce and community promises a wealth of opportunities. Bid for a stake in Gurugram Global City’s promising future.
