GURGAON-MANESAR NEW MASTER PLAN

Gurgaon-Manesar Urban complex Plan 2021 will offer another 33,726 hectare of land for development. This will make it a new growth centre for the NCR. Harinder Singh of Realistic Realtor said that the new master plan will make 14,930 hectare of land available for residential and 1,404 hectare of land for commercial development. The new master plan will cater to 37 lakh people. According to the Gurgaon-Manesar plan, Singh said, 58 more sectors will be developed in addition to the existing 57, taking the number of sectors to 115.



The plan has already generated intense interest in the property market, which may further boost the real estate activity in the region, said Singh. Another impact of the master plan is that the introduction of new sectors means more supply which will keep the prices under control, he said. So far, property developers were only concentrating their attention on high-end housing. With availability of more land, they can focus on middle and lower segments as well, Harinder Singh said. Raheja Group has proposed three group housing projects under the Gurgaon-Manesar Master Plan to be built over 48 acres. A number of other major groups planning to launch projects in the area are Emaar-MGF, DLF, Unitech and Ansal API. The prevailing residential rates in proposed projects of Raheja Group in Manesar range between Rs 1,900-2,200/sq ft.



With initiatives of the Haryana Government, Gurgaon is likely to become a major hub of special economic zones (SEZ) also. A large number of SEZs have been proposed by Reliance Industries, DLF and Unitech in the area.



Gurgaon-Manesar New Master Plan 2021 Projected Population in 2021: 37 lakh Residential area : 14,930 hectare Industrial area: 5,441 hectare Commercial area : 1,404 hectare Special Economic Zones (SEZs) : 4,570 hectare Expected water Demand: 390 cusec Two Mass Rapid Transit system corridors up to Manesar along Dwarka and Mehrauli Stretch

Courtesy:ET dated. 21-03-08