The Haryana State Industrial Infrastructure Development Corporation (HSIIDC) has initiated the bidding process for four mixed-use plots in Gurugram's expansive Global City project, spanning 172.76 acres. With a focus on cutting-edge technology, sustainability, and comprehensive planning, this ambitious 1,000-acre project is set to transform Gurugram's landscape. The bidding process, beginning in November 2023, offers plots for various purposes, including commercial, residential, and institutional use. The Global City project promises economic growth and serves as a model for sustainable urban living in Gurugram.
The Haryana State Industrial Infrastructure Development Corporation (HSIIDC) has opened the bidding process for four mixed-use plots in Gurugram's Global City project. These plots, covering a total area of 172.76 acres, are part of the ambitious 1,000-acre Global City project, which is estimated to have a staggering investment potential of $15 billion.
Situated in Gurugram sectors 36B, 37A, and 37B, adjacent to the Dwarka Expressway, HSIIDC’s Global City project is meticulously planned to incorporate residential zones, industrial clusters, and commercial areas. Envisioned as a self-sufficient township, the project places a strong emphasis on cutting-edge technology industries, eco-friendly infrastructure, quality of life, skill development, and employment generation.
According to insiders, the bidding process commenced with the last date for registration set at November 20, 2023, followed by the auction scheduled for December 5. It is anticipated that a pre-bid meeting will be conducted later this month in Gurugram.
The auction encompasses four plots, with respective sizes of 86.05 acres, 23.76 acres, 58.11 acres, and 4.84 acres. These plots are designated for diverse uses, with a majority devoted to commercial and residential purposes. Specifically, the 86.05-acre and 23.76-acre parcels are allocated for 65 percent commercial and 35 percent residential use. The 58.11-acre plot is evenly split between commercial and residential development. Additionally, the 4.84-acre plot is exclusively reserved for institutional purposes, specifically the construction of schools.
In terms of pricing, the rates for these plots vary. The 86.05-acre plot is priced at Rs 1,47,500 per square metre, the 23.76-acre plot at Rs 1,28,000 per square metre, and the 58.11-acre parcel at Rs 1,21,000 per square metre. The institutional plot spanning 4.84 acres is priced more modestly at Rs 56,500 per square metre, reflecting its purpose for school construction.
The Global City project distinguishes itself with innovative features, such as a dedicated utility tunnel situated beneath the roads. This tunnel will house various utilities, including water, telecom, and electricity lines, eliminating the need for future road digging for repairs or upgrades. Additionally, the Global City will incorporate designated pathways for pedestrians and cyclists, ensuring a safe and eco-friendly environment.
The project's emphasis on connectivity is evident in its plans to integrate various modes of public transport, including the Regional Rapid Transit System (RRTS) and the Gurugram-Bawal metro corridor. Furthermore, the development of interstate and intercity bus terminals near the township will significantly enhance regional connectivity. The Global City's well-planned infrastructure includes 60-metre-wide arterial roads and 45-metre-wide sub-arterial roads, ensuring seamless mobility within the township.
In summary, the opening of bids for the mixed-use plots in Gurugram's Global City project marks a significant step toward the realisation of this visionary development. As it moves closer to becoming a reality, the Global City project not only promises economic growth but also represents a model for sustainable urban living. With its strategic planning, innovative features, and emphasis on connectivity, the Global City project is set to redefine urban living in Gurugram and pave the way for a brighter, more sustainable future.
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