+
Haryana plans to invest Rs 1 trillion in Gurugram Global City
Real Estate

Haryana plans to invest Rs 1 trillion in Gurugram Global City

The Haryana government is looking to invest of Rs 1 trillion in the Global City project in Gurugram, which will come up on about 1,080 acres of land.

Chief Minister Manohar Lal Khattar, who during his recent Dubai visit garnered investments for this project, told the media last week that it is being developed by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC).

Khattar said that the Global City will be a mixed land-use township that will redefine the concept of urban development and what cities of the future will look like through its sustainability-focused infrastructure planning and design.

In the first phase, a target has been set to auction 250 acres of land by November-end, while the auction of the remaining portion will be done in a phased manner, he said.

"It will be a city within a city and involve investments worth nearly Rs 1 lakh crore. Four roadshows have been held in connection with the project including two in Gurugram and one each in Mumbai and Dubai," Khattar said, adding that 13 leading companies have evinced interest in the project so far.

Khattar said that a single window system would be adopted to execute all the works related to this project and all permission will be given through it.

See also:
About 100,000 housing units unsold in Hyderabad
Ashiana Housing to invest Rs 920 mn in Bhiwadi project


The Haryana government is looking to invest of Rs 1 trillion in the Global City project in Gurugram, which will come up on about 1,080 acres of land. Chief Minister Manohar Lal Khattar, who during his recent Dubai visit garnered investments for this project, told the media last week that it is being developed by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC). Khattar said that the Global City will be a mixed land-use township that will redefine the concept of urban development and what cities of the future will look like through its sustainability-focused infrastructure planning and design. In the first phase, a target has been set to auction 250 acres of land by November-end, while the auction of the remaining portion will be done in a phased manner, he said. It will be a city within a city and involve investments worth nearly Rs 1 lakh crore. Four roadshows have been held in connection with the project including two in Gurugram and one each in Mumbai and Dubai, Khattar said, adding that 13 leading companies have evinced interest in the project so far. Khattar said that a single window system would be adopted to execute all the works related to this project and all permission will be given through it. See also: About 100,000 housing units unsold in HyderabadAshiana Housing to invest Rs 920 mn in Bhiwadi project

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?