মঙ্গলবার, ২৮ আগস্ট, ২০১২

It's not the economy, stupid! - Real Estate India

GURGAON: Gurgaon has many names. For some it?s?Millennium City, for others?Silicon Valley?of India. But Master Plan 2031 has shattered the city?s dreams of acquiring another name for itself,?SEZ?capital of India.

While Master Plan 2021, which was published in 2007, conceptualized new development around special economic zones (SEZs) in Gurgaon and Manesar, the term has disappeared altogether from the latest draft of Master Plan 2031. As a result, the new master plan drastically cuts proposed area for urbanization to 32,408 hectares from 37,069 hectares in master plan 2021. This despite the fact that projected population in the new master plan has been increased to 41.65 lakh from 37 lakh in plan for 2021.

While most of the area demarcated as special economic zone (SEZ) in earlier plan was proposed to be developed by?Reliance Industries Limited?(RIL), it has now been converted to agricultural zone. Earlier this year, the state government had decided to take back 1,383 acres land from RIL as it failed to implement the SEZ project.

Similarly, a major chunk of land on the northern side of Pataudi Road has been converted to residential and commercial zone. New sectors ? 95A, 95B, 89A, 89B, 88A, 88B and 99A ? have been proposed in this area covering villages like Wazirpur, Hayatpur, Mohammedpur, Garouli Khurd, Garouli Kalan and Harsaru. Interestingly, villagers from these areas claim that a lot of?real estate?developers have already purchased land from them.

In 2007, the state had proposed to develop as many as 60 SEZs in Gurgaon district. Five of these SEZs were in the category of multi-products/services while 36 belonged to IT/ ITeS. A few of the mega SEZs included the HSIIDC-RIL joint venture that was to urbanize over 25,000 acres of land. This was when the state government had approved a plan to transfer nearly 34% of Gurgaon?s agricultural land to SEZs.

The Master Plan 2021 talked about providing additional connectivity with Delhi through roads like the 150-metre wide Northern Peripheral Road (NPR) and 90-metre wide Southern Peripheral Road (SPR). It also included three major roads connecting Delhi and Gurgaon like Vasant Kunj to MG Road, among others.

Similarly, Master Plan 2025 proposed a Transport Nagar spread across 28 hectares in Sector 33. This was to be developed by HUDA. A container depot had also been proposed adjoining Delhi-Rewari railway line. A Mass Rapid Transit System Corridor (MRTSC) along the NPR was proposed. Another MRTSC was proposed along Mehrauli road to extending up to the proposed 90-metre link road with Delhi via Gwalpahari. The 2025 plan suggested realignment of Badshahpur Nala that runs along Sector 58 and 67.

The latest plan has approximately 50 hectares reserved for wholesale markets of building material, grain and vegetable market in Sector 99-A, on the northern side of railway line along newly proposed 75 metre-wide road. Also, a nearby area of 40 hectares has been reserved for idle parking where heavy vehicles can be parked. The changes in the master plans between 2025 and 2031 look substantial only on paper as emphasis has been put on developing the infrastructure to keep pace with the explosive growth of the city.

Source: http://www.indianrealtynews.com/real-estate-india/gurgaon/its-not-the-economy-stupid.html

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