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Gurgaon Govt. eyes Rs 1 lakh crore investment in Global City

By Rishabh Chamoli | 2022-10-19

The ambitious Global City project on the outskirts of Gurgaon is looked upon as the next best bet for property investors. The Haryana Government is expecting investments up to Rs one lakh crore for the project, spread over an area of 1,080 acres.

Speaking at a press conference upon his return from the official Dubai trip, Haryana Chief Minister Manohar Lal Khattar, announced that the Global City project in Gurgaon would attract investments up to Rs one lakh crore.

The CM also shared that the Global City would emphasise sustainability, futuristic designs and infrastructure. In the first phase of the project, 250 acres of land would be auctioned. The first auction is planned to be held in November 2022 while the work on civic amenities has already started. The rest of the project will be developed in phases. A single window system has been planned for all approvals relating to developments in Global City.

Where will the Global City be located?
Global City is being developed at Garhi Harsaru in Gurgaon. The land for the Global City is spread across Sectors 36 and 37 in Gurgaon, right along the Dwarka Expressway and close to Pataudi Road.

As per State Chief Minister, more projects along the lines of Global City could be taken up in the state in the future. He also shared that the Jungle Safari project is on track and a Foundation will be set up for the same. The Safari will be spread over 10,000 acres of land, 6000 of which is located within the Gurgaon district and the remaining in the Nuh district.

Details on the Global City project
Global City has been envisioned as a central business hub for the Delhi National Capital Region (NCR). The mixed land use project will have both commercial and residential components. The city is being developed as a smart city with the integration of power, water and other utilities in a centralised IT system. The model city is being developed incorporating best practices from international business hubs like the Business Bay in Dubai and Business Districts in Singapore.

The land for the project is part of the land Reliance Industries returned to the Haryana government way back in 2014.