The development of municipal amenities at the Global City project site is expected to begin in August. The Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) has invited bids for three land parcels sum up 142.5 acres, with a combined reserve price of Rs 7,817 crore.
The Global City project will be built in two phases on a total of 1,003 acres in sectors 36B and 37B of the Dwarka Expressway, which is now under development. The HSIIDC will develop 570 acres in the first phase of the project.
Three land parcels totaling 78.5, 23.8, and 40.2 acres are up for the first e-auction. The reserve price for the 78.5-acre land parcel is almost Rs 4,957 crore, the reserve price for the 23.8-acre land parcel is Rs 1,298 crore, and the reserve price for the 40.2-acre land parcel is Rs 1,562 crore, according to officials.
Previously, the HSIIDC estimated that establishing critical services and civic amenities at the project site would cost Rs 758 crore. The estimate has now been raised to Rs 931 crore. The HSIIDC will spend roughly half of the amount on the construction of a 5.5 m / 5.5 m utility tunnel.
The Global metropolis is being built as a “digging-free city,” with all utilities housed in a “tunnel,” eliminating the need to excavate roads for utility repair, maintenance, renovation, or upgrade.
There will be no need to dig up roads on a regular basis to lay new services with this utility tunnel. The utility tunnel will allow us to extend underground services without digging roads in the future,” said HSIIDC deputy general manager Arun Garg.
The Haryana government intends to build Global City as Gurgaon’s central business area, complete with cutting-edge technology, low-carbon green infrastructure, and commercial and residential sectors.
It is a mixed-use project in which businesses can build office space, residential housing, and commercial complexes all in one location. Global City will be developed by the HSIIDC, which will also provide road, water, and other infrastructure.
To date, the state administration has held five roundtable talks in order to solicit funding for the project. Two were held in Gurgaon, two in Dubai, and one in Mumbai.
Source-ET
