Manesar, the new Gurgaon in making

Manesar in Haryana is the new hot spot for real estate developers. If the top industrial body ASSOCHAM’s recent study to be believed, industrial town Manesar in Haryana is likely to attract a massive 1 lakh crore investment apart from an additional Rs 10,000 core revenue to state exchequer and will also generate about 15 lakh skilled and unskilled jobs by 2020. 

ASSOCHAM study “Manesar-Golden city of Haryana”, jointly released by Sunil Kumar Dahiya, Co-chairman, ASSOCHAM National Council on Real Estate & convener of “Manesar Development Council” and D S Rawat, Secretary General, ASSOCHAM,  said that large  number of Japanese – small scale industries (SSIs) are likely to be shifting their manufacturing base to Manesar.

 Dhaiya said Manesar has transformed into an industrial and commercial hub with the availability of all basic services like health facilities, schools, a post office, banks, warehouses and cargo facilities, Industrial Model Township (IMT) Manesar has seen a massive influx of corporate traders, realty players, manufacturers, industrialists, and also MNC.

“Already, leading global brands like Toyota, Mitsubishi, Honda, Suzuki, etc, are making colossal investments in Manesar real estate. Also, the proposal to build an expressway to Jaipur is adding value to Manesar's real estate. Most of the topnotch builders in India like Reliance, DLF, Unitech, Raheja, Vatika, Orris Infrastructure, Amrapali, Antriksh, etc, have already bought land banks on this stretch to develop townships”, said Dhaiya.

The government has acquired 2,000 acres for the education city and is all set to make Manesar a dream destination for education. "The unique aspect of Manesar is the simultaneous development of residential complexes for both executive and non-executive staff. The HSIIDC acquired 250 acres across the national highway and has allotted it to various units for building staff quarters there. The commercial property in Manesar offer state-of-the-art office spaces, said Dhaiya.

Manesar will emerge as a Mecca of industry-specific infrastructure, service ancillaries, commercial services, and an array of other essential services. The developing area is a perfect choice for trade towers, corporate offices, industrial units and shopping malls. A flyover on NH-8, which links the residential zone with the industrial zone, has helped in making the city more alluring to end users", added Rawat.

Making of another Gurgaon

 

According to ASSOCHAM analysis, the real estate market in Manesar has been growing at a frenzied pace ever since several top MNCs moved in Manesar. Rates of commercial properties in Manesar have increased by 40-45 % in the last five months, added Dhaiya.

Manesar is also projected to have a shortfall of over 7 lakh housing units over the next few years due to steep rise in the demand of real estate, whereas the availability of authorized housing will only be around 65,000 units in the same period, reveals the ASSOCHAM paper.

The new developmental plan for Gurgaon - Manesar Urban Complex has been formulated taking into consideration the projected growth of the city up to 2025. The Gurgaon- Manesar Master Plan projects a population of around 40 lakh by 2020. With infrastructural developments taking place at a good pace, Manesar is all set to become an ultramodern city.

It is a high-potential area for actual usage and investment, as there is really no authorized housing facility available to the over two lakh executives at IMT Manesar. The USP of the project is that only 20% of the total area will be covered while 80% will be open greens, said Mr. Rawat.
The place is all set to become a vibrant commercial hub shortly. The NH-8 is being widened to an eight lane expressway, between Gurgaon and New Delhi; flyovers have been planned on this stretch, which will make the road signal-free and reduce the commuting time, adds the paper.
As per the employment opportunities, Manesar and nearby regions like Bawal, Tapukara, Neemrana, Khushkhera etc. are expected to attract nearly 16 lakh skilled and semi-skilled working people from all over the country including abroad, highlights the ASSOCHAM paper. 

Several planned SEZs around Manesar will give further push to speedier industrialisation and real estate growth of the area. The SEZ is to be developed as a modern township for manufacturing of automobiles and auto ancillaries, high precision industries, textiles, pharmaceuticals, IT industry, light engineering goods, food processing, biotech, besides services like BPOs. A number of other SEZs planned around Manesar will act as catalyst for industrial, commercial and residential zeel estate development.

Ways to go

With a view to become a Manesar biggest Industrial Hub by 2020, ASSOCHAM has further suggested certain plans to develop and upgrade existing infrastructure, these are as under:
-- The Kundli-Manesar-Palwal Expressway will improve connectivity to a number of areas in Northern, Western and Southern parts of the NCR.

-- Manesar is fast turning into one of the biggest industrial hubs of Northern India with the rapid pace of infrastructural, institutional and industrial development.

-- Emerging as a "Next Generation IT-ITeS Destination".

-- Increasing number of Industrial units are heavily investing.

-- Huge employment opportunities both for skilled and semi-skilled emerging.

-- Already listed among top prospective investment locations in India. Large number of MNCs are preferring to invest.

--  Between Gurgaon and New Delhi, flyovers have been constructed to facilitate signal free flow of traffic and commuting time from IMT Manesar to Delhi only a few minutes.