Authorities of Gurugram Global City are Seeking Bids For Four Mixed-Use Plots

The Haryana State Industrial Infrastructure Development Corporation (HSIIDC) has also invited bids for four mixed-use plots on its Global City project in Gurugram. In fact, the four land parcels also measure 172.76 acres, officials said. 

The plots will be auctioned for commercial and residential developments in the 1,000-acre Global City, which officials said has an investment potential of $15 billion. 

HSIIDC’s Global City which is coming up in Gurugram sectors 36B, 37A, and 37B is also opposite the Dwarka Expressway. The project comes with residential zones, industrial clusters, and commercial zones. The residential planned as self-sufficient townships with a focus on cutting-edge technology industries, low-carbon green infrastructure, way of living, skilling, and employment generation. 

Plot Size 

The last date for registration is November 20, 2023, and the auction will be held on December 5. The pre-bid meeting is going to be conducted by the end of this month in Gurugram, an HSIIDC official said. 

Land Use 

The parcels measure 86.05 and 23.76 acres and are going to have 65% commercial use and 35% residential use. In fact, the 58.11-acre plot is going to have 50-50 commercial and residential development. In fact, the 4.84-acre plot is going to be reserved for institutions (Schools). 

Price

The rate for the 86.05-acre plot is rs 1,47,500 per square meter, while it is just rs 1,28,00 per square meter for the 23,76-acre plot and rs 1,21,000 per square meter for the 58,11 acres parcel. The rate of this initial category plot measuring 4.854 acres and much less, rs 56,500 per square meter, as it is specially reserved for the construction of a school. 

Facilities the Global City will offer

According to the officials, one of the major USPs of the Global City is going to a unique “Utility Tunnel” under the roads. 

This tunnel is going to be used for all types of utilities, including water, telecom, and electricity lines. Some tunnels are used by all types of utilities, including water, telecom, and electricity lines, so there will be no need for road digging to attend to faults or upgrade the utility network in the future, said officials. 

The Global City comes with dedicated pathways for walkers and cyclists. The various modes of public transport, such as the Regional Rapid Transit System (RRTS) and the Gurugram-Bawal metro corridor are likely through the city. In fact, the interstate and intercity bus terminals will be developed near the townships, which is going to boost some of the best connectivity in this region. This is going to have some of the top 60-meter-wide arterial roads and 45-meter-wide sub-arterial roads. 

The RRTS comes with a high-speed, High-Capacity railway service connected with some regional nodes in the NCR.