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  Manesar: Destination Next    
 

Gurgaon Property News: Suburbs of satellite towns are riding high on the realty boom. Sumit Jha explores the potential in Manesar, the suburb of Gurgaon.

Property business in NCR started with market expanding to Delhi’s suburbs. But that’s passe, now the real estate business has reached its second phase of development. Beyond Delhi’s suburb market has moved now to Manesar, Gurgaon’s suburb. Couple of years back no one could have imagined Manesar as a real estate destination.

 
 

Strange, but true, Manesar’s inclusion in the new master plan has made it a hot property market. Thanks to the new master plan, Manesar, known as an industrial area has become an integral part of Gurgaon. And, if the optimists are to be believed, Manesar will soon overtake Greater Noida.

Industrial Model Township (IMT) is a 1,750-acre ultra modern Integrated Industrial Park that was initially planned as a joint venture of the Centre, Haryana government and a Japanese company. But it was finally taken over by the HSIDC in 1997 to be developed exclusively as an industrial area. IMT is strategically located along the National Highway 8, linking Delhi and Jaipur and is just 17 kms from Gurgaon. It is one of its kind in the country and was conceived to provide services and facilities that would place the state on a global map of industrial competitiveness.

Manesar has been developed in four phases. HSIDC has developed 1,750 acres of land in phase I, while work is in progress in Phase II (180 acres) and Phase IV (650 acres). HSIDC has allotted phase III (600 acres) to Maruti Udyog Limited for their expansion project.

Manesar is an integrated and independent industrial town having all the basic infrastructure to facilitate industrialisation of the area. The facilities include hi-tech Telecommunication, 220KV Substation, water supply, sewerage disposal, helipad, shopping arcades, health centres, schools, metallic roads, Golf Course and Clubs. 32 kms from the IGI airport and 45 kms from Connaught Place Manesar is well connected with Delhi and Gurgaon. Manesar is a natural choice for both entrepreneurs and employees working there. It is not surprising why investors from Japan, France and UK have already set up about 450 industrial units at Manesar. Some of the industrial units functioning in Manesar are Honda Motorcycle & Scooters India, Hero Motors Ltd, NHK Napino Auto, Samsung Telecommunications, Denso Haryana, Maruti Suzuki Metal, Frigo Glass, Baxter India, Johnson Matthey, Bundy India, Munjal Showa, Mitsubishi Electricals and many more. With industrial units employing thousands of people, there is no dearth of buyers for the residential projects. It takes about 20-25 minutes to drive to the Indira Gandhi International Airport, New Delhi. 5 Star Hotel, Golf Course, Business Conference facilities, Super specialty hospital, Helipad and many others are soon to come.

After the authorities have hired RITES as their consultant to audit the condition of roads within Gurgaon, the quality of roads can only be expected to improve. RITES will conduct quality-control tests to ascertain if the required standards have been followed while laying the roads. Money to contractors will be released only after they come clean on quality control tests. So far their own engineers and technical staff checked and approved the payments. With conditions like clearance from third party (RITES) in force, roads can only improve.

Impact of Master Plan

Manesar is an important beneficiary of the master plan. It suddenly became hot in realty market, the moment the new master plan was announced. Under the integrated master plan, residential sectors in Manesar have increased from one to four. Earlier, sector-I measuring 250 acres of land, located left to the National Highway 8, while traveling from Gurgaon to Jaipur, was earmarked for both Executive Housing and Non-Executive Housing. Similarly, Sector-2, located in the main complex to the right side while going from Gurgaon to Jaipur, was marked for institutional and commercial complexes. It has HSIDC’s office, housing for all the industry related government departments, trade towers, provision for the financial Market and other institutional and commercial facilities. The increase in residential sectors through the new master plan is targeted at employees of the MNCs who can stay in proximity to their work places. Those who have the experience of commuting in Delhi would prefer these residential sectors in order to avoid harrowing time during endless traffic. Last heard that a residential area spread over 900 acres is coming up here for the employees of MNCs and HSIDC.
With an established industrial area, better connectivity and sudden availability of land, Manesar has become an enticing spot for developers.
The proposed, Rs 1,800-crore Kondli-Manesar-Palwal Express highway will further boost the real estate development in Manesar. This Express Highway is the largest single road contract awarded to any contractor across the country.
Manesar as a truly planned city with all required amenities like entertainment house, social infrastructure, intra city commuting available. HSIIDC had recently auctioned three prime commercial tower sites of IMT. The three sites have an area of 6804 sq meter, 5832 sq meter and 6804 sq meter.
Other features of Manesar include an auctioned plot for service apartments and a budget hotel. A technology park spread over 140 acres is being developed in Sector-8. Sites of 10 acres each have been allotted to 12 companies. HSIDC is also developing a golf course. A club is already running. HSIDC has also planned to develop 3 star to 5 star hotels and a hospital with 100-beds. Various SEZs are coming up in the area around Manesar.
Apart from being one of the best industrial area, Manesar is seeing a multidimensional development be it developing education and research facilities, establishing social infrastructure or starting entertainment zones. Manesar already have a resort, heritage village, the National Security Guard (NSG) head office and the National Brain Research Centre, which attracts both MNCs and the general public. A National Law Institute at IMT Manesar is also proposed to be set up by the Central Government.
Facilities for Manesar
Trade Tower
Office Buildings Fire Station Skill Development Centre Police Station Shopping Malls Parking space with all facilities such as Repair Shop and Service Station etc. Health Facilities School Sites Sites for Post Office/Banks and other Financial Services. Conference Centre, Seminar Facilities etc. Warehousing & Cargo Facilities.

 
 

Source: times of india

 

 

 

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