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HSIDC has acquired 97 acres of prime
land from HUDA for the development of an IT Corridor in Panchkula.
The proposed corridor shall be located along the picturesque
backdrop of Shivalik range facing the golf course developed by HUDA
in Sector 22 of Panchkula. This IT corridor will be developed on
campus planning norms as envisaged in the new industrial policy. The
eligibility criteria for allotment of a plot to develop as a campus
lay down a minimum area requirement of ten acres alongwith an anchor
unit which will be at liberty to bring in its ventures for
sustainability and economic viability. Anchor unit will also be at
liberty to lease or rent both land and building within the campus to
its own ventures and ancillaries. A developer will also be eligible
to apply for a plot of minimum ten acres with its anchor unit
consuming not less than 30 percent of the campus area.
Each project will have a project period of five years and it shall
have to complete a minimum of 70 percent construction within this
period. The campus developer is also allowed the facility of using
10 percent land for housing, 4 percent for commercial purpose and 2
percent for recreation purpose within the campus for the workers and
staff. This IT corridor will be developed as a state-of-the-art
corridor where the architects will have to display their vision to
exhibit building marvels. When implemented, it is expected to
generate a direct employment for about10,000 trained professionals
and an equal number of avenues for indirect employment. The capital
cost of this project has been estimated at Rs.900 crore. It is also
expected that the new IT companies in Panckula will enthuse fresh
life in the township and make it more vibrant in economic and
related activities. It will also open new avenues for the trained
professionals in this region.
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