The final Gurgaon-Manesar complex Development plan 2031 got approved. The plan brought mixed bag of reactions within the Realty sector. With little shortcomings, the plan in all is quite promising. With the final plan, Gurgaon and its satellite cities like Manesar, Dharuhera, Sohna etc are expected to go Northwards. This plan will bring a great buzz in both residential as well as commercial markets. Not to forget, the special economic zones (SEZs) will also get benefited by the upcoming residential projects.
The plan has projected population of 42.50 lakh and a total urbanisable area of 32988 hectares. This will bring great business opportunities for the realtors dealing in this region. Let us try to understand in brief, the plan and its effects.
What’s the Plan?
After the three trials in five years, this is the final Development Plan. The plan includes around 20 new sectors and estimates 12 new projects and 2 new townships. An area of about 50 hectares has been earmarked in sector-68B for providing housing to low and medium income group. An area measuring 215 hectares has been reserved for a University in sector-68 which shall also be exclusively set up by the Government or its agencies. Land measuring about 135 hectares has been designated as a Bio-Diversity Park. A 90 metres wide road has also been proposed in the Development Plan connecting the Development Plan of Gurgaon-Manesar Urban Complex up to Sohna.
This plan will bring development in the areas like Dwarka Expressway, Golf Course Extension Road, Faridabad, Nothern Peripheral Road (NPR), Manesar, Dharuhera and outskirts area like Kundli, Sonipat, Ballabhgarh, Palwal and more.
Not just this, development plan 2031 will make the millennium city grow till Dwarka.
The Effects:
Nothing in this world is perfectly right or perfectly wrong. Same goes with this plan, with few shortcomings the plan will bring a great development in Gurgaon and areas around.
If we talk about the development, it has already started. The Sohna road in Gurgaon has already started to emerge as an IT Hub. This development will not only affect the satellites city but is said to reach till Bhiwadi. Bhiwadi is a residential hub at present and this will attract more industries to set up their offices/ factories in the areas nearby.
All this has made Realtors really happy. Gurgaon, in the coming months will experience a great boom in the Real Estate sector. With all this there is a missing link as well. The government has allotted 250 hectares of land per person which will force the builders to develop larger units. This will ultimately make the units unaffordable for the potential customers.
But overall the plan is quite progressive and will surely boost the lost real estate trend.
Property in Gurgaon
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