Quote:
Originally Posted by gundnavneet
If the RIL is withdrawing their SEZ than this area would seen major setback in terms of real state prices as well as additional supply of land.
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RIL SEZ drama has been going on for some time. Approval was given in 2006 and since then two extensions. RIL wanted time till 2015 but looks like it didn't make economic sense to them. If you google you'll find RIL is having a similar situation in Maharashtra as well.
Reliance SEZ on way out, Haryana govt wants its 1,384 acres back - Indian Express
Now Hooda wants its land back:-
"Since the setting up of the project has been delayed by about six years, we asked RIL to return us our land. They have laid down some conditions but I am hopeful we will be able to get our land back. We will develop this land on our own terms and in accordance with the state’s best interests,” Hooda told The Indian Express. SEZs have failed across the world and it is no wonder that it has happened here as well. "
Does this impacts the reality prices on NPR ? Pessimism aside that's a far stretch of imagination IMHO. One is not expecting 4000+ psf apartments to be occupied by textile and automotive workers, are we ?