The buzz around the Kundli-Manesar-Palwal belt is set to get louder with the KMP Expressway getting the financial closure from the Haryana State Industrial and Infrastructural Development Corporation(HSIDC) on 6th January, 2007
With 98% of the groundwork in terms of land acquisition on this 135.6 km expressway already underway, the Special Purpose Vehicle (SPV) executing this access-controlled expressway is targeting completion by July 2009.
The Global Urban Corridor will change the fortunes of the local population, and trigger real estate to higher levels, with Special Economic Zones (SEZ), independent townships, Industrial Model Townships (IMT) Food Processing Units, financial hubs, tourist resorts, and satellite dwelling units taking shape.
Investors have been apprehensive of real estate movement lately – whether the boom is about to go bust.
But with this project getting the final nod from the HSIDC, can we hope to see a sustained growth in the near future?
