Manesar, Indirapuram and Sonepat to hog the limelight after Faridabad, Noida, and Gurgaon. However, the future will see new stars shining on the NCR's horizon, namely Information Technology (IT) parks and Special Economic Zones (SEZs), Not only will they become a hub unto themselves, but they will generate employment and cause a positive impact on the surrounding real estate market.

Though, DLF is building a big IT park in Gurgaon, what is generating news these days is the proposed SEZ by the Reliance Industries Limited's bordering west and northwest Delhi. the 25,000 acre SEZ is tipped to be the largest in the country and is a result of an MoU between RIL and the Haryana State industrial Development Corporation.

The SEZ by Reliance will be in addition to the nine SEZs already approved in principle by the Central Government. Proposed to be set up on a land stretching from Garhi Harsuru in Gurgaon to Badli abutting the Farrukhnagar - Jahjjar raod, the awaited Kundli - Manesar-Palwal expressway will also pass through the area.

Apart from basic industries, the project, which is to be set up on the pattern of China's Shenzhen, will attract next generation businesses like bio-technology.
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  • Will KMP Expressway change the fortune?

    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? :)
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