New Gurgaon - Report by Qubrex

Work on the expressway started in 2006. The road takes off from Kundli, the site of a recent realty boom, in Sonepat district on national highway-1 (NH-I), and passes through Bahadurgarh in Jhajjar district, the site of the Reliance Industries' proposed special economic zone on NH-10 and Manesar in Gurgaon district on NH-8. It will terminate near Palwal on NH-2.

"The government has acquired 2,000 acres for the education city and will soon invite various developers to bid for the project," said a senior Haryana government official.

The project, which will lay emphasis on infotech, biotechnology and nano-technology, has generated interest among a number of multinational companies from the IT, the ITeS and the education sector. Land prices have risen significantly in the region ever since the proposed development was announced in 2005. Real estate developers like Ansal API, TDI, Parsvnath and Omaxe have announced projects in the area.

The corporation had formed a high-level monitoring committee to overview the progress of work at the campus. The project, after completion, would bring investment worth Rs 3,600 crore to the state. Each company had been allowed to raise 15 floors and the campus would stand high among the comparatively short height of other buildings at the IMT. All the other buildings in the IMT had been allowed up to four floors only.

The 140-acre sprawling park would host a dozen big IT companies of international repute, with each securing equal space of 10 acres. The corporation is expecting to generate 50,000 jobs from the park. In view of creating pollution-free industries at the IMT, the corporation has focused on inviting industries dealing in information technology, biotechnology, neotechnology and robotic technology. Each company had been allotted land at a price of Rs 17 crore.

The companies constructing their buildings include Agilent Technologies, Anantraj, Vighneshawara, Giallilio, HCL, T-3 Infra Track, Prime Rose Bharti, Shapoorji Palanji, Rishiraj Realtors, AM Buildwell, Sofer and Arora Udyog.

Under the corporation policy, the companies had been allowed to construct residential facilities on 10 per cent area. Besides each company would be allowed to use 4 per cent area for commercial purpose and 2 per cent for recreational use. Each company would essentially use 84 per cent space for their technology centre. Under this arrangement, each company would be able to construct 100 flats in its area. These flats would be