Gurgaon-Based Real Estate Developers Capitalize on IT


Having gained an endorsement for 52 SEZs, the highest in any single district in India, Gurgaon appears to be probably the most favorite property to real estate developers for setting up IT Parks, also.

Even the most up-to-date at the row is realty major Parsvnath Developers who has just bagged an order for growing Rs 650-crore IT Park at Gurgaon. Based on industry sources, Parsvnath would complete the project within the next two years.Emirates Heights 

At the opposite end, real estate developer DLF has also been given a nod to decide on a multi-product SEZ at Gurgaon around 20,000 acres of land.

The company also signals to demarcate a”free trade zone” within the processing area of the SEZ, which would put focus on trading of goods and commodities manufactured within the SEZ, and the service industry, for example BPOs, IT and ITES businesses. Yet another Gurgaon- based real estate developer Unitech has been running Unitech Cyber Park and also Unitech Business Park from the city quite successfully.

Not just property developers, corporate major like Reliance Industries Ltd has also expressed its optimism in Gurgaon realestate and is setting up India’s largest Special Economic Zone in Gurgaon (SEZ), that will be projected to spawn the turnover of Rs 50,000 crore at the initial year of operation. The company has forged an alliance with Haryana State Industrial Development Corporation (HSIDC) for the project.

Nevertheless, according to official asserts, these SEZs would throw enormous effect on the area economy of Gurgaon. It’s been estimated by researchers which these SEZs would generate over 20 lakh jobs in Gurgaon alone. While a few of them dutyfree enclaves will likely be quite big, a majority of them is going to be small. Meanwhile, Gurgaon is still the king of SEZs with every significantly more than 1 / 2 of this complete selection of SEZ tips to arrive because of this. Government reports reveal that out from the full total of 28 inprinciple approved SEZs for Haryana state, 18 come in Gurgaon.

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