Saturday, March 23, 2013

Sohna Master Plan Boost Realty Market

The Haryana government has notified the Gurgaon-Sohna Master Plan, 2031, which is expected to streamline and regulate the burgeoning real estate market of Gurgaon. With the approval of this new master plan several residential, commercial and industrial projects are expected to be launched here in the near future. 
More than 20 new sectors have been notified in the new master plan.The new master plan for Sohna has sanctioned the development of 6,110 hectares, which would have a density of 300 people per hectare; the plan has been prepared for a projected population of 6 lakh people by 2031.Over 28% of the area would be developed for residential sectors while 20% has been earmarked for industrial purpose. 
The 1,483km-long Delhi-Mumbai Industrial Corridor (DMIC) is located close to this place and this mega infrastructural project along with its industrial estates, along with the KMP corridor, will add to the value of investments here.Under the new master plan,
 2,600 acres has been reserved for green and open spaces and 5,000 acres for residential and commercial development in over 20 sectors. Apart from this, 1,600 acres is to be developed for an IMT (Industrial Model Township) by the Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC).

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