Rs. 4800 crores will be invested by invested by Haryana government for the construction of the Global City, where it has also put 150 acres land for auction as said by Mr. Vikas Gupta, Managing Director of Haryana State Industrial and Infrastructure Development.

For the development of Global City on 1003 acres of land identified on Dwarka Expressway in Gurgaon, Chief Minister of Haryana, Mr. Manohar Lal Khattar held a series of dialogue with the developers of NCR, Bangalore, Mumbai. Mr. Vikas Gupta said that the CM is very eager and involved in the development of the world class city, The work on the project will start in July. Construction of infrastructures like road and metro connectivity, helipad etc will also begin.

A similar stakeholders dialogue will be conducted by the Haryana Government in Dubai which has developed such modern cities previously.

Special attention will be paid to make the Global city sustainable and a environment friendly. It will be near to a multi modal logistic part. Walk to Work concept will be followed by allowing both commercial and residential projects making it a mixed-use project.

Global city will pull more investors as Gurugram in Haryana has already become a focal point of attraction for investors worldwide, as said by the Chief Minister of Haryana.

Mr. Sahil Vachani, MD and CEO of Max Ventures and Industries said the group applauds the leading vision of Government of Haryana to create a futuristic and global city and their big initiative to invite participation and suggestions from the key players of the market including Max Industry. This initiative can make Gurugram a leading image in international community in not just real estate but also healthcare, tourism etc. As an advanced real estate player and having the understanding of the gigantic energy consumption needed by construction, the group wants to make a positive impact o the environment. At the meeting, the realtor highlighted the requirement for government intervention and policy changes. Green building strategies should be implemented with mandatory regulations to achieve set environmental standards and certifications.

Knight Frank, which is the helping hand of HSIIDC in stakeholder consultations, has also conducted three shadow work for HSIIDC. Mudassir Zaidi, executive director of North, Knight Frank India said that the survey showed a preference for the larger plots. The project of creating a city with a city where everything is available has piqued the investor’s interest.