If the realty sector in Haryana was looking for some good news to lift its sagging sentiments, this is the one which is most likely to achieve this objective. In the recently concluded conclave of Happening Haryana Global Summit, investors have promised a mammoth Rs 5.85 lakh crores of investments. This is an impressive performance of the state which has not lost the investment sheen despite the recent turbulent agitations. Out of the total 357 MoUs signed, the realty sector accounted for investments worth Rs 1.6 lakh crores, which is almost 27 percent of total investment promised.
This is expected to boost the realty sector further as 22 realty sector giants have shown interest to develop different property products in different cities of the State. Some of the prominent names are of Puri Constructions, Supertech, Raheja, M3M, Omaxe, Vatika, Ireo and Jindal Realty. The largest investor was M3M with its proposed investments of Rs 45,365 cr, almost one-fourth of the total realty sector investment. The investment of M3M would be Rs 9000 cr in Housing for All scheme under Pradhan Mantri Awas Yojana, Rs 26000 cr in development of a new smart city in Gurgaon and Rs 8000 cr for other realty projects.
Supertech will chip in with investments of Rs 5706 Cr in affordable home projects and townships, DLF with Rs 20000 Cr and Jindals with Rs 1800 Cr in four projects at Sonepat and Kurukshetra.
Given the fact that there has been commissioning of KMP Expressway, near completion of Dwarka Expressway, move of State Government to set up RERA, putting in place of a system of fast track clearance of projects by HSIIDC, the stage is set to give a new lease of life to the real-estate sector.
To check for details of the Summit, please open the following presentation.