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Reliance MET City in Haryana's Jhajjar district exemplifies India's prowess in creating futuristic urban centers. Led by Reliance Industries Limited (RIL), the project boasts over 540 companies across diverse sectors, with a surge in plot bookings to INR 1913 crore in the past financial year. Featuring essential amenities like hospitals and schools, MET City aims to accommodate a diverse workforce while promoting a vibrant social environment and work-life balance. With a focus on sustainability, community development, and collaboration with Reliance Foundation, MET City emerges as a model for integrated, eco-friendly urban development, poised to drive economic growth and innovation in North India.Read more
Allcargo Group's subsidiary, Transindia Real Estate (TREL), is set to sell its logistics park in Jhajjar, Haryana, for INR 636.71 crore, aiming to eliminate debt. The divestment includes a 10% stake in various logistics and industrial parks, yielding INR 433.37 crore in cash proceeds. The move aligns with TREL's strategy to focus on infrastructure development and expand operations, evidenced by ongoing projects in Karnataka and potential ventures in Tamil Nadu and Uttar Pradesh. TREL's commitment to quality, innovation, and sustainability is underscored by its track record in managing 5.05 million sq ft of industrial and logistics parks across India.Read more
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In what is being construed as one of the largest warehousing deals in northern India, Blackstone has reportedly paid a sum of Rs 700 crores to Vertical Housing for their warehousing assets in Jhajjar, Haryana. The asset comprises of both operational assets and strategically located land plots that lay the foundation for potential future growth. Approximately 1.5 million square feet of the assets acquired are currently leased and functional. During the first half of 2022, the I&L industry attracted around $144 million in greenfield and brownfield assets from international and domestic firms.Read more
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