Mukesh Ambani's Near Delhi-NCR City Attracts Rs 1200 Cr, Sells 2000 Plots
Mukesh Ambani's subsidiary, Model Economic Township Limited, under Reliance Industries, is in the process of constructing a cutting-edge smart city near Delhi-NCR. Referred to as MET City, this endeavor is swiftly establishing itself as Haryana's burgeoning economic nucleus. Positioned as the quickest growing integrated smart city in northern India, MET City garnered an investment of Rs 1,200 crore during the fiscal year 2022-23 from 76 novel enterprises. Beyond its economic appeal, there is a noticeable surge in the acquisition of residential spaces. With 1200 new homeowners on board, the cumulative count of sold residential plots has reached 2000 units.
The smart city, initiated by Ambani's RIL subsidiary, has already enticed 450 firms featuring a multitude of brands, hailing from seven diverse countries. Spanning a sprawling 8,000 acres, this city is being meticulously crafted by Model Economic Township Limited, a wholly-owned subsidiary of Reliance Industries. Nestled in Jhajjar, it is poised to stand shoulder to shoulder with the neighboring Gurugram as Haryana's prominent economic powerhouses. The city has garnered the presence of four prominent Japanese conglomerates, namely Nihon Kohden, Panasonic, Denso, and T-Suzuki, which have established substantial facilities within the city, further designated as a Japan Industrial Township. Notably, the city's design adheres to a "walk-to-work masterplan," while extending convenient plug-and-play infrastructure for companies setting up shop there, as highlighted by MET City's CEO, SV Goyal.
Key attractions for prospective homebuyers encompass excellent connectivity and proximity to Delhi, Gurugram, Noida, and other NCR cities. Strategically positioned along the Kundli Manesar Palwal (KMP) Expressway, it offers easy access to the Indira Gandhi International Airport in New Delhi. The company has already invested Rs 8,000 crore, with an additional Rs 1,000 crore earmarked for the forthcoming phase of development. Mukesh Ambani's new urban venture will also boast railway connectivity with the Dedicated Freight Corridor (DFC) within the Delhi Mumbai Industrial Corridor (DMIC). Families within the city can benefit from educational institutions like SGT University and The Sehwag School, founded by former cricketer Virender Sehwag. Complementing these offerings are healthcare amenities, including proximity to an AIIMS institute neighboring the Reliance MET city.
