27 members of NAREDCO a builder’s body have promised to invest Rs 90,000 crore in Haryana in coming next 5 years, by realty majors DLF and M3M.
The memorandum of understanding were contracted between the members of National Real Estate Development Council and the government of Haryana in a newly conducted summit named Happening Haryana Global Investors Summit in this year of March.
DLF promised to invest Rs 20,000 crore while M3M Group will invest Rs 45,365 crore in next 5 years. Top 10 companies like Suncity Project with Rs 4,662 crore, Orris infrastructure with Rs 8,000, Satya developers with Rs 2,300 crore, Ansal properties and infrastructure with Rs 2,370 crore, Jindal Reality with Rs 1,800 crore, Express projects with Rs 1,500 and Conscient Infrastructure with Rs 1, 210 crore investment.
Praveen Jain, president of NAREDCO said that the main focus is on affordable housing in Haryana including investment in residential and commercial sectors.
Realtor’s body has wished to central government to include Gurgaon in 1-00 smart city project.
Haryana Government has decided to increase floor area ratio to double for construction buildings in the area of surroundings proposed large extension of Metro lines in Gurgaon.
NAREDCO has witness changes in top level recently. The new chairman of realtor’s body Rajeev Talwar in April, CEO of DLF, Parveen Jain , was elected for the post of President of the NAREDCO in last year of September, CMD of Tulip Infratech.