GURUGRAM: The Global City challenge in Garhi-Harsaru, in the beginning envisaged as an SEZ by way of the INLD executive in 2003, has hit but any other roadblock, on account of differences between the 2 stakeholders, with Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) now not agreeing to the valuation of land at the proposed web site requested by way of the land owner, Haryana State Industry and Infrastructure Development Corporation (HSIIDC).
The challenge, being evolved underneath the Delhi-Mumbai Industrial Corridor, used to be previous expected to be introduced by way of the state executive right through the Haryana Swarna Jayanti celebrations in 2017. According to highly-placed sources inside HSIIDC, DMICDC is expected to take a position at least 50% of the land value of the challenge, since the latter has a 51% stake in the three way partnership, however the firms are but to come back to a consensus over the price of the land underneath discussion.
"HSIIDC is facing a liquidity crunch, and expecting a good price for the land it sells DMICDC for the Global City project. But despite prolonged discussions, there hasn't been any consensus on the price between the partners, which has put the project behind schedule," stated a senior authentic, requesting anonymity.
In 2003, the INLD executive had got 1,383 acres in HSIIDC's account for the SEZ challenge. In 2006, it used to be transferred by way of the then Congress executive to Reliance, which in the end sponsored out in 2014. In 2016, the BJP executive introduced the Global City challenge on the similar land, in affiliation with a Japanese participant and DMICDC. The ultimate plan puts land requirement for the challenge to just about 1,000 acres, requiring DMICDC to shop for nearly 500 acres from HSIIDC.
Interestingly, HSIIDC had recently introduced that it could be auctioning 100 acres it had previous got for the Global City challenge. Bids were invited for 20 acres in the first spherical of several projected auctions. Sources stated the public sale used to be in truth a value discovery bid by way of HSIIDC, because it does now not have an idea of the current land value in the house. Once bidding began, the HSIIDC MD held the precise to cancel it without giving any causes. Unfortunately, the 20 acre plot did n't receive a single bid.
The challenge, being evolved underneath the Delhi-Mumbai Industrial Corridor, used to be previous expected to be introduced by way of the state executive right through the Haryana Swarna Jayanti celebrations in 2017. According to highly-placed sources inside HSIIDC, DMICDC is expected to take a position at least 50% of the land value of the challenge, since the latter has a 51% stake in the three way partnership, however the firms are but to come back to a consensus over the price of the land underneath discussion.
"HSIIDC is facing a liquidity crunch, and expecting a good price for the land it sells DMICDC for the Global City project. But despite prolonged discussions, there hasn't been any consensus on the price between the partners, which has put the project behind schedule," stated a senior authentic, requesting anonymity.
In 2003, the INLD executive had got 1,383 acres in HSIIDC's account for the SEZ challenge. In 2006, it used to be transferred by way of the then Congress executive to Reliance, which in the end sponsored out in 2014. In 2016, the BJP executive introduced the Global City challenge on the similar land, in affiliation with a Japanese participant and DMICDC. The ultimate plan puts land requirement for the challenge to just about 1,000 acres, requiring DMICDC to shop for nearly 500 acres from HSIIDC.
Interestingly, HSIIDC had recently introduced that it could be auctioning 100 acres it had previous got for the Global City challenge. Bids were invited for 20 acres in the first spherical of several projected auctions. Sources stated the public sale used to be in truth a value discovery bid by way of HSIIDC, because it does now not have an idea of the current land value in the house. Once bidding began, the HSIIDC MD held the precise to cancel it without giving any causes. Unfortunately, the 20 acre plot did n't receive a single bid.
Global City hits new hurdle as govt agencies differ
![Global City hits new hurdle as govt agencies differ]()
Reviewed by Kailash
on
January 30, 2018
Rating:
