| Real Estate giant DLF Universal Ltd is going to | | | | developed for industrial use in two parts - large |
| match Mukesh Ambani’s Reliance Industries | | | | industrial zone and small industrial zone. The large |
| Ltd in setting up a 20,000-acre multiproduct | | | | industrial zone will be developed with plots of 10, |
| Special Economic Zone (SEZ) in Gurgaon. | | | | 25 and 50 acres, while the small industrial zone will |
| Senior officials of Haryana State Industrial | | | | be developed with plots of one, two and five |
| Infrastructure Development Corporation (HSIIDC), | | | | acres. |
| say the private developer have offered the | | | | The company also proposes to demarcate a |
| corporation a joint venture for the SEZ. | | | | “free trade zone” within the processing |
| “However, the project will have to be first | | | | area of the SEZ, which would lay emphasis on |
| approved by the Haryana Industrial Promotion | | | | trading of goods and commodities manufactured |
| Board (HIPB),” adds an official. | | | | within the SEZ, their packaging/ repackaging/ |
| The proposed project, which has already received | | | | exhibition and the service sector, including BPOs, |
| an in-principle approval of the Central government, | | | | IT and ITES companies. |
| is proposed to be set up on both sides of | | | | The private developer will reserve about 2,000 |
| (Gurgaon-Jaipur) National Highway 8, bisecting the | | | | acres for a commercial zone that will include |
| proposed Kundli Manesar Palwal (KMP) | | | | shops and other establishments such as hotels, |
| Expressway. In fact, the proposed DLF SEZ will | | | | office complexes and banks. DLF will also develop |
| look on to the 25,000-acre Reliance-HSIIDC joint | | | | about 20 million square feet of built-up |
| venture SEZ likely to come up in Gurgaon and | | | | infrastructure, which would include business |
| Jhajjar districts. | | | | centers, Logistics Park, warehouses and hotels. |
| The proposed DLF SEZ will be developed in four | | | | Almost 10,000 acres will be developed solely as |
| phases. The first phase of 500 acres is expected | | | | residential zone, providing all categories of houses |
| to be completed by 2009 and the final phase by | | | | for people working in the SEZ. DLF will also |
| 2018. | | | | develop about 2,000 to 3,000 acres as institutional |
| The company expects the SEZ to attract an | | | | area, providing educational, healthcare and |
| investment of Rs 1, 24,000 crore in terms of | | | | research infrastructure. |
| fixed assets like industrial, commercial and | | | | The private developer will provide connectivity to |
| residential stock. The annual export potential of | | | | the 20,000 acre SEZ by creating an arterial road |
| the project has been pegged at $10-12 billion once | | | | connecting NH 8 and the proposed |
| it is fully operational. The SEZ project will be | | | | Kundli-Manesar-Palwal Expressway during the first |
| developed through a special purpose vehicle (SPV) | | | | phase of development. DLF also proposes to set |
| promoted by DLF. | | | | up a gas-based captive power plant of 2,000 MW |
| The company has identified land on both sides of | | | | capacity at a cost of Rs 6,000 crore. |
| NH 8 for the project, and has offered to keep | | | | According to tentative company estimates, the |
| any part of the land acquired by the state | | | | land cost for the project will work out to Rs |
| government for public purpose out of the SEZ | | | | 10,000 crore. The development cost has been |
| project. | | | | estimated at Rs 6,142 crore, the cost for readily |
| The project report submitted by DLF visualizes | | | | built infrastructure at Rs 2,625 and the cost of |
| 5,000-6,000 acres of the total project area being | | | | project management at Rs 938 crore. |