Delhi-Mumbai Industrial Corridor (DMIC)

Delhi-Mumbai Industrial Corridor (DMIC)

A mega infra-structure project of USD 90 billion, financial & technical aids from Japan, covering an overall length of 1483 KMs between Delhi and Mumbai.

DMIC States -

Delhi, Haryana, Uttar Pradesh, Rajasthan, Gujarat, Maharashtra

DMIC Junctions -

Pirthala (Delhi); Rewari (Haryana); Phulera & Marwar (Rajasthan); Palanpur , Amli Rd & Makarpura (Gujarat); Gothangam & Vasai Rd (Mah.)

Query on Prospects on DMIC on Indiaspaces.com :-

POSTED BY PAWAS 20 JAN 2011

Do you have information on DMIC project and its impact on real estate market? Which area will get the boost as a part of this project. Recently, Haryana CM has announced a cargo airport on 3000 acre land after Rohtak. On one side, it touches the Rohtak and on the other side, it touches Neemrana/Bawal area. Also, lots of development are proposed on KMP expressway as part of this project. Recently, there is a exponential rise on the plot prices at Daruhera/Bhiwadi etc.

REPLY BY JEETENDER GUPTA, CEO, INDIASPACES DMIC and any other project of this level would surely affect the real estate of the affected areas. though sometimes it is in terms of short term reaction but real and lasting impact is only known by test of time. i have seen similar spurts happening and disappearing when SEZ fever was catching up. A place like Jhajjar and adjoining areas like bahadurgarh saw huge jumps in every project in the area but later it consolidated. Rudrapur went crazy and then settled. Our country is all about mob mentality rather than logics. Destiny of places would change. To post/view more queries on this subject : http://www.indiaspaces.com/blogquestion.aspx?qid=230 For all other blogs and queries check : http://www.indiaspaces.com/opinions.aspx