Last update: May 03, 2023, 4:23 PM HST
MET City has secured licenses for 1,900 acres in Phase 1 of its development and has already invested around Rs 8,800 crore on land and infrastructure works. (News18)
The year saw the city expand its horizons by welcoming more than 450 companies, with several brands from seven different countries, as well as more than 2,000 residential lots sold for single-family homes.
Reliance MET City, North India’s fastest growing integrated smart city in the state of Haryana, had a successful 2022-23 financial year.
The year saw the city expand its horizons to be home to more than 450 businesses, with several brands from seven different nations, as well as more than 2,000 residential lots sold for single-family homes.
MET City was developed by Model Economic Township Limited (METL), a wholly owned subsidiary of Reliance Industries Limited, as an integrated smart city. Its infrastructure is on par with global standards and offers customers the “Walk to Work” advantage.
The industrial segment of MET City saw the addition of 76 new businesses, bringing an investment of almost Rs 1,200 crore and generating an employment potential of around 8,000.
Hamdard, Boditech from South Korea, Nihon Kohden from Japan, etc. are among the global companies that set up stores. In the residential segment, the planned development of three phases was successfully launched. Over 1,200 new residential customers purchased land, bringing the total number to over 2,000.
The year also saw MET City win the coveted “Best Integrated Business City Award” by NAREDCO and the “Most Trusted Brand of the Year” award by Team Marksmen. These awards testify to stakeholders’ confidence in the brand.
What is Model Economic Township Limited (METL)?
MET City (METL) is a wholly owned subsidiary of Reliance Industries Limited, which is developing a world-class Greenfield smart city on over 8,000 acres of land in Jhajjar district near Gurugram in the state of Haryana.
MET City has secured licenses for 1,900 acres in Phase 1 of its development and has already invested around Rs 8,800 crore on land and infrastructure works. He launched five industrial sectors, three pockets of affordable residential development and two projects for SCO.
So far, Reliance MET City has attracted huge investments from various companies located in the project and also generated jobs for more than 25,000 people.
The project provides excellent connectivity to Delhi as the KMP highway passes through the project and is well connected to NH-9, NH-48, NH-71, NH-10 in the NCR. Once the Dwarka Expressway is fully operational, it will provide excellent connectivity to Delhi International Airport. It is also close to the rail freight terminal and the DFC corridor. Located on SH 15-A, the project is one of the most strategically located integrated parks in the National Capital Region.
More than 450 companies, including some of the best national and international companies, have established their bases in MET City due to the township’s world-class plug-n-play infrastructure and its strategic location with excellent connectivity to the NCR region. . The project has already seen the completion of the main infrastructure comprising electrical infrastructure, including a 220 KV substation developed by MET City, a water treatment plant, a water distribution network, a extensive road network and extensive landscaping. It is already giving a lot of impetus to the economic development of the state and the region with more than 30,000 people currently employed in the 30 companies in operation and 70 under construction.
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