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    China’s Wanda Group submits proposal to build Rs 65,000 crore township at Sonipat in Haryana

    Image caption: Integrated industrial township Image source: vsip.com.vn www.vsip.com.vn

    One of the largest real estate developers in China, Wanda Group has submitted a proposal for setting up a green field integrated industrial township in Sonpat district in joint venture with the Haryana State Industrial and Infrastructure Development Corporation Limited(HSIIDC).  The joint venture will develop, operate and manage the integrated industrial township at Kharkhoda in Sonipat district.  The sponsors anticipate that the joint venture will catalyze investment worth Rs 65,000 crore and generate opportunities for 34,000 direct jobs.  The project at Kharkhoda would fall within the Delhi-Mumbai Industrial Corridor and the National Capital Region.  Jointly developed by Wanda Group and the HSIIDC in phases over 2,800 acres  will house companies engaged in software, automotive manufacturing, machinery, healthcare education, smart housing appliances and food processing.  A residential township integral to the project, including all civic amenities and social infrastructure, would also be created to develop a 4th generation integrated industrial township. Furthermore, a “cultural tourism city” will also be developed as part of the project.  Wanda Group is a $92-billion conglomerate whose business interests encompass shopping malls, theme parks, sports industry, and cinemas.

    Source: realty.economictimes.indiatimes.com


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