The task, assigned at a about 195 crore rupee cost, is anticipated to be finished by April 2025.
Aerotropolis, its eighth separate city, would be built on 5,500 acres on either side of the Banur-Zirakpur road, close to the Shaheed Bhagat Singh International Airport.
It will include both business and residential plots in the four pockets, extending GMADA’s Aerocity. The residential plots, which are anticipated to number 8,600, would have sizes ranging from 100 to 2,000 square yards and be priced at 40,000 per square yard.
“Aerotropolis will be built out across roughly 5,500 acres in various stages. Around 1,650 acres of grid roads will be paved in the first phase, while internal roads will be built in the second phase. The area will be used for institutional, commercial, and residential purposes, according to Rajiv Kumar Gupta, chief administrator of the GMADA.
Gupta stated that M/s SBEIPL-HRG (JV) has been selected for the grid roads contract. “The company will build the grid roads in the project’s various pockets. The conclusion of this work will give the project shape and open the door for additional building operations, he continued.
The contractor will lay the civil, public health, and electrical services because the project is composite. Planned development will be ensured, he said, as all services would be installed concurrently.
Notably, Sarvjit Singh, the then-principal secretary for housing and urban development, had directed that development work be completed prior to the introduction of any townships in 2021.
“Aerotropolis is close to the international airport and is also next to the GMADA townships of Aerocity and IT City, all of which have previously undergone development. Whether it’s for a place to live or to run a business, it’ll be one of the most sought-after locations in the future, predicted the chief administrator.
In May 2017, GMADA began the procedure for acquiring land for Aerotropolis.
In the villages of Bakarpur, Rurka, Safipur, Matran, Siaun, Manauli, Patton, Saini Majra, Chau Majra, Naraingarh, and Chhat, the land being purchased is situated on each side of the Banur-Zirakpur road.
The landowners will receive residential or commercial plots as part of the state government’s land pooling program rather than monetary compensation in exchange for their land. The monetary compensation for people who choose not to participate in land pooling ranges from 1.82 crore to 4 crore per acre, which is the largest amount offered by GMADA to date.
The project will be created by an architecture studio based in Delhi.
Source- hindustan times