Digital Haryana Summit to draw investors to Gurugram

The government has begun full-fledged preparations for the first edition of 'Digital Haryana Summit' scheduled for September 15, in a move to promote Gurgaon as a favoured investment destination and IT hub.

On August 23, Additional Chief Secretary (Revenue) Keshni Anand Arora held a meeting with officials of different departments involved and reviewed arrangements being made to ensure success of the submit. Additional Chief Secretary (Tourism) VS Kundu and Principal Secretary (Electronics and IT) Devender Singh were also present.

Arora said the objective behind the summit was to bring together industry experts, visionaries, heads of states, policy makers, academicians and corporate honchoes on a single platform to ready a roadmap for speedy growth of Haryana. Also, the summit will aim at connecting building blocks of digital governance, and promoting innovation through citizens' partnership.

"The idea is to bring together all stakeholders for scripting digital transformation of Haryana," Arora added.

Officials said the daylong summit, being organised as part of the Swarna Jayanti celebrations of Haryana, would focus on topics like governance, citizen services, mobility, smart living, startup ecosystem and entrepreneurship, data and technology.

Also, Chief Minister Manohar Lal will hold a meeting with industry leaders during the concluding session of the summit.

While National Association of Software and Services Companies (NASSCOM) will be the event partner, KPMG will be the knowledge partner.

Kherki Daula toll shift date in 2 weeks

The Centre and state government are in agreement that the Kherki Daula toll plaza has to be shifted, but all eyes are on a feasibility report that will be put before the board at the next meeting to be held 2 weeks from now.

A committee will be formed in a day or two to prepare the feasibility report which will assess the impact of the shifting of the toll from Kherki Daula to Sehrawan near Panchgaon, 11km away.

“After a high-level meeting on Kherki Daula toll shifting on 23 August, all stakeholders concurred that a committee must be formed to prepare a feasibility report which will be submitted in the next 15 days,” said Ashok Sharma, project director (PD), National Highways Authority of India (NHAI).

“The shifting has to happen for sure but the grievances of the consortium of five banks has to be addressed before the shifting. The committee will prepare a feasibility report for that purpose,” Sharma said.

Sharma will head the committee while representatives of five banks will be its members. The committee will mainly look at three things — the revenue loss from the shift, the impact on traffic volume and the legal tangles involved.

The consortium, led by Infrastructure Development Finance Company (IDFC), has State Bank of India (SBI), Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and Bank of India (BOI) as members.

The consortium had formed a special purpose vehicle — the Millennium City Expressway Limited (MCEPL) — to run the Delhi-Gurgaon Expressway from April 2014 to Jan 2023. This came after the termination of the previous operator— the Delhi Gurgaon Super Connectivity Limited — by the Delhi High Court.

S Raghuraman, chief executive officer (CEO), MCEPL, said, “From April 2014 till date, we have assessed a loss of Rs 98 crore due to toll exemption to locals of 31 villages. The exemption was not part of the agreement.”

“Also, the present volume of traffic crossing the toll averages around 75,000 per day. The shifting of the toll from the present site to the new location 11km away would definitely reduce traffic volume,” he said.

The MCEPL owns the 27.7km stretch between Rao Tula Ram (RTR) Marg and Kherki Daula toll plaza. If the toll is shifted to Sehrawan, then it would add another 11km to the road length under MCEPL’s control.

Boost of Commercial Market in Golf Course Extension Road Gurgaon

Commercial market is one of the key indicators for assessing the status of an economy. A boom in demand for commercial space implies a turnaround in market sentiment.

As per the current market scenario Commercial Property is doing well in comparison to other investment options like Plot, Floor, Apartment etc. because of sustainable growth in Commercial Property.

Rented property like – Bank, MNC Leased Office, Pre-rented retail are the first choice for the investor and investors also moving for new Commercial Project in Assured Return or CLP Plan.

We have rented property options and some of the best New Commercial projects in Golf Course Extension Road Gurgaon, which can be good investment options. Some of these projects are new launches and some of them are on possession able stage and some ready are ready to move in projects.

New Commercial Projects on Golf Course Extension Road Gurgaon

M3M 65^th Avenue Sector 65

M3M Urbana Business Park Sector 67

M3M Urbana Premium Sector 67

M3M Tee Point Sector 65