With four of a total six nodal cities planned in the Delhi Mumbai Industrial Corridor (DMIC) already off the block, marketing of the project is set to begin in July.
“In four places, the land has already been transferred, EPC contracts handed over, and construction has begun. By July, we should be in a position to begin marketing them,” Abhishek Chaudhary, Vice-President, DMIC Development Corporation, told BusinessLine.
Around ₹1,500 crore has already been transferred to the various SPVs that are executing the project, and the DMICDC has been receiving a lot of enquiries from potential customers, he said, adding that the work that has begun is expected to be completed in 30-36 months.Planned smart cities
Spanning six States, the DMIC project involves setting up new planned smart cities at Dholera in Gujarat, Shendra-Bidkin (in Aurangabad) and Dighi port industrial area in Maharashtra, Vikram Udyogpuri Township at Ujjain in MP, Integrated Industrial Township in Greater Noida and Global City at Gurgaon in Haryana.
While at 154 sq km, Dholera is the largest of the six cities, the first phase involves construction of 22.5 sq km of land that has been so far acquired.
At Shendra-Bidkin, acquisition of the entire land parcel of 40 sq km for the recently christened Auric City (acronym for Aurangabad Industrial City) has been completed. The construction, however, will progress in phases and the work on the first phase of 8.4 sq km has commenced.
At Noida and Ujjain, where the projects are relatively small (747 acres and 1100 acres respectively) work will be completed in a single phase, Chaudhary said.
Speaking on the Dighi port industrial area in Raigad district of Maharashtra, a senior official of Maharashtra Industrial Development Corporation (MIDC) said that around 12,000 hectares had been notified.
“We have acquired 1000 hectares and are targeting acquiring 6000 hectares in the first phase,” the official said.