{"id":811,"date":"2019-09-12T10:09:59","date_gmt":"2019-09-12T04:39:59","guid":{"rendered":"http:\/\/www.orionrealtors.com\/blog\/?p=811"},"modified":"2023-09-15T12:57:07","modified_gmt":"2023-09-15T07:27:07","slug":"gurugram-development-body-to-rope-in-realtors-for-construction-of-spr","status":"publish","type":"post","link":"https:\/\/www.orionrealtors.com\/blog\/gurugram-development-body-to-rope-in-realtors-for-construction-of-spr\/","title":{"rendered":"Gurugram development body to rope-in realtors for construction of SPR"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em>The development authority, according to sources, has already held a meeting with a few developers and urged them to share the project cost and help with the design.<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>GURUGRAM:<\/strong> The GMDA will rope in developers for the redevelopment of Southern Peripheral Road (SPR) and carry out the project along the same lines of Golf Course Road, which was developed with the help of DLF.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The development authority, according to sources, has already held a meeting with a few developers and urged them to share the project cost and help with the design.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The authority has invited suggestions from multiple developers and a meeting was held over the weekend, an official said. The meeting saw participation of developers like M3M India, Ireo World, Tata Realty and Infrastructure and Adani Realty apart from senior GMDA officials.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The authority has given these developers three weeks\u2019 time to revert with their suggestions on the detailed project report (DPR). \u201cThe developers have been asked to share their suggestions on the design. We will consider these suggestions depending on their relevance. Also, they have been urged to share the project cost,\u201d said a senior GMDA official.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">  <a href=\"https:\/\/www.orionrealtors.com\/gurgaon-sector-maps.php\">Gurgaon Master Plan<\/a> &#8211; <a href=\"https:\/\/www.orionrealtors.com\/gurgaon-sector-maps.php\">Gurgaon Sector Map<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another GMDA official confirmed the reports. \u201cThere may be suggestions for a U-turn or extension at some junctions for the benefit of people living in some highrises. We will consider these suggestions, but we are not bound to incorporate these changes,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TOI also spoke to a few developers who confirmed that they have been approached by GMDA for suggestions on the design and redevelopment of SPR. \u201cWe will be providing our inputs within the stipulated time frame,\u201d said Tarun Mehrotra, business head, north and east India, Tata Realty &amp; Infrastructure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another developer confirmed that GMDA has proposed to adjust the pending external development charges (EDC) against the project cost. \u201cSome developers have to pay EDC dues, and GMDA has made a proposal to adjust that against the project cost,\u201d a representative of yet another city-based developer said on condition of anonymity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The same model was adopted for the development of Golf Course Road as well, where the government had adjusted DLF\u2019s pending EDC charges against the project cost.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Developers such as M3M and Ireo have many projects along SPR. \u201cM3M has several projects on Golf Course Road Extension, which is part of SPR. These projects include M3M Golf Estate, M3M Merlin, M3M Urbana, M3M Tee Point and M3M Cosmopolitan. The construction and widening of the stretch from four to six lanes will benefit residents in the area and even commuters,\u201d said Pankaj Bansal, director, M3M Group.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The state government had approved the project report of SPR redevelopment just last week. The project would cost the government Rs 230 crore, and will be ready within a year and a half from the day the work begins. The road will have two flyovers and three underpasses. While the underpass at Vatika Chowk will be developed by NHAI, rest of the project will be executed by GMDA.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source:  <br><a href=\"https:\/\/realty.economictimes.indiatimes.com\/news\/infrastructure\/gurugram-development-body-to-rope-in-realtors-for-construction-of-spr\/71058086\">https:\/\/realty.economictimes.indiatimes.com\/news\/infrastructure\/gurugram-development-body-to-rope-in-realtors-for-construction-of-spr\/71058086<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development authority, according to sources, has already held a meeting with a few developers<\/p>\n","protected":false},"author":1,"featured_media":857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7,4],"tags":[85,84,86],"class_list":["post-811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial","category-real-estate-news","category-residential","tag-gurgaon-construction","tag-rope-in-realtors","tag-spr"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gurugram development body to rope-in realtors for construction of SPR - Latest Gurgaon Real Estate News &amp; Daily Market Updates<\/title>\n<meta name=\"description\" content=\"Latest Real Estate Investment News Gurgaon Property Market. 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