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What Is The MET City Project in Haryana? All You Need To Know
A 100 percent subsidiary of Reliance Industries, Model Economic Township Limited (METL) is the developer of MET metropolis, an integrated smart metropolis. Residents can ‘Walk to Work’ and take use of the city’s top-notch infrastructure.
The Haryana-based Reliance Model Economic Township (MET) had a prosperous FY 2022–2023 and is quickly emerging as the fastest-growing smart metropolis in North India. The city received seven global brands and 450 businesses in the last year. In addition, the city has broadened its horizons by selling more than 2,000 residential plots for single-family dwellings.
A 100 percent subsidiary of Reliance Industries, Model Economic Township Limited (METL) is the developer of MET metropolis, an integrated smart metropolis. Residents can ‘Walk to Work’ and take use of the city’s top-notch infrastructure.
According to ET Infra, the industrial sector of the city saw the addition of 76 new businesses that attracted investments totaling about Rs 1,200 crore and created the possibility of creating jobs for up to 8,000 people. These include Nihon Kohden from Japan, Boditech from South Korea, and Hamdard.
What is the MET City project in Haryana?
Reliance Industries Limited is the sole owner of MET City, an 8,000-acre Greenfield Smart city located in the Jhajjar area of Haryana, close to Gurugram. For its first phase, the city spent Rs 8,800 crore on land and infrastructure, and it has licences for 1900 acres. It has started two SCO projects, three residential parcel developments, and five industrial sectors.
Reliance MET City has drawn significant investments and created jobs for more than 25,000 people from different companies. Because the development project is situated along the KMP Expressway and has good access to several National Highways, such as NH-9, NH-48, NH-71, and NH-10, it has excellent connectivity to Delhi.
Additionally, this project is advantageously placed on SH 15-A, close to a rail freight terminal and the DFC route.
Thanks to its convenient location that provides easy access to the National Capital Region (NCR) and plug-and-play infrastructure, over 450 leading national and international firms have decided to establish their presence in MET City.