FY 2022-23 Turns Reliance Met City Into a New Hub Of Economic Development In Haryana, 76 New Companies Set Shop, 1,200 Buy Residential Plot

MEDIA RELEASE

Gurugram, 3rd May 2023: Reliance MET City, North India’s fastest growing integrated smart city in the state of Haryana, had a successful FY 2022-23.

The year saw the city broaden its horizon as home to 450+ companies, with multiple brands from seven different nations, along with more than 2,000 residential plots sold for individual homes.

MET City has been developed by Model Economic Township Limited (METL), a 100% subsidiary of Reliance Industries Limited, as an integrated smart city. Its infrastructure is on a par with global standards and
offers ’Walk to Work‘ advantage to customers.

The industrial segment of MET City saw an addition of 76 new companies, bringing in an investment of close to Rs 1,200 crore and generating an employment potential for about 8,000.

Notable among the global companies setting shops are Hamdard, Boditech from South Korea, Nihon Kohden from Japan, etc.

In the residential segment, plotted development of three phases were successfully launched. More than 1,200 new residential customers bought plots, taking the total number to more than
2,000.

The year also saw MET City winning the coveted ‘Best Integrated Business City Award’ by NAREDCO and the ‘Most Trusted Brand of the Year’ award by Team Marksmen. These awards are testimony to the trust stakeholders have in the brand.

About Model Economic Township Limited (METL) MET City (METL) is a 100% subsidiary of Reliance Industries Limited, which is developing a world class Greenfield Smart city on over 8,000 acres’ land in the district of Jhajjar near Gurugram in the state of Haryana. MET City has obtained licenses for 1900 acres in phase 1 of its development and has already invested approx. Rs.8800 Crores on land and infrastructure works.

It has launched 5 industrial sectors, three pockets of affordable residential plotted development, and two projects for SCO. Till Date Reliance MET City has attracted huge investments from various companies located in the project and has also generated employment for over 25,000 people.

The project offers excellent connectivity to Delhi as the KMP Expressway passes through the project and is well connected to NH- 9, NH-48, NH-71, NH-10 in the NCR. Once Dwarka expressway is fully operational, it will provide excellent connectivity to international airport in Delhi.

It is also close to rail freight terminal and DFC corridor. Located on SH 15-A, the project is one of the most strategically located integrated park in national capital region.

More than 450 companies including some of the best national and international corporates have set up their bases in MET City due to world – class plug-n-play infrastructure at the township and its strategic location with excellent connectivity to the NCR region.

The project has already seen completion of trunk infrastructure comprising of power infrastructure including 220 KV substation developed by MET City, Water treatment plant, water distribution network, wide road network and extensive landscaping.

It is already adding lot of momentum to the economic development of state and region with more than 30,000 people currently employed in the 30 operational and 70 under construction companies.

Website: www.modeleconomictownship.com