The $100-billion Delhi Mumbai Industrial Corridor will kick off land allotments next month and those eyeing plots are said to include big global investors like Ikea, Kia Motors and China Railway Construction Corp, reports the Economic Times.
The project was approved by the Cabinet in 2011. Other potential investors include German wind turbine manufacturer Senvion, Korean Land & Housing Corp and Chinese real estate company Country Garden, said the report, quoting a person with knowledge of the matter. The land will be fully developed with world-class infrastructure, a big attraction for investors ready to pay a premium for clean titles in four brand new industrial cities being developed as part of the project.
The Delhi Mumbai Industrial Corridor Development Corp. (DMICDC) has received several queries about available land with many asking for assurances of litigation-free land in the past few weeks, said the source quoted in the news item.