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Technology Park IMT Manesar, Gurgaon, Haryana - DARSONS & KISSONS iValley

Haryana State Industrial Development Corporation State Government of Haryana Undertaking is endeavouring to promote a campus of 140 acres as a Special Economic Zone (SEZ Proposed) for Technology Parks in the Industrial Technology Parks & Industrial Model Township of Manesar, Gurgaon. Now a business hub of IT Go's and Multinationals & also IMT Manesar joint with Gurugaon (Grugaon Master Plan 2021) the draft of integrated Master Plan 2021 for Manesar-Grugaon was finally published on July 11 in Times Of India.


A 10 Acres plot allotted to Vigneshwara Developers Private Limited in the campus promoted by the Haryana Industrial Development Corporation for setting up of a Technology park for

  • IT/ ITeS, Robotics ,Nano Technology, Chip Manufacturing , Call Centres
  • Bio- Technology including Genetics ..research & Development facilities

Located 30Minutes drive from Delhi Airport and ISKms from the Gurgaon City Center. Close to 10 Lacs Sq.Fts of office , production Commercial and retail space, also a Residential tower of serviced apartments.

Operational By
The building would be ready for parallel client fit-out by October 2008. The occupancy is targeted by December 2008.
HSIDC is promoting the campus on the concept of Work, Live, Shop and Play
Some of the other highlights of HSIDC Technology park, Manesar are as follows:-

Total area
No. of Allottee
Plot No. of Vigneshwara
Other Allottees
:
:
:
:
140 Acres
14 of 10 acres each
2
 

  • HCL Limited,
  • Anant Raj Industries Limited
  • Bharti (Airtel) Limited
  • Agilent (MNC - US Based)
  • Galileo ( MNC - US Based)
  • Shapoorji Pallonji (30000 Crs. Group)
  • Softek (MNC- Vienna)
  • T-3 Infrastructures etc..
The developer has tax exempt-profits on development of teh IT park and thereafter the rental income he recelves from the occupier for 15 years!
IT companies like Infosys, TCS, simply because the date is rehable and these comapnies operate with exceptional corporate governance.A general assumption, that an employee occupies an average 100sq ft.
The tax break works out to Rs. 1,690 per sq foot per annum or Rs. 140 PSF per month (i.e. 33.6% corporate tax includeing surcharge on the average PBT Rs. 5,000 per sq ft.)the average IT park rental in the country of around Rs 35 PSF. per month even if a company pays Rs 100 per sq ft in an SEZ building it would still be more profitable than another paying Rs, 35 from a non- SEZ building.
Since large IT companies like Infosys get the SEZ status for their campus they will not be affected. present STP policy benefits and would also be on the last priority of SEZ developers to rent out space. So in a 50 acre. SEZ the non-processing area which is 60% of the space for other uses is also tax free!
The government is now thinking of limiting the number of SEZ to about 150 odd i.e. those who stood first in the queue!The simpler solution is to extend the STP so far as IT parks are concerned and keep a level.

Haryana State Industrial Development Corporation, State Government of Haryana Undertaking is endeavoring to promote a campus of 150 acres as a Special Economic Zone (SEZ) for Technology Parks in the Industrial Model Township of Manesar. Gurgaon which is now a business hub of IT Co's and Multinationals.

Nine SEZs have already been approved in principle by the Central Government. Out of these, eight SEZs would be in the private sector and one SEZ is being set up by the HSIDC over an area of about 3000 acres.

Located 30 mins drive from Delhi Airport and 18 kms from the Gurgaon City Center. Close to 1 million sq. ft. of office, production, commercial and retail space. Also a Residential Tower of Services apartments.

Facilities and Incentives
  • Being developed as 'Ready to use built-up space'.

  • Income Tax exemption to Companies manufacturing / rendering services under section 10-A of IT Act.

  • Income Tax exception to Investors, individuals under section 10 (23) G & 88 of Income Tax Act.

  • Exemption from Service Tax.

  • Manufacturing, Trading or Service activity allowed. Foreign investment permitted.

  • Designated duty free enclave and to be treated as foreign territory for trade operations and duties and tariffs.

  • No import license required.

  • Duty Free imports of Capital goods - New of Second.

  • No separate documentation required for Customs and Exim policy, in house Customs clearance.

  • Full freedom for subcontracting in Domestic Area or even abroad. No fixed wastage norms.

  • Support services like Banking, Post office, Clearing agents, etc. provided within the complex
Operational by

The building would be ready for parallel client fit-out by October 2008. The occupancy is targeted by December 2008.

HSIDC is promoting the campus on the concept of Work, Live, Shop and Play.

Total Area 140 Acres
Plot no. of Vigneshwara 2
Launch in month of June 2006
Transfer 1st Tranfer free
Expected Possession October 2008
Contact Details
Ajay Aggarwal
Jai Shree Real Estate & Developers
Property Consultants
Spl. in: Ansals, TDI, Omaxe, Parsvnath
Mob: 9312218708, 9868211311
Ph: 27017394, 27017399

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