Reliance's MET City Attains Remarkable 60% Growth in FY23-24

The exceptional growth of MET City underlines the promise of reliance industrial plots and the burgeoning demand for industrial plots in Delhi NCR. End Quote

(1888PressRelease) May 28, 2024 - Reliance's Model Economic Township Limited (MET City) has achieved an impressive 60% growth in the fiscal year of 2023-24. The surge in growth is attributed to the booking of 1,079 Reliance plots across all segments, resulting in a total booking value of Rs 1,913 crore.

MET City's ongoing efforts aim to position Jhajjar as one of Haryana's fastest-growing economic destinations, further solidifying its reputation as a premier business hub and a beacon of excellence in integrated urban development. The figure reflects a boost in both demand and pricing, with industrial plot prices escalating by 24%.

According to Akshay Sehgal, "The remarkable growth of Reliance's MET City underscores the blooming demand for reliance industrial plots in the region. The sustained growth further underlines the increasing significance of industrial plots in Delhi NCR as a preferred destination for businesses seeking to establish a strong foothold in North India. Moreover, the surge in pricing emphasizes the attractiveness of the region for potential investors considering industrial plots price as a key factor in their decision-making process"

The city has solidified its position as a thriving business hub with groundbreaking initiatives such as India’s first 100% FDI in defence manufacturing by SAAB of Sweden. MET City's strategic partnerships with key players from Japan, Korea, Europe, and India reflect its commitment to fostering international collaborations and technological advancements.

The exceptional growth of MET City underlines the promise of reliance industrial plots and the burgeoning demand for industrial plots in Delhi NCR. This growth further amplifies the region's allure, reflected in the robust prices of industrial plots. MET City's success augurs well for both the economic development of Jhajjar and the future of businesses looking to establish themselves in this rapidly expanding economic destination.

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