The rapid proliferation of Industrial Parks

<strong>The initiatives take by various state governments have encouraged developers to foray into multi-product industrial development park across India. Ashish Raheja, Managing Director, Raheja Universal elaborated</strong> In the last few years’ real-estate has seen a fast growth in the number

BY Realty Plus
Published - Nov 6, 2017 9:13 AM

The initiatives take by various state governments have encouraged developers to foray into multi-product industrial development park across India. Ashish Raheja, Managing Director, Raheja Universal elaborated In the last few years’ real-estate has seen a fast growth in the number of enterprises moving to industrial parks. The Government of India has already set up industrial corridors like Chennai Bangalore Industrial Corridor (CBIC) and Delhi Mumbai Industrial Corridor (DMIC) to create new manufacturing destinations and promote industrial growth. Likewise, many state governments have also been encouraging enterprises to move to industrial parks. Though the choice of city or area differs from one developer to another, it is clear that developers prefer setting up industrial areas in planned cities (Navi Mumbai, for example) to provide enterprises with modern infrastructure and good transportation access. In addition to being a part of Delhi Mumbai Industrial Corridor (DMIC), Navi Mumbai also meets the highly exacting infrastructure needs of enterprises.Besides opting for planned cities, the developers deploy world-class skilled architects and designers to ensure the final outcome meets the stringent requirements of industrial parks.   The Challenges Like any large-scale project, developing industrial parks comes with its own unique set of challenges. It’s hard to persuade small businesses and start-ups to move to the industrial park. While the basic need to ensure uninterrupted power supply to the industrial park is a must, developers must also accentuate the offering by adding high-quality lighting, elevators, air-conditioning, building automation, and power distribution systems. Also, essential is the provision of telecommunication, broadcasting, road management, industrial drainage treatment, and water and waste water treatment systems. An industrial park development project is far more complex than conventional infrastructure development projects. In addition to the extra focus on planning, continuous feasibility testing, use of latest technologies etc, developers often have to spend additional time and cost to meet the continuously evolving regulations of the state government and local authorities. The multiple rounds of clearances needed are another deterrent. The complex approval procedure and red tape dissuade many developers from building industrial parks. The central, as well as state governments need to simplify the entire process if they want more investment in industrial park development. A faster clearance process, new initiatives and focus on overall infrastructure around a proposed site would help enable faster growth in this sector. Raheja District II – A Modern Industrial Park The destination industrial park is strategically situated, a mere 30 minutes away from several significant Mumbai Metropolitan Region (MMR) locations including Chembur, Thane, Central Mumbai, Powai and more.Additionally, the project is located close to national highways, railway stations, airports and seaports. The location is also proximate to various planned future developments including the Navi Mumbai International airport and the Mumbai Trans-Harbour link. Raheja District II part 1 EDISON – A has received its BCC. The futuristic project meticulously planned layout and modern industrial units are scalable to specific requirements, making them suitable for micro, small and medium enterprises (MSME) such as engineering, production, warehousing, storage and packaging. Sprawled across 27 acres of land, it allows for a flexible blend of industries, from logistics operations, labs and testing, assembly, industrial manufacturing, service activities and many more. Facilities-Each unit has features to facilitate business activities, from loading unloading bays to transport vehicle lifts for speedy transport and eliminate time consuming process of shifting the goods from ground level to floor level. Workshops- With columns- free units and optimum floor-to-floor height of 16 feet, including loft, the project has been designed to define structural excellence at each step. While thinking at micro-level, industrial, high – strength flooring tiles, which can withstand heavy loads, have been fixed across the premium property. Similarly, the mezzanine has vitrified tiles. Connectivity -With low capital cost, ample human resources, proximity to raw materials, and dedicated access to utility services, the space fosters an environment that promotes productivity. Navi Mumbai is also hub for skilled force across industries while its central connectivity further boosts access for the workforce.

Tags : Developers Speak