GURUGRAM : Model Economic Township Ltd (MET City), a subsidiary of Reliance Industries Ltd, has registered a strong growth of 60 per cent in the financial year 2023-24. In the financial year, the number of properties seized across all segments was 1,079, bringing the total book value to Rs 1,913 crore in the financial year, which is nearly 60 per cent more than the previous financial year. Indian group.
From the reserve value of 468 million in 2022-23, the reserve value reached 896 billion in 2023-24. Prices are also 24 percent higher than last year. The residential segment saw significant growth with bookings at Rs 1,004 crore in 2023-24 from Rs 620 crore in 2022-23.
Compared to last year, the price has increased by 70 percent. India’s first 100 percent foreign direct investment in defense manufacturing by Swedish company SAAB was announced at MET City. The plant will produce the world-class Carl Gustaf weapon system for the Indian Armed Forces. In addition to the agreement with SAAB, the company also signed contracts with such large companies as Sanko Gosei (Japan), Svam Toyal (Japan), NeoPearl (Switzerland), Shilla CandT (Korea) and Jway (Korea), Indiamo (Belgium) , ERDA and Mark. The exhaust contract was accepted. Dood Transmission (India) said in a press release.
Mr. SV After announcing the results, Goyal, CEO of MET City and WTD said, “With plug-n-play infrastructure, IGBC Platinum certification and companies from 10 different countries, MET City has become a leading business destination in India across industries.” . This is a pioneering project in the field of sustainable development. HUF 8,000 million were invested. With strong fundamentals and an excellent cross-functional team, MET City has seen tremendous growth year-on-year and this momentum is likely to continue with more ambitious projects and achievements in the future.
Reliance has also signed an agreement to set up a city hospital and a MET school. MET City added Germany’s Beumer as a new company, bringing the number of companies from 10 different countries to more than 540.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
