Given its strategic location and development of infrastructure, Mohali is the city of the future and it would give a tough competition to Chandigarh in the years to come, feels Gursharan Batra, president of Chandigarh Overseas Private Limited, promoters of the Fashion Technology Park (FTP) in Sector 90 of Mohali.
“With the international airport project getting clearance and several major realtors, including Ansals, Parsvnath, Emmar MGF, and TDI, developing mega projects, the city is witnessing unprecedented urban growth and set to emerge as the favourite destination for global investors and end users", Batra told The Tribune in an interview.
“In fact, this satellite town of Chandigarh, is fast emerging as the new architecturally-planned and modern green city of India with realtors sparing thought for quality and environment. Besides, the development of infrastructure such as well-planned roads, sewerage, power and water supply by the Greater Mohali Area Development Authority (GMADA) in the 27 new sectors in the Mohali grid, is set to further make the township a favourite destinations for a cross section of people, including the NRIs.
Keeping these factors in mind, our company had decided to develop the FTP on an area of 13.76 acres in the strategically-located sector 90. The FTP aims at propelling the Indian Fashion industry into the international limelight", he said.
“It is India’s strategic response to the rapidly expanding global fashion market as the Indian fashion industry is in the process of building future brands," he asserts.
Once developed the FTP would give a further fillip to the real estate sector as the land in and around Mohali had been acquired by the major real estate players.
With large chunks of land at their disposal, the developers can plan their projects in a better way than in the neighbouring cities of Chandigarh and Panchkula, he claims.
“At the FTP, we are developing two set-ups simultaneously. One is building construction, the physical infrastructure, and the other is the business development, intellectual infrastructure. Both set-up would integrate to make Mohali the fashion capital of the country", he added.
Interestingly, the FTP is well-connected to many booming industrial centres having a large number of textile and garment manufacturing units like Ludhiana, Amritsar and Baddi besides Delhi.
Batra says that with infrastructure in place the starting of international flights from Mohali will act as a catalyst for urban development. This, coupled with the new development initiatives undertaken by the Parkash Singh Badal government for the development of Chandigarh’s periphery would only instill confidence among the investors in Mohali", he adds.
