REG and SuryaCon jointly perform ‘Bhoomi Poojan’ of Mohali Industrial Economic Zone (MIEZ)
REG and SuryaCon jointly perform ‘Bhoomi Poojan’ of Mohali Industrial
Economic Zone (MIEZ)
The ambitious MIEZ project of Royale Estate Group (REG) to be ready
within six months: SuryaCon
REG inks development agreement with SuryaCon to develop MIEZ
Babushahi Bureau
Mohali, February 15, 2023: The ceremonial ‘Bhoomi Poojan’ and
groundbreaking ceremony of Mohali Industrial Economic Zone (MIEZ), a
flagship project of Royale Estate Group (REG) on Banur-Tepla Road, was
performed amid the chanting of holy Vedic Mantras.
The pious occasion was attended jointly by the top management of REG and
SuryaCon, staff, investors, and channel partners.
“The Bhoomi Poojan and ground-breaking ceremony is a watershed moment
in the journey of REG. REG has also entered into an understanding with
Surya Contractors Pvt Limited to build and develop MIEZ,” said Parveen
Kansal, Chairman and Managing Director (CMD), REG.
Adding further, Parveen said that MIEZ is an ambitious 250-acre industrial
project, which will be built in a phased manner, and in Phase 1, 100-plus
acres will be developed. Residential and commercial facilities shall be added
in the next phase, he said.
Rajesh Mittal, Director of Surya Contractors Pvt Ltd, said, “We are extremely
delighted to have joined hands with REG. We are going to use the best of
architectural expertise and design to create MIEZ. We are determined to
complete the project within six months. We will build robust infrastructure
within MIEZ, which will be perfect for heavy vehicles of the industrial units that
will come up in MIEZ.”
It is pertinent to mention that Surya Contractors Pvt Ltd, an ISO 9001:2015
certified company, is headquartered in Mohali.
Ashish Mittal, Director of REG, said: “MIEZ land is strategically located on
NH-205-A Manali, Ambala-Delhi highway. It is connected to NH-7 and NH-1
and has states like Punjab, Haryana & Himachal Pradesh adjoining it. It is
near the Mohali International Airport and it is near Dry Port at Sambhu. It is
also very important to add that many industrialists from Chandigarh and
Mohali have expressed their interest to set up their factories at MIEZ very
shortly.”
Neeraj Kansal, Managing Director, REG, said, “We humbly put on record our
gratitude to Chief Minister of Punjab, Bhagwant Mann ji, and his entire team
for expediting necessary approvals for the project. MIEZ, is in sync with the
vision of Invest Punjab. Several enterprises have already decided to have
their setup at MIEZ.”
Piyush Kansal, another Director of Royale Estate Group, said: “MIEZ will be
ultra-modern and will have an Effluent Treatment Plant (ETP), Solid Waste
Disposal, Skill Development Centre, R & D Centre, Tools and Equipment
Room, and all type of civic amenities.”
Units being set up are slated to get many benefits under Invest Punjab. These
include 100 percent exemption of Stamp Duty, 100 percent exemption of
electricity duty for seven years, 100 percent exemption from property tax and
much more.
The idea behind MIEZ is also to provide a perfect and central place for setting
up MSMEs’. The added advantage of having an MSME unit in MIEZ will be
subsidies on total project cost on most of the sectors available, collateral-free
bank loans and more.