International Land Developers, more commonly known as ILD, is an upcoming real estate development firm based in Gurgaon in the National Capital Region. The young firm has already developed and delivered Industrial, Office, Retail and Residential addresses at very strategic locations within Gurgaon since the early 1990’s.
In our interaction with the Mr. Alimuddin Rafi Ahmed, Chairman-ILD we tried to get the essence of choosing the right location for planning urban development and the factors that he would consider before conceiving a project. Mr. Ahmed explained the importance of upcoming infrastructure, social amenities in line with the growing population needs and broad economic growth agenda.
Q-How did you decide on starting a real estate development company?
A-We started our real estate business by developing an Industrial Park within Gurgaon District in early 1990’s at a time when NH-8 used to be a single lane road to Jaipur. The development of the Highway and ease of approvals promoted many Indian manufacturers to set up base in Gurgaon. Gradually, as the development plans for Gurgaon were announced, we moved our focus to developing a Commercial Development and eventually acquired residentiallands in Sector 37 C, near Hero Honda Chowk and Sohna, South Gurgaon.
Q-How did you chose on the location for the Industrial park or the Commercial Project?
A- We have been quite particular about the access to our projects and we would look at the distance to the closest Highway. Most of our developments are and would be quite accessible by roads or other modes of transport including metro lines.
The Industrial Project is located near a village called Binola with direct access on NH-8 and is about 2 KM’s from IMT Manesar (a massive Industrial development by HSIDC). The plan of widening the highway was quite ambitious and the pace at which foreign companies were setting up base in Gurgaon encouraged me to undertake the development.
For ILD Trade Centre, I was quite convinced with the Sohna Road as a future commercial hub because of the direct access from NH-8. The only other micro-market with straight access to NH-8 was MG Road, which became quite successful and saw rapid real estate development. At present Sohna Road is the largest micro-market within Gurgaon in terms of Commercial Space.
Q- What was the rationale behind choosing Sector 37C for residential development?
A-Sector 37C was the first sector in New Gurgaon under the Masterplan 2021 that was published around 2008-09. The proximity to existing residential sectors was the key reason to choose this location for our project. It is conveniently located between NH-8 and the upcoming Dwarka Expressway making it quite accessible from rest of Gurgaon and Delhi
We currently have over 3 million Sq Ft of Residential Development with a mix of High-rise Apartments, Plotted Development, Independent Floors and Neighborhood Commercial Complex in this micro-market.
The developments on Hero Honda Chowk like the 8-lane flyover and the signal free underpass would open up much faster connectivity to rest of Gurgaon.
Q- What is the development potential of Sohna, South Gurgaon as a residential market?
A- Sohna as a Master-plan was the latest extension to Gurgaon which was announced in 2014. With our experience of developing ILD Trade Centre on Sohna Road, we had witnessed the potential this micro-market offered. We were quite convinced on the location because of its proximity to the developed sectors of Gurgaon on Sohna Road, Golf Course Extension Road and Southern Peripheral Road.
The area has numerous educational institutions such as GD Goenka World School, KR Mangalam University, DPS, Apeejay Univeristy, J K Business School and many more, which provides an unmatched existing social infrastructure for residential development in the entire National Capital Region.
We are developing 3 million square feet of High Rise apartments in Sohna spread across 37 Acres within the first residential sectors of Sohna.
Q – How do you see the Gurgaon residential market over the next few years?
- We are fairly bullish on prospects of Gurgaon as a residential market. It is a city that is growing rapidly and has a global and corporate footprint. Easy connectivity to international airport, metro connectivity with Delhi and highway connectivity to major cities of North India, make it an attractive market for residential investments. Further the establishment of several Fortune 500 firms including Google, MicroSoft, CitiBank among others has brought with it a rich cosmopolitan culture to the city, similar to Mumbai or Bangalore. There are major infrastructure projects currently underway at Gurgaon and these will make the city even more desirable. Areas with current and upcoming connectivity will see good investment prospects.