Reliance MET City Gets a New CEO and ₹8,646 Crore in Investment Commitments (September 2026)
Last updated: September 18, 2026.
Reliance MET City, the Model Economic Township Limited (METL) project in Jhajjar backed by Reliance Industries, has a new Chief Executive Officer. Manish Jaiswal’s appointment was announced in mid-September 2026, roughly three months after MET City disclosed Rs 8,646 crore (Rs 86.46 billion) in fresh investment commitments from companies already inside the township. Neither development changes anything about plot pricing, availability or RERA status covered in our other MET City guides — but both are genuine, sourced signals about the township’s momentum that buyers evaluating a long-term township investment may want to know about.
What’s Confirmed: A New CEO at Reliance MET City
Manish Jaiswal has been appointed Chief Executive Officer of Reliance MET City, per multiple trade-press reports dated September 14–15, 2026, including HR Katha and Afaqs. As CEO, Jaiswal is tasked with overseeing MET City’s industrial, residential and commercial development and leading its overall business and growth strategy — specifically, attracting investment and enterprises, strengthening the development pipeline, expanding the integrated ecosystem across asset classes, and managing strategic partnerships as the project scales.
In a statement carried by Afaqs, Jaiswal said: “I am happy to join Reliance MET City at an exciting stage of its growth. The scale and ambition of the development, coupled with its strategic location and strong infrastructure, present a significant opportunity to build a globally competitive commercial hub and urban destination.”
Who Is Manish Jaiswal?
Per HR Katha’s reporting, Jaiswal brings over 20 years of real estate experience spanning business strategy, development, revenue growth, sales and marketing, land transactions, fundraising and partnerships. Immediately before joining MET City, he was CEO of Eldeco Group, where he is reported to have driven multi-city growth across North India. Earlier in his career, he led Tribeca Developers as CEO and was connected to Trump-branded real estate ventures in India. We have not independently verified every detail of this career history beyond what’s reported in trade press, and have not found a corresponding official biography on MET City’s own site as of this writing.
What Happened to the Previous Leadership?
This is worth flagging plainly because it’s easy to get wrong from headlines alone. A Construction World report dated June 5, 2026 — about the Rs 8,646 crore investment commitments covered below — quoted “CEO Shrivallabh Goyal.” In the September 2026 announcement of Jaiswal’s appointment, Goyal is quoted again, but identified as “Whole Time Director, Reliance MET City,” welcoming Jaiswal: “Manish brings a strong combination of business leadership, real estate expertise and a proven track record of scaling businesses and driving growth.”
We can confirm the title change between these two dated reports; we cannot independently confirm the internal reasoning or timeline behind it, and no source we found frames this as anything other than an ordinary leadership addition. Buyers verifying MET City documentation should note that Goyal remains associated with the project in a senior role, not that he has departed.
The ₹8,646 Crore Investment Push: Context From Earlier in 2026
On June 5, 2026, Construction World reported that Reliance MET City and companies that have already acquired plots within the township had committed Rs 86.46 billion (Rs 8,646 crore) toward new manufacturing facilities and expanded operations, under Haryana’s “Made in Haryana Industrial Policy 2026.”
| Detail | Figure / Fact |
|---|---|
| Investment committed | Rs 8,646 crore (Rs 86.46 billion), per MoUs |
| Who is investing | Reliance MET City and companies that have acquired plots within the township |
| Sectors covered | Automotive and auto components, electronics, defence, medical devices, footwear, packaging |
| Expected jobs | Over 33,250, per the developer |
| Policy framework | Made in Haryana Industrial Policy 2026 |
| Companies at MET City (as of June 2026 report) | “More than 650 companies from 12 countries,” over 40,000 existing workers, per CEO Shrivallabh Goyal at the time |
| Completion timeline | Not specified in the source report |
These company-count and employment figures (650+ companies, 12 countries, 40,000+ workers) are close to but not identical with the “600+ companies from over 10 countries” and “40,000+ jobs” figures MET City’s own site states, which we cite in our main Reliance MET City guide (checked August 2026). The two sets of numbers are consistent in scale and likely reflect the same underlying growth reported at slightly different points in 2026 by different sources — but they are not identical, so we’re presenting both rather than merging them into one figure.
What This Means for Buyers and Investors
Treat this as a scale-and-momentum signal, not a pricing or timeline signal. Nothing in either the CEO appointment or the investment disclosure tells you anything about current plot prices (see our Reliance MET City plot price guide for that, which has no official developer price list to draw on either), sector-specific RERA status, or possession timelines. What it does tell you:
- A large, named batch of tenant companies across six distinct industrial sub-sectors have formally committed fresh capital to the township as of mid-2026 — a concrete data point for the “is the industrial base real” question we raise in our main guide.
- MET City brought in outside leadership (from Eldeco Group, not a Reliance-internal promotion) specifically to run growth and partnerships, which is generally a signal that a developer intends to keep scaling rather than plateau — though this is inference, not a developer statement of intent.
- None of this is a guarantee of future plot appreciation, faster possession, or improved resale liquidity. Those depend on execution over years, not on a single leadership or investment announcement.
What We Could Not Verify
We found no official press release on MET City’s own site (metcity.in) covering either the CEO appointment or the Rs 8,646 crore investment figure at the time of writing — both are sourced from trade and business press (HR Katha, Afaqs, Construction World, and corroborating coverage from EPC World and Medianews4u for the CEO appointment). We treat trade press as tier-six sourcing under our own source hierarchy, below the developer’s own disclosures and government/RERA sources; we’re flagging that distinction rather than presenting these as developer-confirmed statements. We also could not verify which specific companies, beyond the sector categories listed, are behind the Rs 8,646 crore commitment, or a specific completion date for the associated facilities.
Frequently Asked Questions
Who is the new CEO of Reliance MET City?
Manish Jaiswal, appointed as announced in mid-September 2026. He was most recently CEO of Eldeco Group and previously CEO of Tribeca Developers.
What happened to Shrivallabh Goyal?
Goyal, identified as CEO in a June 2026 report, is identified as Whole Time Director in the September 2026 announcement of Jaiswal’s appointment. He remains associated with the project; we found no report of his departure.
How much has been committed in new investment at MET City?
Rs 8,646 crore (Rs 86.46 billion) in MoUs, reported June 5, 2026, from MET City and companies that have already acquired plots there, spanning automotive, electronics, defence, medical devices, footwear and packaging.
Does this affect Reliance MET City plot prices?
Not directly or verifiably. Neither announcement includes pricing information. See our dedicated plot price guide for current broker- and portal-sourced price ranges.
Is this investment commitment officially confirmed by Reliance MET City?
The figure is attributed to CEO Shrivallabh Goyal in Construction World’s June 2026 report. We could not locate a matching official press release on MET City’s own site, so we’re citing it as trade-press-reported rather than a direct developer disclosure.
Related Reading
For MET City’s location, connectivity and what to check before buying, see our main Reliance MET City guide. For pricing, see our plot price guide. For a due-diligence checklist covering documentation and sector-specific risks, see Reliance MET City: Risks and Red Flags.
Exploring Property at MET City?
Gurgaon Floors can help you explore relevant opportunities in and around Reliance MET City, subject to availability and verification. See our Reliance MET City properties page for currently notified opportunities, or contact Gurgaon Floors directly.
This article reports on third-party trade-press coverage (HR Katha, Afaqs, Construction World, EPC World, Medianews4u) dated June and September 2026, cross-checked across multiple outlets where possible. We found no matching official press release on Model Economic Township Limited’s own site as of publication. Figures and titles can change; verify current leadership and any investment claims directly with MET City before relying on them for a transaction decision. This is not investment advice.