10 times return in 10 years; this Indian city has become new hotspot for real estate, not Noida, Gurugram, Mumbai, name is...
New Delhi: The Dholera Special Investment Region (DSIR) in Gujarat, which is a planned smart city developed under the Delhi-Mumbai Industrial Corridor, has seen a nearly tenfold increase in land prices over the past decade due to increased interest from investors.
According to Lalit Parihar, founder and MD of IG Group, available data shows that land prices in Dholera under the Town Planning (TP) schemes have risen from 700 rupees per square yard to now 7,000-10,000 rupees per square yard. In other town planning schemes, rates have also reached 3,000 to 7,000 rupees per square yard, which is clear evidence of a tenfold increase in land prices over the past 10 years.
According to Rituras Singh Chudasama, a partner at Infinity Infracon located in Dholera, major infrastructure projects such as the international cargo airport and the Ahmedabad-Dholera expressway will become operational by 2025, which will accelerate Dholera's development.
Developers indicate that the 109 km long expressway is being constructed rapidly. Meanwhile, projects like the Bhimanath-Dholera broad gauge railway line and the Vande Metro will further enhance connectivity.
Lalit Parihar noted that now, as these infrastructures are becoming visible on the ground, investors' confidence has reached high levels, and the rising land prices are a reflection of this confidence.
This figure further supports Dholera's emergence as a high-potential real estate destination. Dholera SIR is rapidly emerging as a major investment hub, attracting investments from over 100 companies, including Tata Electronics' Rs 91,000 crore semiconductor project.
Dholera Special Investment Region (SIR), also known as Dholera Smart City, is a planned greenfield industrial and smart city being developed by Dholera Industrial City Development Limited (DICDL) and aims to be a major manufacturing and trading hub.
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