Latest news with #SpecialInvestmentRegion
India.com
18-05-2025
- Business
- India.com
10 times return in 10 years; this Indian city has become new hotspot for real estate, not Noida, Gurugram, Mumbai, name is...
(AI image) 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.
Time of India
17-05-2025
- Business
- Time of India
Dholera investment regions sees 10-fold jump in land prices over a decade, say developers
Representative image The Dholera Special Investment Region (SIR) in Gujarat, envisioned as a smart industrial city under the Delhi-Mumbai Industrial Corridor (DMIC), has witnessed a tenfold increase in land prices over the past decade, driven by growing investor interest and rapid infrastructure development , according to local developers. 'Prices per square yard across various Town Planning (TP) Schemes in the Dholera region have increased to a high of Rs 7,000 to Rs 10,000,' said Lalit Parihar, Founder and Managing Director of Dholera-based developer Aaiji Group, citing available industry data. In other TP schemes, land prices currently range from Rs 3,000 to Rs 7,000 per square yard, reflecting a tenfold rise over the last 10 years, he added as quoted by PTI. The region's transformation is being accelerated by major infrastructure projects nearing completion, including the Ahmedabad-Dholera Expressway and the upcoming international cargo airport, both expected to be operational in 2025. 'The 109-kilometer expressway is progressing rapidly, and projects like the Bhimnath-Dholera broad-gauge rail line and the Vande Metro will significantly enhance connectivity in the region,' said Ruturajsinh Chudasma, Partner at Dholera-based Infinity Infracon. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo 'With infrastructure now visible on the ground, investor confidence is at an all-time high. The growth in land prices is a reflection of this shift. This data further reinforces Dholera's emergence as a high-potential real estate destination,' Parihar said. Dholera SIR is steadily positioning itself as a major investment hub, already attracting over 100 companies. Among the most significant investments is Tata Electronics ' Rs 91,000 crore semiconductor project, underscoring the region's strategic importance and long-term growth potential. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
02-05-2025
- Business
- Time of India
After inauguration of Vizhinjam port, Kerala govt now seeks to speed up industrialization
T'puram: With the commissioning of the Vizhinjam International Seaport, the state industries department has fast-tracked port-led industrialization under the ambitious Outer Area Growth Corridor (OAGC) project in Thiruvananthapuram. A key move in this direction is the long-awaited Special Investment Region (SIR) Bill, which aims to replace traditional land acquisition with a more investor-friendly land pooling mechanism. According to the industries department, the bill is set to be tabled in the next assembly session. SIR is an area designated by a govt to attract and facilitate investments, often offering incentives and regulatory frameworks tailored to specific sectors or industries. The bill is currently under review by the local self-govt (LSG) and revenue departments. Once their inputs are incorporated, the state cabinet will approve the draft before tabling it in the next legislative assembly session. "The state govt is very serious about port-led industrialisation, which is why the process is moving quickly," said APM Mohammed Hanish, principal secretary of the industries department. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cost Of Amusement Park Equipment From Mexico Might Surprise You - See Tips Amusement Park Equipment | search ads Click Here Undo The bill was earlier expected to be presented in a previous session but was delayed due to suggestions and revisions from the LSG department. Meanwhile, the Vizhinjam port is drawing a wave of investments in the vicinity. Dubai-based Sharaf Group, a major investor, has expressed strong interest in setting up an inland container terminal near the port. Several logistics firms are also scouting for large land parcels to develop container freight stations, logistics parks, and warehouses. To facilitate this, Kinfra — an agency under the Industries Department — is actively identifying suitable land, including 100 acres for Sharaf Group. It is also exploring over 250 acres for developing an industrial park in the vicinity of the port. Capital Region Development Programme-II (CRDP), the consultant of the state govt, is collaborating with the industries department to implement the OAGC, a strategic corridor aligning with the proposed Outer Ring Road (ORR) from Vizhinjam to Navaikulam. CRDP submitted a comprehensive masterplan last year, which includes a draft report for the creation of the SIR and development of industrial zones. The 78-kilometre ORR will pass through eight proposed economic clusters — Vizhinjam, Kovalam, Kattakada, Nedumangad, Vembayam, Mangalapuram, Kilimanoor, and Kallambalam. These clusters will initially be managed by a govt-formed special purpose vehicle (SPV), which will later partner with private co-developers to execute projects.
