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Dholera Smart City Development Progress, Update & Contract

Dholera Smart City - A Vision of Hon PM Narendra Modi is started getting 1 st greenfield industrial smart city in Gujarat. Dholera SIR is developing total 920 SqKm area. There are some fantastic news coming in last month with more focus and investment which is boosting and bringing focus on Dholera again. Attaching image for some key development and update for Dholera Special Investment Region (SIR) Tendering acquisition for Solar power which is given to TATA Power for 5000 MW Becoming Hub for •EV Battery Airports work beginning soon Tender Got by Varaha Infra Limited Set up Firing Ranges hub Construction work of sub station and power supply from Torrent Power Detailed conference for sustainability Mobility and Electric vehicle organized by DMICDC and DSIRDA insisting needs of Smart Cities. It will boost bigger investment as 1st phase will be completed by L&T in Sep-Oct 2022 and Govt will Start giving possession to companies to start manufacturing. Happy investing
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Why is Dholera SIR a Best Investment Destination Over The 100 Other Smart Cities?

Which city is most ideal for investment?

Dholera Smart City is a New investment horizons and scope to gain exponentially has open wide with the government’s smart city project announcement in India a few months ago. It is not only shall this create a smarter & faster India but shall also add wealth to the pocket of investors. The million dollar question however remains is – Which city is most ideal for investment?

My take is unmistakably the smart city of Dholera in Gujarat. First and foremost, it is the dream project of Mr.Narendra Modi, one that he had envisaged way back when he was the Chief Minister of Gujarat. He had realized the huge potential in developing Dholera SIR as the first smart city in India and has a soft spot for it.


Dholera Smart City has already invested five years in planning and it is time for execution now as against the rest of the smart cities which are currently in their small stage and shall take long before the plan can come to action. These cities are spread across the country and shall involve extensive permissions from individual state governments thus making planning an even more lengthy process. Dholera City shall reap results faster and give better returns on investment.

Besides, Government has sanctioned Rs. 48,000 crore for developments of all smart cities over next 5 years. Let’s think a simple calculation reveals that each city shall be entitled to Rs. 96 crores per year for development. Dholera SIR however already has a head start with a sanction of Rs. 3,000 crore towards its development. This means that development shall happen comparably at a faster pace and deliver better results on investments.

Dholera also has the best connectivity via road, rail, metro, sea and air as compared to any other smart city. It is well connected to the cities of Ahmedabad and Bhavnagar through expressway and an international airport has already been sanctioned and shall shortly be developed.

Investment in Dholera SIR is expected to give exponential returns, much higher in percentage as compared to any other smart city. This is owing to the fact that land is the cheapest in Dholera as compared to any other smart city in India. This is because Dholera is being developed right from the scratch while the land in other cities has already appreciated to a certain level and cannot go much beyond.

Dholera SIR Gujarat also has an edge over other cities as it is a new city being planned and thus offers great flexibility emi plan for development. However most of the other smart cities shall be a renovated version of existing cities and shall therefore face constraint during planning and development stage. Architects shall have to work their way around the existing design while Dholera can be conceptualized in an entirely new manner. 

More than 400 MoU’s have been signed by big conglomerates and global infrastructure development companies to invest in Dholera SIR in multi 100 crore denominations. Companies all over the world is eyeing Dholera as a once in lifetime investment opportunity. It in itself states the huge potential Dholera offers in terms of return on investments.

A city that is going to be 2 times the size of Delhi and six times the size of Shanghai is in the making. After all, it is not every day that a new city is created; a city which is certainly and investor’s paradise!

 

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