Dholera: Invest Now Or Miss Out?

Dholera Special Investment Region (SIR) is a Greenfield Industrial Smart City in India. It is the country's first Greenfield, IGBC-certified, Platinum-Rated, futuristic global industrial smart city. The total area of Dholera is approximately 920 sq. km and it will be home to the Dholera International Airport, built on 1700 acres of land. The airport is expected to reduce congestion at Ahmedabad Airport. With the Indian real estate sector expected to record a great increase in sales, is now the right time to invest in Dholera SIR?

Dholera SIR is a Greenfield Industrial Smart City

Dholera Special Investment Region (SIR) is a Greenfield Industrial Smart City. It is India's first planned Greenfield City, a dream project of Narendra Modi, the Prime Minister of India, envisioned when he was the Chief Minister of Gujarat. Dholera SIR is located in the Gulf of Khambhat in the Ahmedabad district of Gujarat. It is identified as a Greenfield port to be developed with private sector participation by Dholera Port Limited (promoted by J K Group and Adani Group).

Dholera SIR is spread over an area of 35,000 hectares, with a processing area of 14,000 hectares and a non-processing zone covering the rest. The region boasts excellent connectivity through rail, road, express highway, international airport, metro, and port, which collectively link the city on both national and global fronts. The Central Spine Expressway and Metro Rail will link the SIR with mega cities, and the region is also close to the Gujarat International Finance Tech City (GIFT) and the Petro-chemicals and Petroleum Investment Region (PCPIR).

Dholera SIR aims to become a global manufacturing and trading hub, supported by world-class infrastructure. The project goals are to double the employment potential, triple industrial output, and quadruple exports from the region in the next five years. The development of Dholera SIR is undertaken jointly by the Gujarat State Government and the Central Government, with an initial funding of Rs. 3,000 crore to attract FDI and private investors. The availability of abundant land at lower valuations makes Dholera SIR a value proposition for retail and international investors.

Now is a good time to invest in Dholera SIR as the land prices are currently very low. With the ongoing development of Phase 1, which includes residential and industrial zones, and the announcement of the monorail and airport projects by Mr. Narendra Modi, the prices are expected to increase significantly in the short term.

The city's infrastructure and development are expected to be world-class

Dholera Special Investment Region (DSIR) is a Greenfield Industrial City located approximately 100 km southwest of Ahmedabad, envisioned to be bigger than the city of Ahmedabad itself. The city is strategically located between the industrial cities of Ahmedabad, Baroda, Rajkot, and Bhavnagar.

The Dholera Special Investment Region Development Authority (DSIRDA) is responsible for planning and developing DSIR, administering government land within DSIR, and ensuring the delivery of serviced land that benefits both the local population and the private sector.

DSIR will have its own self-sustaining ecosystem, consisting of economic drivers through industrialization, utility and logistic infrastructure, and social infrastructure. The city will be connected via several modes, including an international airport, high-speed metro, 6-lane expressway, national highways, railways, and a port.

DSIR's development is focused on creating a modern, well-planned city with world-class infrastructure and the highest quality-of-life standards. The city will have dedicated spaces for amenities such as hospitals, pharmacies, educational institutions, skill development centers, recreational activities, sports, and entertainment.

The town planning scheme of DSIR is spread into different zones, including industrial, housing, city center, knowledge and IT park, solar park, public amenity zone, sports and entertainment, corridor, greenery, and agriculture.

The development plan for DSIR includes overall trunk and external infrastructure projects, such as roads and utilities, raw water transmission lines, wastewater treatment and recycling, solid waste management, and an Information Communication Technology (ICT) network.

The Dholera Industrial City Development Limited (DICDL), a joint venture between the Central Government and the State Government of Gujarat, is responsible for implementing the project. The development of Dholera is well underway, with its immediate city development area expected to be operational by 2019, while the full city is anticipated to be developed by 2030.

With its strategic location, world-class infrastructure, and excellent connectivity, Dholera SIR offers a great opportunity for investors looking for smart investment plans. The city's property rates are increasing due to its growing popularity, and it is expected to be a world-class city in terms of infrastructure and development.

Property prices are currently affordable and expected to increase

Dholera SIR is a small town in the state of Gujarat, recently declared a Special Investment Region (SIR) and set to become India's first smart city. With a total area of 920 sq. km, it offers abundant land at cheap prices, providing investors with an opportunity to buy heavily across various locations. The cost of land in Dholera is significantly lower than in any developed or developing area, starting at just Rs. 599 per sq. ft.

The city is gaining popularity, and its growing prominence is expected to contribute to a spike in property prices. As a result, investors from within India and abroad are being drawn to Dholera SIR, believing it to be one of the best investment opportunities in the country's real estate market.

The Indian real estate sector has been sluggish in recent years, but experts predict a significant increase in sales due to emerging investment opportunities in various cities, including Dholera. Experienced property investors recognise that this futuristic city will become world-class in terms of infrastructure and development, and they want to take advantage of the current affordable rates.

The development of Dholera SIR is progressing rapidly, and the value of property is expected to grow exponentially, offering better returns on investments than properties in other cities. The region's excellent connectivity, world-class infrastructure planning, and special node status on the DMIC Corridor further enhance its growth potential.

In addition to its residential appeal, Dholera also offers great potential for industrial development, making it a favourable location for investors seeking mid-to-long-term resale opportunities.

With property prices in Dholera SIR currently affordable and expected to increase, it presents a timely opportunity for investors to benefit from the anticipated growth and maximise their returns.

Rent prices are increasing due to more job opportunities

Dholera SIR is a Greenfield Industrial Smart City in Gujarat, India. It is the first smart city in the country and will be three times bigger than Delhi. The city will offer residential plots, apartments, bungalows, villas, and industrial spaces. The Indian government has invested over 3100 crores in the project, which has also attracted investments from several national and international companies.

Dholera SIR is a desirable location for investors due to its affordable housing and low land costs. The city is expected to become a hub for industrial, defense, infrastructure, and manufacturing units, with a population of 1 lakh people and an urban development plan of $12 billion.

The increasing popularity of Dholera SIR has led to a month-by-month rise in rent prices. This is largely due to the growing number of job opportunities in the area, with many people moving to the city with their families and seeking secure and well-developed places to live.

Rent prices are expected to continue increasing due to the following factors:

• Job Opportunities: The development of Dholera SIR as a smart city and a hub for various industries will attract more companies and create more job opportunities. This will result in an increased demand for rental properties, driving up rent prices.
• Population Growth: The city is expected to accommodate a population of 6 lakh people by 2022, which is a significant increase from its current population. This rapid population growth will create a higher demand for rental properties, causing rent prices to increase.
• Infrastructure and Development: Dholera SIR is envisioned to become a world-class city in terms of infrastructure and development. As the city continues to grow and improve its infrastructure, the demand for rental properties in desirable locations will increase, leading to higher rent prices.
• Limited Supply: While the demand for rental properties is increasing, the supply might struggle to keep up. This imbalance between supply and demand will result in higher rent prices.
• Affordable Housing Initiatives: The Indian government's affordable housing initiatives, such as the program launched by the Prime Minister to provide affordable housing for all by 2022, might impact the availability and cost of rental properties. While the initiative aims to keep rentals at bay, it could also result in a decrease in the supply of rental properties, causing rent prices to rise.
• Strategic Location: Dholera SIR's strategic location, including its proximity to resources and other established cities, makes it a desirable place to live and work. This convenience and accessibility will contribute to the increase in rent prices.

In summary, the increasing job opportunities and subsequent population growth in Dholera SIR are significant factors in the rising rent prices. As the city continues to develop and attract more businesses and residents, the demand for rental properties will likely outpace the supply, resulting in higher rents.

The city is attracting large companies and investors

Dholera Special Investment Region (DSIR) is a greenfield industrial planned city near Dholera in Gujarat's Ahmedabad district. The city is well-connected with trade gateways and falls within the influence zone of the proposed Delhi-Mumbai Industrial Corridor project (DMIC), a joint initiative by the Government of India and Japan.

The Indian government and the Gujarat state government have prioritised the development of Dholera, with the former providing initial funding of Rs. 3,000 crore to attract FDI and private investors. The city's strategic location, affordable land valuations, and government support make it an attractive destination for smart investors.

Dholera's emergence as a smart city has already begun attracting investors, particularly with the announcement of the Ahmedabad-Dholera expressway project. The expressway will significantly reduce travel time between the two cities, making Dholera an even more appealing investment prospect.

The Dholera Special Investment Region project is also India's first and largest Greenfield Smart City, offering excellent infrastructure and an appealing environment for businesses and residents. The development of the Ultra-Mega Solar Park, with a capacity of 4400 MW, further enhances Dholera's appeal as a sustainable and forward-thinking investment destination.

The city has also become a centre of attraction for investors due to its previous successful projects, such as the Infinity Infra project, which was sold out within a few months of its launch. The current projects in the pipeline, such as the expressway and the solar park, are expected to drive up the prices of residential plots in Dholera, making it a lucrative opportunity for investors.

Additionally, the DSIR has been inviting manufacturers from defence, textiles, heavy engineering, and electronics to set up businesses in Dholera, ensuring that residents will have access to a wide range of facilities. The combination of excellent infrastructure, government support, and increasing demand makes Dholera an attractive prospect for large companies and investors.

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