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The Dholera SIR project is being jointly developed by the central and Gujarat governments about 100 km from Ahmedabad, through a special purpose vehicle, DICDL ( Dholera Industrial City Development Ltd). (Representative photo)
Dholera Special Investment Region in Gujarat is attracting fresh investment of Rs 2,0003,000 crore annually in realty assets, with investors primarily from North acquiring land and plots, according to a realty developer.
Dholera Special Investment Region (SIR) in Gujarat continues to garner annual investments amounting to Rs 2,000-3,000 crore in real estate assets, as per a prominent realty developer. This substantial influx of funds, primarily from investors hailing from North India, signifies growing confidence in the project.
Situated approximately 100 km away from Ahmedabad, the Dholera SIR initiative is a collaborative effort between the central and Gujarat governments. The development is facilitated through the creation of a special purpose vehicle known as DICDL (Dholera Industrial City Development Ltd).
Established in 2016, DICDL is owned 51% by the Gujarat government and 49% by the central government.
The bulk of investments is directed towards land and plots, with a notable influx stemming from investors located in Punjab, Haryana, Delhi, Gurugram, and Noida, as stated by Ahmedabad-based developer Aaiji Group.
Founder of Aaiji Group, Lalit Parihar, revealed, “Annually, we are seeing fresh investments to the tune of Rs 2,000 – 3,000 crore in land and plots mostly from Punjab, Haryana, Delhi, Gurugram, and Noida.”
Parihar emphasized the potential for investors to secure a lucrative return on their early-stage investments within Dholera SIR, a pivotal project under the Delhi-Mumbai Industrial corridor, over the course of a few years.
With nearly 95% of the initial phase infrastructure for the project completed by the Gujarat government, Aaiji Group accentuated the appealing investment prospects within Dholera Smart City for prospective stakeholders.
In June this year, Tata Electronics signed a preliminary agreement with California-based semiconductor design and engineering firm Synopsys to collaborate across various technological verticals.
This partnership entails leveraging Synopsys’ solutions in Tata Electronics’ forthcoming USD 10.9-billion semiconductor fabrication facility in Dholera.
Aaiji Group further disclosed the successful completion of two projects in Dholera SIR – Aaiji Airport Villa and Aaiji Residency – with two additional realty ventures currently in progress.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)