Dholera SIR Attracts Massive Investments in Realty from Northern Investors

Dholera Special Investment Region (SIR) in Gujarat is witnessing substantial annual investments between Rs 2,000-3,000 crore in real estate. Primarily driven by Northern investors, this project is developed jointly by the central and Gujarat governments. Key infrastructures are near completion, presenting lucrative opportunities for early-stage investors.

Dholera Special Investment Region (SIR) in Gujarat is experiencing an influx of substantial annual investments in real estate, ranging from Rs 2,000 to 3,000 crore. According to a prominent realty developer, investors primarily from Northern India are keenly acquiring land and plots in the area.

The rise in investments mirrors growing confidence in the Dholera SIR project, which is a collaborative effort between the central and Gujarat governments, located roughly 100 km from Ahmedabad. Development is managed through a special purpose vehicle, DICDL (Dholera Industrial City Development Ltd), which was established in 2016 with 51% ownership by the Gujarat government and 49% by the central government.

Aaiji Group, an Ahmedabad-based real estate developer, highlighted that the majority of investments are flowing from Punjab, Haryana, Delhi, Gurugram, and Noida. With 95% completion of the first phase of infrastructure, the Dholera Smart City offers appealing opportunities for potential investors. Additionally, Tata Electronics has signed a preliminary agreement with Synopsys to leverage their technology for a new semiconductor fabrication plant in Dholera.

(With inputs from agencies.)