On Tuesday, Gujarat Chief Minister Bhupendra Patel made an announcement. He stated that they are almost finished constructing the infrastructure in the activation region of Dholera SIR in the Ahmedabad district. Moreover, Patel mentioned that they have started giving land to businesses.
Patel virtually participated in the second Apex Committee meeting of the National Industrial Corridor Development Programme (NICDP). Furthermore, he expressed confidence in the continuous progress of Dholera SIR. Simultaneously, he actively participated in the meeting.
Moreover, recent reports reveal that 95 percent of the work in the activation area has been completed. This area constitutes only 2.5 percent of the total 920 square kilometers of the SIR. However, they expected to complete the work by 2018-19.
Consequently, Chief Ministers and Industry Ministers from Uttarakhand, Karnataka, Madhya Pradesh, and Haryana attended the conference in New Delhi. Union Finance Minister Nirmala Sitharaman and Minister of Commerce and Industry Piyush Goyal were also present. They acknowledged their involvement in the official release issued by the state government on Tuesday.
Despite significant delays, the Central government has invested over Rs 2,700 crore in building the basic infrastructure. This investment is specifically for the 22.5 square kilometers of the SIR’s activation area. Therefore, the Central government owns a 49 percent share in the Dholera SIR project.
Smart Homes Infrastructure: Dholera SIR
Founded in 2015, Smart Homes is a versatile real estate company located in Dholera Smart City. Moreover, they specialize in the purchase, management, and expansion of large portfolios of assets in the world’s most active markets. Additionally, #SmartHomesDholera is not just a real estate company. It questions accepted practices in the field and takes great satisfaction in working with you to leave a lasting legacy. This force is forward-thinking.
Furthermore, their staff comprises individuals with diverse training, technological know-how, and global experience. As one of the top real estate companies in Dholera, they are at the forefront of developing and aggregating commercial, industrial, and residential land in Dholera Smart City. Honorable Prime Minister Shri Narendra Modi supports this concept.
Second-largest Global Greenfield Smart City
Dholera, once a salty, desolate place by the sea, served as our canvas. They actively strive to realize the ideal of a smart, environmentally friendly, and sustainable city. Their dedication to openness, strategic land purchase, and thorough documentation have resulted in securing high-quality assets. Furthermore, they are providing significant returns on investment for our stakeholders. Consequently, their efforts have been successful. With pride, Dholera Smart City is currently the second-largest global Greenfield Smart City in the world, after only NEOM.
Therefore, thanks to innovative leadership, they are quickly turning Dholera into a smart, sustainable, and modern hub in Gujarat. This area sets the benchmark for urban life and business. Due to its unique combination of upscale residential, commercial, and industrial spaces. It establishes a standard for how urban life and business should be.
Furthermore, their work involves more than just building structures. It is about creating dreams, stories, and futures, shaping the legacy of tomorrow. It honors building futures, stories, and dreams to create a legacy that lasts.
The mission of SMART HOMES INFRASTRUCTURE PVT. LTD for Dholera SIR
We aim to be the first company that comes to mind when investors consider investing in Dholera Smart City. Additionally, we dedicate ourselves to understanding your ambitions. Furthermore, we offer spaces that blend technology and knowledge to create a happy legacy for future generations.
Dholera Smart City Phase 2
The top real estate company in India, Smart Homes Infrastructure, is actively developing Dholera Smart City Phase 2. This project is a distinctive residential housing project within Smart City Dholera. SmartHomes, planning one of several large residential townships, aims to change the skyline of Gujarat’s Dholera smart city. Upon completion, this project is expected to bring about significant changes to the city’s skyline.
Furthermore, Dholera Smart City Phase 2 aims to create world-class real estate in Greater Dholera and its surrounding areas. It aims to provide homeowners with numerous choices, including well-placed residential plots, reasonably priced flats, opulent bungalows, and stunning villas. Additionally, investors seeking optimal short-term returns will find this project to be an appealing proposition.
Additionally, Dholera Smart City Phase 2 aims to be a unique residential development. It covers an expansive area and features exceptional amenities and first-rate infrastructure. Residents can easily access locations both inside and outside Smart City Dholera, thanks to its advantageous location.
Dholera: A Multi-Trillion Dollar City
Greenfield smart cities have emerged throughout the world. Ongoing urban development and road construction activities are currently taking place. Additionally, countries like Dubai and the UK frequently undertake similar city constructions. India is making history by transforming a desolate region into a high-tech and habitable city.
Moreover, SmartHomes Infrastructure predicts that the land value in Dholera SIR will reach several trillion dollars by 2042. The current price of land in Dholera SIR is around Rs. 3,500 per square meter. It is expected that the price will rise to Rs. 2,00,000 per square meter by 2042.
Furthermore, this estimate considers the development of hundreds of millions of square feet of structures within Dholera SIR. It includes zones such as the City Center Zone, Knowledge & IT Zone, Residential Zone, and Tourism and Resort Zones. The development will happen in these areas. The estimate takes all these factors into account.
Dholera Prices Expected to Increase in the Future
Over the next 20 years, the company predicts that the land will appreciate. The land is expected to match the current rate of land in Ahmedabad. This rate averages around Rs. 2 lakh per square meter. The company foresees this appreciation in the value of the land.
Consequently, if we apply this rate to the entire 520 square kilometers, which includes the developable area of Dholera Smart City—420 square kilometers inside SIR and approximately 100 square kilometers outside SIR—the total value would exceed $1 trillion. We will apply this rate to the entire area. It encompasses the developable area of Dholera Smart City. The total value is expected to surpass $1 trillion. Notably, this estimate excludes the value generated by the construction of infrastructure and buildings.
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