In DICDL’s first land auction in Dholera SIR, the joint venture of M/S Gap Associates Private Limited, BMS Projects Private Limited, and SUN Realty Partnership they successfully secured the bid. They won the auction.
Furthermore, India recognizes Dholera SIR as its Greenfield Industrial Smart City. It proudly owns the largest land parcels in Southeast Asia.
A senior official expressed their satisfaction. Consequently, they declared a notable improvement in social infrastructure through their initial e-auction for a real estate plot. This achievement made a historic moment in Dholera’s development.
Additionally, it attracted the first real estate investments. Furthermore, this, in turn, made sure that businesses establishing themselves in the area experienced essential residential growth.
Moreover, the official pointed out that they allocated 228 acres of land in the SIR region. Consequently, the official highlighted that they assigned 228 acres of land in the SIR region. Simultaneously, this allocation supports the region’s infrastructure and promotes economic growth.
In the past, Dholera SIR successfully auctioned a hotel plot for the first time.
DSIR announced an e-auction for a parcel in the high-access corridor zone. This parcel is for constructing multistory residential/mixed-use structures. Furthermore, they approved four out of many online applications. As a result, this marks a big achievement. Real estate now receives a plot in a crucial area for business and urban development, marking a first.
South Korean Companies Explore Business Opportunities in Dholera SIR
Nearly six South Korean businesses traveled to the Dholera Special Investment Region (SIR). They wanted to see if they could open a facility to make displays in Gujarat. Furthermore, the group spent a day at Dholera SIR. Moreover, the group had people from the Korea Trade Investment Promotion Agency and the Korea Display Industry Association. Additionally, Vijay Nehra, the Secretary of the Gujarati government’s Department of Science and Technology, provided this information.
Furthermore, there is a need to set up a factory to make displays. This project will require an investment of Rs 70,000 to Rs 75,000 crore over the next two to three years. This facility could help us depend less on South Korea, Japan, and China. These countries are the biggest producers of electronics worldwide. At the same time, it could make screens for devices such as laptops, tablets, TVs, and cell phones. Currently, these three countries dominate 65 percent of the production in the global display market.
Dholera SIR’s First Activation Zone Construction Nears Finish
The Gujarat government is nearing completion of its significant project, the Dholera Special Investment Region (DSIR). Moreover, the central government has invested around ₹2,700 crore. They did this to build the basic infrastructure covering about 22.54 sq. km. Additionally, the entire region has a maximum area of 920 square kilometers. Homes and businesses can use it.
Furthermore, Dholera SIR is a Greenfield industrial city in Ahmedabad. A special purpose vehicle (SPV) called Dholera Industrial City Development Limited (DICDL) manages it. The State Government and the Government of India worked together. They were represented by the Dholera Special Investment Region Development Authority (DSIRDA) to establish it.
Additionally, DSIR already features excellent infrastructure, setting a global standard. Furthermore, this accomplishment ensures the necessary residential development for industries planning to establish manufacturing units in Dholera. Simultaneously, it boosts confidence and sets a high standard. Consequently, this strengthens Dholera SIR’s position as a prime destination for strategic investments in real estate.
SIR: Special Investment Region
The goal of the City’s Special Investment Region (DSIR) is to become a top-notch place. It aims to have efficient infrastructure for setting up factories. Moreover, this will boost the Country’s industrial production and create jobs. Furthermore, the plan provides easy access to nearby industrial cities such as Baroda, Rajkot, and Ahmedabad. Additionally, the state government has already started providing land in DSIR.
Consequently, reports say the Indian government holds 49% of the Special Purpose Vehicle (SPV) through DMIC Trust. Simultaneously, the Gujarati government owns 51% through DSIRDA.
Joint Venture Acquires Land in Dholera SIR: Gap Associates, SUN Realty Partnership, and BMS Projects
DICDL, a Greenfield industrial smart city, arranged a land auction to sell a real estate plot in DSIR. In this auction, DICDL wanted to find a buyer for a piece of land in Dholera SIR. Gap Associates & BMS Projects with SUN Realty Partnership also obtained a 99-year lease for 42,241 square meters of land. They successfully secured the lease during this partnership.
Moreover, the winning bid during the land sale totaled approximately Rs 17.42 crore. This means each square meter is valued at Rs 4,125. Furthermore, as per the GDCR of Dholera SIR, the maximum allowable FSI for this site is 5.
A DSIR senior official assigned 228 acres for tourism and recreation activities in the region. This aims to boost tourism and develop recreational activities in the region. As a result, this allocation aims to improve the area’s infrastructure and speed up economic development.
Additionally, DICDL released an e-auction notification. This notification is for a residential plot in DSIR’s High Access Corridor Zone under town planning scheme 2A. This notice aims to attract potential buyers for the residential plot.
Furthermore, Dholera, situated about 100 km southwest of Ahmedabad, offers open land parcels of up to 150 hectares. Moreover, DICDL guarantees a fast process of assigning land, completing it within just 17-20 days.
Simultaneously, the Dholera Special Investment Region spans about 920 sq km. It covers 22 villages in Dholera Taluka, Ahmedabad district. It holds significant development potential.
