Dholera special investment region (SIR), considered India’s most ambitious smart city project, is all set to turn into reality. Often compared to Singapore in terms of its planning and meticulous construction, Dholera SIR is the largest of the eight industrial greenfield regions being developed as a part of the first phase of the Delhi-Mumbai Industrial Corridor (DMIC) project.
The region is twice the size of our national capital and encloses 22 villages. Given its close proximity with the DMIC corridor, the city is sure to become a manufacturing and global trading hub by 2030 – its expected completion year. Also, the Dholera SIR smart city would feature initiatives such as discounted property prices and financial grants to lure in MNC’s and manufacturers from various industry verticals – defence, textiles, aviation, electronics, IT, and pharmaceuticals.
So, if you’re thinking about whether this is the right time for a Dholera smart city investment, here are a few of the project’s benefits to help you decide:
At a stone’s throw from the DMIC corridor, the city will offer excellent connectivity to India’s national and financial capital. Moreover, a metro line will be constructed for seamless intra-city travel. The city will also house its own international airport, with two parallel runways of 4000 m and 2910 m, respectively. A dedicated six-lane expressway connecting Ahmedabad and Dholera is also proposed. Lastly, the city will also serve as an excellent seaport, as it’s covered with water on three sides.
The smart city has some of the world’s most renowned companies looking after its various aspects. From Cisco, IBM, and Wipro managing the IT infrastructure to AECOM (USA) planning the entire project, everything about the smart city is being handled by industry experts.
Additional Read: Know about Dholera Smart City Project
Given its excellent connectivity and reduced property prices, the smart city will be home to many MNCs and manufacturing giants. It’s not too far-fetched to say that the city will gradually establish itself as a commercial and global hub. Also, Tata is set to open India’s first electric vehicle’s battery manufacturing plant right in the heart of Dholera. Such developments will indeed create a surplus of job opportunities for young Indians.
Combine the current low property rates with affordable home prices in Dholera, and what you get is an exciting investment opportunity. The best part? Given the city’s projected growth, property prices will rise quickly, providing a better return on investment. Also, 10% of all residential areas in the city are reserved for economically weaker sections (EWS). The employment opportunities will also lure in a large portion of the working population to Dholera, which makes renting a lucrative earning opportunity.
Additional Read: Top Reasons to Buy a House in a Smart City
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If you’re looking to invest in India’s first smart city, you’re looking in the right place. Tata Capital offers affordable home loans to make your investment dream come true.
What’s more, our loans come with convenient repayment options, flexible tenure, easy-to-meet eligibility criteria, and attractive home loan interest rates.
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