First-ever land auction for a real estate plot in Dholera SIR

01 Dec 2023 CW Team

Dholera Industrial City Development (DICDL) achieved a significant milestone by completing the first-ever land auction for a real estate plot in Dholera Special Investment Region (DSIR). The competitive bid is won by the joint venture of Gap Associates, BMS Projects and SUN Realty Partnership. DICDL is India's first platinum-rated Greenfield Industrial Smart City, with the largest land parcels in Southeast Asia. The Dholera Special Investment Region (DSIR) is a major Greenfield Industrial Hub about 100 km south of Ahmedabad and 130 km from the state capital Gandhinagar.

The project will be the first initiative from National Industrial Corridor Development Corporation (NICDC) to create a linear zone of industrial clusters to be developed in the Western Dedicated Freight Corridor (DFC). A Dholera SIR senior official said, “This marks a historic chapter in Dholera's development, representing an initial investment in the real estate sector. A significant 228 acres of land within the SIR region have been dedicated to tourism and recreational activities, which will accelerate economic development and further boost the region’s infrastructure.”

In the past, Dholera SIR accomplished the first successful land auction of a hotel plot. DSIR has been planned over an extensive area of land measuring approximately 920 sq km and encompassing 22 villages of Dholera taluka in Ahmedabad, which will be by far the largest of investment nodes planned in the DMIC region. It is strategically located between the industrial cities of Vadodara, Ahmedabad, Rajkot, Surat and Bhavnagar. The nearest international airport is at Ahmedabad and the Government of Gujarat through the Dholera International Airport Company (DIACL) plans to develop another international airport. NICDC with DSIRDA support plans to create a new-age city with world class infrastructure. It aims to have a sustainable urban transportation system with connectivity with neighbouring cities and the rest of the country.

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