The Dholera Special Investment Region (SIR) has been making headlines in recent years due to its unprecedented growth and booming land registration activities. Situated about 95 kilometers from Ahmedabad, Dholera is emerging as a major hub for industry, infrastructure, and real estate, making it one of the most attractive investment destinations in Gujarat. In this article, we will delve into the details of the rise in land registrations, the revenue generated from stamp duty and registration fees, and answer common questions about investing in Dholera.

Surge in Land Registrations in Dholera: A Record Year

The registration of sale deeds in Dholera has been experiencing significant growth, especially in the years following the COVID-19 pandemic. In 2022, up until July, 2,162 sale deeds were registered, generating Rs 14 crore in stamp duty and Rs 2.75 crore in registration fees. This marks a remarkable recovery after the pandemic-induced slowdown.

Comparing this to earlier years, the number of registrations and revenue generated has seen a significant uptick. In 2021, a record 2,484 sale deeds were registered, contributing Rs 11.39 crore in stamp duty and Rs 2.19 crore in registration fees. These figures are a testament to the increased investor confidence in the Dholera Smart City project.

Historical Growth in Land Registrations

To understand the scale of growth, it’s essential to look at the historical data. Since 2014, Dholera has witnessed the registration of around 15,000 sale deed documents, generating a total revenue of Rs 81 crore. Of this amount, Rs 30 crore was collected in the last two years alone, highlighting the surge in land transactions. The majority of Dholera taluka, approximately 920 square kilometers, falls under the Special Investment Region (SIR) Act of 2009, which has played a crucial role in attracting both local and international investors.

Between 2010 and 2014, the Dholera sub-registrar’s office saw between 400 to 500 sale deeds registered each year, with the figure rising to 742 in 2014. By 2015, this number had more than doubled, with 1,926 sale deeds registered, generating Rs 6.68 crore in stamp duty and Rs 108 crore in registration fees.

Impact of the COVID-19 Pandemic on Land Registrations

The global pandemic caused a brief slowdown in Dholera’s otherwise booming real estate market. In 2020, only 1,158 sale deeds were registered, which was a sharp drop compared to previous years. This decline in transactions led to Rs 4.73 crore being collected in stamp duty. However, as restrictions eased and economic activities resumed, Dholera’s real estate market bounced back strongly in 2021 and 2022, surpassing previous records.

Key Factors Driving the Growth in Dholera

Several factors have contributed to the rapid rise in land registrations and investments in Dholera:

• Dholera Smart City Project: Dholera is part of India’s ambitious smart city initiative, aiming to create a technologically advanced urban center with world-class infrastructure, industry, and housing. Investors are flocking to the region, anticipating high returns as the project progresses.
• Strategic Location: Dholera’s proximity to Ahmedabad (only 95 km away) and its planned connectivity through the Dholera International Airport have made it a prime location for both residential and commercial investments.
• Low Jantri Rates: The jantri rates (government-mandated property rates) in Dholera have remained low, making it an attractive option for investors looking for affordable land deals.

Answering Common Questions About Dholera

Can We Buy Land in Dholera?

Yes, individuals and investors can buy land in Dholera. The Special Investment Region (SIR) Act of 2009 governs land sales and development in the region. The area is divided into different zones, including residential, commercial, and industrial sectors, providing a variety of investment options.

What is the Price of Land in the Dholera Project?

The price of land in Dholera varies depending on the location, plot size, and proximity to key infrastructure projects like the Dholera International Airport and the Dholera Smart City center. On average, residential plots range between Rs 1,000 to Rs 3,000 per square yard, while commercial and industrial plots are priced higher. The low jantri rates further add to the attractiveness of investing in Dholera.

What is the Current Status of Dholera?

As of 2022, Dholera is rapidly developing, with several infrastructure projects in progress, including the Dholera International Airport and metro connectivity to Ahmedabad. The government has been actively promoting the region as a key industrial and technological hub, attracting multinational companies and investors. The Dholera Smart City is expected to be completed in phases, with the first phase of the project already underway.

Is It the Right Time to Invest in Dholera?

Yes, now is considered an ideal time to invest in Dholera due to the ongoing development projects, affordable land prices, and the potential for high returns. As the city progresses towards becoming a fully functional smart city, early investors are likely to reap significant benefits in the future. The increasing number of land registrations and the surge in real estate activity are clear indicators of investor confidence in the region.

The Role of the Dholera Special Investment Region (SIR)

The Dholera Special Investment Region (SIR) is a key driver of growth in the area. Spanning over 920 square kilometers, the Dholera SIR is designed to be a global hub for manufacturing, industrial activity, and real estate development. The region is being developed in phases, with state-of-the-art infrastructure, including smart utilities, transportation networks, and green energy projects, making it a model for sustainable urban development.

Key Features of the Dholera SIR

• World-Class Infrastructure: The Dholera SIR is designed to have cutting-edge infrastructure, including roads, power grids, water supply systems, and waste management facilities. These smart utilities will make Dholera a highly efficient and sustainable city.
• Strategic Connectivity: The development of the Dholera International Airport and metro connectivity to Ahmedabad will significantly enhance the region’s accessibility, making it an attractive option for businesses and investors.
• High Growth Potential: With the government actively promoting the region and its strategic location, Dholera is expected to attract multinational companies, further boosting its industrial and real estate sectors.

Dholera Smart City: A Vision for the Future

The Dholera Smart City project is at the heart of the region’s transformation. As India’s first greenfield smart city, it is designed to offer a superior quality of life to its residents, with advanced technology integrated into every aspect of urban living. From smart grids and intelligent transportation systems to green spaces and eco-friendly buildings, the Dholera Smart City is poised to set new standards in urban development.

Highlights of the Dholera Smart City Project

• Smart Infrastructure: The city will feature smart roads, energy-efficient buildings, and intelligent traffic management systems, making it one of the most technologically advanced cities in India.
• Residential and Commercial Projects: Dholera will offer a range of residential plots, villas, and commercial spaces, catering to the diverse needs of investors, homebuyers, and businesses.
• Sustainability: The Dholera Smart City is being developed with a strong focus on sustainability, including solar power generation and efficient water management systems.

Conclusion

Dholera Gujarat is emerging as a major player in India’s real estate and industrial sectors. With its strategic location, affordable land prices, and world-class infrastructure, the Dholera Special Investment Region offers unparalleled investment opportunities. The surge in land registrations, the development of the Dholera International Airport, and the progress of the Dholera Smart City project make now the perfect time to invest in this rapidly growing region.

As India’s first smart city, Dholera is set to become a hub for industry, innovation, and sustainable urban living. Whether you’re looking to invest in residential plots, commercial spaces, or industrial land, Dholera offers long-term growth potential and high returns.