Call : 
Remember running towards the school bus for a window seat during your childhood? Reaching late meant compromising on the view or even standing. The same applies to real estate. Only those who follow the first-mover strategy can enjoy the exponential returns on investment (RoI) afterwards. Waiting too long or hesitating at the crucial juncture can lead to your losing out on what could have been very substantial value appreciation indeed.
The Dholera Smart City Project is one such instance where every single day’s delay in finalising the transaction means reducing potential profits. When Vijay Rupani, the Chief Minister of Gujarat, recently stated that the Dholera Special Investment Region (DSIR) is close to completion, it was as good as a clarion call for investors with a ‘Property Ahmedabad’ orientation to accelerate their investment transactions.
It is a well-understood fact that once a location or destination is fully developed, the scope for value appreciation is minimal at best. With the CM having conveyed that 85.79% of the total planned work in Dholera SIR is over and the remaining work is also expected to be completed soon, it is evident that the time to reap huge returns through a Dholera investment is now quite limited.
Only those who invest in real estate at the developing stage get that lower initial price advantage and this is definitely applicable to those eyeing what is clearly one of Prime Minister Narendra Modi’s dream projects. Dholera plot booking remains one of the most attractive investment avenues available today but this opportunity won’t continue to be as beneficial once the pending work is also over.
There is a certain misconception regarding the quantum of development that is pending in Dholera. Many feel that Dholera spans a huge geographical area and since much of it remains undeveloped, there is ample time for a Dholera investment. Nothing could be further from the truth.
Dholera comprises a total area of 920 sq. km. In March 2016 contract awarded to develop its core of 22.54 sq km or 5600 acres like a complete city on priority basis. The funding of Rs.3000 crore has been primarily focused on the development of this activation area and constructing administration building. The CM has referred to work nearing completion for these specific 5600 acres and administration building.
The essential infrastructure is already in place, plus the Dholera officials have allotted 3 plots measuring 152 acres for industrial, commercial, residential and utility purposes to industry giants such as Tata Chemicals, Torrent Power and HPCL. Private players have been given permission to start their development work inside the Activation Area by the Dholera authority. So in effect, the development work inside the Activation Area of approximately 5600 acres is about to be completed. About 1500 acres of developed land at Dholera SIR is available for industrial use while 1400 acres of developed land is available for other uses.
Linear development along the central spine, the 250-metre road from TP 1 to TP 6 is planned and now, the Dholera authority has taken it up on top priority. Many of the major infrastructure projects have already commenced operations whereas others are at varying stages: the ABCD Building is already on the verge of completion, work on the Ahmedabad-Dholera Expressway, World’s Largest Single-Location Ultra Mega 5000 MW Solar Power Park, Artificial River with development of Riverfront area, Water Treatment Plant, Sewage Treatment Plant and Power Plant, has already started with a substantial portion accomplished by now. The Dholera International Airport and Ahmedabad-Dholera Monorail connectivity are just about to get underway. Once all these projects are complete, land rates here will just shoot up.
The ripple effect will be visible across Dholera with impact felt far and wide. Those who continue to delay will rue themselves for having missed out on a truly golden opportunity. Dholera SIR is an once-in-a-lifetime investment proposition. Those who do not opt for the Dholera plot booking and that too, within a limited timeframe going forward, will only have their own hesitancy to blame for it!
CA Ramesh Gurav
Director
Dholeraplotbooking.com