Dholera SIR completes first-ever land auction of real estate plot
Dholera Industrial City Development Limited (DICDL) has achieved a major milestone by completing its first-ever real estate land auction in the Dholera Special Investment Region (DSIR), India’s premier platinum-rated greenfield industrial smart city.
The competitive bid was won by a joint venture of M/S Gap Associates Private Limited & BMS Projects Private Limited along with SUN Realty Partnership. This marks the first plot allotted to the real estate sector within Dholera SIR, which is also India’s first platinum-rated Greenfield Industrial Smart City and features some of the largest land parcels in Southeast Asia.
Previously, Dholera SIR had successfully completed a land auction for a hotel plot. The recent auction was for a residential development plot in TP Scheme 2A within the High Access Corridor Zone of the Activation Area (T.P. Scheme no. 2A – FP No. 297 Part) intended for multistory residential or mixed-use development. Out of several online applications, four were deemed eligible to participate.
A senior Dholera SIR official stated that this milestone is a boost to the city’s social infrastructure and represents an initial investment in the real estate sector. Residential development is essential to support industries establishing manufacturing units in Dholera. Additionally, 228 acres within the SIR region have been dedicated to tourism and recreational facilities, complementing the city’s industrial ecosystem.
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