Things You Should Know About Dholera Real Estate Before Investing

Gujarat is all set to write a new definition of smart cities for India in the future. With the smart city of Dholera being conceptualized with advanced infrastructure and modern civil amenities, this state would certainly see the development of one of the most talked-about smart cities. Huge investments in this project will surely carve a niche for Dholera real estate. This city is gearing up with modern-day infrastructural amenities and it is presumed that it will surpass the design of Shanghai six times. Funding of INR 3,000 crore is already made by the state government to Dholera Special Investment Region. Carving Dholera as a smart city is a dream project for the central and state government. It will be bringing new airports, power hub, metro station etc., which will make Dholera the smartest city in every manner.

Transit Connectivity
Proper connectivity to the roadways, railways, and airways is a must for Dholera City. In order to ensure that more capital is invested in Dholera, it shall be connected via different modes like a six-lane expressway, railway stations, metro trains, international airport, and seaport. Free access to Dholera will strengthen it to emanate as a global trading hub in the near future.

Investing in Properties in Dholera City
According to experts, this is the right time to invest in Dholera. The growth potential of investing in the residential sector is high owing to factors like optimum connectivity, excellent planning, and being a special node to the DMIC corridor. The property investors can find a number of options to invest in the residential property in Dholera. One can easily find 2BHK, 3BHK apartments, villas, builder floors, budget-friendly flats, etc., in this city to invest their money in. Since Dholera City is flourishing at pace, the value of different types of residential properties standing there will exponentially grow to provide better returns than an apartment bought in any other city of India.

Dholera City- The Current Status
There are some milestones yet to be achieved and the authorities are working in full force to deliver the outcome:

• Central spine road is under construction
• Studies related to environmental issues are in progress
• Drainage system is under development
• Plans for land acquisition for metro is proposed for all phases
• 11000 hectares of land has been identified for development of the solar power plant

Investment Benefits for NRIs
Investment by NRI investors has been playing a key role in further developments for different projects in India. NRIs should invest in Dholera City because:

• Favorable Tax Implications: The higher returns, with added advantage of favorable taxation on the Indian properties, make it a win-win situation for NRI investors. They are advised to hold a property for 3 years from the date of purchase in order to gain long term capital gains. By doing this, the individual will be entitled to 20% maximum taxation.
• Rent Out Benefits: In case an NRI has no plans for moving in the purchased rental property in Dholera, it can be provided on a rental basis to tenants. To get the property funded through some bank for availing the exemption on the interest of the amount of loan.
• Retirement Planning: Usually, NRIs hardly return back to their native country. However, the plans might change and NRIs may move back to the country. The current investment in the residential segment will serve as a retirement home for the NRI. And not to forget, there will be too many developments that will benefit the people. Presently, one can enjoy the low rate of interest and taxation benefit on the property.

Concluding It
Dholera City is one of the biggest projects that the government has visualized. The entire city, which will be six times bigger & better than Shanghai, will be made up of uncompromised infrastructure and technology. In the near future, it will be the abode of millions of people searching for affordable housing and place for setting up their business as well. In a nutshell, Dholera City project is a great initiative that will combat urbanization issues.

Report this Page