Group to develop greenfield project in this area Rs. 150 crore will be invested
Key points:
• IG Group launches second phase of project – Lotus 1145 to take total size to 1 lakh square yard
• The company will construct 3 BHK villas and plots
• IG Group has invested in 5 projects in Dholera at Rs. Have invested more than 100 crores
• Annually Rs. 2,000-3,000 crores are being invested
IG Group, one of the leading real estate developers in Dholera area of Ahmedabad, Gujarat has acquired 50 acres of prime land in Gujarat. This strategic investment with an estimated project cost of 150 acres including land acquisition marks an important milestone in the Group's investment in sustainable living and innovative retail spaces. This acquisition complements IG Group's ongoing projects in Dholera like IG Airport Villa, Lotus 1145 Phase-1, Lotus Phase-2, Money Plant. AAIJI Group Acquires 50 Acres Land In Dholera To Develop High-end Residential Villas
IG Group's new venture will include extensive land plotting, state-of-the-art residential development and modern retail spaces that will enhance the real estate sector of the area.
Mr. Lalit Parihar, Founder and Managing Director, IG Group, said that the development of Ahmedabad, Gift City and Dholera in Gujarat mirrored the tri-city model of Abu Dhabi, Dubai and Sharjah. Hence, like the success of Tri-City in the United Arab Emirates, there is a strong potential for development in this area. Dholera is not just a project, it is a vision of the future.
Every year we invest in land and plots of Rs. 2,000-3,000 crores of new investments are wanted especially from Punjab, Haryana, Delhi, Gurugram and Noida as they have seen realty market growth in Gurugram, Noida and Chandigarh. At IG Group, we are committed to turning this vision into reality by creating sustainable projects for residential and business that are technologically advanced, environmentally sustainable and socially inclusive.
The project is aligned with the vision of Dholera SIR under the Delhi-Mumbai Industrial Corridor (DMIC) which has smart city features, Greenfield Cargo and Passenger Airport, Ahmedabad-Dholera Express Highway, Dedicated Freight Corridor, Bhimnath-Dholera Broad Gauge Railway Line, between Ahmedabad and Dholera. Vande emphasizes on developing strong infrastructure including access to metro and ports.
The government is committed to make Dholera a world class city with smart city features. Dholera is rapidly developing as an important industrial hub. More than 100 small and big companies are setting up their plants here. Significant investments such as Tata Electronics' collaboration with Synopsyschip to set up a $10.9 billion semiconductor plant have boosted the area's appeal. While several developments are still in the pipeline, Dholera has emerged as a blueprint for a smart city and a planned manufacturing hub.
