Amravati is the eight most
populous city in the state of Maharashtra and it is believed to be developed
long before the tenth century. The cotton industry is gaining pace in the city and
leading the way for it to be developed as an industrial centre. Amravati is
rapidly expanding southwards and is known for more than 265 educational
institutes established within the region. It has recently been selected as one
amongst the 98 smart cities that shall be developed in India. The British High
Commissioner, Kumar Iyer has recently announced his country’s intention to
assist Amravati in all possible manner for its development as a smart city.
Another smart city which
has already seen light of the day is Dholera
Smart City Special Investment Region. A remote town in Gujarat has suddenly
come to limelight as the Modi government has declared it as the first smart
city to be developed in India. With agriculture as its main occupation, the
residents do not have access to higher incomes and the same is also evident
from the negligible infrastructure in the town and lack of basic amenities.
However, the fate has turned around now and the new Dholera SIR in the making
is considered to be far smarter than Amravati.
The first thrust for
Dholera is the area covered by the region against that covered by Amravati.
Dholera SIR shall be developed on 920 square kilometers of area which is more
than three times of that covered by Amravati (270 square kilometers). Dholera SIR is visualized to be double the size
of Mumbai and six times bigger than Shanghai. This certainly gives the first
smart city a head start!
Secondly, Dholera is ahead
in development phase and development of trunk infrastructure components have
started on the land. However, Amravati is yet to be conceptualized and
development shall begin thereafter as per government approvals.
Thirdly, Dholera has been
sanctioned Rs, 3,000 crore (appx) for development while Amravati shall receive
merely Rs. 96 crore per year for five subsequent years from the central
government. The Dholera funds shall act as a catalyst and attract further
investments from global investors taking the pace of development to another
level.
Fourthly, Dholera is
currently underdeveloped due to which the property is undervalued. This is a
great opportunity for investors who can buy land/units at lower cost and earn
exponential returns within a short span of time. Cost of property in Amravati
is comparatively much higher thus reducing the rate of returns for those
investing there.
Other factors like
excellent connectivity of Dholera
Special Investment Region to local and global cities through 6 lane
expressway, metro , road and international airport makes is a preferred
investment destination. Additionally, it being a special node on the DMIC
corridor is an added advantage that has started attracting various
conglomerates to set up their manufacturing unit in Dholera. Due to absence of
infrastructure and amenities in the city, Dholera also gives the architects and
designers the privilege to build state of art infrastructure taking into
account smart city concept at their free will.
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