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Recent Post
06 Jul, 2016
20,000 Homes per Decade: The New Resolution of Smart Homes
With the beginning of each new decade in Dholera, until the city is fully developed, Smart Homes has resolved to build 20,000 residential housing options in each decade. Therefore, 60,000 homes shall be developed by the iconic real estate brand in Dholera by the end of 2040.
Construction activities in Dholera, India’s maiden smart city, have begun as the trunk infrastructure components are being constructed on an activation area spread across 22.5 square kilometers. The city is expected to be fully developed by 2040 and, as per the latest report, shall be ready to live in as early as 2019. By 2019, one lakh residents would have moved into the city, which shall be equipped with initial infrastructure and industrial setup.
The population is expected to grow exponentially, reaching 2 million by 2040.
The city is being built on a self-sustainable model, aiming to create 8 lakh new employment opportunities by 2040.
The population mix will include people from all strata of society, including labor, executive, and managerial classes.
Residential housing options will be required to cater to different income levels, with a major demand for affordable housing.
As per estimated figures, 5 lakh new residential units shall be constructed in Dholera by 2040 to meet the housing needs of residents. The construction plan is divided into three phases based on the expected population influx in each decade:
First Phase (Till 2020): 1.24 lakh homes shall be created to accommodate the initial slow movement of the population into Dholera.
Second Phase (2020-2030): Construction activities shall accelerate as the city's development progresses, with more than double the number of homes built compared to the first phase.
Third Phase (2030-2040): 1.33 lakh residential housing options shall be constructed in the city.
Over 30 developers have begun constructing housing projects in Dholera and its outskirts.
These properties serve as both a good investment option and a suitable living space.
Given the current land prices in Dholera, investors can expect 2-3 times returns over a short span of time.
‘Smart Dholera’ and ‘Dholera Smart City,’ the mega residential townships being constructed by Smart Homes, are ideal for investment.
To know more, visit our website: www.smart-homes.in.
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RERA Compliance
The Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced to
enhance transparency and accountability in the real estate sector. However, it is
important to understand where and how this law applies, as its applicability varies
depending on the type of real estate transaction. RERA primarily regulates residential
and commercial real estate projects, but it does not apply to the sale of land or plots
without construction obligations. In areas like Dholera SIR, transactions involving
final plots (designated land parcels) do not fall under RERA's scope. Similarly,
agricultural land, industrial land, and other specific land transactions may not come
under its jurisdiction.
Understanding these distinctions helps buyers and investors make informed decisions
based on the nature of their real estate dealings.
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