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Recent Post

 

Dholera SIR to Gain as Gujarat Scored Top Position

Gujarat Ranked #1 in Ease of Doing Business Gujarat has been ranked as the #1 state by the World Bank on the "Ease of Doing Business in India Index," the first-ever survey of its kind.

  • Gujarat scored 71.14%, with Andhra Pradesh and Jharkhand close behind at 70.12% and 63.09%, respectively.

  • Chhattisgarh, Madhya Pradesh, Rajasthan, and Odisha followed with:

    • Chhattisgarh: 62.45%

    • Madhya Pradesh: 62.00%

    • Rajasthan: 61.04%

    • Odisha: 52.12%

  • Arunachal Pradesh and Nagaland ranked last, scoring 1.23% and 3.41%, respectively.

It has long been mentioned that Gujarat is the best place for conducting business in India, and this ranking now provides statistical proof.

Investment Potential and Economic Impact Sunil Munjal, former president of CII, commented:

"It is expected that investments will begin to flow to States that make it easier to do business, seeing which the low-rank States could be encouraged to take up reforms."

Gujarat is now expected to attract major investments from across the world, with many companies seeing it as a base for setting up business in India. With industries being set up in the state, the "Make in India" vision of Prime Minister Modi is expected to flourish in Gujarat.

Dholera – The Most Preferred Investment Destination Dholera is expected to be a major gainer and the most preferred investment destination in Gujarat due to:

  • Being India’s first and fastest-developing smart city.

  • Strategic location as a special node on the DMIC corridor.

  • Excellent connectivity with Ahmedabad, Rajkot, Bhavnagar, and Vadodara via:

    • 6-lane highway

    • Metro

    • Rail route

World Bank Assessment & Key Findings The assessment was conducted by the World Bank in collaboration with:

  • The Union Department of Industrial Policy and Promotion

  • The Confederation of Indian Industry (CII)

  • The Federation of Indian Chambers of Commerce and Industry (FICCI)

  • KPMG

Onno Ruhl, the country director for the World Bank, clarified:

"The rankings reflect the ease of doing business in these States by the small and medium enterprises rather than foreign investors."

He further stated:

"While the World Bank has been working for many years with officials of the Government of India, this gained traction only in the last one year thanks to the political commitment coupled with renewed efforts of officials of Central and State governments to make India an easy and simple place to do business."

Key Areas of Assessment The study was based on eight key areas, with rankings assigned to each state:

  1. Setting up a business

  2. Allotment of land and obtaining construction permits

  3. Complying with environmental procedures

  4. Complying with labor regulations

  5. Obtaining infrastructure-related utilities

  6. Registering and complying with tax procedures

  7. Carrying out inspections

  8. Enforcing contracts

Gujarat secured the top position for "complying with environmental procedures."

Future Prospects for Gujarat and Dholera With this ranking, Gujarat is set to witness a heavy inflow of investments. Dholera, in particular, is expected to be the epicenter, attracting investors due to:

  • World-class infrastructure

  • State-of-the-art amenities

  • Strong connectivity and strategic location

Gujarat’s leadership in ease of doing business reinforces its position as India's most business-friendly state, making it a lucrative destination for industries and global investors.

 

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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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