In this article, we shall compare two such smart cities of India – Port Blair the largest town and a municipal council in Andaman district and the capital of the Andaman and Nicobar Islands v/s Dholera SIR, a modest town in the state of Gujarat with a population of 2,500 people and farming as their major occupation.
Port Blair has been a major naval base of the Indian navy and also serves as sea and air bases of the Indian Coast Guard and the Indian Air Force. It also holds historical importance and is famous for its historic cellular jail. Dholera on the other hand is an ancient port city in the Gulf of Khambhat and is being developed to be the fastest growing city in India.
Let us now compare them to each other and see which of the two smart cities shall make a better investment option.
Port Blair has a population of over 1 lakh citizens as per 2011 census and has a commendable average literacy rate measuring at 89.76%. On the flip side, Dholera Special Investment Region is a small hidden town in the state of Gujarat with no economic or political significance. It is a home to few thousand people with low literacy rate and meager incomes. Owing to these factors, Dholera has not progressed economically so far and the real estate market had not yet established in the city. Port Blair due to its popularity has seen its property prices soaring and the cost of property in Port Blair is already much higher than that in Dholera. Thus, an investor investing similar amount of funds shall get a larger unit of land in Dholera as compared to Port Blair. Now, that Dholera smart city is developing rapidly, the land value is expected to rise exponentially which shall reap unmatched returns on investments. The returns shall be much higher compared to Port Blair, thanks to the low valuation of land in Dholera currently.
As Dholera SIR is being planned as a new city altogether, the development shall be excellent. International architects working on it aim to develop it at par with international standards. Port Blair is an old city loaded with existing infrastructure and architects shall have to limit their innovations while working their way out in developing the city.
Dholera is exceptionally connected to cities like Ahmedabad, Bhavnagar , GIFT and also well linked to major cities of India due to its world class 6 land highway , metro, railway and airport(under development). This is definitely and edge Dholera enjoys over Port Blair.
Besides, Dholera Special Investment region is much ahead of any other smart city in terms of development as work for trunk infrastructure has already commenced. Port Blair on the other hand is still struggling with planning post which funds shall be sanctioned.
It is thus evident that the property prices shall glide aggressively in Dholera and it might prove to be the best Investment destination both for Indians and foreign investors.
Source : articlesbase.com
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