Dumas Road Witnessing Infrastructure Developments in Surat

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Dumas Road Witnessing Infrastructure Developments in Surat, Dumas, Surat

Dumas Road Witnessing Infrastructure Developments in Surat

Surat is the eighth largest city in the country and recognized all over the world for its textile and diamond industry. Previously known as Suryapur, Surat is the city located on the left Tapi River bank and it is also known for mouth-watering dishes and it has a lot of tourist attractions. Surat is considered to be one of the fastest growing cities and it has a lot of value added attractions like Chemical, Diamonds, Jewelry, Gas, Textile, Garments and Imitation Jewelry. There are several prime locations in the city to live in, and Dumas Road is one of them. It has been witnessing great location advantages and the developers have also found growth potential here. It is witnessing infrastructural development on a huge level. Dumas Road is located closely to several major attractions along with Domestic Airport.

Surat is supposed to be the trading hub and industrial base for diamonds, textile and chemical. It has the presence of several leading corporate houses and MNCs like L&T, Reliance Group, Essar Group, ONGC and others. The population has also been growing in this city and developed infrastructure is also needed here. Surat is one of the few cities in India which has computerized water drainage system and distribution system and a huge sewage treatment plant that transforms wastage into energy.

The city has India’s best water treatment plant. Every part of the city is covered by street lights and underground drainage. In the early 1990s, the Pipelined Natural Gas (PNG) has already entered the city and covered most of the areas. CNG entered the city in early 1990s and 95% of buses and auto rickshaws started running on CNG by 2005 as the less polluting and efficient vehicle. Several private and government hospitals in the city provide healthcare facilities to both visitors and citizens. The local authorities have focused on eGovernance to optimize administrative efforts. The city is witnessing a lot of infrastructural activities and it has the country’s first multi-disciplinary underwater aquarium. It is renowned as the Diamond City of the Country for a reason.

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New City Light to Become Hottest Real Estate Destination in Surat

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New City Light to Become Hottest Real Estate Destination in Surat

 

New City Light to Become Hottest Real Estate Destination in Surat

New City Light is known to be the sophisticated suburb in the city of Surat. It is one of the developing regions of Surat. These days, City Light is one of the hottest favorite non-commercial destinations in the city of Surat and it presents high rise buildings and homes. It is well known as Vashi of Surat because of high rise bungalows and towers. City Light is supposed to be the most popular area in Surat. You should choose City Light if you want to own a property in Surat. It is the eighth biggest city in the country and is located on the left bank of River Tapi. It is well known for diamond industry and also called as the “Diamond City of India”.

Up to 3/4th of the real diamonds found on earth are being polished and cut in this city. It is the second biggest city in the state which is well known for textiles and it derives the names like “Textile City” and “Silk City”. Surat has also been titled as the second cleanest city in India. It is one of the leading metropolitan cities to live in India. The increasing need of real estate development and switching industrial market to Tier IV and Tier III metro cities has been effective for Surat as well.

The increasing demand of real estate in the city truly showcases the need for even more commercial and residential locations. Surat is surely the destination to witness a lot of educational institutes which causes significant growth of students’ population from other parts of the country. The MNCs in the city have appointed expert specialists to stay active in the city to fulfill the needs of employees in new startups. Both specialized and students promote the need to buy real estate in Surat. The 2 BHK and 3 BHK units are enjoying great demand and motivating realty developers to build more residential properties in the city. The need of real estate by the NRIs is also included here as they invest huge amount of money in residential sector. There is definitely a way to access new property.

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Infrastructure Opportunities in Surat to woo Foreign Investors

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Infrastructure Opportunities in Surat to woo Foreign Investors

Infrastructure Opportunities in Surat to woo Foreign Investors

Gujarat Government has covered up to 200 infrastructure projects to woo the foreign investors. The delegations of Gujarat including business leaders and officials are on a trip to Canada and the US to invite companies to pay a visit to Vibrant Gujarat Summit to be held on January 2017, according to a senior official, Bharat Lal, heading Gujarat delegation, told American investors group during a Chicago based road show.

The Gujarat delegation includes top business leaders and officials. Up to 75 business leaders and government officials attended the road show which was organized by the USIBC (US-India Business Council) and FICCI (Federation of Indian Chambers of Commerce & Industry) at the office of Baker McKenzie. Gujarat is considered to be the most trend setting and progressive state in India and it is years ahead to attract the global investors/fraternity in the state, according to Ausaf Sayeed, Counsel General of India.

According to Lal, Gujarat is strongly focusing on Chemicals/Petrochemicals, Agro/Food Processing, Healthcare, IT/ITeS, Renewable Energy and other sectors. He further said that the culture of entrepreneurship in the state and the ethos of our government promotes industry and business and create opportunities for people of not just the state, but also India. Gujarat has become the most anticipated destination because of these characteristics.

According to Gujarat International Finance Tec-City (GIFT City), CEO, Ajay Kumar Pandey, it is the first model smart city in India which will have world-class infrastructure and will offer ease in doing business there. They will provide several tax benefits to the companies operating in GIFT City.

Surat to Witness Strong Real Estate Demand
Along with 11 small cities, Surat is likely to witness great real estate demand of up to 9.44 Lakh residential units over the next five years to come, according to real estate consultant Cushman & Wakefield (C&W). Out of 11 cities shortlisted at 2.3 lakh units in a study, after Kochi at 1.18 lakh residences and Vizag at 1 lakh residences, Surat is witnessing highest demand. On the contrary, the Tier 1 cities are all set to witness recording growth in residential sales.

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