DSIR Project Report Estimates the Housing Demand by 2040 to Reach 5 Lac Units
DSIR Project Report Estimates the Housing Demand by 2040 to Reach 5 Lac Units
The official figures are out! The recently released detailed project report on DSIR has estimated the housing requirement in the smart city by 2040 at 5 lacs.
Housing Construction Estimates
The report outlines the number of homes that need to be constructed in each decade to meet the rising population in Dholera:
- First decade (ending in 2020): 1.24 lacs homes constructed.
- Second decade (2020-2030): Construction activities to accelerate, with more than double the number of residential housing units created.
- Third decade (2030-2040): Construction of 1.33 lacs residential homes.
Population Growth & Housing Demand
As Dholera transforms into an economic hub, more employment opportunities will attract people to settle in the city. By the time development is completed in 2040, the population is expected to reach 2 million. To accommodate this growth, the government has planned for the creation of 5 lakh new residential units in Dholera.
Smart Homes Initiative
Amidst the ongoing real estate boom, Smart Homes has emerged as a significant brand in the residential housing space. The company aims to construct:
- 20,000 homes in each phase of development.
- A total of 60,000 homes by 2040.
- Homes built using state-of-the-art technology, high-quality materials, and ICT integration to enhance living standards.
Real Estate Investment Opportunities in Dholera
Dholera is not just a promising place to live but also an attractive real estate investment destination.
- Current property prices are undervalued but expected to appreciate significantly.
- Potential ROI: Investors can expect 2-3 times returns within 3-4 years.
- Ideal investment options: Homes, commercial properties, and land.
Smart Homes’ Flagship Projects
Smart Dholera and Dholera Smart City, the first two projects by Smart Homes, are now live and present favorable investment opportunities.
- Projects offer a mix of value homes, residential plots, and villas.
- Investors can choose based on personal preferences, investment horizons, and budgets.
