Surat’s commercial sector to get a boost with Dream City project

by | Sep 24, 2015 | Real Estate

Upcoming commercial projects in Surat have sparked huge demand amongst corporates and businesses alike. Several upcoming commercial projects in Surat are centered on the path-breaking and supremely innovative Dream City or Diamond Research and Mercantile City project. This project will be developed in Surat in multiple phases and is being fashioned in a similar manner as the Gujarat International Finance Tech-city in Gandhinagar. This will be a path breaking development in the city and attract huge investments from across the country as per expert opinions. Real estate is also set to get a boost and the commercial sector will thrive as a result of this development. More and more businesses and companies are now looking at setting up shop in Surat owing to developments like these creating a healthy demand for quality commercial spaces and towers in the city.

The dream city project should definitely boost upcoming commercial projects in Surat as overall demand is set to increase hugely across multiple sectors. As per initial findings, several skyscrapers will be coming up in this new city and FSI up to 7 and heights up to 300 meters may well be granted by the government. The entire city stands on 2, 000 acres of land while mono rail-like connectivity will also be available for residents. The buildings will house manufacturing companies, corporates and diamond dealers both domestic and global. An SPV or special purpose vehicle will be launched for this project that is spread across three phases. The Surat Diamond Bourse will be the major anchor for this project while most diamantaires are willing to pump in approximately INR 1 crore each for establishing their offices here.

According to further reports, this innovative and path breaking city will contain internal roads, residential structures and other business zones, colleges, hotels and schools. 100 acres have been proposed for the development of diamond bourses while 250 acres have been kept for residential structures and gated communities. This landmark project will definitely be a shot in the arm for Surat’s commercial sector and should make the city an attractive destination for several multinational and corporate companies too. There will be several upcoming commercial projects in Surat as part of the Dream City and this will spur greater development in overall infrastructure and connectivity as well. All in all, Surat looks set for bigger things with the inception of this pioneering project.

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