The Dholera Special Investment Region (SIR) in Gujarat is drawing annual investments of Rs 20-30 billion in real estate, with significant interest from investors in northern India, particularly from Punjab, Haryana, Delhi, Gurugram, and Noida, according to the Aaiji Group, an Ahmedabad-based developer. Jointly developed by the central and Gujarat governments, Dholera SIR is located about 100 km from Ahmedabad and is managed by Dholera Industrial City Development Ltd (DICDL), a special purpose vehicle. DICDL is owned 51% by the Gujarat government and 49% by the central government. Nearly 95% of the first-phase infrastructure has been completed, positioning the Dholera Smart City as an attractive investment destination. In June, Tata Electronics signed a collaboration agreement with semiconductor firm Synopsys for its $10.9 billion semiconductor fabrication plant in Dholera. The Aaiji Group has already completed two real estate projects in the region, with two more under development. (Realty Plus)