- Easily the biggest endeavor of the Gujarat Government Ever.
- Rajkot Smart City/ The Grand new racerourse is a dream realised,
- A dream to take indian infrastructure at par with global standards.
- It boasts of the widest road networks,
- Three aspirated Lakes, water front avenues & intersections, Recreational Compounds spread across 2 sq km's inspired by the grand central park in New York.
- All within the limits of Rajkot Municipal Corporation,
- The Area is stated to be the most expensive property destination in Gujarat.
What are they doing?
- A 2 sq km area developed in line with global infrastructure norms.
- Entrenched services for Electricity, Telecommunications, Drainages,Fiber Optics to avoid frequent excavations.
- Road widths ranging from 135 ft to 200 ft boulevards
- BRTS Corridors
- Connecting both Ring Road 1 & 2.
- The biggest River Front Intersections in Gujarat.
- 4 out of 6 intersections encompassing 3 different lake compounds.
- 3 Aspirated lakes, one small pond at the heart of the establishment
- Grand Central Parks.
- A Giant Ferris Wheel reminiscent of the london eye, to be visible from across the city.
- Shopping Malls.
- An amusement park complete with a toy train ferrying all three lakes.
- Botanical Gardens
- A Walk to Bird island at the heart of Atal Lake(Lake 1)
- River front Jogging tracks.
- River Front Cycling Tracks.
- Botanical Gardens.
- Amphitheatres.
- Automated in lake fountains.
- Mera Desh-A Theme park depicting cultural heritage of india.
- A lights & Sound Show in line with other world heritage sites.
What does it mean from an investment stand point?
- Situated right between the two existing Ring Roads, Ring Road 1 & 2.
- within the limits of The Rajkot Municipal Corporation.
- The Highest ticket prices in up scale areas of Rajkot go all the way up to INR 15,000/sq.ft
- None of the present day upscale localities have neither the road networks nor the amenities like Rajkot Smart City/Grand New Racecourse.
- Work Unnderway with all The Road Networks opened up and motorable.
- The project deadline as on the official contract is 18 months from the financial closure of contracts.
- Property prices in the range of INR 4000/- to 4500/sq.ft as of January 2020
- Destined to be the most expensive property market in Rajkot.
Conclusion
With residential property prices in the range of INR 4000 to 4500/sq.ft, And an upward range of the market in Rajkot all the way up to 15000/sq.ft, Rajkot Smart City/The grand new racecourse locality presents With an unparalleled investment opportunity to earn Return on Investment up-to 5 folds With in the next 3 year horizon.