Vadodara is also known as the Petro Chemical City of Gujarat. Gujarat is the Indian state with the biggest contribution to the country’s manufacturing output in terms of industrialization. The Prime Minister of India has introduced a vision of an Aatmanirbhar Bharat as India celebrates the completion of 75 years of freedom with Azadi ka Amrit Mahotsav. Gujarat, being one of the major states of India, is likely to be part of the government’s Atmanirbhar Bharat initiative. The state has a strong industrial base and is home to several large companies and industrial zones. Gujarat’s government has also implemented policies and measures to support the state’s industries and promote local production and manufacturing to support the national Atmanirbhar Bharat initiative.
Industrial land is land that has been typically designated by the government or regulatory authority for industrial use and is intended for the construction of factories, warehouses, workshops, and other industrial facilities. It can be used for many different things, including manufacturing, assembly, storage, shipping, distribution, and research and development. The property’s location, size, transportation accessibility, utility accessibility, and infrastructural accessibility all have an impact on its value. Industrial areas play a critical role in the economic development of a region by providing employment opportunities, generating revenue through taxes and fees, and attracting businesses that support the local economy.
Vadodara, also known as Baroda, has a rich cultural and historical heritage. It was ruled by the Gaekwad dynasty for over two centuries and was once the capital of the princely state of Baroda. Vadodara has a strong industrial base, with several large industries such as petrochemicals, pharmaceuticals, and engineering. The city is also a major hub for the IT and software industries. It is well-connected to other parts of Gujarat as well as other major cities in India. It has a domestic airport that connects it to major cities in India, as well as a well-developed railway and road network. Some of the important national highways that connect Vadodara are NH-8, NH-48, NH-64, NH-148B, and NH-751. These national highways not only provide connectivity but also facilitate the transportation of goods to and from Vadodara, which is an important center for industry and commerce in Gujarat.
GIDC (Gujarat Industrial Development Corporation) is a government organization that has developed several industrial estates in Vadodara, Gujarat, to promote industrial development in the state. These industrial estates provide infrastructure such as land, water, power, and other facilities to support the growth of industries. The GIDC estates in Vadodara have attracted a large number of industries, contributing significantly to the economic development of the region. Some of the major industries that have established their presence in these estates include heavy engineering, pharmaceuticals, chemicals, textiles, and food processing. It also provides support services such as finance, marketing, and technical assistance to help the industries in the estates grow and expand their businesses.
Here is the list of GIDC industrial areas in Vadodara
While considering buying or selling an industrial plot in Vadodara, Gujarat, there are several points to consider:
The location of the plot is a critical factor to consider. The plot should be in an area that is easily accessible to transport links such as highways, airports, and railways. It should also be located in a developed industrial area that has basic infrastructure such as power, water, and drainage facilities. Prior to making any purchase, it’s important to check the land use and zoning laws in the area. Make sure that the plot is zoned for industrial use and that you can obtain any necessary permits and licenses. Secondly consider the size of the plot, depending on your specific requirements, and check the soil quality of the plot before making any purchase. Make sure that the land is suitable for the type of industry you want to establish. Environmental concerns such as soil contamination, air pollution, and water pollution are essential factors to consider. Ensure that the seller has clear ownership of the plot and that there are no legal disputes or liens against it. Lastly, consider the price of the plot in comparison to the market value. Research similar properties in the area to ensure you’re not overpaying or undercharging for the land.
The average price of industrial land in Vadodara is around INR 4,500/sq. meter to 30,000/sq. mtr. Although, these costs may change based on the location, facilities, ease of access, and demand in the particular industrial area.
The Gujarat government has developed an industrial policy that defines its goals and plans for the growth of the industry in the state. The policy specifies the procedure for getting governmental permissions and permits for industrial projects and offers incentives for industrial development, such as subsidies and tax cuts. The government may establish specific guidelines and standards for the purchase and selling of industrial land. Moreover, you should consult the regional government organization in charge of industrial land transactions, such as the Gujarat Industrial Development Corporation (GIDC).