Aakar, a project by GAP Group, has become the first Premium Studio Apartments residential project in the Dholera Activation Zone to secure approval from the Real Estate Regulatory Authority (RERA). The development marks another first for GAP Group, which has consistently been among the earliest movers in India’s first Greenfield Smart City.
Comprising 160 fully furnished Premium Studio Apartments, Aakar offers space-efficient homes with modern amenities such as dedicated parking, a gymnasium, co-working lounges, meeting rooms, a library and indoor sports facilities. Located within three kilometres of anchor industrial developments and adjacent to a 14,000 sq. mt park, which will be managed by GAP Group, the project offers convenience with green surroundings.
The units in Aakar begin at Rs. 35.51 lakh, with expected rental yields in the range of 7-10%, a rare proposition in today’s maturing real estate market. Moreover, the projected appreciation of 80-100% in five years offers tremendous potential for investors. GAP Group is already in discussions with Tangent for employee accommodation.
Commenting on the RERA approval, Ambrish Parajiya, Managing Director (MD) of GAP Group said, “Dholera represents the future of urban India. As investments flow into the region, demand for premium housing will surge. With Aakar, we are setting a benchmark for premium homes in the Dholera activation zone. Aakar is also a gateway for investors looking to participate in Dholera’s transformation story.”
Spread across 920 sq. km, the Dholera Special Investment Region (SIR) is envisioned as India’s largest planned smart city and is fast emerging as a hub for global industry. The 22.5 sq. km activation zone has already attracted major investments from big companies such as Tata Semiconductor, ReNew Power, Polycab and INOX Air.
By 2030, the activation zone is expected to generate more than one lakh skilled jobs, with around 80% of the workforce projected to be single professionals and nearly one-third expatriates. This is expected to drive demand for over 30,000 housing units, while the current supply remains negligible. This supply- demand gap is expected to drive strong rental yields and long-term capital appreciation for early investors.
Since its inception in 2014, GAP Group has played a pioneering role in shaping the activation zone. It is credited with delivering the first RERA-approved villa project, the first RERA-approved industrial park, and the first government-auctioned mixed-use plot win in the zone. The RERA approval for Aakar adds another milestone to this series of firsts.
