• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News
Wednesday, May 31, 2023
India Influencive
No Result
View All Result
  • Login
  • Home
  • Business
  • India
    • National
    • State News
  • Education
  • World
  • Business
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Photography
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Social Work
    • Religion
  • Home
  • Business
  • India
    • National
    • State News
  • Education
  • World
  • Business
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Photography
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Social Work
    • Religion
No Result
View All Result
Morning News
No Result
View All Result
Home Business

With the Diamond bourse shifting from Mumbai to Surat, the Textile and Diamond city is going to make its mark and shine brighter

India Influencive by India Influencive
September 22, 2020
in Business
Reading Time: 3 mins read
0
Share on FacebookShare on Twitter

“Real Estate in Mota Varacchha is at boom due to Diamond Bourse shifting to Surat.”

Surat, Gujarat (India) : About 70 diamond companies from Mumbai have shifted to Surat during this coronavirus pandemic. The Surat diamond bourse will be ready by the year 2022 and till then most of the Diamond companies will shift to Surat from Mumbai. This will change the position of the city across the world. Even during this time of financial crisis across the world, Surat is standing still and the people especially those in the diamond industry are progressing even though, taking tiny steps. Once the Diamond bourse of Surat is ready and the Diamond businesses shift totally to Surat then the city is going to progress by leaps and bounds. This is giving new hopes to the real estate industry in the city which is facing various issues as of now. Right now 8 out of 10 diamonds are manufactured in Surat but all of the dealings and exports happen only from Mumbai. Moreover the corporate offices of most of the Diamond companies are in Mumbai’s Bandra Kurla Complex and small units are set up in Borivali, Malad, Goregaon, Dahisar etc. and all the operations happen from there. But things are fast changing and all of these big Diamond units and offices are being shifted to Surat.

With the Diamond bourse shifting from Mumbai to Surat, the Textile and Diamond city is going to make its mark and shine brighter

READ ALSO

How innovation will drive growth and create new opportunities in the Indian economy

How innovation will drive growth and create new opportunities in the Indian economy

May 29, 2023
PharmaLytica 2023 Returns to Hyderabad: Connecting, Innovating and Ideating for the Future of the Pharma Industry

PharmaLytica 2023 Returns to Hyderabad: Connecting, Innovating and Ideating for the Future of the Pharma Industry

May 29, 2023

This shifting was to happen about 2 years later but due to the coronavirus pandemic, migration has already started. It is going to take two more years for the Surat diamond bourse to get completely ready and about 70 companies from Mumbai will completely shift to Surat. Some of them have already started to shift to the city. One search businessman and the owner of HVK Diamond – Nagjibhai Sarkariya said, “in the year 2022 about 60% of the Diamond business from Mumbai was about to shift to Surat, which would generate more employment opportunities in the city and it will also open the demand for flats in the city. This will directly benefit the real estate industry. The migration has already started and people are already looking for houses here”

With the Diamond bourse shifting from Mumbai to Surat, the Textile and Diamond city is going to make its mark and shine brighter

Another businessman Nareshbhai Lukhi said, “Not only have the corporate offices but the small units in different areas of Mumbai also started to shift towards Surat. Around 70 companies have already shifted to Surat and this numbers will double during Diwali. This is definitely going to benefit the real estate industry, as the workers of the industry will too migrate towards Surat along with the big businessman.”

With the Diamond bourse shifting from Mumbai to Surat, the Textile and Diamond city is going to make its mark and shine brighter

The real estate sector is definitely going to get a much needed boost with this migration and chances are there that the Varachha and Mota Varachha area of the city will be the first choice for migrants. Most of the people associated with the diamond industry belong to Saurashtra, including the factory owner as well as the workers. Staying at Varachha and Mota Varachha area gives people the feeling that they are staying in Saurashtra and hence these areas are going to be their first choice.

With the Diamond bourse shifting from Mumbai to Surat, the Textile and Diamond city is going to make its mark and shine brighter

Surat’s Real Estate Companies are ready to give the infrastructure to the migrants like that of Mumbai.

With the shifting of diamond companies from Mumbai to Surat the real estate industry of the city is ready to cater to the needs of the company owners as well as office staff and workers who are going to shift to the city. The situation is such that some Housing projects similar to that in Mumbai have started in the city. A builder named Jayantibhai Madhubhai Godani who is the owner of Victoria group said, “Due to the shifting of diamond industry from Mumbai to Surat we have already started receiving enquiries for shop and flats. These enquiries are mainly for areas such as Varachha, Mota Varachha, Uttaran and Sarthana Jakatnaka. Our aim is to give similar facilities like that in Mumbai to the people who are migrating and are going to migrate and hence we have started with the project of high rise apartments which will have various common facilities for them to use.”

Previous Post

Virtual Celebration of the Grandparents’ day at G. D. Goenka International School, Surat

Next Post

Toyota Kirloskar Motor launches its much-awaited compact SUV in India, the all-new Toyota Urban Cruiser

Related Posts

How innovation will drive growth and create new opportunities in the Indian economy
Business

How innovation will drive growth and create new opportunities in the Indian economy

May 29, 2023
PharmaLytica 2023 Returns to Hyderabad: Connecting, Innovating and Ideating for the Future of the Pharma Industry
Business

PharmaLytica 2023 Returns to Hyderabad: Connecting, Innovating and Ideating for the Future of the Pharma Industry

May 29, 2023
RLG Systems India Announces Launch of Eco-friendly Play Area Constructed from Tyres in association with Noida Authority
Business

RLG Systems India Announces Launch of Eco-friendly Play Area Constructed from Tyres in association with Noida Authority

May 26, 2023
In a journey of healing and meditation, Anant Oorja Safar bags the ‘Most Promising Spiritual Organization Award’
Business

In a journey of healing and meditation, Anant Oorja Safar bags the ‘Most Promising Spiritual Organization Award’

May 25, 2023
Refer and Earn with FairPlay: Enjoy a 15% Referral Bonus
Business

Refer and Earn with FairPlay: Enjoy a 15% Referral Bonus

May 23, 2023
New Delhi, India: A Summit on India’s G20 Presidency and Sustainability & Unveiling of the Biography – J.C. Chaudhry – An Incredible Aakash Story by AsiaOne
Business

New Delhi, India: A Summit on India’s G20 Presidency and Sustainability & Unveiling of the Biography – J.C. Chaudhry – An Incredible Aakash Story by AsiaOne

May 18, 2023
Next Post

Toyota Kirloskar Motor launches its much-awaited compact SUV in India, the all-new Toyota Urban Cruiser

Kingston Technology Top DRAM Module Supplier in 2019

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Best Celebrity Stylist in Mumbai - "Sugandha Sood"

Best Celebrity Stylist in Mumbai – “Sugandha Sood”

November 4, 2022
Mr. Yash Mane is an ideal man who cherishes humanity

Mr. Yash Mane is an ideal man who cherishes humanity

March 21, 2022
Modi Government working for developing entrepreneurship environment for backward class of the country: Dr K Laxman (National President OBC Morcha BJP)

Modi Government working for developing entrepreneurship environment for backward class of the country: Dr K Laxman (National President, OBC Morcha BJP)

May 12, 2022
Shreyaa Sumi -International Model is conferred with a Honorary Doctorate from USA University

Shreyaa Sumi -International Model is conferred with a Honorary Doctorate from USA University

May 9, 2022
A UK Royal treat for the “Indian Princess Sanjuna Madonakendi” at the HM Royal Marines Mountbatten Music Festival.

A UK Royal treat for the “Indian Princess Sanjuna Madonakendi” at the HM Royal Marines Mountbatten Music Festival

March 7, 2022

EDITOR'S PICK

Dr. Harsh Vardhan distributes woolen blankets, masks and soaps among the destitute staying in Vishram Sadan, AIIMS, New Delhi

February 10, 2021
Best Digital strategist of India Yash Mishra expressed his vision on role of digital platforms in influencing voters

Best Digital strategist of India, Yash Mishra expressed his vision on role of digital platforms in influencing voters

March 1, 2022

IIT Delhi launches economical Rapid Antigen Test Kit for COVID-19

June 26, 2021
KGFs Toofan gets more than 5 million views each

KGFs Toofan, gets more than 5 million views each

March 22, 2022

India Influencive, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

Follow us

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World

Recent Posts

  • A World of Sartorial Splendor: Sona Chavan’s Fashion Blog Hits The Runway
  • The 7 inspiring visionaries who inspired the world ft INKZOID FOUNDATION
  • How innovation will drive growth and create new opportunities in the Indian economy
  • “TAVVAI”: A Mythological tale of Misfortune and Redemption!!!!!

Tags

Ace Entrepreneur actor Ahmedabad Artificial intelligence author Bengaluru Blockchain technology Content Creator COVID-19 Cryptocurrency CSIR Delhi digital marketing DST Dubai Education entrepreneur Fairplay Ginny Kapoor Gujarat Hi life Exhibition Hyderabad IIT Delhi India's Most Prominent Pageant Indian Institute of Technology influencer Influencerquipo jewellery Kingston Technology K Raheja Corp Homes LANXESS MoES Mr. Gagandeep Kapoor Mrs.INDIA Galaxy Mrs.INDIA Galaxy 2022 Mumbai Music Industry National Pageant Mrs.INDIA Galaxy 2022 Pune real estate social media Surat technology solutions TTK Prestige Vibrant Concepts
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News

© 2021 India Influencive .

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2021 India Influencive .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In