UpdateBot at 02:05, 6 November 2021

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{{Short description|Business district in Surat}}
{{update|date=August 2020}}
{{Use dmy dates|date=June 2018}}
{{Use Indian English|date=June 2018}}
'''Diamond Research and Mercantile City''', also known as '''DREAM City''', is an upcoming business district in [[Surat]], India. It will be built on {{convert|2000|acres}} of land near Khajod, along the lines of the [[Gujarat International Finance Tec-City]] and [[Dholera|Dholera Smart city]] near [[Ahmedabad]].<ref name="100storey">{{cite news|title=100-storey buildings proposed in Dream City |url=http://timesofindia.indiatimes.com/city/surat/100-storey-buildings-proposed-in-Dream-City/articleshow/45042081.cms |first=Himanshu |last=Bhatt |date=5 November 2014 |work=[[Times of India]] |location=Surat |access-date=25 February 2015}}</ref><ref name="thirdsmartlay">{{cite news|title= Gujarat CM lays foundation stone for state's third smart city in Surat |url=http://www.business-standard.com/article/economy-policy/gujarat-cm-lays-foundation-stone-for-state-s-third-smart-city-in-surat-115021500420_1.html |date=15 February 2015 |work=Business Standard |location=Surat |access-date=27 February 2015}}</ref> Expected to open in 2017–2018,<ref name="surattoget"/> it will be [[Gujarat]]'s third [[smart city]].<ref name="thirdsmartlay"/>

==Description==
The district is projected to have office space, residential areas, and facilities for these residential areas.<ref name="dreamincapital">{{cite news|title='DREAM City' in diamond capital |url=http://www.thehindu.com/news/national/other-states/dream-city-in-diamond-capital/article6898919.ece |first=Rahi |last=Gaikwad |date=15 February 2015 |work=[[The Hindu]] |location=Surat |access-date=25 February 2015}}</ref> It will be established and run by a [[special purpose vehicle]] formed by the [[Government of Gujarat]]. The special purpose vehicle, named ''DREAM City Company Limited'', was formed by the passage of a resolution in the assembly of the state government.<ref name="surattoget">{{cite news|title=Surat to get a diamond city |url=http://www.telegraphindia.com/1150216/jsp/nation/story_3652.jsp |date=15 February 2015 |work=Telegraph India|location=Surat |access-date=27 February 2015}}</ref><ref name="spvcleared">{{cite news|title=Cabinet clears creation of SPV for Surat Dream City |url=http://timesofindia.indiatimes.com/city/ahmedabad/Cabinet-clears-creation-of-SPV-for-Surat-Dream-City/articleshow/46127854.cms |date=5 February 2015 |work=[[The Times of India]] |location=Gandhinagar |access-date=27 February 2015}}</ref>

=== Surat Diamond Bourse ===
India's second diamond trading centre, the [[Surat Diamond Bourse]], will operate from DREAM City.<ref name="thirdsmartlay" /> Its major roles will be trading unpolished diamonds and manufacturing polished diamonds.<ref name="globalbarons">{{cite news |title=Global diamond barons invited for SDB stone laying event |url=http://timesofindia.indiatimes.com/city/surat/Global-diamond-barons-invited-for-SDB-stone-laying-event/articleshow/45999911.cms |first=Melvyn |last=Thomas |date=24 January 2015 |work=[[Times of India]] |location=Surat |access-date=27 February 2015}}</ref> The Diamond Bourse is expected to have services for import and export of diamonds, as well as banking and insurance services.<ref name="thirdsmart">{{cite news|title=Surat's 'DREAM City' to be Gujarat's third smart city |url=http://www.thehindubusinessline.com/news/states/gujarat-to-build-its-third-smart-city-in-surat/article6898479.ece |first=Rutam |last=Vora |date=15 February 2015 |work=The Hindu Businessline |location=Surat |access-date=27 February 2015}}</ref> Presently, diamonds are polished at Surat and traded at India's sole diamond exchange, [[Bharat Diamond Bourse]], in [[Mumbai]].<ref name="bighopes">{{cite news|title=Big hopes from diamond bourse |url=http://timesofindia.indiatimes.com/city/surat/Big-hopes-from-diamond-bourse/articleshow/46259917.cms |date=16 February 2015 |work=[[Times of India]] |location=Surat |access-date=27 February 2015}}</ref>

=== Textile university ===
The Government of Gujarat also announced plans to set up a textile university at DREAM City. This was announced seven months after [[Minister of Finance (India)|Union Minister of Finance]] [[Arun Jaitley]] announced the establishment of a textile cluster in [[Surat]].<ref name="university">{{cite news |title=Gujarat Govt plans textile university in Surat |url=http://www.thehindubusinessline.com/news/states/gujarat-govt-plans-textile-university-in-surat/article6898514.ece |first=Rutam |last=Vora |date=15 February 2015 |work=The Hindu Business Line|location=Surat |access-date=27 February 2015}}</ref>

==Construction schedule==
The foundation stone was laid by the [[Chief Minister of Gujarat]], [[Anandiben Patel]], on 15 February 2015.<ref name="hectic">{{cite news|title=Hectic work on for Dream City, Surat Diamond Bourse event |url=http://timesofindia.indiatimes.com/city/surat/Hectic-work-on-for-Dream-City-Surat-Diamond-Bourse-event/articleshow/46231569.cms |date=13 February 2015 |work=[[The Times of India]] |location=Surat |access-date=25 February 2015}}</ref> The project is to be completed in three phases by the Gujarat Infrastructure Development Board, with the [[Surat Municipal Corporation]] assisting with soil testing in places.<ref name="100storey" />

==See also==
* [[List of tourist attractions in Surat]]

== References ==
{{reflist}}

{{coord missing|Gujarat}}
{{Surat topics}}
{{Surat district}}

[[Category:Proposed infrastructure in India]]
[[Category:Economy of Surat]]
[[Category:Planned cities in India]]
[[Category:Surat]]
[[Category:Cities and towns in Surat district]]
[[Category:Diamond industry in India]]

Diamond Research and Mercantile City - Revision history

UpdateBot at 02:05, 6 November 2021