Information about the Diamond Park in Rangwasa

Q: Hey can someone be kind enough to share some information on the Diamond Park in Rangwasa? I just want to know what this project is about and if it will help real estate in the area. I hear there are plots and flats available at a cheap rate in this area, so curious to know about these developments.

Prateek Mishra, Indore

5th August 2014

Real estate News in Rangwasa, Indore

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diamond park land dispute

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Replies (5)

Hi,
With the Diamond Park in Rangwasa, Indore, failing to attract investors during the global investors meet, the state government is mulling over using a portion of the land for other purposes. A portion of the proposed park could be used for building a convention centre. This park will be only used for diamond cutting and polishing.

Nitesh Patil, Pune

22nd August 2014

Comment

Well Nitesh,
But the Diamond Park project has been delayed due to opposition by a section of farmers who refused to sell their land and instead they moved court.

In 1995, the then state government conceived the project for setting up a cluster comprising diamond cutting and polishing units at a suitable location near Indore.

Piyush Khoche, Pune

22nd August 2014

The Diamond Park directly isn’t an advantage for real estate, but indirectly it can attract investors if government gives clarity on the disputed lands and the farmers consents and stuff. The Diamond park will be like a work center for cutting and polishing diamonds. I have also read somewhere that the Manish Kalani Group has started building a 191 acre township in the area. I wish I could give you more info on this, but, I don’t really know more. If anyone stumbles across this project please do share the information with us.

Akshay Sethi, Indore

5th August 2014

Comment

Oh the dispute you are talking about is between the farmers in rangwasa and other landowners with these Government authorities. The state put a tag saying these lands are going to be used for the creation of a diamond park, but many of the farmers did not agree to sell their lands. However, a lot of court hearing went behind this scene, finally the farmers lost the case and sold their lands.

Arjun Singh Ranawat, Indore

5th August 2014

Comment

Yea that pretty much makes sense. When commercial investors are being pulled to these kind of sites, we get IT parks, and other similar offices to work in, which leads to development of the area with residential properties. So real estate will definitely grow in this area, if the Diamond park is set up. But, I remember vaguely reading about some issue that was going in this area, which delayed this project for all these years. I’ve been trying to remember what the reason was, but can’t quite place it. Do share with me if you find about the dispute.

Naveen Jaitley, Indore

5th August 2014

Comment

Well, the gem and jewelery park has been there for almost 15 years in the Rangwasa area, but almost a year and a half back, the Government proposed taking some effective measures to make a infrastructurally advanced diamond park in the area. It’s been proposed to be set up in the 118 hectare, and is expected to bring in a lot of investors. If investors are being attracted, then I think undoubtedly, real estate investment in the area will boom.

Wasim Iqbal, Indore

5th August 2014

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