The Secrets Of The Richest Asian Village In The World
Madhapur: The Secret Wealth Hub of Gujarat
Gujarat is a highly sought-after business destination in India. It has given birth to some of the leading industrialists in the nation. However, the wealth isn’t limited to urban areas. Kachchh’s Madhapar is regarded as the “richest village in all of Asia,” with equally impressive levels of economic wealth.
With 17 banks, ₹7,000 crore in fixed deposits, and state-of-the-art infrastructure, Madhapur, Gujarat, is Asia’s richest village, shattering the notion of a rural community.
A village is typically associated with muddy roads, clay homes, and a basic agricultural lifestyle. But a village called Bhuj in Gujarat is completely altering this idea. Dubbed the richest village in Asia, Madhapur defies the cliché of the rural outpost and is a shining example of affluence.
A Prosperous Gujarati Village
A town in Gujarat, Madhapur is home to over 32,000 people and is situated outside of Bhuj. This community is unique in that its people own fixed deposits totalling an incredible ₹7,000 crore, demonstrating their extraordinary wealth. The substantial non-resident Indian (NRI) population, which makes up roughly 65% of the hamlet, is primarily responsible for its wealth. The Patel group makes up the majority of these NRIs, and they send millions of rupees home, where they deposit the money in regional post offices and banks.
Madhapur is a Financial Centre
The village of Madhapur is not like any other. With 17 banks, it has significant lenders from both the public and private sectors, including Union Bank, HDFC Bank, SBI, PNB, Axis Bank, and ICICI Bank. Due to the village’s prosperity and the steady stream of remittances from overseas, more banks are choosing to open branches here.
Relationship to the Roots
Madhapur is a village in the Patel community that has over 20,000 dwellings. Approximately 1,200 of its families reside overseas. Many people from Madhapur reside and work overseas, mainly in African nations where they are the dominant players in the construction industry, as well as in the US, UK, Canada, Australia, and New Zealand. These NRIs have strong ties to their Madhapur roots even though they are widely dispersed throughout the world. They choose to put their money in the village’s banks, which helps the economy of the community flourish.
Contemporary Facilities and Systems
The infrastructure of Madhapur is a clear indication of its wealth. There are around 20,000 dwellings in the community, and 1,200 families live overseas. The hamlet has been able to build schools, colleges, health facilities, dams, temples, bungalows, and lakes because to the ongoing inflow of funding. The village has good access to roads, water, and sanitary facilities. In order to improve the village’s reputation overseas and deepen their ties to it, the villagers have established the Madhapur Village Association in London.
Madhapur is the richest hamlet in Asia and a great example of how a village can break the mould by fusing ancient values with contemporary wealth and infrastructure.
