AHMEDABAD: The Asset Monetisation Cell (AMC) of the city is making its inaugural move to devise a strategy for evaluating and selling both AMC-owned and leased properties. Established in March 2025, the cell has issued a tender to appoint a consultant, with selections set to be finalized next month. This collaboration will aim to develop an effective sales strategy.
The selected consultant will chiefly target the sale of 4,113 leasehold properties, including the notable Municipal Market located on CG Road. Bidders have until January 31 to submit their proposals, with an expected total property valuation exceeding Rs 2,000 crore.
Moreover, the cell is contemplating strategies to monetize reserved plots via public-private partnerships (PPP). Other potential revenue sources include leasing municipal school buildings during unoccupied hours and permitting private bus operators to utilize BRTS corridors.
The municipal commissioner initiated a circular in March 2025 to establish the Asset Monetisation Cell, which started functioning on March 19. A committee of nine officials, under the commissioner’s leadership, was formed. This committee includes several deputy municipal commissioners and other key officials.
The cell’s focus is on enhancing income from both movable and immovable AMC properties. Plans are being developed for the sale of public buildings, school properties, space under bridges, parking lots, advertisement sites, machinery, vehicles, and digital data. Currently, the absence of a structured plan has led to diminished revenue from these assets.
A Standard Operating Procedure (SOP) will be drafted to facilitate the monetization of AMC assets. The committee is also investigating the potential for generating revenue through the use of dedicated BRTS/AMTS corridors by private bus services.
Additionally, the committee will work alongside the Smart City initiative to identify digital data that can be monetized.
The AMC manages 4,113 leased properties, but interest from tenants to purchase these leasehold properties has been nonexistent over the past five years.
