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Ahmedabad Civic Body Starts Asset Monetisation to Boost Revenue

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,…

Gujarat Real Estate Projects Stall Amid Appraisal Panel Delay

Representative AI image AHMEDABAD: Real estate project approvals in Gujarat have encountered delays following the non-functionality of the State-level Expert Appraisal Committee (SEAC) after its tenure concluded in June, according to industry representatives and government sources. Although a standing committee has been instituted via government notification, the industry is advocating for a regular committee. Sources indicated that environmental assessments for various real estate and industrial projects are stalled. The Confederation of Real Estate Developers’ Associations of India (CREDAI), Gujarat, has raised this concern with the state government. Tejas Joshi, president of CREDAI, Gujarat, emphasized, “The SEAC plays a crucial role…

Lucknow to Auction Plots in Gomtinagar Extension Scheme

Representative AI image LUCKNOW: The Lucknow Development Authority (LDA) has finalized plot prices and approved the layout for a new commercial and group housing development in the Gomtinagar Extension Scheme. These prime plots will be available in the upcoming e-auction, which will include commercial complexes at 1090 Chauraha, a hospital site, and multiple group housing plots. The e-auction portal will be open starting December 15, and interested participants can register on the LDA website. LDA Vice-Chairperson Prathamesh Kumar announced that in Sector-7 of Gomtinagar Extension, 43 acres behind the Police Headquarters have been designated for 11 group housing plots and…