Tag: Ahmedabad

IndustryLatest Stories

17 Tall Buildings Approved in Ahmedabad Over Last 2 Years

Here’s a rewritten version of the content: Representative AI image AHMEDABAD: The Standing Committee of the Ahmedabad Municipal Corporation (AMC) convened on Thursday to evaluate the construction proposals for towers exceeding 70 meters in height within the city. Over the past two years, the AMC has approved development permits for 17 tall buildings, generating an income of ₹250 crore. All 17 structures are located exclusively in the western part of the city and will comprise a total of 2,000 residential and 2,300 commercial units. The AMC’s town development department has already issued the Building Use (BU) certificate for one tower,…

IndustryLatest Stories

CEO: 50% of GIFT City Land Allotted

Representative AI image AHMEDABAD: The Gujarat International Finance Tec-City (GIFT) has seen significant growth recently due to increasing demand. According to MD and Group CEO Sanjay Kaul, development rights for approximately 29 million square feet, or about 50% of the planned built-up area, have been allocated. Kaul reported that in the last quarter alone, over 100 entities opted to establish their presence at GIFT City, marking the highest quarterly figure to date. “GIFT City is India’s only fully operational smart city and global financial services center. With ongoing policy reforms, it is emerging as a hub for finance, technology, Alternative…

IndustryLatest Stories

Two Ahmedabad Developers Allegedly Forge MoU for Land Claim

AHMEDABAD: Recently, allegations of cheating and forgery have emerged against two land developers. The complainant, Bhavesh Patel, a resident of Bopal, has accused Ujash Shah and Sanjay Shah of Ethereum Infracon LLP of deceit. According to Patel, he entrusted the accused with the development and marketing of numerous land plots in Ahmedabad district. “We trusted their expertise after several meetings with them,” Patel stated. However, it was later revealed that the accused allegedly forged documents to sell the land to others without Patel’s consent. Patel further claims the duo created a fraudulent Memorandum of Understanding (MoU) that included forged signatures.…

InfrastructureLatest Stories

Ahmedabad’s Demolition Drive Targets Illegal Builds in Vatva, Jamalpur

AHMEDABAD: The Town Development Officer (TDO) of the Ahmedabad Municipal Corporation (AMC) executed demolition drives in the Vatva and Jamalpur regions on Tuesday, focusing on illegal constructions and encroachments on public and civic lands. In Vatva, the AMC dismantled 14 illegal structures located around Bhoja Talav, situated along the Narol-Aslali Highway. Officials reported that approximately 12,540 sq m of lake land was reclaimed from encroachment. Additionally, in Lambha ward, two unused toilet blocks on Gamtal Road in Saijpur-Gopalpur were demolished, along with five compound walls. In a separate initiative, officials in the Central Zone’s Jamalpur area demolished illegal construction on…

InfrastructureLatest Stories

Gujarat to Build 5 New Satellite Towns for Urban Growth

GANDHINAGAR: In a significant move towards planned urbanization, the state government has introduced initiatives to develop towns surrounding Gujarat’s five major cities—Ahmedabad, Gandhinagar, Vadodara, Surat, and Rajkot—into fully equipped satellite towns. The Urban Development Department (UDD) has established a high-level committee to expedite infrastructure development, ensuring these new urban hubs evolve alongside their “mother cities.” As per a government notification released in October, the identified satellite towns include Kalol (under the Gandhinagar Urban Development Authority, Guda); Sanand (under the Ahmedabad Urban Development Authority, Auda); Savli (under Vadodara Urban Development Authority, Vuda); Bardoli (under Surat Urban Development Authority, Suda); and Hirasar…

Latest StoriesRegulatory

Ahmedabad Builder Owner Sentenced to Four Years in Jail

AHMEDABAD: A JMFC court in Sanand sentenced Raman Patel, owner of Popular Builders, to four years in prison for a fraudulent land transaction in Chekhla village near Ahmedabad dating back to 1996. Patel was convicted of forgery and criminal conspiracy. The court also imposed a fine of Rs 1.40 lakh, directing that Rs 1 lakh be paid to the descendants of the landowner deceived by Patel and eight accomplices, including his brother Dashrath Patel, according to district government pleader Pravin Trivedi. Both Raman and Dashrath were witnesses for the CBI in the 2005 Sohrabuddin Sheikh encounter case. In August 2020,…

IndustryLatest Stories

Ahmedabad Urges Developers to Maintain Percolation Wells for BU Permit

AHMEDABAD: The Ahmedabad Urban Development Authority (Auda) has reinforced its commitment to groundwater recharge by adding new conditions for granting building use (BU) permission. During a recent meeting, its board decided that developers must maintain percolation wells on their sites to obtain BU permission. Developers are now required to install a percolation well and provide a notarized affidavit stating, “The percolation well and the rainwater harvesting system are operational, and we will ensure their ongoing functionality.” Only after this will Auda grant BU permission. The original requirement for percolation wells in constructions exceeding 500 sq m was established in the…

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Ahmedabad’s Major Land Deal Nets ₹31 Crore Stamp Duty

AHMEDABAD: A landmark land transaction in the city has resulted in the highest stamp duty from a single sale deed to date. A 66,168 sq m plot in Chandkheda has been sold to LuLu International Shopping Malls Pvt Ltd for Rs 519.41 crore, generating Rs 31 crore in stamp duty revenue for the government. The deed was finalized on Friday at the Sabarmati sub-registrar’s office within the Ahmedabad district collector’s office. According to sources at the sub-registrar’s office, this is the largest land sale registered in Ahmedabad, thus marking a significant increase in stamp duty revenue. Officials from the state…

IndustryLatest Stories

Ahmedabad body auctions Chandkheda plot, includes service road

AHMEDABAD: Different departments within the Ahmedabad Urban Development Authority (Auda) appear to be making significant decisions without proper communication. A notable instance of this miscommunication is a recent land deal. One year after auctioning 21,685 sq m of prime land next to the SP Ring Road in Chandkheda for ₹166 crore, officials in the estate department discovered that their counterparts in the town planning department had already designated part of that land for a 9m wide service road. In response to this oversight, Auda officials hurried to rectify the situation. During the board meeting on September 30, they proposed granting…

Latest StoriesResidential

Ahmedabad Dussehra Sales Hit by Property Price Drop

AHMEDABAD: The real estate market in Ahmedabad is witnessing a slowdown this Dussehra, with demand remaining low. Experts attribute this trend to an oversupply in certain regions and rising property prices, marking this festive season as the weakest since the COVID-19 pandemic. The Confederation of Real Estate Developers’ Associations of India (CREDAI) Gujarat is hopeful for a rebound in demand, considering the potential for Ahmedabad to host the Commonwealth Games as a possible trigger. Pravin Bavadiya, former president of the Ahmedabad Realtors’ Association, stated, “While the city saw significant demand post-COVID, the current market is challenged by oversupply and escalating…