Tag: Asset Monetisation Cell

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Ahmedabad civic body aims to monetize 209 properties

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) established its Asset Monetisation Cell in March 2025 and has selected a consultant to develop strategies for generating revenue from civic properties. In the initial phase, the consultant will focus on monetizing over 209 assets, such as 20 gardens, 25 schools, 50 community halls/party plots, and 10 lakes. The AMC aims to create revenue streams by establishing amusement parks or food courts on land within city gardens and near lakes. Officials indicated that management of community and party plots might be outsourced to private contractors. Additionally, school buildings could be leased out during non-operational…

IndustryLatest Stories

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,…