Ahmedabad
104 acre land near Shela village on the outskirts of Ahmedabad, has been sold off by Sahara Group to HN Safal Group at a throwaway price of Rs 600 crore. Initially Sahara had planned to build an Rs 450 crore township of 4,000 homes on the property located on outer SP Ring Road. The deal [...] Continue Reading »
Gujarat high court stayed Dharmdev Infrastructure Ltd from doing any construction on the land of the Musa Suhag graveyard in Shahibaug and has also send notice to Ahmedabad Sunni Muslim Waqf Committee, Gujarat State Waqf Board, district collector, AMC and revenue officials. A request has come to HC by Petitioner Munsafkhan Pathan to direct the [...] Continue Reading »
In Q1 2013, a net absorption of 189,600 sq ft was recorded in Ahmedabad, whereas in Q1 2014, the city posted 607,500 sq ft absorption. The figures are quoted from a study by Cushman & Wakefield. The absorption was concentrated in of Gandhinagar (66 per cent), Prahladnagar (25 per cent) and Sarkhej-Gandhinagar Highway (10 per [...] Continue Reading »
The road trip to Udaipur will now be costlier because the NHIA has increased the toll tax on Udaipur-Shyamalaji-Ahmedabad by Rs 5 to Rs 20 for different category of vehicles. An official announcement regarding this was made recently. The average increase in the monthly expenses for vehicles that use the expressway is estimated to be [...] Continue Reading »
In the capital of Gujarat, over 60 vendors associated with the Ahmedabad metro project are sitting on a ‘dharna’ in Gandhinagar for protesting against non-payment of dues of about Rs 70 crore.These vendors state that their dues are pending since last six months. Jatin Bhayani, chairman of MEGA Vendor Welfare Association which was formed recently [...] Continue Reading »
Fresh loans worth Rs 1,375 crore have been granted to 18,510 beneficiaries during the third quarter September-December last year as a decrease of 55% from the same period in 2012. A record shortfall in demand for home loans last year has been led by the slowdown in real estate and overall economic slump. The fall [...] Continue Reading »
Further delays are being faced by Ahmedabad airport for its privatisation. Recently Madras High Court vacated a stay on the privatisation process, now the Airport Authority of India (AAI) is in anticipation of an approval on a concessional agreement from the Ministry of Civil Aviation. After such an approval will the authority be able to [...] Continue Reading »
On Monday illegal constructions spread over 485 sq ft in residential plot No 21/2 and 24/2 in TP schemes 56 on Narol-Vatva Road near Neelam Traders in Isanpur ward was demolished by the estate and anti-encroachment department. After it was found that the commercial complex which was under construction was being erected without proper permission, [...] Continue Reading »
Over the years, real estate has grown vastly in the prime cities of India such as Mumbai, Delhi-NCR, Chennai, Bangalore and Kolkata. The leading cities witnessed rapid growth with the wide-spreading industrialisation attracting massive population. After the tier-1 cities, now it’s time for the tier-2 and tier-3 cities to see significant pressures on their infrastructure [...] Continue Reading »
Reports suggesting that National Highway Authority of India’s (NHAI) decision to allow highway developers to collect toll from the highway users first and pay later to NHAI was overturned by the Law Ministry, have recently surfaced. The road ministry has vocally confirmed that the affair of permitting road companies to collect toll now and pay [...] Continue Reading »
