Ahmedabad
A city that was once hailed as the country’s prime shopping destination which introduced the concepts of modern retailing like heterogeneous product mix, air-conditioned ambiance and attractive price points is now struggling to fill up the empty space in its malls all over the city. Of the top eight retail hot spots in the country, [...] Continue Reading »
There is some good news for the commercial real estate developers as the office space absorption rose by 16 % during the first six months of this year. The property consultant Cushman & Wakefield (C & W) in a report mentioned that about 13.4 million square feet of office space in eight major cities were [...] Continue Reading »
Employees’ provident fund organization (EPFO), is gearing up to gather the information about the number of new workers coming under its ambit. There has been a proposed hike to the ceiling for provident fund coverage to a monthly salary of Rs 15,000, as against Rs 6,500 now. Special stress has been laid on the construction [...] Continue Reading »
Ahmedabad Municipal Corporation (AMC) has revealed in a recent announcement that it has plans underway to construct 10,000 houses for economically weaker sections (EWS) and Low Income Group (LIG) categories in the city, after the first draw. Similar to the other bids for housing in the city, the 10,000 housing units for EWS and LIG [...] Continue Reading »
A yard of about 4,800 square was sold by Charity Commissioner of Ahmedabad at an expensive amount. This plot was owned by Ahmedabad Panjrapole Sansthan. This cost of this plot was Rupees 368 crore. This was an attempt to increase the city’s realty market. The deal had been signed by Essam Infra which happens to [...] Continue Reading »
Hilton Group apparently has plans underway to come up with a 5-star hotel in Ahmedabad. The reported move – based on a property under construction in the city – implies that Hilton Group will join some of the other well-known hotel brands in Ahmedabad including Hyatt, and Radisson Blu, Courtyard Marriott, and Novotel. The 5-star hotel coming [...] Continue Reading »
People with special needs have a reason to rejoice, since now across Ahmedabad it is mandatory for buildings to have disabled-friendly designs. It was at the seminar which was organised by the esteem Handicap International, where it was learnt and understood how important it is to have such designs, and that the onus should be [...] Continue Reading »
Ahmedabad has topped the list of youngest realty buyers in a joint survey of 10 cities, conducted by the Indian Institute of Management, Bangalore and MagicBricks. The youngest buyers were those who came under the 18-25 age group. Titled Housing Sentiment Index (HSI), this online survey carefully screens prospective home buyers before arriving at the [...] Continue Reading »
NPI is a weighted average of supply and values across 11 cities in India. Across cities property values have either dropped or remained stable. With a 3 per cent increase Pune and Hyderabad recorded the highest rise in the city index this quarter while Ghaziabad and Ahmedabad saw a drop of 1 per cent each. [...] Continue Reading »
GM Rao, group chairman, said, GMR Group, infrastructure and aviation major, may bid for the impending privatisation of the Sardar Vallabhbhai Patel International Airport at Ahmedabad. Rao said, speaking on the sidelines of a convocation ceremony at the Entrepreneurship Development Institute of India (EDI) here, “Whenever the bid opens we may bid for the Ahmedabad [...] Continue Reading »
