[ad_1]
Ahmedabad: Two big land deals worth about Rs 640 crore have been done in Ahmedabad real estate. According to sources, on a plot ISKCON-Ambli Road 2.65 lakh per square yard and the deal size is around Rs 160 crore.
another plot in Science City An area of around 20,000 square yards is sold for around Rs 480 crore.
Both the plots are in the high FSI zone of 5.4 and will be commercial and residential projects respectively.
The plot in the Science City area will witness the city’s largest residential prestigious project with a built-up area of around 20 lakh sq.ft.
Sources close to the development said the price is around Rs 2.40 lakh per sq yard and the developer group, which has a few projects in Ognaj, Shilaj and Jundal areas, has planned the biggest prestigious residential project on the plot.
A source on the condition of anonymity said, “The developer is planning to build four towers of 31 floors each, which will have around 2 million sq ft of development. The deal is in progress and will take a few months to complete.”
by real estate industry According to sources, the size of the ISKCON-Ambli Road plot is around 6,000 square yards and is owned by a textile businessman.
The plot has been bought by a leading realty developer who has developed several commercial and residential projects in West Ahmedabad in partnership with another leading group.
However, this plot has been bought by only one group and it will start a commercial project.
Sources said that the process of sale deed registration would be completed soon.
Praveen Bawadia, former president of the Ahmedabad Realtors Association, said, “ISKCON-Ambli Road has witnessed huge demand for premium offices and residential properties. The stretch has witnessed increasing interest from the developer community. Science City Road has emerged as An ideal residential area over the years given its connectivity with SG Highway and SP Ring Road.”
buys the most expensive rights on Venus Gift CityGIFT City is witnessing an increasing demand from developers. Venus Group Received the allotment of land parcel for its first commercial project at GIFT City.
According to sources, the developer has bought the development rights through auction and the price is Rs 1,800 per sq ft, making it the most expensive development rights in GIFT City.
Rajesh Vaswani, chairman of Venus Group, would not comment on the price. However, he added, “GIFT City is the first operational smart city in India and has attracted several national and international financial institutions including banks, insurance companies, broking houses and stock exchanges, leading to a spurt in the demand for office space. We Going to launch a commercial project, which will have about five lakh square feet built-up area.
[ad_2]
Source link