boomtowns: Riverfront realty on roll [Ahmedabad]

Architexturez. wrote:
> | another one from the folks who brought you the
> | bye-bye delhi laws.
>
> Riverfront project for cleaner Ahmedabad environment
>
> Ahmedabad: The development of the Sabarmati riverfront will help this 
> principal city of Gujarat acquire a cleaner environment and open up more 
> space in the heart of Ahmedabad, a top official said here Tuesday.

Riverfront realty on roll, AMC hits paydirt

Plans to sell 34 hectares of reclaimed land by floor space, pocket Rs 
458.54 crore

Mahesh Langa

Ahmedabad, March 11: As work on the Sabarmati Riverfront project enters 
the third stage, properties along the river bank, especially between 
Nehru Bridge and Usmanpura, have become hot stuff. So much so that now 
the Ahmedabad Municipal Corporation (AMC) plans to sell reclaimed land 
along the river bank according to floor space, says riverfront architect 
Bimal Patel. A deal that may add Rs 458.54 crore to AMC coffers, say AMC 
officials.

Of the 162.80 hectares the Sabarmati Riverfront Development Corporation 
(SRDC) is in the process of reclaiming, there are plans to sell 34 
hectares (21 per cent) for residential and commercial purposes. The 
reclaimed land will take the shape of a 20.5-km stretch from the Vasna 
barrage to the Narmada main canal near Gandhinagar.

The prices of residential properties, built in the early ‘60s, next to 
the river bank have been climbing in tune with progress on the 
riverfront project.

cont'd....
http://cities.expressindia.com/fullstory.php?newsid=226148