Ahmedabad witness land deals worth Rs 1000 crore along SG Highway

Call it the resurgence of realty or boom time for developers, Ahmedabad has witnessed the biggest land deals amounting to over Rs 1000-crore in just two weeks following a slump for the past two years. Most of these deals are in the Gota area, beside SG Highway.

As per the buzz in real estate circles, two major land deals that are above Rs 350 crore have become the talk of the town. According to sources, HN Safal, Gala Group and Goyal Group are in a joint deal for the land parcel of 42,000 sq yard beside Gota flyover.

Similarly, Shanku’s Party Plot of 28,000 sq yard has been reportedly sold for a record price of Rs 1.25 lakh per sq yard. The sales amount is estimated at over Rs 350 crore.

Uday Vora of HN Safal Group confirmed the news. “We are yet to finalise the kind of project we wish to launch there. But it will be a mix of commercial and retail development,” Vora said.