Ahmedabad’s landmark Keshavbaug Party Plot finds buyer

26 Dec 2022 CW Team

The process to sell Ahmedabad’s famous Keshavbaug Party Plot has begun. The plot is around 7,400 square yards, and according to a report citing sources, city-based Aaryan Infrabuild Pvt Ltd has finalised the deal with owners of the plot and will launch a project on the plot soon. The deal size is about Rs 2 billion.

Keshavbaug Party Plot has been a landmark for more than two decades and the area has seen rapid development in recent years, including a hotel by a leading hospitality chain.

A source closely associated with the Aaryan Group confirmed the deal and said a commercial building with a built-up area of around 500,000 sq ft will be constructed on this land. “The buyer is not eyeing a tall building but will develop a unique 14-floor commercial project with high-end retail and office spaces as the demand for premium office and retail spaces is increasing and the location has good connectivity,” he said.

Keshavbaug Party Plot owners couldn’t be reached for the comment.

Tejas Joshi, president of CREDAI Ahmedabad, said, “Ahmedabad is one of the fastest growing metro cities but prices are still lower compared to other metro cities of the country. We have seen some record deals in the past one year and with growing demand for premium locations, we expect this trend to continue. With Metro train and SG Highway connectivity, property demand is increasing steadily.”

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..