Ahmedabad Municipal Corporation proposes auction of 10 bn worth plots
Real Estate

Ahmedabad Municipal Corporation proposes auction of 10 bn worth plots

Following an unsuccessful attempt to auction off certain plots in February, the Ahmedabad Municipal Corporation (AMC) is now presenting a new proposal to auction eight different plots?six designated for commercial use and two for residential purposes. The majority of these plots are situated in the western parts of the city.

The auction proposal, presented to the standing committee, outlines a total reserve price of Rs 8.35 billion for these eight plots.

The commercial plot with the highest reserve price is located near @Mango off Sindhu Bhavan Road in the Bodakdev ward, with a valuation of Rs 3.33 billion. This 13,222 sq m plot carries a reserve price of Rs 2.52 lakh per sq metre.

Adjacent to Rajpath Club in the Bodakdev ward, another commercial plot spans 4,626 sq m and boasts a base rate of Rs 2.89 lakh per sq m?the highest ever demanded by the AMC for a commercial plot.

A third plot in Bodakdev, situated behind the Under The Neem Trees restaurant, is proposed for auction with a base price of Rs 1.25 billion. In February, the AMC had attempted a similar auction for seven plots with a combined base price of Rs 4.99 billion, but none were sold.

In addition to the three Bodakdev plots, five others in Makarba, Thaltej, Vatva, and Vejalpur are slated for auction. The reserve prices for these range from Rs 189.9 million to Rs 998.5 million, including two residential plots in Makarba and Thaltej with reserve prices of Rs 189.9 million and Rs 1.117 billion, respectively.

Approval for the sale of these plots will be sought from the standing committee on November 29. If the proposal is accepted, auction dates will be announced. An official from the AMC estate department stated that the AMC anticipates generating approximately Rs 10 billion from the sale of these plots. This move comes after the AMC's unsuccessful attempt in February to sell seven plots, including the most expensive one in the Bodakdev ward, which had a base price of Rs 2.28 lakh per sq m.

Following an unsuccessful attempt to auction off certain plots in February, the Ahmedabad Municipal Corporation (AMC) is now presenting a new proposal to auction eight different plots?six designated for commercial use and two for residential purposes. The majority of these plots are situated in the western parts of the city. The auction proposal, presented to the standing committee, outlines a total reserve price of Rs 8.35 billion for these eight plots. The commercial plot with the highest reserve price is located near @Mango off Sindhu Bhavan Road in the Bodakdev ward, with a valuation of Rs 3.33 billion. This 13,222 sq m plot carries a reserve price of Rs 2.52 lakh per sq metre. Adjacent to Rajpath Club in the Bodakdev ward, another commercial plot spans 4,626 sq m and boasts a base rate of Rs 2.89 lakh per sq m?the highest ever demanded by the AMC for a commercial plot. A third plot in Bodakdev, situated behind the Under The Neem Trees restaurant, is proposed for auction with a base price of Rs 1.25 billion. In February, the AMC had attempted a similar auction for seven plots with a combined base price of Rs 4.99 billion, but none were sold. In addition to the three Bodakdev plots, five others in Makarba, Thaltej, Vatva, and Vejalpur are slated for auction. The reserve prices for these range from Rs 189.9 million to Rs 998.5 million, including two residential plots in Makarba and Thaltej with reserve prices of Rs 189.9 million and Rs 1.117 billion, respectively. Approval for the sale of these plots will be sought from the standing committee on November 29. If the proposal is accepted, auction dates will be announced. An official from the AMC estate department stated that the AMC anticipates generating approximately Rs 10 billion from the sale of these plots. This move comes after the AMC's unsuccessful attempt in February to sell seven plots, including the most expensive one in the Bodakdev ward, which had a base price of Rs 2.28 lakh per sq m.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->