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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?