Surge in joint dev. projects as land price soar in Ahmedabad

26 Jun 2023 CW Team

The city's real estate scene is seeing an increase in joint development deals, with two famous developers teaming up with landowner groups to start new projects.

This tendency is considered as a reaction to the enormous increase in land prices over the last few years, which has made it difficult for developers to dedicate significant resources for land purchase.

Collaborating with landowners through joint ventures provides developers with much-needed relief, relieving their financial responsibilities, especially given the higher jantri rates and the accompanying pricey premium FSI charges.

Following the implementation of the new jantri rates, two large developers have finalised joint development agreements with various landowner groups in the last two months.

For the first time, The Baker Group has chosen a cooperative development project with a landowner group, unveiling plans for a 5 lakh square foot residential complex in Shilaj.

The Shivalik Group, too, has completed a collaborative development project at Vaishnodevi Circle.

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..