Ahmedabad civic body auctions 8,060 sq m plot at Rs 151 cr

10 Jun 2021 CW Team

The Ahmedabad Municipal Corporation auctioned a prime 8,060 sq m plot in Bodakdev for Rs 151.76 crore on Tuesday. It is the highest ever bid for a single plot that AMC has received in an e-auction.

A senior AMC official told the media a developer firm Shresht Infrastructure Group had bagged the deal. Earlier on May 7, a nearby plot of 3,569 sq m was sold to a developer at Rs 77.04 crore.

According to the AMC reports, Shreshth Infrastructure had bid Rs 1.88 lakh per sq metre for the plot at Bodakdev and paid Rs 24.18 lakh more than the base price set by the AMC for that plot. The senior AMC official says that there were two bidders for that plot.

These are the commercial plots for sale, and there are 13 more to be auctioned on 1 July 2021, he said. In this time of the pandemic, it is important to raise money for infrastructure, and such strategic sales are vital, he said.

Last year on February 7, AMC aimed to raise money for more than Rs 700 crore through the e-auctioning of five plots in the city. But could not manage to raise even Rs 306 crore back then.

Image Source

Also read: BDA to tie up with real estate firms to develop vacant lands

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Urban

26 Jun 2026

PRS International marks 18 years of global advisory work

PRS International Group of Companies recently said it has strengthened its position as a sovereign-grade multinational advisory organisation, marking nearly 18 years of operations across strategic communications, institutional advisory and international cooperation. The Group, with headquarters in Washington, D.C. and New Delhi, said its work spans more than 190 countries and supports governments, multilateral institutions, investors, corporations and private clients. The organisation said its services cover government advisory, crisis management, trade and investment facilitation, nation bra..

Infrastructure Urban

26 Jun 2026

dormakaba showcases access solutions at iDAC Chandigarh

dormakaba recently participated in iDAC Chandigarh 2026 at JW Marriott, engaging with architects, interior designers, developers, hospitality professionals and industry experts. The access solutions brand showcased a range of security and architectural products, including Mechanical Key Systems, Digital Cylinder, C Lever, Lever Handle, AIDO’s SLYNK Profiled Door System and Hotel Lock. The company said AIDO’s solutions added a design-led architectural and hospitality dimension to its presence at the event. The SLYNK Profiled Door System drew attention for supporting modern interiors where ..

Infrastructure Energy

26 Jun 2026

Tata Power Secures Karnataka Transmission Project

Tata Power has won a power transmission project in Karnataka after emerging as the successful bidder in a tariff-based competitive bidding process run by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company received a Letter of Intent from PFC Consulting for a renewable energy evacuation scheme to be delivered under a Build, Own, Operate and Transfer model. The award follows a competitive selection and positions the firm to expand its transmission activities in the state. As part of the contract, Tata Power will acquire the special purpose vehicle (SPV) created f..