The Sabarmati River Front Development Corporation, a special purpose vehicle (SPV) of the Ahmedabad Municipal Corporation (AMC), has invited bids for real estate and/or recreational development at Sabarmati River Front Development (SRFD) Project in Ahmedabad, Gujarat.
The due date for submission of the expressions of interest (EoI) is 20 February 2021.
The Sabarmati Riverfront is developing on approximately 500 acre of land. Around 85.5 percent of the project area will be used for public infrastructure, recreational parks, sports facilities and gardens.
On the remaining land development rights in the form of built-up area will be sold for commercial development and the required footprint will be given on lease.
SRFDCL has appointed Jones Lang LaSalle (JLL), international property consultants, for providing consultancy services for preparing land monetisation strategy and sale/auction of development rights of built-up area of the plots in SRFD Project area.