Sabarmati project realty development next year

AHMEDABAD: Real estate development at the Rs 800-crore Sabarmati River Front project is all set to begin by the end of this financial year, reports Avinash Nair.

About 22% of the total 168 hectares of land reclaimed as part of this key landmark project will be open for developments in both commercial and residential segments, states a report from Jones Lang LaSalle Meghraj (JLLM), a global real estate consultancy firm.

���About 22% of the land (34 hectares) will be released for sale for the development of commercial and residential properties on the riverside. These developments in the centre of the city will result in the expansion of the city���s already established business districts like Ashram Road, the walled city, Shahibaug, Kalupur and Relief Road,��� says the report.

According to Ahmedabad Municipal Corporation (AMC), the civic body handling the project, the reclaimed land would be available for real-estate developments as early as December 2008.