Ahmedabad is known for its spending power and retail potential. It is abuzz with retail activities. Pantaloon Retail is planning to open its fifth central mall in Ahmedabad by 2009. Its retail chain, Big Bazaar will set up 12 more stores there. Pyramid Retail has signed up for property here. Liberty Shoes has set up Foot mart Retail and is opening its flagship store in Ahmedabad.
Ganesh Housing Ltd., which has constructed the first ever project to have earthquake resistant scheme plans to set up an IT park for Rs. 700 crore. The company which has a research and development team to analyze traditional and new technology has introduced Wi-Fi enabled 'Smart Homes' with digital security and solar passive architecture.
Multiplexes have been dotting the landscape of Ahmedabad. There are major projects under implementation. City Pulse will come up on a proposed area of 10 acre in Maninagar, a new development that has come up adjacent to the old city area on a lake.
Major builders in the city including N.G Developers, Navratna, BGP Builders and Saumya Constructions have their hands full in commercial projects. Other players looking at reaping the benefits in the real estate market are also big names like DLF, K Raheja Group, Unitech, Parsvnath and some others. Construction giant DLF is investing in a project that has been identified for urban infrastructure development in the city along with the Sabarmati riverfront project and integrated public transit system.
The Adani group is planning a Rs. 2000 crore plus mega township near Nirma University on SG highway.
Ahmedabad with new kinds of planning is becoming a trendsetter of sorts .A
golf housing community project situated close to the Nal Sarovar Bird
Sanctuary will be the first of its kind. The 600-acre Kensville project
will have residential plots on the fairways. It is not very highly priced.
The rates vary from Rs.600 per sq yd to Rs. 1100 per sq yds for plots
ranging from 1000 sq yds to 3500 sq yds.
Architect Hiren Patel is involved in a project called Vraj gardens which
will have private farm houses and bungalows with customized designs.
The project aims to incorporate landscaped gardens, extensive water
features, gazebo seating outside, glass corridors between rooms and
other features.
One of the projects of Heritage Group called the 'Heritage Skies' is
being designed by architect Hafeez Contractor. It will create new point
of reference for real estate in
Ahmedabad in terms of detailing and certain other features. The
Heritage Group has projects of all kinds including bungalow schemes
and farmhouse schemes. A lifestyle community is being developed with
300 bungalows
The most talked about Niho's Scottish Mall will be spread over an area
of 4.5 lakh sq ft. at a cost of Rs. 180 crore. The proposed exhibition
cum convention centre at Ahmedabad would involve investment of $9.2
million, which will further boost commercial activity in the city.
