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Auda

On 1st of February, 2013, The Ahmedabad Urban Development Authority (AUDA) called media persons and gave presentation on the draft prepared about Ahmedabad city’s new development plan 2021. A link to this document has been presented on this page. The main highlights of the City Draft Development Plan are following: -Affordable housing zone R-AH planned in 76 sq km area encircling SP Ring Road apart from land of 38 closed mills in Ahmedabad. 15 lakh housing units planned. Per unit size will be 36-80 sq m. -218 ha land of 38 closed mills to be used for institution, education and affordable housing. -The plan follows the principles of transit-oriented development (TOD) -The plan proposes to raise floor space index (FSI) to allow high-rise development in a city witnessing unplanned horizontal growth -An FSI of 4 has been proposed within the 200 metres flanks of BRTS (bus) and MRTS (rail) corridors -10 sq km area surrounding the Sabarmati riverfront will have the highest pos...

Indian Trends

Indian Trends T he second half of 2014 was full of positive surprises for India’s real estate sector. Important events like banks lowering interest rates, RBI offering incentives for infrastructure financing and creation of real estate investment trusts (Reits) were one-of-its-kind initiatives that real estate developers cheered during last year. And, the two most remarkable events was unveiling of ‘Make-in-India’ campaign and relaxation of FDI norms in construction sector has also brought in a lot of optimism into the sector, which is most of the times riddled with controversies.   Now, when we have ushered into 2015, real estate developers and experts believe there could be even more interesting trends that would rule the real estate sector.   Lets scroll down to know what’s in store for the real estate sector in 2015.   Residential plots to rule the roost    South India will gain a lot of traction and here’s why Heritage citie...

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