AHMEDABAD: Continuing its aggressive land monetisation drive, the Sabarmati Riverfront Development Corporation Limited (SRFDCL) has announced a fresh auction for two prime commercial land parcels along the iconic Sabarmati Riverfront, with a combined base price starting at ₹224 crore.
The move marks another major step forward in unlocking high-value real estate potential along Ahmedabad’s premier urban waterfront, aiming to attract top-tier commercial developers and hospitality giants.
Key Highlights of the Sabarmati Riverfront Auction
- Prime Locations: The plots are strategically positioned along the riverfront, designed exclusively for mixed-use commercial developments (excluding residential projects).
- Lucrative Base Value: The combined base price has been set at ₹224 crore, reflecting the surging valuation and premium market demand for commercial spaces in Ahmedabad.
- Boosting Commercial Infrastructure: The policy allows for high-end business centers, corporate offices, upscale retail outlets, and entertainment hubs, further transforming the city’s skyline.
Driving Ahmedabad’s Self-Sustaining Urban Model
The Sabarmati Riverfront project continues to function as a financially self-sustaining model, relying on strategic land sales and commercial leases rather than government-funded exchequers. Following previous successful land parcel transactions that set new benchmarks in Ahmedabad’s real estate sector, this latest round of auctions is expected to draw aggressive bidding from major regional and national developers.
SRFDCL has invited structured proposals through its official tendering process, with strict adherence to architectural and volumetric development control norms to preserve the aesthetic and environmental integrity of the riverfront.
As Ahmedabad cements its position as a fast-growing economic and infrastructural powerhouse, these upcoming land parcels are anticipated to further elevate the city’s commercial landscape.
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