Posts Tagged ‘Koba’
Gujarat’s GIFT City kicks off today
AHMEDABAD: Gujarat’s biggest realty blitz is finally taking shape in the Koba-Raisan stretch of Gandhinagar with work on the Gujarat International Finance Tech (GIFT) City project spread over more than 500 acres kicking off quietly at Shahpur village.
Just besides GIFT City, the irrigation department is giving touches to a tender worth more than Rs 150 crore for construction of a barrage on Sabarmati near Indroda park to hold water for a ritzy riverfront for this hub.
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Real estate hogs state’s IT SEZ space (16 IT sez in Gujarat)
At least 12 out of the 16 proposals approved so far in Gujarat for setting up as many Special Economic Zones (SEZs) in the IT segment have been bagged by real estate companies that have scarcely little to do with IT or related areas.
The implications are obvious against the background of DLF Ltd, India’s largest real estate developer, successfully getting its IT SEZ in Delhi de-notified by the government even after its in-principle approval as an IT SEZ project. This would now enable the company to use 25 acres of land that the government provided for the IT SEZ, for real estate development. With 16 already approved, IT SEZs will corner the largest chunk of the total 60 to come up in Gujarat.
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