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24 Jun 2026
• Ahmedabad Municipal Corporation (AMC) has introduced a property tax waiver scheme for commercial properties that make their parking spaces available to the public free of charge.
• The initiative aims to address parking shortages, reduce roadside parking and improve traffic movement across the city by utilizing existing private parking infrastructure.
• Malls, hotels, hospitals, educational institutions, theatres, gyms, party plots and other non-residential properties can avail of the benefit subject to compliance with AMC norms.
• Property owners will have to register their parking spaces, disclose parking capacity and allow public access through AMC's designated system.
• The move forms part of Ahmedabad's broader urban mobility and traffic management strategy as vehicle ownership and parking demand continue to rise.Read more
20 Jun 2026
Arvind SmartSpaces Limited (ASL) has signed a joint development agreement for a residential plotted development project on the Kerala-Nalsarovar Road corridor in South Ahmedabad. Spread across 58.25 acres, the project will offer a saleable area of approximately 2.5 million sq ft and has an estimated revenue potential of around INR 180 crore. The acquisition strengthens the company’s presence in Ahmedabad’s horizontal housing market, where demand for plotted developments and second-home projects has been rising. The project aligns with ASL’s asset-light growth strategy and expands its portfolio in a micro-market benefiting from improving infrastructure connectivity and increasing residential interest.Read more
19 Jun 2026
Ahmedabad’s residential property market is set for a price increase of 5–10 per cent from 1 July, driven by a sharp rise in construction costs across key input materials. Developers in the city have indicated that escalating prices of steel, cement, and other building components, coupled with global supply disruptions, are compelling a revision in housing rates. Industry stakeholders, including developer bodies, attribute the cost escalation partly to geopolitical tensions affecting supply chains. The revision is expected to impact both ongoing and new residential projects across Ahmedabad.Read more
19 Jun 2026
Indian Railways has approved the installation of Kavach Version 4.0 across 598 route kilometres covering 48 block sections of the Ahmedabad Division of Western Railway in Gujarat, at a sanctioned cost of INR 140 crore. The project, approved under the umbrella programme for Kavach deployment with an LTE-based communication backbone on balance routes, covers the remaining sections of the division not previously brought under the system. With 702 route kilometres already sanctioned earlier, the fresh approval completes Kavach coverage across the entire Ahmedabad Division, furthering Indian Railways' network-wide safety modernisation drive.Read more
16 Jun 2026
• Gujarat is planning a dedicated space manufacturing hub near Ahmedabad to strengthen its presence in India's rapidly growing space sector.
• The proposed ecosystem will support startups, private companies, and component manufacturers with advanced infrastructure and testing facilities.
• A INR 100-crore testing centre is also being planned to help space-tech firms develop and validate their products domestically.
• The initiative aims to attract investment, generate high-skilled employment, and position Gujarat as a major destination for aerospace manufacturing and innovation.Read more
15 Jun 2026
Ahmedabad-based Prozeal Green Energy is preparing to launch its INR 700 crore initial public offering (IPO) in the second quarter of FY27 after receiving regulatory approval from SEBI. The development comes shortly after the company secured a major contract from ONGC to develop 250 MW of captive, interstate transmission system (ISTS)-connected wind power projects worth over INR 2,000 crore. The order marks Prozeal's entry into the utility-scale wind energy segment and strengthens its position in India's growing renewable energy sector as it looks to expand operations and support future growth.Read more
10 Jun 2026
The Ahmedabad Municipal Corporation (AMC) has introduced a new policy requiring developers and utility agencies to bear the cost of traffic congestion caused by road excavation and construction activities. The framework links penalties to the extent of disruption created on public roads and is aimed at improving traffic management, reducing prolonged road occupation and ensuring faster restoration of excavated stretches. Civic officials have stated that the measure forms part of a broader effort to improve urban mobility and strengthen accountability among agencies carrying out infrastructure and development works across the city.Read more
03 Jun 2026
• Gandhigram railway station in Ahmedabad has been added to the long-distance express network with the launch of its first express train service.
• Western Railway has introduced a special train service connecting Gandhigram with Prayagraj, marking a new operational milestone for the station.
• The move is aimed at improving direct connectivity for passengers in western Ahmedabad, particularly in surrounding residential and commuter catchments.
• The development is part of broader efforts by Indian Railways to expand boarding points and decongest major terminal stations in the region.Read more
28 May 2026
The Gujarat government has announced the reconstruction of the hostel complex of B J Medical College in Ahmedabad, which was severely damaged in a previous Air India crash at the site. The state plans to develop a modern facility at an estimated cost of INR 105 crore, with support from Tata Group, which has agreed to contribute INR 53.12 crore for the damage. However, families of victims have requested that the location be preserved as a memorial space for reflection and remembrance, seeking consultation before any final redevelopment decisions are taken.Read more
20 May 2026
Ganesh Housing Corporation has launched Million Minds Tech City, an IT Special Economic Zone (SEZ) project in Ahmedabad, nearly 18 years after the original land allotment process began. The proposed development is aimed at attracting Global Capability Centres (GCCs), technology companies and innovation-led businesses to Gujarat. Planned as a large integrated commercial hub, the project is expected to strengthen Ahmedabad’s position in India’s office leasing market as cities beyond Bengaluru and Hyderabad increasingly compete for technology and back-office investments from multinational occupiers.Read more
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12 May 2026
The Ahmedabad Municipal Corporation (AMC) has generated INR 365.8 crore through the online auction of two commercial land parcels in Bodakdev, Ahmedabad. The auctions received strong participation from developers and investors, reflecting sustained demand for premium commercial locations in the city’s western corridor. While the two Bodakdev plots secured successful bids above or close to the reserve price, three other plots in Thaltej, Motera and Shilaj did not receive bids. The transactions are expected to be finalised after approval from AMC’s reconstituted standing committee following the recent municipal election process.Read more
29 Apr 2026
Venus Group has completed a transaction involving 2,07,838 sq ft of Grade A office space at Stratum, Nehrunagar, Ahmedabad, marking one of the first instances of a developer-led commercial asset from the city being institutionalised under a REIT structure. The asset has been leased and monetised through PropShare Celestia, with the associated scheme witnessing 1.33 times subscription for an issue size of INR 244.65 crore. The fully leased property houses multinational and Fortune 500 tenants, reflecting growing investor interest in income-generating commercial assets in emerging real estate markets beyond major metros.Read more
24 Apr 2026
The Ahmedabad Municipal Corporation intensified enforcement against environmental violations by penalising multiple construction sites across the city. Action was taken against projects in areas such as Gota, Bodakdev and Chandlodia for failing to comply with dust control norms, including the absence of green nets and improper material handling. Penalties ranged from INR 25,000 to INR 2 lakh, with some sites also facing additional action for encroachments and road dumping. The move forms part of a broader push to curb construction-related air pollution and enforce compliance under the city’s Good Construction Practices policy. The crackdown highlights increasing regulatory scrutiny amid rising construction activity and air quality concerns in Ahmedabad.Read more
22 Apr 2026
Ahmedabad’s real estate sector is currently facing operational pressure due to shortages of key construction materials and a declining availability of labour. Developers have reported disruption in project execution as items like aluminium pipes, CPVC products, ceramics, and electrical fittings are not consistently available in the market. Along with supply issues, unstable pricing is affecting budgeting and cost planning. At the same time, a shortage of skilled and semi-skilled workers is slowing construction activity, leading to delays in project timelines and added strain on margins across ongoing developments in the city.Read more
20 Apr 2026
PropShare Celestia, a Small and Medium Real Estate Investment Trust (SM REIT) sponsored by Property Share Investment Trust, saw its INR 244 crore initial public offering subscribed 1.33 times at close. The issue attracted bids worth INR 324 crore, with strong interest from the other investors segment at 4.81 times subscription, while institutional participation remained modest at 17 per cent. The IPO, priced between INR 10 lakh and INR 10.50 lakh per unit, comprises a fresh issue with no offer for sale. Proceeds will be utilised to acquire seven floors in Venus Stratum, a Grade A+ commercial building in Nehru Nagar, Ahmedabad. The units are proposed to be listed on the BSE, with Ambit as lead manager.Read more
12 Apr 2026
The Ahmedabad Municipal Corporation (AMC) has introduced revised parking regulations placing direct responsibility on property owners to manage vehicle parking within their premises across the city. Under the new framework, owners of residential and commercial buildings must ensure that vehicles belonging to occupants and visitors are accommodated internally, with strict restrictions on roadside and public-space parking. Non-compliance could result in suspension or cancellation of building usage permissions under existing development control regulations. The rules also mandate appointment of parking managers, installation of signage, and submission of annual self-declarations confirming compliance. The move forms part of the civic body's broader efforts to address traffic congestion and improve urban mobility across high-density areas.Read more
10 Apr 2026
The Ahmedabad Municipal Corporation (AMC) has intensified enforcement of its Good Construction Practice Policy by sealing three construction sites in the Gota area in the past week for failing to implement mandatory dust mitigation measures. The projects Evera, S Plus and Solo Bliss 2 were found non-compliant with requirements such as green netting and barricading to control particulate emissions. One of the sites was additionally fined INR 1 lakh for spilling construction material onto a public road, creating a traffic hazard. The crackdown extended to other parts of the city, with additional penalties imposed in Bodakdev and Thaltej for pollution and safety violations. The drive also included removal of encroachments along a key service road to ease traffic movement.Read more
05 Apr 2026
The Ahmedabad Urban Development Authority (AUDA) is preparing to release its draft Development Plan 2041, marking a shift from the conventional 10-year planning cycle to a 20-year framework. The plan is expected to expand the authority's jurisdiction across parts of Ahmedabad, Gandhinagar, and Mehsana, while integrating infrastructure, land use, and environmental strategies. It is being positioned in the context of Ahmedabad's bid to host the 2036 Olympic Games and the 2030 Commonwealth Games. The draft is likely to include provisions for industrial relocation, revised zoning regulations, and new greenfield development areas. Authorities are also aligning the plan with regional economic corridors and long-term urban infrastructure requirements.Read more
01 Apr 2026
Property Share Investment Trust has announced the launch of an initial public offering (IPO) for PropShare Celestia, valued at INR 244.65 crore, with subscriptions opening in the coming days. The issue, priced between INR 10 lakh and INR 10.50 lakh per unit, will fund the acquisition of seven floors in a Grade A+ commercial building in Ahmedabad. The asset, located in Nehru Nagar, spans over 2 lakh sq ft and is fully leased to a mix of managed office operators and a multinational tenant. The offering represents the trust's third SM REIT product, reflecting the gradual expansion of fractional institutional ownership structures in India's commercial real estate market.Read more
24 Mar 2026
The Ahmedabad Municipal Corporation (AMC) has demolished 20 residential houses and four shops in the Narol area to facilitate the development of an 18-metre-wide road under Town Planning Scheme 60. The action, carried out after prior notices to occupants, cleared approximately 3,510 square metres of land required for a 195-metre road stretch. Officials stated that the structures were obstructing the approved road alignment and had not been voluntarily removed despite warnings. The demolition was executed in the presence of police to ensure compliance and maintain order. The move forms part of the city's broader infrastructure push aimed at improving urban mobility and implementing planned development layouts across emerging corridors in Ahmedabad.Read more
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