Amrapali Group Gujarat and Venus Group entered into JV Deal in Ahmedabad, Gujarat

Amrapali Group Gujarat and Venus Group entered into JV Deal in Ahmedabad, Gujarat

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5 year(s) ago

Amrapali Group, Gujarat, Venus Group entered into a Joint Venture in Ahmedabad for a Retail cum office project on Ahmedabad’s Sindhu Bhawan Road. Real estate developers Amrapali Group, Gujarat and Venus Group have signed JV Deals in Ahmedabad at SBR Road to develop a commercial project on a prime location in Ahmedabad.

Project Details:

  • Location: Sindhu Bhawan Road (SBR), Ahmedabad
  • Land Area: 15,000 sq ft
  • Estimated Value: Over Rs 400 crore
  • Project Type: Retail-cum-office space
  • Building Structure: Three levels (ground floor + two floors)
  • Floor Space Index (FSI): 1.8 (R-2 zone)

Market Trends:

  • G+2 premium retail spaces are in high demand.
  • SBR and Ambli-Bopal Road are popular areas for commercial retail projects due to strong demand.

Land Prices:

  • SBR: Rs 2.5 lakh – Rs 2.8 lakh per sq yd (main road)
  • SBR: Rs 1.75 lakh per sq yd (internal roads)
  • Ambli-Bopal Road: Rs 2.25 lakh per sq yd (enjoys FSI of 4 due to BRTS stretch)

Project Significance:

  • This project caters to the growing demand for premium commercial space in Ahmedabad.
  • The location on Sindhu Bhawan Road offers high visibility and accessibility.
  • The G+2 floor structure aligns with current market trends for retail spaces.

Overall, this joint venture signifies Ahmedabad’s thriving commercial real estate market. The project is expected to provide modern retail and office space in a high-demand area.

 

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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