Following the Gujarat government's recent decision to denotify and remove 2,300 acres from the GIFT City Urban Development Authority (GIFT City UDA) and hand it over to the Gandhinagar Urban Development Authority (GUDA), the land prices in this region are expected to plummet. The change is likely to result in "no zone change" in the area, a development that real estate experts believe will further devalue the land.
Zoning ambiguity casts shadow
Realty sources suggest that this 2,300-acre land, encompassing five neighbouring villages - Shahpur, Ratanpur, Lavarpur, Pirojpur, and Valad adjacent to the Gujarat International Finance Tec-City's (GIFT City) Central Business District (CBD), will remain designated as institutional and agricultural zones.
This story is from the July 18, 2024 edition of Ahmedabad Mirror.
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This story is from the July 18, 2024 edition of Ahmedabad Mirror.
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