Ahmedabad News Roundup| Ashram road redevelopment project, 4% rise in city property prices and more

From Ashram Road's redevelopment as 'Gaurav Path' to a 4% surge in the city's residential property prices to the digital transformation of Garba events this year and more, catch up with the latest news and updates from the city and the state in this Ahmedabad News Roundup.

Ashram Road, one of Ahmedabad's busiest and oldest routes, connecting the Sabarmati Ashram and Kocharab Ashram, is slated for a comprehensive redevelopment project. In a fitting tribute to Mahatma Gandhi, the road will be modelled on 'Gaurav Path'. The Ahmedabad Municipal Corporation (AMC) has initiated a tender worth Rs 35.75 crores for this monumental project.

Ahmedabad's residential real estate market has experienced an upswing. According to the latest report from Knight Frank India, titled 'India Real Estate Q3 2023,' the city witnessed a surge in residential sales during the third quarter with 4,108 units sold during this period, marking a substantial increase from the 1,978 units sold in Q4 2022.

This data reveals that the city's residential sales have grown by an impressive 6%. The ripple effect of this surge has also translated into a significant uptick in property prices, which have risen by up to 4%.

In this age of digitalization, city's Garba events are also embracing modern trends with online marketing and digital passes. Organizers have recognized the advantages of maintaining an online presence and selling digital passes, as it provides them with a broader audience while offering convenience to both sellers and buyers.

Despite the dilemma caused by predictions of rain, the sale of Garba passes continues unabated.

The state government announced the Gujarat Renewable Energy Policy 2023 on Wednesday, aiming to foster the growth of renewable energy generation projects, with a specific focus on wind, solar, and hybrid technologies. This comprehensive policy encompasses various key renewable energy sources and underscores the government's commitment to sustainable energy initiatives.

The state government has set an ambitious target to achieve 50% of its renewable energy goal by 2030, with an estimated investment of Rs 5 lakh crores, signaling a strong commitment to a sustainable and green future.