Ahmedabad News Roundup | 'Built-to-Rent' model in real estate, wolves returning to Kankaria & more
From city developers embracing the 'Built-to-Rent' model for commercial spaces to wolves returning to Kankaria Zoo after 25 years to the upcoming Flower Show highlights – Explore the latest in the city with this Ahmedabad News Roundup.
City developers embrace 'Built to Rent' model in commercial spaces
Ahmedabad's real estate landscape is experiencing a notable shift as developers respond to the escalating demand for commercial and corporate spaces.
The emerging trend leans toward the 'Built to Rent' model, where developers are exclusively designing projects for lease or rental purposes rather than outright sales. This trend is particularly pronounced in the western part of Ahmedabad.
New residents to join Kankaria Zoo: Wolves return after 25 years
Kamla Nehru Zoological Park at Kankaria is set to welcome new members to its family after a quarter-century hiatus. Wolves are making a comeback, made possible through a collaborative effort among zoos across India to exchange animals. In exchange for the wolves, Kankaria zoo will contribute some of its 60 pythons and 40 rosy pelicans.
City gears up for Flower Show at Riverfront Garden
Commencing this Saturday at the riverfront flower garden, the city is abuzz with anticipation for the upcoming flower show running until January 15. Admission will be granted from 9 am to 10 pm, offering visitors the chance to marvel at over 15 lakh flower plants.
A stunning 400-meter-long flower structure, crafted from more than 7 lakh saplings, is a central highlight. The show will be featuring replicas of Vadnagar's archway and various themes such as Vibrant Gujarat, Statue of Sardar Vallabhbhai Patel, New Parliament Building, Cartoon Characters, Modhera Sun Temple, Seven Horses, Chandrayaan, Women Empowerment, and the Olympics.
Municipal Corporation to develop reserve plots for youth sports
In a bid to foster youth engagement in sports in Ahmedabad, the municipal corporation is taking proactive steps to develop reserve plots as municipal playgrounds in various areas. These plots will feature amenities such as drinking water bars and toilets to enhance the experience for young players.
Recognizing the diminishing sports grounds in the city, the corporation is planning spaces where residents can enjoy various sports like cricket, volleyball, and football.
Affordability Index reveals Ahmedabad is an affordable city to live
As urbanization and population influx strain financial capacities, owning property in India's major cities becomes increasingly challenging. Knight Frank India's proprietary Affordability Index highlights the proportion of household income required to fund monthly housing unit instalments (EMI) in specific cities.
Mumbai emerges as the most unaffordable city, while Ahmedabad and Kolkata stand out as some of the most affordable spaces.
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