From city property rates doubling as developers transition to the ‘RERA Area’ concept to Flower Show 2024 drawing over 3 lakh visitors in a week, and SVPI Airport preparing to welcome a record 400 flights. Stay updated with the latest in the city through this Ahmedabad News Roundup.
Ahmedabad real estate shifts to ‘RERA Area’ concept, property rates double
Developers in Ahmedabad have traditionally sold residential and commercial properties based on the built-up area. However, a recent shift to the ‘Rera Area’ concept, which includes the carpet area along with utility and lobby spaces, has led to a doubling of property rates in the city.
Acquiring property in Ahmedabad has now become as expensive as in India’s major metropolitan and Tier-1 cities, with rates ranging between Rs 7000 and Rs 25,000 per square foot.
Flower Show 2024 draws over 3 Lakh visitors in a week
The ‘Vibrant Ahmedabad Flower Show 2024’ at the Sabarmati Riverfront Event Center has garnered significant attention and attendance. Over one week, the flower show has attracted 3.11 lakh visitors who purchased tickets, and a total of more than 4 lakh attendees, including children. The Municipal Corporation has earned a revenue of 1.80 crores in seven days, with the highest attendance recorded on December 31, with 1 lakh visitors.
Daily attendance has exceeded 45 thousand people, prompting the municipal corporation to extend the show’s closing time to 11 pm from 10 pm. With free entry for children under 12, the daily visitor count surpasses 45,000.
Record 400 flights expected at SVPI Airport
The 10th Vibrant Gujarat Global Investors Summit is scheduled to take place in Gandhinagar from January 10-12. The event will be attended by Presidents from four countries, Governors, and Ministers from 18 countries, along with 1 lakh delegates from 14 nations. Prime Minister Modi will inaugurate the program on January 10 in Gandhinagar.
VVIP dignitaries, including domestic and international businessmen, will arrive at Ahmedabad airport in jet planes. A record of 400 flight movements is expected during the three days, with more than 150 chartered flights from both domestic and international locations. Parking inquiries for chartered planes have already commenced.
