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TNN / Updated: Jun 16, 2022, 05:29 IST AHMEDABAD: A aberration from the conventional trend of" ["title"]=> string(0) "" ["htmltitle"]=> string(0) "" ["parentid"]=> string(5) "30650" ["urlident"]=> string(0) "" ["displayorder"]=> NULL ["starter"]=> string(5) "30650" ["created"]=> string(10) "1655342842" ["lastcontent"]=> string(10) "1655342842" ["lastcontentid"]=> string(7) "2706264" ["lastcontentauthor"]=> string(6) "MANOJa" ["lastauthorid"]=> string(5) "78537" ["lastprefixid"]=> string(0) "" ["textcount"]=> string(1) "0" ["textunpubcount"]=> string(1) "0" ["totalcount"]=> string(1) "0" ["totalunpubcount"]=> string(1) "0" ["showpublished"]=> string(1) "1" ["oldid"]=> NULL ["oldcontenttypeid"]=> NULL ["nextupdate"]=> NULL ["lastupdate"]=> string(10) "1655342842" ["featured"]=> string(1) "0" ["CRC32"]=> string(10) "4246792705" ["taglist"]=> NULL ["inlist"]=> string(1) "1" ["protected"]=> string(1) "0" ["setfor"]=> string(1) "0" ["votes"]=> string(1) "0" ["hasphoto"]=> string(1) "0" ["hasvideo"]=> string(1) "0" ["deleteuserid"]=> NULL ["deletereason"]=> NULL ["open"]=> string(1) "1" ["showopen"]=> string(1) "1" ["sticky"]=> string(1) "0" ["approved"]=> string(1) "1" ["showapproved"]=> string(1) "1" ["viewperms"]=> string(1) "2" ["commentperms"]=> string(1) "1" ["nodeoptions"]=> string(3) "138" ["prefixid"]=> string(0) "" ["iconid"]=> string(1) "0" ["public_preview"]=> string(1) "0" ["text_nodeid"]=> string(7) "2706264" ["previewtext"]=> NULL ["previewimage"]=> NULL ["previewvideo"]=> NULL ["imageheight"]=> NULL ["imagewidth"]=> NULL ["rawtext"]=> string(2016) "[h=1]Industrialist to sell Ahmedabad bungalow for Rs 100 crore.[/h] TNN / Updated: Jun 16, 2022, 05:29 IST AHMEDABAD: A aberration from the conventional trend of big-ticket real estate deals involving land, a bunglow in the city is set to be sold for a whopping Rs 100 crore. An Ahmedabad-based [URL="https://timesofindia.indiatimes.com/topic/industrialist"]industrialist[/URL] with interests in the steel sector is selling his swanky [URL="https://timesofindia.indiatimes.com/topic/bungalow"]bungalow[/URL] on the posh [URL="https://timesofindia.indiatimes.com/topic/iskcon-ambli-road"]Iskcon-Ambli Road[/URL], according to top market sources. A developer recently signed an agreement to buy the bungalow, which stands on a plot of 4,500 square yards. According to sources, the land cost is around Rs 2 lakh per square yard. Iskcon-Ambli Road is emerging as a hotspot of ultra-luxurious residential apartments and premium office spaces. The stretch has seen land deals worth around Rs 1,500 crore in the past year. Several land deals in the past year have been sealed at prices ranging from Rs 1.80 lakh to Rs 2.70 lakh per square yard. Market sources say the bungalow deal is expected to be in this range. The Iskcon-Ambli Road has seen several transactions as developers get FSI up to 5.4 on this stretch. There has been an increased demand for residential and commercial development because the stretch is well connected to the industrial hubs of [URL="https://timesofindia.indiatimes.com/topic/sanand"]Sanand[/URL] and Changodar. Many industrialists and top executives are buying residential properties on this road. Demand for commercial properties and office space on this road is growing steadily, say real estate sector experts. [URL="https://timesofindia.indiatimes.com/city/ahmedabad/industrialist-to-sell-ahmedabad-bungalow-for-rs-100-crore-/articleshow/92240844.cms"]Industrialist to sell Ahmedabad bungalow for Rs 100 crore. | Ahmedabad News - Times of India (indiatimes.com)[/URL]" ["moderated"]=> NULL ["pagetextimages"]=> NULL ["pagetext"]=> NULL ["htmlstate"]=> string(3) "off" ["allowsmilie"]=> string(1) "0" ["showsignature"]=> string(1) "0" ["attach"]=> array(0) { } ["infraction"]=> string(1) "0" ["reportnodeid"]=> string(1) "0" ["iconpath"]=> NULL ["channelroute"]=> string(2) "96" ["channeltitle"]=> string(21) "Ahmedabad Real Estate" ["channelid"]=> string(2) "32" ["starterroute"]=> string(2) "97" ["startertitle"]=> string(27) "Gujarat Real Estate Updates" ["starterauthorname"]=> string(6) "MANOJa" ["starterprefixid"]=> string(1) "0" ["starteruserid"]=> string(5) "78537" ["starterlastcontentid"]=> string(7) "2706864" ["startertotalcount"]=> string(4) "1706" ["starterurlident"]=> string(27) 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TNN / Updated: Jun 16, 2022, 05:29 IST
AHMEDABAD: A aberration from the conventional trend of big-ticket real estate deals involving land, a bunglow in the city is set to be sold for a whopping Rs 100 crore.
An Ahmedabad-based industrialist with interests in the steel sector is selling his swanky bungalow on the posh Iskcon-Ambli Road, according to top market sources. A developer recently signed an agreement to buy the bungalow, which stands on a plot of 4,500 square yards.
According to sources, the land cost is around Rs 2 lakh per square yard. Iskcon-Ambli Road is emerging as a hotspot of ultra-luxurious residential apartments and premium office spaces. The stretch has seen land deals worth around Rs 1,500 crore in the past year.
Several land deals in the past year have been sealed at prices ranging from Rs 1.80 lakh to Rs 2.70 lakh per square yard. Market sources say the bungalow deal is expected to be in this range.
The Iskcon-Ambli Road has seen several transactions as developers get FSI up to 5.4 on this stretch. There has been an increased demand for residential and commercial development because the stretch is well connected to the industrial hubs of Sanand and Changodar.
Many industrialists and top executives are buying residential properties on this road. Demand for commercial properties and office space on this road is growing steadily, say real estate sector experts.
Industrialist to sell Ahmedabad bungalow for Rs 100 crore. | Ahmedabad News - Times of India (indiatimes.com)
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