The prominent civic authorities of Gujarat at i’s administrative capital Gandhinagar and economic capital Ahmedabad have decided to raise funds by selling land plots. Ahmedabad Municipal Corporation, Ahmedabad Urban Development Authority (Auda) and Gandhinagar Urban Development Authority (Guda) plan to sell 23 plots.
AUDA. GUDA and AMC want to ease the financial stress they are facing. They expect to raise Rs 1,000 crore through sale of this land sale admeasuring 1.38 lakh square metres.
At GUDA, the process of bidding for the sale of three residential purpose plots with a total size of 10,104 sq metres has already started.
While AMC will sell 15 plots measuring 94,411 sq metres, Auda plans to sell five plots of 33,806 sq metres. Auda and AMC’s plans for the auction of their plots will be announced soon.