A certificate course on real-estate laws regarding the three tiers of regulations the centre, state and local laws has been launched by the Gujarat National Law University, Gandhinagar GNLU. Aimed at real-estate stakeholders regarding real-estate laws, this is their second endeavour in promoting these laws following a national symposium of realty law organized recently. Gift City Latest Update certificate course was attended by developer, developers, real-estate agents, housing finance institutions, architects, civil engineers and lawyers. Designed and coordinated by Anand Shrivas CCEL Research Fellow on Real-estate Laws, the course will be conducted across India to train real-estate professionals in the legal aspects of real-estate .
At last, standing committee of Surat Municipal Corporation SMC has approved construction of cement roads worth around Rs 54 crore inside Pandesara GIDC. According to a civic officer the Gift City News is eligible to get Rs 39 crore and the project has been included in the state government’s critical infrastructure scheme. The project now will be presented under the state government’s vital infrastructure scheme to get utmost funds. The remaining cost would be shared evenly by the civic body and the entrepreneurs of Pandesara GIDC.
Pandesara industrial estate has over 600 textile processing, weaving, engineering, and chemical and other auxiliary units. Entrepreneurs of Pandesara are happy that the standing committee has given a go ahead to the road construction proposal as this was sufficiently needed since a last couple of years. The industrial units have been facing problems since the last five years such as big pot holes and crater such as formations on the roads due to the plying of heavy vehicles and water tankers had made the things tough for the entrepreneurs, staff, visitors and workers.
The city of Sanand at the Ahmedabad district of Gujarat is a well-known hub of automobiles. It is a satellite town ruled by the Vaghela dynasty in the past. The town is well famous for its heritage in music. The famous Hindustani musician late Maharaja Jaiwant Sinh Vaghela was from this royal family and he was the ‘Guru’ of Pandit Jasraj. Indians considering such strong musical culture are getting attracted to this town. Real-estate investors are quickly capitalizing in this area for its potential to represent the strong culture of Gujarat and India. The city too has traditional Gurukul-such as music institutes, attracting music students. Real-estate developer should note.
A new company is entering the real-estate market of Gujarat, a very successful businessman Girish Patel founder of Paras Pharmaceuticals is planning to build a 170-acre integrated township project at Sanand, a city lays in Ahmedabad district. After selling his stake in Paras in 2010, for Rs. 1, 000 crore, he turned investor and now aims to be a developer. Mr. Girish is closely working on the real-estate project planned at Sanand, which he thinks has the potential to develop into the next Gurgaon. Sanand is hardly 30 km from Ahemadabad and is close proximate to German engineering major Bosch Rexroth, and 2 km from Tata’s Nano project and Ford India’s upcoming plant.
He is planning to develop the township in partnership model, as his partner has another 100 acres adjacent to my plot, and they can develop a much bigger project. Their existing plan comprises to develop a township with residential apartments, commercial complexes, malls, movie multiplexes, a hospital, a school, and a hotel of a four-or-five star category. According to industry sources, the net investment on the project could be to the tune of Rs 2,500 crore.422