Archive for October, 2008
Ahmedabad: Construction in full swing at ‘Sahara City Homes’
The construction at ‘Sahara City Homes’ Ahmedabad, the flagship project of Sahara Prime City Limited, the real estate company of Sahara India Pariwar is in full swing. The township has obtained approvals from government authorities for construction of residential units. Development work is underway with the construction of Quality Control Lab, Main Gate, model house [...]
Nano drives up land prices in Sanand, Ahmedabad
The much talked about Nano project has found a new home in Gujarat, driving the land prices there to an all time high with a 200 per cent hike in just one fortnight.
Father of newborn twin daughters, Shrenik Shah, a businessman, has lost lakhs of rupees in the last few months on the stock market [...]
Mum-bhais chasing defaulting A’bad realtors
When the going gets tough, the tough get going. But in Ahmedabad, some big-shot realtors, who till recently ruled the roost, are scampering for cover.
For hot in pursuit are Mumbai’s underworld dons, apparently hired by Mumbai-based moneylenders to recover money they had lent to ambitious Amdavadi realtors. According to sources, the global financial meltdown [...]
Latest ship simulation tech comes to India
There is some good news for companies that have chalked out plans to development ports and terminals in Gujarat. They will now be able to conduct the mandatory ship simulation and manoeuvring studies in Ahmedabad or Mumbai, instead of going to foreign countries.
BMT Consultants India — part of UK-based port management and consultancy group [...]
Will Nano drive affordable homes into Ahmedabad
It’s not just the car mart that Ratan Tata’s ‘Lakhtakia’ car is set to revolutionise. For mega city Ahmedabad, it could well drive in a Nano effect in realty that’s been languishing for want of takers due to exorbitant pricing.
After all, just like there is a huge demand for a cheap car, there is [...]
A ‘Little Japan’ on 100 sq km in Gujarat
A ‘mini-Japan’ may take shape in Gujarat soon. A high-level business delegation from the Japanese External Trade Organisation (JETRO), which visited Gujarat last week, has asked the state government to provide a vast area of 100 square kilometres, where the Japanese could build their own township.
The land has been sought along the ambitious Delhi-Mumbai [...]
Tata moves to Gujarat kindles investment interest
On Thursday morning, Kaushal Mehta, the CEO of Ahmedabad-based Motif, woke up to a mail from a foreign business associate. The question was never put to him before despite his average six trips abroad every year.
His US-based associate learnt about the relocation of the world’s cheapest car in Gujarat and was wondering if the [...]
How Gujarat managed to bag the Nano deal
More than a century ago, Jamsetji Tata had donated Rs 1,000 to develop milch cattle and grazing land for the British army around a 1 km patch in Sanand, 35 km from Ahmedabad.
It was a huge amount of money then. Over a hundred years later, the descendants of the sons of soil remembered the [...]
After Nano, hi-tech taxis to say ‘Hello’
After the Nano, it is now the turn of the Hello Taxi to say hello to the city. The service will soon be launched to suit the mega city status of Ahmedabad. Gone are the days when calling a taxi meant an agonising wait. The promoters of the taxi service promise that the response time [...]
Land prices soar near Gujarat Nano site
Real estate prices in and around Chharodi in Ahmedabad district have almost doubled overnight after Tata Motors decided to relocate its prestigious Nano project from Singur in West Bengal to Gujarat even as experts feel that the gain was only ‘notional’ as no deals have been struck so far.
“In Chharodi, where the Tatas’ mother plant [...]