Sabarmati Riverfront to Host New Mixed-Use Development Combining Residential and Commercial Spaces
The Sabarmati Riverfront in Ahmedabad is set to undergo a major transformation with the approval of a mixed-use development project. This ambitious initiative, led by the Sabarmati Riverfront Development Corporation Limited (SRFDCL), aims to create a vibrant space that blends residential apartments with commercial areas, making it a first for the region. The development is poised to bring a dynamic mix of living and business opportunities to one of the city’s most sought-after locations.
Strategically positioned on a 5,710 square-metre plot between the Railway Overbridge and Subhash Bridge on the western bank of the Sabarmati River, the project benefits from excellent connectivity. It is in close proximity to vital transport links, including the Bus Rapid Transit (BRT) system, metro stations, and the planned bullet train network. This accessibility ensures that both residents and businesses will find the location highly convenient. The plot is also near the upcoming Olympic complex, further enhancing its value and positioning it as an ideal site for mixed-use development that integrates residential, commercial, and recreational spaces.
The project’s design is well-balanced, with the lower floors dedicated to commercial spaces and the upper floors reserved for residential apartments. The ground floor and first four levels will house retail outlets, offices, and other business ventures, providing significant opportunities for entrepreneurs and enterprises. The upper floors will cater to the demand for high-quality living spaces, offering a unique combination of urban living and business opportunities in the heart of Ahmedabad. In terms of scale, the development will cover a total built-up area of 59,384 square metres, in line with SRFDCL’s General Development Control Regulations. The building will be capped at a height of 52.17 metres, ensuring it complements the existing skyline of the Sabarmati Riverfront while introducing a modern, attractive structure to the area. This development promises to be a defining addition to the city’s landscape.
The financial details of the project are also clear. The base price for the development rights has been set at Rs 21,691 per square metre of built-up area, with the total base price amounting to Rs 128.80 crore. Interested developers are required to submit a deposit of 10% of the total amount, which equates to Rs 12.88 crore. The deadline for bid submissions is January 31, 2025, with the qualification bid and technical proposals to be opened on February 3, 2025. The development is expected to be completed within four years from the date of the letter of allotment (LOA), giving developers a clear timeline for project delivery. Beyond its architectural and financial aspects, the project offers significant potential for local growth and economic development. The integration of residential and commercial spaces will create a vibrant community where people can live, work, and socialize in the same precinct. For residents, the proximity of shops, offices, and essential services will provide unmatched convenience. For businesses, the project promises to attract a large customer base, benefiting from the area’s accessibility and the influx of residents and visitors.
The project will also contribute to the ongoing efforts to rejuvenate the Sabarmati Riverfront, a major urban renewal initiative that has been central to Ahmedabad’s transformation over recent years. The success of this mixed-use development could serve as a catalyst for similar projects along the riverfront, further enhancing the city’s urban landscape and reinforcing its vision of becoming a modern metropolis that seamlessly integrates residential comfort with commercial dynamism. This mixed-use development project represents an exciting new phase in the evolution of Ahmedabad’s Sabarmati Riverfront. With its strategic location, modern design, and combination of residential and commercial spaces, the development is set to become a key hub for living and business in the city. As Ahmedabad continues to grow and modernize, such initiatives will play an essential role in shaping its future, providing a high-quality environment that supports both residents and businesses alike.
