‘Thread’ connects twin cities realtors
Oct 16, 2013
Source : The Times of India


AHMEDABAD: Realtors are a divided lot in Ahmedabad. Distancing themselves from Gujarat Institute of Housing and Estate Developers (GIHED), apex body of realtors, a group of real estate developers in north Ahmedabad have formed a new association to focus exclusively on the area connecting Ahmedabad and Gandhinagar.

To be called Twin city Hub Real Estate Association of Development (Thread), the body has been formed to highlight the potential in areas like Chandkheda, New Ranip, Motera, Koba, Tragad, Koteshwar and some parts of Gota.

The first activity of the association will be to host a property show to showcase existing and upcoming properties of these areas, on the lines of GIHED.

Thread came into existence after some developers in north Ahmedabad were miffed with GIHED for holding its annual property show only in the western part of Ahmedabad, thus making them feel ignored as their property did not get highlighted.

“The increased dominance of a lobby in GIHED had led to a rift between members. Since a year, some of these members have decided to form a separate association that focuses exclusively on properties in north Ahmedabad,” said a source.

A developer, who is a board member of Thread, said, “GIHED operates at the state- and national-level, so we have formed Thread to highlight the growth and spread awareness about this pocket.”

Considering the internal rifts, GIHED’s new president, Yogesh Bhavsar, has been prompted to do some damage control. In a board meeting on Saturday, Bhavsar appointed four vice-president for south, west, east and central zones of Ahmedabad and a secretary for the north zone.

“When GIHED was launched 33 years ago, there were no zones, which may have led to some developers feeling neglected in recent times. Keeping this in mind, I have introduced five zones and delegated tasks to the head of these zones so that each area of Ahmedabad is represented well,” said Bhavsar.

A former MLA has been appointed as the president of the new association.

Latest Realty News

I-T searches offices of builders, onion trader
Oct 16, 2013
AHMEDABAD: Investigation directorate of the income tax department on Tuesday conducted a search and seizure operation on two prominent city-based builders - Dharmdev and Sayona groups - and a leading onion trader Rakesh Raghunath Tanna.
Godrej completes Phase 1 of Godrej Garden City
Oct 08, 2013
AHMEDABAD: Godrej Properties Ltd. (GPL) the real estate development arm of the Godrej Group, today commenced the handing over to customers of Phase I of Godrej Garden City (GGC), Ahmedabad. There are 624 apartments in 13 towers that have been delivered in Phase I of this project.
Gujarat tops; 35% realty projects completed
Oct 01, 2013
AHMEDABAD: Although Gujarat has seen no new investments in the realty sector in the first quarter of 2013-14, the State topped a list of 20 States in the country with 35 per cent completed projects in the sector during this quarter, apex industry body Assocham said on Monday.
Gujarat Institute of Housing and Estate Developers show opens in Ahmedabad with 125 affordable housi...
Sep 28, 2013
AHMEDABAD: The Gujarat Institute of Housing and Estate Developers (GIHED) Property Festival kicked off on Friday at Gujarat University Convention Centre with more than 125 affordable housing projects on display.
Affordable housing to be main attraction at GIHED
Sep 27, 2013
AHMEDABAD: Affordable housing seems to be the flavour of the three-day property show by Gujarat Institute of Housing and Estate Developers (GIHED) which begins on 27th September. About 70 developers will showcase residential, commercial and plotting projects.
Non-resident Gujaratis wary of investing in realty sector
Sep 20, 2013
AHMEDABAD: Contrary to the belief that the depreciating rupee will bring in investment from non-resident Indians (NRIs) into the real estate industry, Gujarat has seen up to 50% decline in investment by global Gujaratis this year from three years ago.
Notice issued to Asaram ashram near Bhavnagar
Sep 04, 2013
RAJKOT: Bhavnagar Area Development Authority (BUDA) on Tuesday issued a notice to Asaram ashram in Lakhanka village near the city for land encroachment.
Gujarat got Rs 2,578.81cr for urban infrastructure
Aug 28, 2013
AHMEDABAD: Gujarat was given Rs 2,578.81 crore between 2005 and 2012, under the urban infrastructure and governance (UIG) sub-mission of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). This was over 8% of the total allocation of Rs 31,500 crore.
GIDC to set up industrial estates in Mandal-Becharaji area
Aug 28, 2013
GUJARAT: Gujarat government may have gone on the back foot by excluding 36 of the 44 villages from its proposed Special Investment Region (SIR) in Mandal -Becharaji area but its Gujarat Industrial Development Corporation (GIDC) is going ahead with its plans of setting up three industrial estates in the area.
Plan inclusive cities, say experts
Aug 28, 2013
AHMEDABAD: The National Institute of Design (NID) hosted, on August 23, an interesting discussion on what shapes the cities of India. Organized by the Goethe-Institut, India, ‘Dreams and Planning: The Case Of Cities In Twentieth Century India’ drew eminent panelists like Prof Amita Bhide and architect Romi Khosla. They spoke on the two contrasting views on what master plans mean in the Indian context.

Latest Realty News Of State

Realty Talk's