Clearances for projects worth 500cr put on hold in Ahmedabad
Apr 28, 2014
Source : The Times of India

 

AHMEDABAD: Nearly Rs 500 crore worth of residential and commercial projects along the special transit-oriented development (TOD) zone, central business district (CBD) on Ashram Road and the special affodable housing zone (RAH) zone, have been put on hold. The state urban development department has made it mandatory for these zones to have a local area plan before development takes place.

The urban development department has written to the Ahmedabad Urban Development Authority (Auda) and the Ahmedabad Municipal Corporation (AMC) asking them to put on hold all provisional permission granted for tall buildings that would be coming up along the transit corridor. Developers who intend to take advantage of the FSI of 4 announced for buildings along the BRTS and upcoming Metro corridor may have to wait for a while. The corridor, which is 200-metre wide on either side of the BRTS corridor, is supposed to house tall buildings, both commercial and residential.

“All permissions are subject to FSI of 1.8 for the next four months after which the urban development department will ratify the FSI 4 for the transit corridor,” said a senior official of the department.

Yogesh Bhavsar, president, GIHED, said officials should have checked about the local area plans before approving the GDCR.

“It is not proper to introduce this clause after so many months. It can put realtors in trouble. This may cause realtors losses of up to Rs 100 crore,” Bhavsar said.

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