Analysis of Western-central micro-market of Ahmedabad
15.17.Current Status of the Project Infrastructure Buildings
Current Status GIFT ONE & TWO - 28 Storey each: completed Signature- 16 storey: completed Tower of Brigade- 12/17 floors completed World trade center- 13/28 floors completed Tower A- 6 floor slab completed Tower B- 23 floor slab completed Tower C- Yet to start Tower D- 6 floors completed
Road
Upgradation of access roads and construction of sub-arterial roads are completed. RFP for arterial roads is under process.
Water
WTP has been commissioned STP is under construction Work assigned to ETA Engineers Pvt Ltd
District Cooling System AWCS
Work assigned to Envac
Sam Riddhi Sarovar
RFP is under preparation
MLP
Tender are prepared and tenders are under process.
Hospital
Sterling add life India Ltd; design specifications are under process of finalization ICSE Jamanalal Narsee moniee school is constructed
School Hotel Fuel Station
Two 4-star hotel are under construction Total two fuel stations are planned and one under IOCL is under construction.
Figure 223- Status of the Project as of March 2020 (Source: www.jetir.org)
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As per (Bandyopadhyay, 2020) IL&FS, a so-called core investment company with its finger in every single pie of business spread over 347 companies in India and overseas, holds a 50 per cent stake in Gift City — India’s first operational smart city and international financial services Centre in Ahmedabad, Gujarat. In 2007, IL&FS had entered into an agreement with the Gujarat government to develop an international financial services city (IFSC). The agreement had an exit clause.
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Roughly 15 per cent of the space has been allotted to a string of real estate developers as well as banks and financial institutions, including the State Bank of India and Life Insurance Corporation of India. At least 200 companies are operational now, employing 10,000 people. Overall, Rs 11,000 crore worth of investments have been committed to the project.
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