Mumbai, Oct. 8 -- The project involves the redevelopment of Kajimiya ni Chali, a slum cluster in Ahmedabad, through the construction of 728 residential units and 25 commercial shops. This project is being undertaken under the Slum Rehabilitation and Redevelopment Policy, 2013, as part of the Pradhan Mantri Awas Yojana (PMAY) on a Public-Private Partnership (PPP) basis.
The total development cost of the project stands at Rs 105.02 crore. In return, the company will receive Transferable Development Rights (TDRs) worth Rs 56.51 crore, along with free-sale land measuring 4,209.67 square metres, valued at Rs 48.51 crore.
According to the company, the project is expected to be completed within a period of 30 months from the date of commenceme...
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