Resettlement of 12,000 families living on banks of Sabarmati Riverfront cost AMC about Rs 1,200 cr
The banks of the Sabarmati, which flows through the city, will soon boast of a skyline of hotels, malls and corporate offices.
A little over a decade ago, the Sabarmati was nothing but a parched riverbed, with puddles of industrial effluents and sewage. It was a hotbed of water-borne diseases, with slums mushrooming along the banks.
About 12.5 million sq feet of land for development is up for grabs for private developers and corporate houses. They can construct offices, commercial complexes, hospitality projects or residential towers. The AMC is also conducting roadshows across metro cities for plot auctions.