Gift City First class Two & Three BHK Apartments by Grade a Builder

A real-estate tycoon and his associates were allegedly attacked by his rival over a property deal gone sour. According to the complaint filed at Satellite Police Station on Tuesday, owner of HN Safal Construction Dhiren Vora, his chartered accountant R K Patel and their chauffeur were on their way to a construction site near Novotel Hotel on SG Highway when they were attacked by Yogesh Patel, one of the directors of Shayona Buildcon and three others. Police suspect that the attack was the fallout of pending payment over a land deal Gift City the two parties was behind the attack. Yogesh Patel of Shayona Builddown had sold some land to HN Safal group, where the latter has started constructing a commercial complex - Sumel 9. There is some dispute between the two developers regarding this deal which has led to bad blood, the police said. Dhiren Vora's driver Ashok Patel, a resident of Ghuma, in his complaint, has positively identified Yogesh Patel. He told the police RK Patel and Vora sir were on their way to Mondeal Heights, a commercial property near Novotel Hotel on SG Highway. I was driving the Audi car they were in.

When we were near Shalby Hospital, our car was intercepted by two luxury cars. Four people, including Yogesh Patel, got out of the vehicles and started attacking us with rods and pipes. They broke the windshield of our car and beat up RK Patel and me. Later, they fled. R KPatel and Ashok were taken to Shalby Hospital for primary treatment. Satellite Police Inspector M U Mashi said, We registered a complaint of driver Gift City Ahmedabad Patel against Yogesh Patel and three others under section 323 Punishment for voluntarily causing hurt, 324 Voluntarily causing hurt by dangerous weapons or means, 352 Punishment for assault or criminal force otherwise than on grave provocation, 341 Punishment for wrongful restraint, 427 Mischief causing damage to the amount of fifty rupees and 120 B Criminal Conspiracy of Indian Penal Code. We will investigate and register the statement of Dhiren Vora and other witnesses. Meanwhile, Shayona Builddown’s Ghanshyam Patel, Yogesh Patel's father, said, We had signed a deal of Rs 20 crore with HN Safal group for the Maheshwari Mill plot. There is some amount that the Safal group is yet to pay us. We have even sent them a bill for the pending amount but they refuse. While vacancy levels in establishments are set to grow from current 8%, that for is at 30% despite an uptake in leasing activity led by IT, and consulting sector in market, a new report says. According to a report by CIRIL Network, an owner-operated network of real-estate consultants in India, that tracked 8 major markets and trends between April and June 2015, revealed that in Ahmedabad, the office space market has witnessed total absorption of around 0.75 million sq ft in the year 2015 with majority of the leasing activity around 60% being concentrated on S G Highway. While the & ITeS sector continued to dominate the leasing activity with 35% share, it was followed by BFSI at 25% and consulting sector at 20%, the CIRIL report stated.

The report adds that the rentals across Ahmadabad’s key submarkets grew between 5-10% in 2015. However, with 1.5 million square feet msf of supply set to become operational in first quarter of 2016, vacancy levels may rise from the current 8% As per CIRIL, overall mall vacancy was high at 30%, with banks, apparels and lifestyle brands expanding footprint in prominent main-streets such as C G Road, Satellite Road and Prahladnagar. In the industrial and warehousing space, Sanand, Bavla and Changodar along NH 8A emerged as hubs. Increased demand from the manufacturing sector led to industrial shed rentals increasing by 10-15% in Sanand and Changodar on a year-on-year basis Quoting the latest introductions in the Indian economy, such as Housing for All and Smart Cities Pawan Agarwal, chairman, CIRIL stated that a sustained demand could prevail in near future in the real-estate sector. One of the key drivers of economic growth, this sector contributes 5-6% to India's GDP and will incur more non-resident Indian NRI investments in 2016.