Gift City Surprising 2 BHK apartments by Grade a Property Developer

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 Gift City Hotel on SG Highway when they were attacked by Yogesh Patel, one of the directors of Shayona Builddown and three others. Police suspect that the attack was the fallout of pending payment over a land deal involving the two parties was behind the attack. Yogesh Patel of Shayona Buildcon 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. Gift City Ahmedabad and Gandhinagar has become one of the sought out location for residential real-estate development, as 50% of the new housing projects are coming up in this area. According to experts, buying a house in SG highway is a good property investment in Ahmedabad. In the recent years, Ahmedabad witnessed a tremendous improvement in real-estate sector, especially in and around SG highway. This highway connects two important developing cities of Gujarat Ahmedabad and Gandhinagar, which makes the location apt for the people working in these 2 cities. Hence, the number of home buyers booking apartments in SG highway has increased along with the whooping land value.

The Ahmedabad realtors and investors consider this locality as a goldmine due to the hike in land price and the growing demand which implies good future for property investment. Industry insiders mentioned that West Ahmedabad is ahead of other cities in the state, in terms of real-estate development due to the proximity of SG highway to Ahmadabad and Gandhi nagar that allows the working professionals travel easily. Fearing that the new Real-estate Regulation and Development Bill cleared a couple of days ago by the Centre will add to the red tape in the real-estate sector, senior members of the Confederation of Real-estate Developers’ Associations of India CREDAI expressed concern over various aspects of the bill at an exhibition held in Ahmedabad, Friday A new sword by the name real-estate regulatory act is hanging over our heads. As an industry body we welcome the presence of a regulator, because it will ensure that people who are serious about the business will remain. But we are not too happy about some of the contents of the Bill, said Getamber Anand, president, CREDAI National Noida while addressing the CREDAI Gujcon Convention & building material Expo 2015 which was attended by Gujarat Chief Minister Anandiben Patel.