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- 03/10/2023
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Rs 1K crore in 5 yrs: MoU inked for Sabarmati Riverfront development
Source: Indian Express
The state government in Gujarat has inked an MoU (Memorandum of Understanding) with realty firm Sobha Developers for developing 4.5 km of Sabarmati Riverfront under the second phase of the project, an official release stated on Saturday.
The developer will be investing Rs 1,000 crore in the next five years, stated the release.
The riverfront extends up to a length of 11.25 km within the city on either bank. By channelling the river to a constant width of 263 meters, a total of 205 hectares of riverbeds has been reclaimed through the project.