Aims to foray into township, residential projects
Punjab headquartered Radha Saomi Satsang Beas (RSSB) sect is likely to break all realty benchmarks in the city by striking a Rs 450-550 crore deal with Siddhpur based Gokul group for its sprawling campus at Chandkheda.
With this deal Gokul group that owns Gokul Re-foils and Solvent Ltd is planning to foray into realty business by setting up a township project.
Gokul group is inching closer to strike a deal for the 70 acres land owned by Radha Swami Santsang near Chandkheda region, said sources privy to the development.
When contacted a senior official of Gokul Refoils maintained that they had held talks for the land however the deal was yet to materialize. “We are exploring other locations as well,” the official said.
He also said that the company was aiming to enter into realty business in a big way by way of setting up townships and other residential projects in and around Ahmedabad.
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In the past leading groups like DLF, Parsvnath Developers, JP Constructions and Bakeri Group have shown interest in the Radha Swami Satsang owned land, sources added.
Meanwhile, sources claimed that the deal was almost sealed as Gokul had paid some initial ‘token’ amount. About eighteen years ago, Radha Saomi sect had acquired the land for its campus at around Rs 70,000 per vigha (Rs 260 per sq yd) from farmers, mainly Patels.