Once a dry river, Sabarmati may now garner Rs 6,000 cr for hotels, malls

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.

With the Gujarat Cabinet approving volumetric building by-laws and auction for plots as part of the Sabarmati Riverfront Development project, the Ahmedabad Municipal Corporation (AMC) expects Rs 6,000 crore from sales.

About 12.5 million sq feet of land for development is up for grabs for private developers