ahmedabad in what is pegged to be the most expensive land deal in the bodakdev area of ahmedabad the sale of a 10000 square yard plot in the area was closed recently for a whopping rs 250 crore or rs 25 lakh a square yard according to sources in the real estate industry the plot was bought by madhav group real estate sector sources said this is the biggest land deal in ahmedabad this yearamit patel the principal promoter of madhav group said we recently bought this plot and plan to launch a residential project on it we will build a 3032 storey residential building with about 260 apartments patel however did not disclose the land deal size patel said that the cost of the project will be around rs 350 crore industry sources say a land deal of this size has been reported in the city after a long time and has created a buzzmarket sources say the plot in question is along a 36metre road and has allowable fsi of 4an ahmedabadbased real estate consultant said even though plotting schemes were high in demand there were no major land deals in ahmedabad since diwali a sizeable deal reflects rising interest among developers to launch new projects along transit corridors which typically provide higher fsimoreover demand for highend residential real estate has increased in ahmedabad especially after the pandemic because people are looking for bigger more spacious homes to upgrade to in the coming days we may see many redevelopment projects being implemented developers may seal buyout deals with old residential societies owing to the scarcity of available land in ahmedabad the consultant added