ahmedabad ahmedabad real estate has seen two big land deals worth about rs 640 crore according to sources a plot on iskconambli road is sold at a price of rs 265 lakh per sq yard and the deal size is around rs 160 crore another plot in the science city area of around 20000 sq yard is sold for around rs 480 crore both the plots are on the high fsi zone of 54 and will have commercial and residential projects respectively the plot in the science city area will see the biggest residential iconic project of the city with a builtup area of around 20 lakh sq feet sources close to the development said that the price is around rs 240 lakh per sq yard and the developer group which has some projects in ognaj shilaj and zundal areas has planned the biggest iconic residential project on this plot the developer is planning to construct four towers of 31 storeys each which will see development of around 20 lakh sq feet the deal is in progress and will take some months to complete said a source on the condition of anonymity according to real estate industry sources iskconambli road plot size is around 6000 sq yard and is owned by a textile businessman the plot has been bought by a leading realty developer who has developed a number of commercial and residential projects in western ahmedabad in partnership with another leading group however this plot is bought by one group only and it will launch a commercial project sources said that the sale deed registration process will be completed shortlypraveen bavadiya the former president of ahmedabad realtors association said iskconambli road has seen a big demand for premium offices and residential properties the stretch has seen an increasing interest from the developer community the science city road has emerged as an ideal residential area over the years following its connectivity with sg highway and sp ring roadvenus buys costliest rights at gift citygift city is witnessing a growing demand from developers the venus group has received allotment of land parcel for its first commercial project in the gift city according to sources the developer has bought development rights through auction and the price is rs 1800 per sq feet which makes it the costliest development right in gift city rajesh vasvani the chairman of venus group did not comment about the price however he said gift city is the first operational smart city in india and attracted several national and international financial institutions including banks insurers broking houses and stock exchanges leading to a jump in office space demand we are going to launch a commercial project which will have around five lakh sq feet builtup area tnn v