gandhinagar the state capital is being primed to emerge as a location of real estate efflorescence with the newly drafted gandhinagar riverfront master plan combining with that of gift city the central business district model based on the sabarmati riverfront development plan of ahmedabad will be now replicated in the heart of gandhinagar thanks to the policy initiativea few weeks ago gujarats urban development department udd had begun the process of making the two master plans congruent earlier gift urban development authority giftuda was planning to create its own waterbody to offer a recreational splash to the residents of giftifsc international financial services centre we concluded that it makes sense to fuse the two infrastructure master plans said a senior udd official the decision will influence real estate opportunities in three tp town planning schemes and ensure the densification of the 45km vicinity of gift city with new residential and commercial projects on both sides of the river the current gandhinagar riverfront plan provides five access points to the sabarmati including one from gift city these points lie along dholeshwar temple raysan village and randesan village the official said narmada and water resources water supply and kalpsar department is overseeing the gandhinagarfocused development which covers a 93km stretch between pdeu and shahpur bridge the project cost is estimated to be rs 35358 croresources said that additional land will be reclaimed along the riverfront stretch for exploring real estate opportunities and recovering the construction cost of the riverfrontthe state government has already asked giftuda and the water resources department to consider combining the two master plans the udd official said a riverfront development plan will mean framing separate volumetric volumebased general development control regulations gdcr on the lines of those of sabarmati riverfront development corporation limited in ahmedabadas for the proportion of public and commercial spaces the official said a special governing council will be responsible for formulating policies for the development of the riverfront