Amrapali and Venus group have joined hands to develop a retail-cum-office project on a 15,000 square feet plot, worth more than Rs 400 crore, on the posh Sindhu Bhawan Road (SBR) located at Ahmedabad.
The commercial project would be developed into a three-level (ground plus two floors) retail space. The joint venture project falls under R-2 zone where only 1.8 FSI (floor space index) is allowed.
The G+2 premium retail space is in the trend at present with several builders launching projects. The SBR and Ambli-Bopal road are hot favourites, thanks to the strong demand in the commercial-retail space.
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