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  3. Gujarat Housing Board Gives Land Worth Rs 1000 Cr For Rs 36 Lakh To SAL

Gujarat Housing Board Gives Land Worth Rs 1000 Cr For Rs 36 Lakh To SAL

Gujarat Housing Board Gives Land Worth Rs 1000 Cr For Rs 36 Lakh To SAL

BY Realty Plus
Published - Monday, 11 Nov, 2024
Gujarat Housing Board Gives Land Worth Rs 1000 Cr For Rs 36 Lakh To SAL

The Gujarat Housing Board’s Move of giving away nine hectares of prime land in Ahmedabad’s affluent, Science City area, valued at approximately Rs 1,000 crore, to SAL company’s Adarsh Foundation for only Rs 36 lakh on a 99-year lease has drawn public scrutiny.

The land was originally acquired from local farmers in 1974 for the purpose of brick kilns, the land’s current market worth far exceeds the sum received by the Housing Board, raising questions about the decision.

The board initially acquired the land from farmers in Bhadaj village, Daskroi taluka, on April 8, 1974. The land, divided across seven survey numbers, was intended for industrial use as a brick kiln facility. However, because this land is located opposite Science City, the value of the land increased to Rs 1,000 crores.

Despite this, the board transferred the land to Adarsh Foundation, owned by SAL’s Rajendra Shah, for only Rs 36 lakh—a decision which has now incited backlash from the heirs of the original landowners.

Ashish Patel, grandson of one of the original landowners, has been quoted saying, “This land belongs to our grandfather, who handed it over for brick kilns, not for private development. Decades later, we discover it has been leased out at a minimal rate. We are now requesting all related agreements and documents from the Housing Board and will use legal channels, if necessary, to take the matter up with senior officials, including the Chief Minister.”

 

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