Gokul Group launches Rs 650 cr residential land project

Gokul Group, an Ahmedabad-based conglomerate with interest in edible oil refining and power generation, has forayed into a realty sector by launching its a residential land project called 'Swa'. Apart from the a staggering Rs 500 crore for land acquisition, the developers have invested around Rs 150 crores in developing the project thereby taking the total investment to around Rs 650 crores.  

Gokul Group is developing this project in collaboration with real estate  players like Sarthav Infrastructure Private Limited and Pyramid Associates.

The residential land project is spread over 60 acres near Chandkheda in Ahmedabad and it will house as many as 190 plots. It will also have a business centre with a helipad facility, a 50 feet waterfall, primary clinic, a café, a clubhouse, hypermarket, 20 feet of framed avenues lining the township, one kilometre jogging track  that are part of the project.

Bookings for the plots will begin on the May 8. “A secular shrine, a helipad alongwith a are a hypermarket some of the unique features that we are offering with this residential scheme in the state. The project has been developed as a green open space with a 50, 000 sq yards of green cover surrounding it,” said Bipin Shah, director, Pyramid Associates.

Gurjit Singh Matharoo, principal architect of the project, Matharoo associates said, “The residential expanse is built in such a way that it will be like a green space in Ahmedabad. We have built the entire township around an existing green cover .”