Sabarmati Riverfront ropes in JLL for monetisation of land parcel

Under the deal, 15 mn sq ft of the 200 hectares riverfront project is to be monetised; entire value of the land parcel pegged at Rs 3,500 cr

Leading real estate consultancy firm JLL India has been roped in to help monetise a land parcel of the Sabarmati Riverfront in Ahmedabad.

Sabarmati Riverfront Development Corporation Ltd (SRFDCL), the special-purpose vehicle created under the aegis of the Ahmedabad Municipal Corporation (AMC), has engaged JLL India to monetise around 15 million sq ft of the 200-hectare riverfront project.

According to estimates, the entire value of the land parcel is to be around Rs 3,500 crore, JLL stated.

The mandate to monetise the land parcel for SRFDCL includes offering end-to-end consulting and managing the entire transaction. Both the strategic consulting and transaction advisory teams