AMC’s FSI income spikes over ₹1500 crore

Updated: May 2nd, 2024


With the city on the path of expansion, the Amdavad Municipal Corporation’s (AMC) income from the chargeable floor space index (FSI) increases by ₹1,584.91 crore in a year.

Once shrugged-off areas including Bopal, Shela, Ghuma, Naroda, and Muthiya are now drawing the interest of both property dealers and buyers.

The AMC standing committee chairperson said that in the year 2023–24, auctions were held for plots of land for different purposes belonging to the AMC located in different areas of the city.

With the increase, the income from chargeable FSI in the year 2023–24 was ₹885.80 crore, while the income from other developments was ₹699.11 crore. The total income received by the AMC was ₹1,584.91 crore. 

Income Table

Plot Owner TPS No. Income
Manidhar Infra 50 ₹8 crore
Sindhu Apartment shops 44 ₹2.32 crore
Gujarat Tea Processors 50 ₹148 crore
Karm Infra 84 ₹10 crore
Janakdevi Infra 26 ₹35 crore
Vidya Bharati 31 ₹1.96 crore
Jetco 72 ₹39.25 crore
Jetco 44 ₹31.53 crore
Jetco 32 ₹66 crore
Jetco 56 ₹64.64 crore
Torrent 23 ₹28.21 crore
Metro Rail - ₹2.85 crore

In 2022–23, the AMC’s collection of chargeable FSI stood at ₹534.81 crore, and other development income was ₹483.81 crore. 

Multiple new areas were merged into the corporation’s limit in 2021 when a new delimitation was implemented.

With new residential and commercial properties flourishing in areas such as Sarkhej and Vanzar in the south-west zone, a newfound interest was seen for properties in these areas.

Income Table

Year FSI Income Income from other developments
2021-22 ₹431.88 crore ₹405.17 crore
2022-23 ₹534.81 crore ₹483.81 crore
2023-24 ₹885.8 crore ₹688.11 crore

Also read:

Clean drinking water scarcity plagues Ahmedabad, 33K complains in one year

AMC to spend over ₹3,000 cr to revamp door to door waste collection system

Gujarat
Your privacy

By clicking “Accept all cookies”, you agree Gujarat Samachar can store cookies on your device and disclose information in accordance with our  Cookie Policy