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.
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.
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 |
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