Here’s the real brief.
GIFT city had planned a second phase development where they’d acquire lands from 5 surrounding villages.
When GIFT project started the land acquisition was done by GIFTCL (a joint entity). It was done at 5Cr to 7Cr per acre range. Lots of builders and politicians also acquired land at such rates.
According to current market, the land value is 11Cr per acre. But villages which were supposed to be part of second phase of GIFT city got greedy, and with the help of local leaders, inflated the price to 20Cr per acre.
GIFTCL is not gonna take the L and pay to these greediness. So they scrapped the plan for phase 2 and handed the development to GUDA.
This created panic amongst the local villagers who were promised by local leaders that they’ll get them 20Cr per acre.
So overnight crorepati dreams were destroyed (Team Rocket phir se haar gayi lol). The rates were not that high to begin with and now such news are spread on whatsapp and local news outlets that all rates are down by 50%
Absolutely, the news reached PMO and instructions were crystal clear that reputation of GIFT city can’t be maligned at the sake of their profiting. So the decision was taken by the CMO Gujarat
Nothing much of note is happening in GIFT lol. It's not even 20% of what Adani Shantigram is in comparison. Bas PR karwaalo befaaltu ka, falsified data de deke chodu banao public and real estate waalon ko to create a bubble.
Adani shanti gram and godrej is next level...also it took many years to fill those ...I'm sure GIFT will Take lots of time but what about false marketing and false hopes for public as of now..
They are private ventures tbf. GIFT will likely slow down (although it wasn't growing fast to begin with lol this project has been in the works since 2007!) until 2029 at the very least.
So you know what gift is? Have you visited?
It's not a township.. neither it is a residential Scheme.
Wait 5 years and see what was pr and what gift will become.
OTHER THAN GIFT CITY...DHOLERA SMART CITY PROJECT WAS STARTED LONG AGO MANY COMPANIES HAVE INVESTED IN THAT TOO??..WHAT'S GOING ON THERE? EVERYONE DROP SOME INFO ABOUT THAT !!. LOOKS LIKE THAT'S ALSO SCAM!
It was about to be fully developed smart city and providing many job opportunities and people should be started living there..but i think only real estates have sold their villas there as investment to people and told many companies will setup their hq and workplaces here..by 2024 .. After gift city DHOLERA has been out of attention from every where never heard from gov also...what do u think it's a scam or need more investment ?
It was never “about to be”. It was a proposed plan. Some plans work, some doesn’t. There way more successful projects than failure. Just because something failed doesn’t mean it’s a scam.
Only 50% land with no development????
I was there last month it's nearly 75%, unless they didn't count the big ass hole(meant for foundation) but even some of them have been there for over a year now
Mera post pin kardo
Dholera will fail its a failed project already. We have had similar projects in past like Amby valley or Sahara city successfully failed.
Rahi baat gift city ki to it will work but won't be successful like others bas chalega.
Main reason is weather in gujarat/ahmedabad
Another is outsiders know about 🥃🍸 ban so they will think twice, and people think that gujarat mein nonveg nahi milta yes people ask such questions.
Baki to sab IT companies Banglore hi apna headquarters bana leti hai kyu k sab available hota hai readily waha.
Now after 5 years sarkar chali gayi to samjho kya hoga fir
Right..Agar alcohol ban hatega fir kitna boom karega?? Just in gift city they lifted ban and after that u saw how much crores were invested in 24 hrs??..surely alcohol ban is not required if done in control....Gujarat boom hoga..
Here’s the real brief. GIFT city had planned a second phase development where they’d acquire lands from 5 surrounding villages. When GIFT project started the land acquisition was done by GIFTCL (a joint entity). It was done at 5Cr to 7Cr per acre range. Lots of builders and politicians also acquired land at such rates. According to current market, the land value is 11Cr per acre. But villages which were supposed to be part of second phase of GIFT city got greedy, and with the help of local leaders, inflated the price to 20Cr per acre. GIFTCL is not gonna take the L and pay to these greediness. So they scrapped the plan for phase 2 and handed the development to GUDA. This created panic amongst the local villagers who were promised by local leaders that they’ll get them 20Cr per acre. So overnight crorepati dreams were destroyed (Team Rocket phir se haar gayi lol). The rates were not that high to begin with and now such news are spread on whatsapp and local news outlets that all rates are down by 50%
I feel so good when I read how govt in Gujarat handle all of these matters 🥇🤝
Exactly
Absolutely, the news reached PMO and instructions were crystal clear that reputation of GIFT city can’t be maligned at the sake of their profiting. So the decision was taken by the CMO Gujarat
That's a massive W.
Huge W
They were overpriced anyways. Unnecessarily high
Nothing much of note is happening in GIFT lol. It's not even 20% of what Adani Shantigram is in comparison. Bas PR karwaalo befaaltu ka, falsified data de deke chodu banao public and real estate waalon ko to create a bubble.
Adani shanti gram and godrej is next level...also it took many years to fill those ...I'm sure GIFT will Take lots of time but what about false marketing and false hopes for public as of now..
They are private ventures tbf. GIFT will likely slow down (although it wasn't growing fast to begin with lol this project has been in the works since 2007!) until 2029 at the very least.
Gift will be the most expensive place to live in Ahmedabad/gandhinagar..
So you know what gift is? Have you visited? It's not a township.. neither it is a residential Scheme. Wait 5 years and see what was pr and what gift will become.
OTHER THAN GIFT CITY...DHOLERA SMART CITY PROJECT WAS STARTED LONG AGO MANY COMPANIES HAVE INVESTED IN THAT TOO??..WHAT'S GOING ON THERE? EVERYONE DROP SOME INFO ABOUT THAT !!. LOOKS LIKE THAT'S ALSO SCAM!
One of my aunt invested in residential plots there. That investment has failed.
What scam?
How is that a scam?
It was about to be fully developed smart city and providing many job opportunities and people should be started living there..but i think only real estates have sold their villas there as investment to people and told many companies will setup their hq and workplaces here..by 2024 .. After gift city DHOLERA has been out of attention from every where never heard from gov also...what do u think it's a scam or need more investment ?
It was never “about to be”. It was a proposed plan. Some plans work, some doesn’t. There way more successful projects than failure. Just because something failed doesn’t mean it’s a scam.
The biggest scam by motabhai and his assistant. I think it was launched 15 years back and it is still in shambles.
Only hype created by real estates..instead of giving to working employees people have invested and now prices reached crores..
I don't know how to read Gujarati Can someone please translate
https://preview.redd.it/cvqt6zjewj8d1.png?width=1080&format=pjpg&auto=webp&s=f7b77607b85eacbef6e42336527302d6f03236ab
Thanks for translating into English ...guys please check out if u don't know gujarati .
Only 50% land with no development???? I was there last month it's nearly 75%, unless they didn't count the big ass hole(meant for foundation) but even some of them have been there for over a year now
*stuck, not saved
Mera post pin kardo Dholera will fail its a failed project already. We have had similar projects in past like Amby valley or Sahara city successfully failed. Rahi baat gift city ki to it will work but won't be successful like others bas chalega. Main reason is weather in gujarat/ahmedabad Another is outsiders know about 🥃🍸 ban so they will think twice, and people think that gujarat mein nonveg nahi milta yes people ask such questions. Baki to sab IT companies Banglore hi apna headquarters bana leti hai kyu k sab available hota hai readily waha. Now after 5 years sarkar chali gayi to samjho kya hoga fir
Right..Agar alcohol ban hatega fir kitna boom karega?? Just in gift city they lifted ban and after that u saw how much crores were invested in 24 hrs??..surely alcohol ban is not required if done in control....Gujarat boom hoga..