SRFDCL Courts Global Developers to Boost Riverfront Auction Interest

The Sabarmati Riverfront Development Corporation Limited is engaging top international real estate developers to enhance auction interest for its prime plots.

SrfdclSabarmati RiverfrontReal EstateAuctionInvestmentReal Estate PuneSep 18, 2024

SRFDCL Courts Global Developers to Boost Riverfront Auction Interest
Real Estate Pune:In a bid to elevate auction interest for its prime plots, the Sabarmati Riverfront Development Corporation Limited (SRFDCL) has been actively engaging top international real estate developers. The SRFDCL's recent annual audit report, presented to the board on September 6, highlights the organization's strategic push to attract global investors.

According to the report, SRFDCL officials met with leading figures in real estate and hospitality in Dubai and Abu Dhabi, as part of a whirlwind tour. The meetings included discussions with key developers and fund houses, such as K-Raheja, Godrej Properties, Xander Group, and Lodha Group, among others.

The report also outlines plans to connect with chapters of the Confederation of Real Estate Developers' Associations of India (CREDAI) across India, including Mumbai, Pune, Bangalore, and NCR. Additionally, SRFDCL officials met with the Kerzner Group, Atlantis Properties, and Sobha Group, as well as held a roundtable with IBPC members under the Construction Real Estate (CRERS) Focus Group.

Furthermore, the report mentions a meeting with the Investment Corporation of Dubai (ICD) and a visit to Downtown Dubai, including Dubai Mall and Burj Khalifa. Meetings were also held with JLL/Landmark Group and the Group CEO of MIRAL Group in Abu Dhabi, which included a facility visit to Ferrari World to understand their development strategies.

To boost marketing efforts, SRFDCL will produce dedicated audiovisual films for each of the seven value zones, featuring drone footage to highlight the land parcels and surrounding developments. The state government has also approved a special land disposal policy for SRFDCL, modelled after GIFT City, which is expected to streamline development processes and attract further investment.

In addition to these initiatives, SRFDCL is focusing on enhancing its brand identity, including a redesign of the Sabarmati Riverfront logo and a new visual identity for the project.

The Sabarmati Riverfront Development Corporation Limited (SRFDCL) is a company responsible for the development of the Sabarmati Riverfront project, which spans 204.91 hectares.The SRFDCL is a state-owned company established to develop and maintain the Sabarmati Riverfront project.

Frequently Asked Questions

What is the Sabarmati Riverfront Development Corporation Limited (SRFDCL)?

SRFDCL is a state-owned company responsible for the development of the Sabarmati Riverfront project.

What is the size of the Sabarmati Riverfront project?

The project spans 204.91 hectares.

Which companies did SRFDCL officials meet with in Dubai and Abu Dhabi?

SRFDCL officials met with key developers and fund houses, such as K-Raheja, Godrej Properties, Xander Group, and Lodha Group, among others.

What is the special land disposal policy approved by the state government for SRFDCL?

The policy is modelled after GIFT City and is expected to streamline development processes and attract further investment.

What is SRFDCL's plan to boost marketing efforts?

SRFDCL will produce dedicated audiovisual films for each of the seven value zones, featuring drone footage to highlight the land parcels and surrounding developments.

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