An Ahmedabad-based construction company-turned-developer has bought a 3, 500 square yard land parcel beside SBR, just 500 metres from SG Highway, from Ganesh Housing Group. The deal was struck at Rs 4.14 lakh per sq yard, making it the costliest land transaction in Ahmedabad’s history, according to sources. These rates may surpass many areas of Pune and Mumbai, according to realty experts. The buyer, Spartan Builders, plans something unprecedented—a six-floor exclusive all-retail building for sale. Project unique in plan, design, pricing “There hasn’t been a single building of this kind in the city which would be up for sale, ” noted realty sources. Spartan aims to complete the project by December 2027 and has already floated the concept with realtors for feedback. The pricing structure reflects the premium land cost. Ground floor space is tentatively priced at Rs 32, 000 per square foot super built-up area, dropping to Rs 11, 000 for higher floors. Floor heights will vary from 14 feet to 11 feet based on pricing tiers. A highly-placed source in Ahmedabad Realtor Association suggested the developer is quoting higher rates than usual to test the market. “Due to the high-rated land deal, this could be their strategy along with the project’s unique proposition of all retail floors, ” the source explained. Ahmedabad Mirror