Ahmedabad is getting its second tallest building but it is neither a hotel nor a residential scheme. It is a multi-speciality hospital.
The Ahmedabad-based, Rs3,000 crore pharmaceutical company, promoted by Pankaj Patel, Zydus Cadila, has received approval from the state government to develop a 22-storey hospital near Thaltej.
Zydus Cadila got permission for the high-rise building in R2 zone in Ahmedabad from the urban development department. The project falls in survey 509 and 511 in the town planning scheme number 51. It is located near SG Highway, close to Thaltej.
Industry sources said that this was a revolutionary step because it was an indication that in future the R2 zone may get converted to R1 zone. This means that construction of high-rise residential schemes can be expected in this region which will keep property prices under control, compared to what is offered in R2 zone.
As per the law, construction in R2 zone is allowed only up to four floors, whereas in R1 zone developers can construct a high-rise building. This means more utilisation of space which will make the scheme cheaper.
After it is completed, the hospital will be the second tallest building in the city after Patang hotel on Ashram Road, which is a landmark in western Ahmedabad.
Urban development minister Nitin Patel said: “Yes, Cadila have got permission for the high-rise building in R2 zone. However, the company has paid for the extra FSI.”
Patel refused to give more details about the project. A Zydus Cadila spokesperson also refused to comment on the development. Source by DnaIndia
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