It is trying to build a land bank in the Mandal-Becharaji region.
According to villagers in the region, builders have been doing the rounds of the area, trying to spot suitable locations for residential projects.
A real estate consultant, too, said builders were trying to create a land bank in the area, as demand for real estate was likely to rise considerably in the coming years.
Maruti Suzuki, India’s largest passenger car maker, India had chosen Hansalpur, about 110 km from Ahmedabad, as the location for setting up a manufacturing plant.
However, in August this year, the company had indicated owing to a slowdown in demand in the automobile market, Maruti would delay the commissioning of the plant.
It added only after a detailed study on the projected demand for automobiles in the domestic market would it decide when to start work at the plant.
Earlier, the plant was scheduled to be commissioned by the end of 2015-16.
Nonetheless, the company’s vendors had started scouting for land in the vicinity of the proposed plant.
While leading vendors such as N K Minda Group are looking for land in the area, others such as Jay Auto Components and IRC (India) have bought land directly from farmers.
According to a real estate industry source, developers within the city have been enquiring about and planning to buy land in the Mandal Becharaji region to build a land bank.
However, sources said actual activity in this regard would begin in four-five years, once industrial development picked up pace.
“There might be some realignment in the area and there are chances of much of the land being included in the special investment region and the
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