Sabarmati riverfront project: Rs 1,000 crore pledged by Sobha Group
Real estate developer Sobha Group has pledged Rs 1,000 crore as a philanthropic contribution towards the development of the Sabarmati Riverfront. A Memorandum of Understanding (MoU) in this regard was signed in the presence of the Gujarat Chief Minister.
Ahmedabad Municipal Corporation (AMC) formed a Special Purpose Vehicle (SPV)- Sabarmati Riverfront Development Corporation Ltd is entrusted with the responsibility of turning the riverfront into a major urban asset for the city.