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Philanthropic Contribution of Rs 1000 crore made Towards Development of Sabarmati Riverfront in Ahmedabad

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MoU signed between Gujarat State Government and Mr PNC Menon, Founder- Sobha in the presence of Hon’ble Chief Minister of Gujarat Shri. Bhupendrabhai Patel
 
In a significant move towards sustainable urban development and community empowerment, the Gujarat state government has joined forces with philanthropist and visionary, PNC Menon, Founder- Sobha Group, to embark on the third phase of the Sabarmati Riverfront project. A Memorandum of Understanding (MoU) was signed in the presence of Hon’ble Chief Minister of Gujarat Shri. Bhupendrabhai Patel, solidifying their commitment to transform the riverfront. Mr. Menon’s philanthropic commitment of Rs 1000 crore over the next five years towards Sabarmati Riverfront development, is in line with his earlier commitment to donate 50% of his personal wealth to causes that help communities and foster all round development and progress in the country, reflecting his continued and unwavering dedication to giving back to the community.
In May 1997, the Ahmedabad Municipal Corporation (AMC) formed a Special Purpose Vehicle (SPV) – the Sabarmati Riverfront Development Corporation Limited (SRFDCL). The SRFDCL was entrusted with the responsibility of turning the Riverfront into a major urban asset for the city. One of the key features of this project is a two-level, continuous promenade at the water’s edge along each bank of the river. The 11.5 km long promenades built serves pedestrians and cyclists and provide access to the water and hosts a variety of public features at the city level – picturesque Parks & Gardens, Riverside Walkways, Atal Bridge, Biodiversity Park, state-of-the-art Sports Parks, Event Centre etc.
Sabarmati Riverfront Corporation Ltd had approved concept planning and design of phase – 2 in October 2020. Phase-2 of Sabarmati Riverfront Project involves 5.8 km addition to existing 11.5 km stretch of Riverfront East, upto Indira bridge, and another 5.2 km addition to existing 11.5 km stretch of Riverfront West, up to Indira bridge.
The Phase-3 of the riverfront development would be done as a collaboration between SOBHA Realty Dubai and the Gujarat state government symbolizing a shared vision to create sustainable, inclusive, and vibrant urban spaces that uplift communities and foster economic growth. The 4.5km stretch in Phase-3, on each side of the riverfront, would be developed aesthetically thereby transforming an additional stretch of the Sabarmati riverfront.
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