SRFDCL is a special purpose vehicle formed to develop the Sabarmati Riverfront Project. The Ahmedabad Municipal Corporation (AMC) has loaned money to SRFDCL which has been supplemented by AMC’s investment in the share capital of SRFDCL. The Housing and Urban Development Company (HUDCO- a Central Government financial institution) has also provided a loan for the Riverfront Project.
The project has been planned to be self-financed. A small portion of the reclaimed land will be sold for commercial development, to generate adequate resources to pay for developing the riverfront and managing it. While the major infrastructural components of the project are almost complete, it has already led to increased land values, thus reducing the percentage of land for sale than what was originally thought of. The private developments that will be built on the riverfront shall be carefully controlled by volumetric regulations to ensure that the built environment along the riverfront is harmonious and has a memorable skyline.