Tag: Ahmedabad

IndustryLatest Stories

Ahmedabad Urges Developers to Maintain Percolation Wells for BU Permit

AHMEDABAD: The Ahmedabad Urban Development Authority (Auda) has reinforced its commitment to groundwater recharge by adding new conditions for granting building use (BU) permission. During a recent meeting, its board decided that developers must maintain percolation wells on their sites to obtain BU permission. Developers are now required to install a percolation well and provide a notarized affidavit stating, “The percolation well and the rainwater harvesting system are operational, and we will ensure their ongoing functionality.” Only after this will Auda grant BU permission. The original requirement for percolation wells in constructions exceeding 500 sq m was established in the…

IndustryLatest Stories

Ahmedabad’s Major Land Deal Nets ₹31 Crore Stamp Duty

AHMEDABAD: A landmark land transaction in the city has resulted in the highest stamp duty from a single sale deed to date. A 66,168 sq m plot in Chandkheda has been sold to LuLu International Shopping Malls Pvt Ltd for Rs 519.41 crore, generating Rs 31 crore in stamp duty revenue for the government. The deed was finalized on Friday at the Sabarmati sub-registrar’s office within the Ahmedabad district collector’s office. According to sources at the sub-registrar’s office, this is the largest land sale registered in Ahmedabad, thus marking a significant increase in stamp duty revenue. Officials from the state…

IndustryLatest Stories

Ahmedabad body auctions Chandkheda plot, includes service road

AHMEDABAD: Different departments within the Ahmedabad Urban Development Authority (Auda) appear to be making significant decisions without proper communication. A notable instance of this miscommunication is a recent land deal. One year after auctioning 21,685 sq m of prime land next to the SP Ring Road in Chandkheda for ₹166 crore, officials in the estate department discovered that their counterparts in the town planning department had already designated part of that land for a 9m wide service road. In response to this oversight, Auda officials hurried to rectify the situation. During the board meeting on September 30, they proposed granting…

Latest StoriesResidential

Ahmedabad Dussehra Sales Hit by Property Price Drop

AHMEDABAD: The real estate market in Ahmedabad is witnessing a slowdown this Dussehra, with demand remaining low. Experts attribute this trend to an oversupply in certain regions and rising property prices, marking this festive season as the weakest since the COVID-19 pandemic. The Confederation of Real Estate Developers’ Associations of India (CREDAI) Gujarat is hopeful for a rebound in demand, considering the potential for Ahmedabad to host the Commonwealth Games as a possible trigger. Pravin Bavadiya, former president of the Ahmedabad Realtors’ Association, stated, “While the city saw significant demand post-COVID, the current market is challenged by oversupply and escalating…

InfrastructureLatest Stories

Ahmedabad to Launch 7 New Town Planning Schemes

AHMEDABAD: During the Ahmedabad Urban Development Authority (AUDA) board meeting on Tuesday, it was decided to establish seven new Town Planning (TP) Schemes in the villages surrounding the city. AUDA announced that with Ahmedabad gearing up to host the Commonwealth and Olympic Games, these new TP schemes aim to facilitate rapid and systematic development in satellite areas. The planned TP schemes will be developed in the villages of Saij, Godhavi, Kaneti, Nidhrad, and Manipur, located within the AUDA jurisdiction. This initiative will urbanize approximately 1,000 hectares in these regions, making way for essential infrastructure and new road construction. Published On…

Latest StoriesRegulatory

Gujarat HC Penalizes Flat Owners for Redevelopment Delay

AHMEDABAD: The Gujarat High Court has levied a fine of ₹1 lakh on dissenting members of Surya Apartments-2 for attempting to obstruct its redevelopment via litigation, which led the court to label their actions as creating an “artificial emergency” for an expedited hearing. Surya Apartments-2, constructed in 1987 by the Gujarat Housing Board on Sola Road, Ahmedabad, has 132 flat owners, of which 110 consented to the redevelopment, meeting the necessary legal requirements. The GHB, a co-lease owner, also supported the project in 2022. However, 34 dissenting members contested this decision in civil court, which on September 2 declined to…

IndustryLatest Stories

Ahmedabad’s 50% Discount on Leases Leads to ₹23 Crore Loss

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has reported a loss of Rs 23 crore due to the temporary leasing of plots at a 50% discount based on new jantri rates. The AMC leases reserved plots throughout the city to builders, traders, social organizations, and companies, applying new jantri rates for these plots. However, a 50% discount is factored into the total rent calculated. On Friday, the AMC’s estate department proposed to increase the temporary plot rent from 50% to 65% of the new rate, but this proposal was rejected by the standing committee. The state government announced on February 4,…

Latest StoriesResidential

Demolition Mishap: Debris Damages Homes in Ahmedabad

Representative image AHMEDABAD: A routine demolition took a dangerous turn on Saturday evening when debris from a redevelopment project fell onto a neighboring apartment complex, causing damage and raising significant concerns about the builder’s safety protocols. The incident happened next to the Guru Kripa Apartment on Premchandnagar Road in the Satellite area, where the demolition of the Shagun-1 and Shagun-2 apartments was in progress—located on either side of the affected structure. At around 7:45 PM, complications arose during the demolition. Heavy debris from the collapsing buildings struck flats No. 7 and 3 of the Guru Kripa Apartment. Residents acted swiftly,…

InfrastructureLatest Stories

CAG Highlights Underuse of Welfare Fund for Construction Workers

Representative Image AHMEDABAD: The Gujarat government has collected over Rs 4,700 crore as a welfare cess from developers over the past 16 years, until 2023. However, only Rs 808 crore, or 17%, has been utilized for worker welfare through a legally mandated board. This issue was highlighted in the audit report from the Comptroller and Auditor General of India (CAG), which was presented in the legislative assembly on the last day of the monsoon session. The ‘performance audit on the welfare of building and other construction workers for the period 2017-22’ indicated that the absence of a Welfare Fund resulted…

InfrastructureLatest Stories

Ahmedabad Utilizes 92% of Rs 2,561 Crore in TDR Rights

Representative AI image AHMEDABAD: The city has effectively utilized transferable development rights (TDR) for initiatives ranging from slum redevelopment to heritage restoration, positioning itself as one of India’s most vibrant TDR markets. By 2025, Ahmedabad is set to absorb 95% of its total TDR — Rs 2,561 crore out of Rs 2,778 crore. TDR allows the transfer and sale of unused development potential from one property to another. This information was shared during a conference on ‘Global Best Practices in City Densification through Innovative Planning Tools and Techniques’ by Cept University professor and member of the Gujarat Housing and Labour…