Tag: Ahmedabad

Latest StoriesRegulatory

Gujarat HC mandates aeronautical survey before SVPI airport demolition

AHMEDABAD: The Gujarat High Court issued an important ruling on Thursday, directing the Airports Authority of India (AAI) and relevant authorities to conduct an aeronautical survey of buildings after complaints from six developers. These developers received demolition notices for construction exceeding permitted heights, posing a potential risk to flights near Sardar Vallabhbhai Patel International Airport. Advocate Nimit Shukla, representing one of the developers, stated, “The developers—Mahil Infra, Abjibapa Infra, Preyas Infra, Balaji Developers, Kalash Infra, and Parth Developers—constructed multiple towers with a maximum height of 102.7m in Hanspura, Naroda, Nana Chiloda, and adjoining areas, all with the necessary clearances from…

IndustryLatest Stories

Builders request Gujarat RERA to extend project deadlines by 6 months

AHMEDABAD: The real estate developers’ association, Credai Ahmedabad, has requested the Gujarat Real Estate Regulatory Authority (GujRERA) for a six-month extension on ongoing housing projects under the force majeure provision of the RERA Act. The appeal comes in light of increased construction costs, supply chain disruptions, and labor shortages. In its communication to the regulator, the association highlighted that the ongoing conflict in West Asia has severely impacted the availability of crude-related construction materials, which is hindering project execution and straining financial planning in the sector. Developers are struggling to meet completion deadlines for current projects, with new launches and…

IndustryLatest Stories

PropShare Celestia Units Drop Over 1% on Trading Debut

NEW DELHI: PropShare Celestia’s units concluded their first trading day over 1% lower on Friday. The units commenced trading at ₹9,99,900.01, reflecting a 4.77% drop from the issue price of ₹10,50,000 per unit listed on the BSE. They eventually settled at ₹10,35,000, down by 1.42%. The market valuation of the company is now at ₹241.16 crore. On the final day of the subscription last Thursday, PropShare Celestia’s initial public offering (IPO) received a subscription rate of 1.33 times. This marks the third Small and Medium Real Estate Investment Trust (SM REIT) launched by Property Share Investment Trust. The ₹244-crore issue…

IndustryLatest Stories

Real Estate Strained by Material Shortages and Labor Crunch in Ahmedabad

AHMEDABAD: The city’s real estate sector is facing significant challenges, including shortages of essential construction materials, rising input costs, and a lack of labor, all of which are disrupting project timelines and planning, according to developers following a meeting on Friday. Builders gathered under the Confederation of Real Estate Developers’ Associations of India (CREDAI), Ahmedabad, to evaluate the deteriorating situation and its implications for both ongoing and upcoming projects. They highlighted severe shortages of critical materials such as aluminum pipes, CPVC products, ceramics, and electrical fittings that have greatly hindered construction activities. Developers noted that the situation is exacerbated by…

InfrastructureLatest Stories

Ahmedabad Penalizes Four Construction Sites for Violations

AHMEDABAD: On Thursday, the North Zone estate department of the Ahmedabad Municipal Corporation (AMC) imposed penalties ranging from Rs 25,000 to Rs 2 lakh at four construction sites located in Gota, Bodakdev, and Chandlodia for violating environmental regulations and worsening air quality. The Arambh Greens construction site in Chandlodia failed to install the required green net and encroached upon the roadway with materials, resulting in a penalty of Rs 50,000. Similarly, the Orium Zenith site in Chandlodia was fined Rs 50,000 for not having the green net in place. The Valenor site in Bodakdev faced a Rs 25,000 fine for…

Latest StoriesRegulatory

Gujarat’s stamp duty, registration revenue rises 30% to ₹19,000 crore

GANDHINAGAR: Gujarat’s revenue from stamp duty and registration fees surged by 30% year-on-year, reaching Rs 19,102.58 crore in 2025-26, an increase of nearly Rs 4,400 crore from Rs 14,706 crore in 2024-25, as per official statistics. During the financial year that ended on March 31, 2026, 18.95 lakh property documents were registered, compared to 18.77 lakh the previous year. This slight uptick in registrations, along with significant revenue growth, indicates that the registered properties had a higher value than in the prior year. Sources in the real estate sector and officials highlighted that the increase is partly due to the…

IndustryLatest Stories

Ahmedabad: 3 Gota Construction Sites Sealed for No Green Nets

AHMEDABAD: In a decisive move against dust pollution and urban safety violations, the Ahmedabad Municipal Corporation (AMC) has shut down three significant construction sites in Gota ward as of Saturday. This action followed the failure of these sites to install essential green nets and barricades to manage particulate emissions. A team from the AMC’s Estate and Town Development Officer (TDO) department conducted an unannounced inspection, leading to the suspension of work at Evera, S Plus, and Solo Bliss 2 sites for breaching the city’s Good Construction Practice Policy. Additionally, the Solo Bliss site received a fine of ₹1 lakh for…

InfrastructureLatest Stories

Ahmedabad Civic Body Shifts Parking Responsibility to Owners

Representative Image AHMEDABAD: Every evening in the bustling areas of Ahmedabad, vehicles overflow onto sidewalks, turning lanes are congested, and residents navigate through spaces ill-suited for parking. The AMC aims to address this daily chaos with new regulations established recently. “Non-compliance with these regulations may result in the suspension or revocation of building usage permissions, as outlined in the Comprehensive General Development Control Regulations-2017,” the announcement clarified. Under these new guidelines, property owners are tasked with ensuring that all vehicles—whether from residents or visitors—are parked appropriately on their premises. To facilitate this, buildings must designate a person to oversee parking…

Latest StoriesResidential

Gujarat Property Registrations Fall to 1,610 in FY26

AHMEDABAD: According to data from GujRERA, Gujarat’s real estate sector saw new project registrations dip to 1,610, the lowest level since the pandemic-affected fiscal year 2021. Experts attribute this decline to a combination of market saturation from recent developments and a more cautious approach by developers, following nearly four years of robust post-pandemic demand. Ahmedabad accounted for 506 of these new registrations. The robust demand observed in urban centers, particularly as homebuyers sought upgraded lifestyles, has slowed. Since FY 2021, annual project registrations have consistently exceeded 1,700, but FY 2026 marked a decline of approximately 211 projects compared to the…