Tag: Ahmedabad

IndustryLatest Stories

Gujarat Eliminates 30-Day Wait for Property Sale Certification

GANDHINAGAR: The Gujarat government has announced a significant amendment to the Land Revenue Act of 1879 concerning undisputed land transactions. This change eliminates the mandatory 30-day notice period that previously began upon signing the sale document, which allowed for objections to be raised. The amendment to Section 135D enables immediate certification of sale entries. However, certain conditions apply. If there have been changes to the property record within the past year, the sale is executed through a power of attorney (PoA), not all individuals listed in the 7/12 have consented to the sale, or if there is pending litigation, the…

InfrastructureLatest Stories

Ahmedabad’s 2041 Draft Development Plan Expected in June

GANDHINAGAR: The long-awaited draft development plan for Ahmedabad, put together by the Ahmedabad Urban Development Authority (Auda), is projected to be released in June, shortly after the local body elections. According to key sources involved in the process, substantial revisions are anticipated in the new draft development plan (DP), which will also encompass additional areas within the urban development authority’s jurisdiction. “The new DP will shift focus from a standard 10-year plan to a vision extending to 2041 and 2047, aimed at significantly enhancing the city’s infrastructure, particularly as Ahmedabad is set to host the Commonwealth Games in 2030 and…

Latest StoriesRegulatory

CAG Flags Dual Benefit Issues in Gujarat Housing Schemes

AHMEDABAD: The Comptroller and Auditor General (CAG) has identified instances where individuals received benefits from multiple housing schemes, contravening established guidelines. “According to PMAY-G guidelines, if a household is allocated a home under any government scheme, the gram sabha must remove that household from the system-generated priority list of eligible beneficiaries,” the report indicates. The audit revealed cases where some beneficiaries accessed funding from various housing schemes alongside PMAY-G. “In Jamnagar and Surat districts, 24 beneficiaries under PMAY-G were also sanctioned houses under PMAY-Urban,” the report detailed. “Among these 24 beneficiaries, seven received a total of ₹16.55 lakh under PMAY-U,…

IndustryLatest Stories

Global Investors Target GIFT City Amid West Asia Tensions

MUMBAI: Growing geopolitical tensions in West Asia are leading some global investors and non-resident Indians to reevaluate their concentrated investments in Dubai. This has resulted in increased inquiries about India’s International Financial Services Centre at GIFT City. While Dubai continues to be a major capital hub for wealth management and investments, recent market volatility is prompting a diversification strategy, as investors look for jurisdictions that offer regulatory stability and are closer to growth markets like India. “The geopolitical instability in West Asia is reflected in the rising interest for office space at GIFT City, particularly among institutions and intermediaries who…

Latest StoriesRera

PM Gati Shakti to Oversee Gujarat RERA Projects

GANDHINAGAR: The Gujarat Real Estate Regulatory Authority (GujRERA) and the state urban development department are now integrating GujRERA-registered real estate projects with town planning and development plan data, facilitated by the PM Gati Shakti platform to enhance service delivery. Established under the Real Estate (Regulation and Development) Act, 2016, GujRERA is responsible for the registration of real estate projects and agents, along with regulation, monitoring, and grievance redressal for the registered projects. Currently, promoters utilize Google-based services to define project boundaries and upload information to the GujRERA portal. These services are also employed to display project boundaries on maps, geo-fence…

InfrastructureLatest Stories

Ahmedabad: 20 Homes, 4 Shops Demolished for Road Expansion in Narol

Representative AI image AHMEDABAD: The estate TDO department of the South Zone of Ahmedabad Municipal Corporation (AMC) conducted a demolition drive on Wednesday to clear an 18m-wide road as part of Town Planning Scheme 60 in the Narol area. During the operation, 20 residential houses and four shops that were obstructing the planned road were demolished. Additional encroachments, including platforms within the designated road area, were also removed. A total of 3,510 sq m of land was cleared, facilitating the opening of a 195-metre-long road stretch. Before the demolition, the AMC had issued notices to the occupants, urging them to…

CommercialLatest Stories

Investors Claim ₹1.6 Crore Fraud in WTC GIFT City Project

AHMEDABAD: On Wednesday, the CID (Crime) lodged a complaint regarding an alleged financial fraud exceeding Rs 1.56 crore tied to an investment scheme associated with a commercial project in GIFT City. The complaint stated that investors were enticed with promises of high monthly returns and a buyback guarantee, but later found their repayment requests denied. As per the complaint, in 2021, a group of investors was approached by a real estate intermediary who presented an investment opportunity in the WTC GIFT City Tower-C. The investors were informed that by purchasing commercial units in the project, they would receive a monthly…

InfrastructureLatest Stories

Ahmedabad’s Development Plan Now Targets 2041

Representative AI image AHMEDABAD: A new Development Plan (DP) is in the works before the current plan’s 10-year term wraps up. However, the Ahmedabad Urban Development Authority (Auda) has yet to finalize this draft, despite the previous plan—Ahmedabad Development Plan 2021—expiring a year ago. This delay stems from Auda’s decision to depart from longstanding traditions. Rather than crafting another 10-year plan, they are developing a 20-year plan, extending through to 2041, largely influenced by the potential hosting of the 2036 Olympics in Ahmedabad and Gandhinagar. For the first time, Auda is committed to creating a 20-year Development Plan instead of…

IndustryLatest Stories

Ahmedabad body now permits development in Gokuldham agri zone

AHMEDABAD: Twelve years after the Ahmedabad Urban Development Authority (Auda) approved the layout for Gokuldham township, the authority’s chairman has been empowered to issue development and revised development permissions for the agricultural land within the township. A dispute surfaced in April 2014, resulting in a halt to these permissions. The township covers over 10 lakh square meters in Sanand taluka, adjacent to Ahmedabad city. On October 8, 2002, Auda authorized the comprehensive layout plan for Gokuldham, which spans more than 50 hectares of land under the General Development Control Regulations of that time. Permissible specifications included an FSI of 1.2,…

InfrastructureLatest Stories

Illegal Constructions Cleared from Vadu Lake, Chandkheda

AHMEDABAD: On Tuesday, the estate TDO department of the Ahmedabad Municipal Corporation’s West Zone carried out demolitions of illegal structures around Vadu Lake in Chandkheda. This operation resulted in the removal of nine cattle sheds, 16 semi-permanent residences, and one religious building, clearing the 43,200 square metres area of the lake. Similarly, in Vejalpur’s Ropda Lake, authorities demolished four illegally constructed homes and four religious structures. In the North West Zone, the estate TDO opened a 30-meter wide road in Ghatlodia by demolishing four shops and three houses. Additionally, three temporary sheds were cleared from a reserved plot in TP…