Tag: Ahmedabad

IndustryLatest Stories

Gujarat Plans Deregulation of NA in Town Planning Schemes

GANDHINAGAR: The Gujarat government is considering a proposal to remove the mandatory requirement for obtaining a non-agriculture (NA) certificate from the revenue department for projects—be it residential, commercial, mixed-use, or industrial—within town planning (TP) scheme areas. In a high-level meeting held on Thursday in Gandhinagar with officials from the government of India and secretaries of all state departments, the Gujarat government indicated to the Union government that it would likely repeal the clause requiring NA permission in areas governed by draft and finalized TP schemes. This certificate, issued by collectorates and district development offices, has been cited as a significant…

Latest StoriesRegulatory

I-T Raids on 30 Ahmedabad Sites Linked to Builders’ Cash Deals

AHMEDABAD: The income tax (I-T) department conducted a search on over 30 locations linked to two builder groups. This action was undertaken after a decoy from the department confirmed that the builders were accepting part of the payment for real estate in cash. The searches included corporate offices, construction sites, suppliers, and homes of key officials and promoters, involving over 100 I-T officials, as per sources. “The builders have multiple schemes around SG Road and beyond, and they have been under surveillance since Diwali. Initial findings indicate transactions worth crores have been uncovered,” sources revealed, noting that the search began…

IndustryLatest Stories

Ahmedabad Civic Body Starts Asset Monetisation to Boost Revenue

AHMEDABAD: The Asset Monetisation Cell (AMC) of the city is making its inaugural move to devise a strategy for evaluating and selling both AMC-owned and leased properties. Established in March 2025, the cell has issued a tender to appoint a consultant, with selections set to be finalized next month. This collaboration will aim to develop an effective sales strategy. The selected consultant will chiefly target the sale of 4,113 leasehold properties, including the notable Municipal Market located on CG Road. Bidders have until January 31 to submit their proposals, with an expected total property valuation exceeding Rs 2,000 crore. Moreover,…

Latest StoriesRera

Gujarat RERA Directs Builder to Pay Maintenance on Unsold Units

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has ruled that developers are required to pay maintenance charges for unsold units to housing societies from the date that Building Use (BU) permission is granted until those units are sold. In a case involving a housing society in Vastrapur, GujRERA stated that the promoter is responsible for ongoing maintenance of any unsold flats or units. This ruling came after the society reported that the developer had not settled maintenance fees for these unsold units, placing an additional financial burden on current residents. The complaint indicated that BU permission was obtained in…

Latest StoriesRegulatory

Gujarat’s Stamp Duty and Registration Fees Up 7% in 9M FY25

GANDHINAGAR | AHMEDABAD: The revenue generated by the Gujarat government from stamp duty and registration fees saw a notable 7% rise during the April-December 2025 period, increasing from ₹12,821 crore in 2024 to ₹13,699 crore in the initial nine months of the current financial year. Official sources indicate that income from these sources, driven by property registrations, is anticipated to exceed the budgetary target of ₹19,800 crore for the financial year 2025-26. “The increase in revenue is attributed to a rise in property transaction values. We expect total revenue for the financial year to surpass the budget estimate,” sources mentioned.…

Latest StoriesRegulatory

Ahmedabad collects ₹24 crore from property tax rebate scheme

AHMEDABAD: A property tax rebate scheme initiated by the Ahmedabad Municipal Corporation (AMC) from January 1 to March 31 has garnered a positive response. Within the first week, 24,887 taxpayers have paid property taxes totaling over Rs 24 crore. Collections have been significant across all seven zones. This initiative offers a 100% interest waiver for both residential and commercial properties under the previous tax formula from January to March. For residential properties using the new tax formula, interest waivers are set at 85% in January, 80% in February, and 75% in March, reducing by 5% each month to encourage early…

Latest StoriesRegulatory

Ahmedabad collects impact fee for two homes on govt land

AHMEDABAD: Officials from the Ahmedabad Municipal Corporation (AMC) have faced allegations of collusion and irregularities from a co-operative housing society in Ghatlodia ward. Society members claim that AMC officials in the North West Zone improperly collected impact fees for two houses constructed illegally on government land, falsely attributing them to their society. On December 22, 2024, the society members submitted an appeal to the Appellate Authority in Gandhinagar under the Gruda Act, 2022. The appeal, initiated by Natwarlal Panchal along with eight other society members, states that impact fees were unlawfully charged in May 2024 for the two homes built…

Latest StoriesResidential

One Arrested in ₹2 Crore PMAY Fraud with 100+ Victims

AHMEDABAD: Promised with no government forms or lotteries, more than 100 women from underprivileged backgrounds fell victim to a significant scam, losing over Rs 2 crore in total. The accused, Neel Madhav Patel, reportedly claimed to have direct access to housing allocations under the Pradhan Mantri Awas Yojana (PMAY). Sunita Bhandari, a 27-year-old domestic worker from Paldi, approached the city police commissioner to report how Patel deceived her. She claimed that she was not alone, with around 100 other female victims also affected. Based on her report, the Detection of Crime Branch (DCB) filed an FIR on Monday. Patel assured…

InfrastructureLatest Stories

Gujarat Plans Five Satellite Towns to Relieve City Pressure by 2030

Representative AI image AHMEDABAD: Gujarat is planning to establish five satellite towns with metro-like amenities and enhanced economic potential to alleviate pressure on major urban centers by 2030, officials announced on Friday. As per a government statement, the proposed satellite towns include Sanand near Ahmedabad, Savli (Vadodara), Kalol (Gandhinagar), Bardoli (Surat), and Hirasar (Rajkot). “The state government is currently seeking urban planners to create master plans for these towns and is in the process of appointing planners through a tender process. By 2030, we aim to equip these towns with metro-like facilities and enhance their economic capabilities, thereby reducing the…

InfrastructureLatest Stories

Gujarat to Launch AI Research Organization at GIFT City

Sure! Here’s a rewritten version: Representative AI Image AHMEDABAD: On Tuesday, Gujarat Chief Minister Bhupendra Patel granted in-principle approval for the establishment of the Indian AI Research Organisation (IAIRO) to enhance research and development in artificial intelligence. The initiative will be executed through a collaboration involving the state and central governments, along with the Indian Pharmaceutical Alliance (IPA), following a Public-Private Partnership (PPP) model, as per the official announcement. The Gujarat government has undertaken this project to promote R&D in AI, aiming to boost the national AI ecosystem under the guidance of Prime Minister Narendra Modi and the Chief Minister.…