Tag: Ahmedabad

Latest StoriesResidential

Residents blame Ahmedabad civic body for delaying action on illegal building

AHMEDABAD: Residents of Adhikar Co-operative Housing Society in the D-Cabin area of Sabarmati have accused the Ahmedabad Municipal Corporation (AMC) of neglecting their complaints regarding a five-storey illegal building within their property, despite raising issues consistently for the past 18 months. As per society officials, the building—which includes 24 rooms allegedly intended for renting as paying-guest accommodation—was erected without any approvals from the society, government authorities, or the AMC. Residents claim that work continued unabated even after the civic body issued notices and sealed the site. Rakesh Kumar Mishra, the society chairman, expressed frustration over the lack of action, stating,…

IndustryLatest Stories

Ahmedabad Upgraded to High-Risk Quake Zone; Realty Faces 25% Cost Hike

Representative AI image AHMEDABAD: The Bureau of Indian Standards (BIS) has announced a major revision in the seismic zoning for states across India, elevating Ahmedabad to a higher seismic risk category. The city’s classification has been upgraded from Zone III to Zone IV, a change that will affect the structural design of all new buildings approved after May 2026. Sources indicate that the new classifications will come into effect on May 3, 2026. Structural engineers will need to ensure buildings can withstand stronger earthquake forces, likely leading to an increase in material usage. Industry experts anticipate a 20-25% rise in…

Housing FinanceLatest Stories

Home Loans Rise 14%, Buyer Growth Only 7% in Gujarat

AHMEDABAD: While Gujarat’s housing finance numbers are on the rise, homebuyer sentiment remains stagnant. According to SLBC data for the September 2025 quarter, housing loan disbursements have increased by 14% year-on-year, climbing from ₹14,266 crore to ₹16,264 crore. However, the number of borrowers has only grown by 7%, from 95,532 to 1.02 lakh. This disparity highlights a healthy flow of credit but a lack of purchasing momentum, particularly among mass-market buyers. Banking sources indicate that most lending occurs in major cities such as Ahmedabad, Vadodara, Surat, and Rajkot. “Despite substantial lending activity, there is a notable decline in demand for…

Latest StoriesResidential

Ahmedabad: 11 Tenements Sealed for Illegal PGs in Thaltej

Representative AI image AHMEDABAD: Authorities sealed eleven tenements at Soham Row Houses in Thaltej for allegedly running paying guest (PG) accommodations without proper authorization from the Ahmedabad Municipal Corporation (AMC). The AMC had previously issued notices to these units, urging them to obtain the necessary permissions. However, compliance was not met, leading the estate TDO department in the North West Zone to seal three tenements on December 3 and eight on December 4. Earlier this year, a BJP Rajya Sabha MP called for legal action against unauthorized PG units during a coordination meeting with MPs and MLAs chaired by the…

IndustryLatest Stories

Ahmedabad Plans to Earn ₹473.7 Crore from Five Plots Auctioned

Representative Image AHMEDABAD: During an online auction held on Thursday and Friday, the Ahmedabad Municipal Corporation (AMC) successfully sold five plots in areas such as Shilaj, Chandkheda, Sola, and Vastral, which is projected to bring in ₹473.7 crore. Out of 13 plots listed for sale across different areas in the city, only five were sold. As per the AMC’s estate department, Final Plot No. 93 in Shilaj (TP Scheme No. 216), designated for residential use with an area of 9,765 sq m and a base price of ₹168.9 crore (₹1.7 lakh per sq m), was auctioned for ₹1.7 lakh per…

IndustryLatest Stories

17 Tall Buildings Approved in Ahmedabad Over Last 2 Years

Here’s a rewritten version of the content: Representative AI image AHMEDABAD: The Standing Committee of the Ahmedabad Municipal Corporation (AMC) convened on Thursday to evaluate the construction proposals for towers exceeding 70 meters in height within the city. Over the past two years, the AMC has approved development permits for 17 tall buildings, generating an income of ₹250 crore. All 17 structures are located exclusively in the western part of the city and will comprise a total of 2,000 residential and 2,300 commercial units. The AMC’s town development department has already issued the Building Use (BU) certificate for one tower,…

IndustryLatest Stories

CEO: 50% of GIFT City Land Allotted

Representative AI image AHMEDABAD: The Gujarat International Finance Tec-City (GIFT) has seen significant growth recently due to increasing demand. According to MD and Group CEO Sanjay Kaul, development rights for approximately 29 million square feet, or about 50% of the planned built-up area, have been allocated. Kaul reported that in the last quarter alone, over 100 entities opted to establish their presence at GIFT City, marking the highest quarterly figure to date. “GIFT City is India’s only fully operational smart city and global financial services center. With ongoing policy reforms, it is emerging as a hub for finance, technology, Alternative…

IndustryLatest Stories

Two Ahmedabad Developers Allegedly Forge MoU for Land Claim

AHMEDABAD: Recently, allegations of cheating and forgery have emerged against two land developers. The complainant, Bhavesh Patel, a resident of Bopal, has accused Ujash Shah and Sanjay Shah of Ethereum Infracon LLP of deceit. According to Patel, he entrusted the accused with the development and marketing of numerous land plots in Ahmedabad district. “We trusted their expertise after several meetings with them,” Patel stated. However, it was later revealed that the accused allegedly forged documents to sell the land to others without Patel’s consent. Patel further claims the duo created a fraudulent Memorandum of Understanding (MoU) that included forged signatures.…

InfrastructureLatest Stories

Ahmedabad’s Demolition Drive Targets Illegal Builds in Vatva, Jamalpur

AHMEDABAD: The Town Development Officer (TDO) of the Ahmedabad Municipal Corporation (AMC) executed demolition drives in the Vatva and Jamalpur regions on Tuesday, focusing on illegal constructions and encroachments on public and civic lands. In Vatva, the AMC dismantled 14 illegal structures located around Bhoja Talav, situated along the Narol-Aslali Highway. Officials reported that approximately 12,540 sq m of lake land was reclaimed from encroachment. Additionally, in Lambha ward, two unused toilet blocks on Gamtal Road in Saijpur-Gopalpur were demolished, along with five compound walls. In a separate initiative, officials in the Central Zone’s Jamalpur area demolished illegal construction on…

InfrastructureLatest Stories

Gujarat to Build 5 New Satellite Towns for Urban Growth

GANDHINAGAR: In a significant move towards planned urbanization, the state government has introduced initiatives to develop towns surrounding Gujarat’s five major cities—Ahmedabad, Gandhinagar, Vadodara, Surat, and Rajkot—into fully equipped satellite towns. The Urban Development Department (UDD) has established a high-level committee to expedite infrastructure development, ensuring these new urban hubs evolve alongside their “mother cities.” As per a government notification released in October, the identified satellite towns include Kalol (under the Gandhinagar Urban Development Authority, Guda); Sanand (under the Ahmedabad Urban Development Authority, Auda); Savli (under Vadodara Urban Development Authority, Vuda); Bardoli (under Surat Urban Development Authority, Suda); and Hirasar…