Tag: Gujarat RERA

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…

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…

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 StoriesRera

Gujarat RERA Streamlines Grievance Resolution Process

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has introduced a new standard operating procedure (SOP) aimed at enhancing the grievance redressal process for property buyers and stakeholders. The updated SOP adopts a digital-first approach, bolstering the existing online mechanisms and clearly outlining procedural timelines and roles. Individuals purchasing property can now file complaints from the comfort of their homes using the GujRERA portal. While an offline option remains, online submissions are encouraged for swift resolutions. Upon submitting an online complaint, a physical copy must also be delivered to the RERA office within seven days, according to a state government…

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21% of Builders Still Haven’t Filed Gujarat RERA Report

AHMEDABAD: Despite receiving an extension, only 79% of developers have submitted their annual financial reports for 2024-25, as reported by sources from GujRERA (Gujarat Real Estate Regulatory Authority). The authority has put in place a penalty system for developers who fail to adhere to the regulations. Historically, about 80% of developers complied with submitting this Form-5. GujRERA also actively pursues action against non-compliant developers. Each promoter is obligated to have their accounts audited within six months after the financial year ends for every registered project and must upload the annual report in Form-5 to their GujRERA webpage. This year, for…

CommercialLatest Stories

Gujarat RERA Seeks Govt Aid to Revive GIFT City Project

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has reached out to the state urban development department (UDD), seeking assistance in completing the long-delayed World Trade Centre (WTC) project at GIFT City, where numerous investor funds are currently tied up. Sources indicate that this call for intervention follows the arrest of the project’s promoter by the Enforcement Directorate (ED) over allegations of real estate fraud. The association of allotters has expressed that they are unable to proceed with the project. Officials have noted that the project, which began in 2014-15, was intended to feature four towers. While two have been…

Latest StoriesRegulatory

Gujarat HC Lifts Stay on Pacifica Developers’ Civil Prison Order

AHMEDABAD: The Gujarat High Court has undone the stay on the Gujarat Real Estate Regulatory Authority’s (GujRERA) order to detain officials from Pacifica Developers Pvt Ltd, including managing director Rakesh Israni, in civil prison for 60 days. The developers were penalized for not delivering a house to a buyer and for allegedly selling the same property to someone else. Last week, Justice Vaibhavi Nanavati not only permitted the enforcement of the civil prison order but also referred the case to a division bench for potential contempt proceedings against Israni, as well as other officials—Darpan Tarwani, Kaushik Patel, and Jay Chandani—for…

CommercialLatest Stories

Gujarat Sees 245 New Commercial Projects in 2024-25

AHMEDABAD: Gujarat’s commercial real estate sector is experiencing a robust revival after years of fluctuation. In 2024-25, the state celebrated the launch of 245 new commercial projects — the highest number since 2019-20’s 269 projects. Additionally, 31,520 commercial units were registered, marking a peak in post-Covid registrations, according to the latest GujRERA report. The sector saw a dramatic drop of 58% in registrations during 2020-21, the peak Covid year, primarily due to the work-from-home culture and lockdowns affecting demand. Tejas Joshi, vice-president of Credai Gujarat, stated, “Office demand plummeted sharply, with businesses in sectors like entertainment, food services, gyms, and…

IndustryLatest Stories

Gujarat’s 5 districts draw ₹5.03 lakh crore in real estate investments

AI-generated Representative Image AHMEDABAD: Since the Real Estate (Regulation and Development) Act (RERA) was implemented in 2017, Gujarat’s real estate sector has attracted investments totaling ₹5.03 lakh crore. Notably, 94% of this investment is concentrated in five key districts: Ahmedabad, Gandhinagar, Surat, Vadodara, and Rajkot. This concentration is largely attributed to rapid urbanization, improved infrastructure, and heightened demand for residential and commercial properties. In stark contrast, the remaining 28 districts—home to nearly two-thirds (64%) of Gujarat’s population—have garnered only 6% of the total investments. Experts express concerns about this uneven distribution of resources and emphasize the need for balanced infrastructure…