Tag: Gujarat

Latest StoriesResidential

PM to Inaugurate PMAY Homes in Gujarat

AHMEDABAD: Prime Minister Narendra Modi will embark on a two-day visit to Gujarat starting August 25, during which he will inaugurate 1,449 houses and 130 shops constructed under the Pradhan Mantri Awas Yojana (Urban), with a total investment of Rs 133.42 crore, according to officials. The inauguration of these houses is a key event during his visit, as per an official statement. “As part of the in-situ slum redevelopment initiative under the PMAY (Urban), the Prime Minister will inaugurate rehabilitation efforts encompassing 1,449 houses and 130 shops at a cost of Rs 133.42 crore, located in sector-3 of the slum…

IndustryLatest Stories

Developers Urge Gujarat for Consistent Registration Fees

AHMEDABAD: Although the city is experiencing an uptick in redevelopment projects, developers are reporting that inconsistencies in the registration process are causing delays. The Urban Redevelopment Housing Society Welfare Association has reached out to the state government, highlighting that some sub-registrar offices impose a 1% registration fee based on jantri rates, while others charge a flat fee of Rs 100. The association is calling for a standardized registration process throughout the state. According to association president Jitendra Shah, “Ahmedabad holds significant potential for redevelopment. Currently, over 600 societies are negotiating with developers. More than 150 redevelopment projects have been completed,…

IndustryLatest Stories

Godrej Properties Buys 34 Acres in Vadodara

NEW DELHI: Godrej Properties (GPL), based in Mumbai, has purchased 34 acres of land in Vadodara. This land will primarily feature plotted residential units, providing an estimated saleable area of 900,000 sq ft. This acquisition marks GPL’s second land purchase in Gujarat within the last year. In October 2024, the company previously obtained a three-acre parcel in Vastrapur, Ahmedabad. Recently, the company also acquired a 48-acre land parcel through direct purchase in Doddaballapur, Bengaluru, which will mainly consist of plotted units with a potential development area of 1.1 million sq ft. Published On Jul 31, 2025 at 11:14 PM IST…

Latest StoriesResidential

Gujarat Waives ₹200 Fee for Ownership Certificates in SVAMITVA

AHMEDABAD: The Gujarat government has announced the waiver of the Rs 200 fee for ownership certificates under the SVAMITVA scheme, alleviating the financial strain on rural property owners, officials confirmed on Monday. Property owners in rural Gujarat can now obtain their “sanad” or ownership certificate at no cost under the SVAMITVA scheme. The SVAMITVA Yojana, initiated by Prime Minister Narendra Modi in 2021, aims to provide property cards to rural landholders nationwide. Utilizing drone technology, the ‘Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) Scheme’ surveys properties in populated rural regions, issuing property cards to…

InfrastructureLatest Stories

Gujarat Unveils New Policy for Township Projects After 16 Years

Representative image created by AI GANDHINAGAR: Gujarat is reexamining its urban housing strategy. As part of its Urban Development Year initiative, the state government is crafting a new township policy aimed at fostering organized and affordable housing throughout its cities. The previous policy from 2009 struggled to take off due to various implementation issues. The updated version aims to provide incentives such as eased floor space index (FSI), tax reductions, and improved alignment with urban development plans. Sixteen years after launching the 2009 Residential Township Policy, the government plans to entice real estate developers to create large-scale, self-sufficient townships. Senior…

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…

Latest StoriesRera

Gujarat RERA Warns on NBFC Funding for Construction Projects

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has identified significant issues in loan practices adopted by builders and non-banking finance companies (NBFCs) for project financing. These issues include the mortgaging of unsold inventories from other projects and the disbursement of loans without RERA registration. To safeguard buyers’ interests, the authority plans to address these concerns with the state finance department for escalation to the Reserve Bank of India (RBI). GujRERA emphasizes the necessity for a standardized operating procedure for real estate projects funded by NBFCs. Senior officials from GujRERA have noted that builders seeking funds frequently turn to NBFCs,…

Latest StoriesResidential

Gujarat CM Sets ₹200 Annual House Tax for PMAY-Gramin Beneficiaries

GANDHINAGAR: Gujarat Chief Minister Bhupendra Patel has announced an important measure to benefit recipients of government-backed housing in rural areas of the state. The initiative introduces a uniform annual house tax of Rs 200 for beneficiaries under various government housing schemes, including the Central Government’s flagship program, Pradhan Mantri Awas Yojana (Rural). An annual tax rate of Rs 200 has been established for four years, starting with the current assessment cycle, applicable to houses built with government aid within all Gram Panchayats statewide, as per the official announcement. No Gram Panchayat will have the authority to impose a rate higher…

Latest StoriesRegulatory

Builder in Vadodara to Refund Buyer for Delayed Possession

VADODARA: A real estate group in Vadodara has been ordered by the State Consumer Disputes Redressal Commission to refund ₹28.42 lakh to Dr. Nilam Desai and Dr. Rasesh Desai due to the failure to deliver possession of a flat booked in their project. The complainants, represented by advocate Akhil Dave, reported that they booked a flat in the developer’s Vadodara project in 2012, with possession expected by April 2016, as stated in the agreement. They initially paid ₹6 lakh by cheque and the remaining ₹22.42 lakh through a private bank loan. As per the agreement, the loan disbursal was tied…