Tag: GujRERA

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Homebuyers Can Access Builders’ Complaint History on RERA

AHMEDABAD: Homebuyers in Gujarat may soon find it easier to verify the credibility of real estate developers. The Gujarat Real Estate Regulatory Authority (GujRERA) plans to publicly showcase builders’ past project records and any pending complaints on its website. In a step towards boosting transparency and accountability in the real estate sector, GujRERA will link the track record of real estate firm promoters and their partners to every new project registration. The authority may also deny approvals for new projects in cases involving serious unresolved complaints. The new system will allow homebuyers to access information about a builder’s previous projects…

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Ahmedabad Homes to Rise 5-10% from July 1 Amid Cost Surge

AHMEDABAD: From July 1, homebuyers in Ahmedabad may face a price increase of 5-10% for under-construction properties. This decision comes in response to a rise in construction costs caused by supply disruptions linked to the West Asia conflict. This decision was made during a meeting of approximately 400 developers organized by Credai Ahmedabad on Monday. The gathering aimed to evaluate the effects of rising raw material prices as the June price stabilization commitment by Credai approaches its end. Rajesh Vaswani, chairman of Credai Ahmedabad, noted that construction material prices have surged dramatically since the onset of the conflict. “Some raw…

IndustryLatest Stories

Ahmedabad Developers Consider Price Hike on Homes Under Construction

AHMEDABAD: On June 15, real estate developers in Ahmedabad will convene to discuss potential price increases for under-construction properties due to rising construction costs caused by supply disruptions linked to the West Asia conflict. The Confederation of Real Estate Developers’ Associations of India (CREDAI), Ahmedabad, has organized this meeting. Developers are expected to discuss both the likelihood of a price hike and the magnitude of any changes. Industry insiders indicate that ready-to-move-in and completed projects will likely remain unaffected, while those initiated within the last six months might see increases in the range of 5% to 7%. As the deadline…

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Gujarat RERA Requests Timeline Extensions for Govt Projects

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has reached out to the Roads and Buildings (R&B) department to inquire if there have been any extensions granted for government civil projects due to the West Asia crisis. Real estate groups are urging GujRERA to approve a six-month extension for ongoing projects, pointing to significant increases in construction costs and uncertainties in supply chains. Sources indicate that GujRERA is examining existing practices within the state government’s contracting framework before making decisions on the developers’ requests. A source from GujRERA stated, “The central government has granted extensions of two to four months…

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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…

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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…

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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…

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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…

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Developers Receive Gujarat RERA Notices for Pre-Registration

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has commenced issuing notices to developers who are marketing their projects and taking bookings prior to obtaining RERA registration, which violates the RERA Act. Sources report that GujRERA plans to launch a significant campaign against this practice statewide. The authority has also introduced new marketing regulations that will take effect on June 15. According to a source, “The authority has issued warnings to several developers who began promoting their projects and accepting bookings without registering them with RERA. This measure is aimed at ensuring customer safety. In addition to responding to public…