Tag: Jantri rates in Ahmedabad

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Ahmedabad’s 50% Discount on Leases Leads to ₹23 Crore Loss

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has reported a loss of Rs 23 crore due to the temporary leasing of plots at a 50% discount based on new jantri rates. The AMC leases reserved plots throughout the city to builders, traders, social organizations, and companies, applying new jantri rates for these plots. However, a 50% discount is factored into the total rent calculated. On Friday, the AMC’s estate department proposed to increase the temporary plot rent from 50% to 65% of the new rate, but this proposal was rejected by the standing committee. The state government announced on February 4,…

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,…