Tag: Rajkot

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 StoriesRegulatory

Rajkot Civic Body Surpasses 50% Property Tax Collection Goal

RAJKOT: On Saturday, the Rajkot Municipal Corporation (RMC) reached 50% of its annual property tax collection goal, tallying Rs 301.03 crore. Since the financial year commenced on April 9, 3.82 lakh citizens have settled their property taxes. The RMC collected a total of Rs 412 crore in property taxes during the entire 2024-25 financial year. To encourage timely payments, RMC has launched incentive schemes, offering a 10% rebate for male property owners and a 15% rebate for female property owners who pay by May 31. Additionally, online payers receive an extra 1% discount. In an effort to address past due…

Latest StoriesRegulatory

Rajkot: FIR Against Builder for Selling Encumbered Flats

RAJKOT: Hetal Tilala, a 40-year-old schoolteacher, has lodged a complaint with the Rajkot Taluka police against property developer Viren Sindhav, alleging fraud. Tilala purchased a flat in Shivay Apartments from Sindhav in 2018, allowing her brother-in-law Kishan to reside there. On May 26, 2020, Sindhav executed a registered sale deed for the flat, asserting it was free from any encumbrances. On May 12, 2025, Kishan informed Tilala that a legal notice addressed to her was issued by a law firm representing Mandavrayji Credit Co-operative Society Ltd. The notice stated that Sindhav had taken a ₹5 crore cash credit loan at…