Tag: Rajkot

Latest StoriesRegulatory

1,400 Illegal Properties to Be Demolished in Rajkot Drive

Representative AI image RAJKOT: A total of 1,489 illegal properties in Rajkot, Gujarat, are set to be demolished as civic authorities launched a major anti-encroachment campaign on Sunday, according to officials. Following instructions from Deputy Chief Minister Harsh Sanghavi, the Rajkot Municipal Corporation (RMC) initiated the demolition in the Jangleshwar area. The RMC, supported by police, will begin tearing down properties along the Aji River banks and on a municipal town planning road in Jangleshwar, as stated by Municipal Commissioner Tushar Sumera. The civic body commenced the process of vacating residents on Saturday, he added. Over 1,200 municipal officials and…

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Morbi: FIR Filed Against 8 Builders for Failing Amenities

RAJKOT: A 44-year-old man, Vinod Parmar, has filed a cheating complaint against eight builders and their associates at the Morbi taluka police station. He accuses them of defrauding homebuyers through false promises about basic amenities. Parmar has lodged the case under IPC Sections 420 (cheating) and 114 against individuals including Manish Kalariya, Chintan Gami, and others. According to the FIR, Parmar resides in Mansadham Society at Pipli village, which has 45 homes, while Mansadham 2, Gokuldham Society, and Trilokdham Society collectively include around 300 houses—all constructed by the accused builders. He purchased a house for ₹15.21 lakh on November 9,…

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…

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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…