Tag: Vadodara

IndustryLatest Stories

Vadodara Civic Body Lacks Rental Records Before 1983

VADODARA: The Vadodara Municipal Corporation (VMC) is facing ongoing issues with the frequent disappearance of old documents related to the properties it has rented out across the city. The VMC is currently owed approximately Rs 12 crore from various rental agreements, including shops, cabins, handcarts, and temporary sheds. It keeps a register to track all properties that have been rented out. Unfortunately, it appears that many of the rent records maintained over the years are the only documentation available for numerous properties. In total, there are 2,737 such rental agreements on file. A VMC official noted that many of these…

IndustryLatest Stories

Arvind SmartSpaces Q3 FY26 Net Profit Drops 41.79%

NEW DELHI: Arvind SmartSpaces has experienced a significant decline of 41.79% in its net consolidated profit for the quarter ending December 31, 2025, with a profit after tax (PAT) of ₹29.21 crore compared to ₹50.18 crore in the same quarter last year, as noted in a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹170.50 crore, down by 20.87% from ₹215.47 crore reported in the equivalent quarter the previous year. The board of directors has approved the re-designation of Priyansh Kapoor, currently the whole-time director & CEO, as managing director & CEO of the company effective…

Latest StoriesRegulatory

Gujarat HC: Society NOCs Required Despite Civic Body Approval

AHMEDABAD: The Gujarat High Court has put a stop to the construction of a ten-storey building in Vadodara, ruling that it was built without the necessary No Objection Certificate (NOC) from the cooperative housing society and violated its bylaws, despite the approval granted by civic authorities. The controversy involves the 60-year-old Alka Co-operative Housing Society Ltd, where owners of four plots began construction in 2024 after receiving a development permit from the Vadodara Municipal Corporation (VMC). The society raised objections, asserting that the construction encroached on its road and breached bylaws that designated plots for residential use only. The society…

InfrastructureLatest Stories

Vadodara civic body receives ₹235 crore for urban projects

VADODARA: The Vadodara Municipal Corporation (VMC) has been awarded a grant of Rs 235 crore under the Swarnim Jayanti Mukhyamantri Shaheri Vikas Yojana, announced on Wednesday. The cheque was presented to VMC officials by Chief Minister Bhupendra Patel during a ceremony in Ahmedabad. This brings VMC’s total allocation under the scheme to Rs 455 crore. Previously, the civic body received Rs 130 crore, and with the latest release, the total amount now stands at Rs 365 crore. During the same event, cheques were distributed to various civic bodies across the state, totaling Rs 2,800 crore from the Urban Development Department.…

InfrastructureLatest Stories

Vadodara demolishes 350 homes near Dashama Pond in Gorwa

Representative AI image VADODARA: The Vadodara Municipal Corporation (VMC) has demolished 350 homes near Dashama pond in the Gorwa area upon request from the Gujarat Housing Board (GHB). The demolition commenced on Wednesday with the destruction of around 200 dwellings, while the rest were removed on Thursday by civic teams. According to sources, most of the demolished structures were shanties occupied by laborers. Residents were asked to vacate just before the demolition, and despite some initial resistance, they ultimately agreed to relocate. GHB plans to develop a housing scheme on the site and sought VMC’s help for clearing the land,…

IndustryLatest Stories

Vadodara: Chaos at Town Hall Over PMAY Draw Delay

VADODARA: A significant uproar occurred at the Sir Sayajirao Nagargruh town hall in Akota, Vadodara, on Wednesday as beneficiaries protested the delay in house draws under the Pradhan Mantri Awas Yojana (PMAY). The Vadodara Municipal Corporation (VMC) was set to conduct draws for 2,700 homes under various PMAY schemes. Beneficiaries had been notified of the draw scheduled for Wednesday. However, for unforeseen reasons, the civic body postponed the draws for one day. A senior VMC official stated, “We were cautious and sent two messages to each beneficiary regarding the postponement.” Despite this, numerous beneficiaries gathered at the town hall on…

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 StoriesResidential

Vadodara Civic Body Seeks Housing Societies’ Help for Cleanliness

VADODARA: Senior officials from the Vadodara Municipal Corporation (VMC) engaged with representatives from 100 housing societies on Tuesday, requesting their support to enhance the city’s cleanliness efforts. The VMC is intensifying its sanitation initiatives, with senior officials conducting reviews across various areas. They’ve directed staff to closely monitor sanitation practices and prevent littering. VMC commissioner, Arun Mahesh Babu, informed the media that the representatives from the societies were urged to maintain cleanliness around their premises. “Failure to uphold cleanliness could result in action against a society,” he noted, adding that societies are encouraged to compete in cleanliness standards. In the…

Latest StoriesResidential

Vadodara Waives Property Tax Interest Until March 31

VADODARA: The Vadodara Municipal Corporation (VMC) has introduced a rebate scheme to waive interest charges on overdue property tax payments, available until March 31 of next year. The civic authority aims to encourage long-term defaulters to settle outstanding dues through this initiative, following previous efforts to recover pending payments. As part of the scheme, full interest waivers will be provided for properties assessed under the previous rent-based system that was active until 2003, which was replaced by an area-based assessment on April 1, 2003. Residential properties under the area-based system will receive an 80% interest rebate, while non-residential property owners…

Latest StoriesResidential

Arvind SmartSpaces Teams Up for Vadodara Residential Project

NEW DELHI: Arvind SmartSpaces (ASL) has launched a joint development project in the Vadodara residential market on Ajwa Road. The project is expected to achieve a potential revenue exceeding ₹700 crore. According to Priyansh Kapoor, CEO and whole-time director of the company, “This initiative aligns with our strategy to expand into high-potential markets and solidify our footprint in the state. We aim to introduce new projects in Gujarat, Bengaluru, and MMR throughout the year.” Published On Oct 29, 2025 at 06:30 PM IST Join the community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights…