AMC reduces property tax rebate from 75% to 50% for GIDCs

03 Feb 2022 CW Team

The Ahmedabad Municipal Corporation (AMC) will now reduce the property tax of Vatva, Naroda, Odhav and Kathwada to 50% from 75% to Gujarat Industrial Development Corporation (GIDC).

The standing committee is yet to give final approval to the proposal. Earlier, the civic body proposed the standing committee revising the rebate rate from 75% to 50%.

Earlier, AMC used to retain 25% of the total property taxes paid and returned 75% of the collected taxes to GIDC estates to carry out development and maintenance activities, including roads, water and sewerage.

According to an official, AMC collects nearly Rs 25-30 crore property tax per annum from GIDC estates like Vatva, Naroda, Odhav and the new industrial estate of Kathwada.

The official said that the civic body introduced this proposal to promote industrial activity in GIDC estates. Currently, the civic body is under financial stress due to the loss of revenue during the Covid-19 lockdown and plans to reduce the incentive.

Former president of Vatva Industries Association, Ankit Patel, told the media that property tax is a significant cost component for industries.The reduction in property tax will increase the compliance costs of the individual industries. It will also affect the industry associations. The maintenance of common infrastructure is already a challenge with a 75% rebate. The proposal of reduction will also be a challenge for the associations.

Image Source

Also read: Ahmedabad Municipal Corporation demolishes 3 illegal constructions

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..