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

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

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

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

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?