Gujarat govt aims to ramp up economic activity in real estate sector

29 Dec 2021 CW Team

While the Gujarat state government has urged the real estate sector to increase economic activity with investments, the sector registered its pending demands in representation to the government.

The significant one is a 50% reduction in stamp duty and registration fees, which denotes a sizable chunk of government income. Representatives of the Gujarat chapter of the Confederation of Real Estate Developers Association of India (CREDAI), and several other associations of realtors, met leading government functionaries recently with their demands.

CREDAI Gujarat president Ajay Patel told the media that real estate developers have run into several issues due to the Covid-19 pandemic. This industry creates a lot of employment and income for the government. They met the leading authorities of the revenue department and registered their grievances.

The government guaranteed them that their problems will be resolved before the Vibrant Gujarat Global Summit (VGGS). While the stamp duty cut and registration fees have been a long-standing demand of the industry, other problems put before the government were a drop in the premium cost for land-use conversion, sops for affordable housing, relaxations in NA restrictions being applied by urban development officials and the like.

Image Source

Also read: Credai-Rajasthan urges govt to lower stamp duty in the next budget

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..