Gujarat to implement administrative reforms in real estate sector

08 Oct 2021 CW Team

Gujarat Chief Minister Bhupendra Patel assured real estate developers that the state government is prepared to implement administrative reforms in the real estate sector, reducing confusion caused by administrative provisions or directives.

The statement was made to a group of real estate developers at the launch of the Confederation of Real Estate Developers Associations of India (CREDAI) Foundation, a permanent corporate social responsibility (CSR) initiative of CREDAI Ahmedabad-GIHED.

According to Patel, they want to put an end to the practice of projects being stalled due to multiple interpretations of a single provision.

He added that once a provision is made, it should only have one interpretation at a time.

The CM, on the other hand, was quick to point out that his government has never done anything wrong and will never do so.

According to the CREDAI national vice-president, the government should take steps to reduce the time to three months to speed up project execution.

The construction industry employs the most people, pays the most taxes to the state and the federal government, and generates the most wealth.

CREDAI Ahmedabad has established a long-term foundation for its CSR efforts. Tejas Joshi, president of CREDAI Ahmedabad-GIHED, an Ahmedabad city chapter of CREDAI, said the foundation aims to engage in CSR activities such as skill development for labourers, nutritious food, and education for construction workers' children.

It also plans to build a public garden on land owned by the Ahmedabad Municipal Corporation near the CREDAI Ahmedabad house in the city.

Image Source

Also read: Uttar Pradesh govt amends Integrated Township Policy-2014

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..