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Credai Gujarat Submits Memorandums Against Proposed Jantri Rates
ECONOMY & POLICY

Credai Gujarat Submits Memorandums Against Proposed Jantri Rates

The Confederation of Real Estate Developers' Associations of India (Credai) Gujarat submitted a memorandum to the Ahmedabad district collector, Praveena DK, expressing opposition to the jantri rates proposed by the state government.

The real estate developers and farmers across the state argued that the proposed jantri rates were not based on a scientific approach and have been voicing their objections to the government's proposal. Credai’s district chapters also submitted representations to their respective district collectors and organized rallies in several districts to protest against the new jantri rates.

Dipak Patel, the president of Credai Gujarat, stated that the proposed jantri rates would negatively impact the real estate industry and farmers across the state. He mentioned that they were receiving numerous complaints from district chapters, such as those in Vadodara, Surat, Rajkot, Mehsana, Bhavnagar, and Banaskantha, which had held rallies to oppose the proposed rates.

In its representation, Credai pointed out that the draft jantri rates were even higher than market rates in some areas. They also highlighted discrepancies in the rates for two land parcels located next to each other but falling under different zones. Credai demanded that the state government provide a detailed, zone-wise map of the new jantri rates.

The state government had invited citizens to submit online objections to the draft jantri rates by December 20. However, following requests from developers and farmers' groups for an extended deadline and the option for offline submissions, the state government agreed to allow offline submissions and extended the deadline until January 20.

Patel emphasized that they were seeking an extension until March 31, 2025. He argued that the time allotted by the state government was insufficient, as stakeholders needed more time to properly understand the impact of the jantri rates and submit their objections. He mentioned that there were 40,000 value zones in the state, and many farmers needed adequate time to comprehend the implications before raising their concerns.

The Confederation of Real Estate Developers' Associations of India (Credai) Gujarat submitted a memorandum to the Ahmedabad district collector, Praveena DK, expressing opposition to the jantri rates proposed by the state government. The real estate developers and farmers across the state argued that the proposed jantri rates were not based on a scientific approach and have been voicing their objections to the government's proposal. Credai’s district chapters also submitted representations to their respective district collectors and organized rallies in several districts to protest against the new jantri rates. Dipak Patel, the president of Credai Gujarat, stated that the proposed jantri rates would negatively impact the real estate industry and farmers across the state. He mentioned that they were receiving numerous complaints from district chapters, such as those in Vadodara, Surat, Rajkot, Mehsana, Bhavnagar, and Banaskantha, which had held rallies to oppose the proposed rates. In its representation, Credai pointed out that the draft jantri rates were even higher than market rates in some areas. They also highlighted discrepancies in the rates for two land parcels located next to each other but falling under different zones. Credai demanded that the state government provide a detailed, zone-wise map of the new jantri rates. The state government had invited citizens to submit online objections to the draft jantri rates by December 20. However, following requests from developers and farmers' groups for an extended deadline and the option for offline submissions, the state government agreed to allow offline submissions and extended the deadline until January 20. Patel emphasized that they were seeking an extension until March 31, 2025. He argued that the time allotted by the state government was insufficient, as stakeholders needed more time to properly understand the impact of the jantri rates and submit their objections. He mentioned that there were 40,000 value zones in the state, and many farmers needed adequate time to comprehend the implications before raising their concerns.

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