Gujarat CM Pledges Quick Resolution to Developer Issues at GIHED Property Show

Credai Ahmedabad has opted to sell properties using the RERA area concept, advocating for charges related to FSI to align with RERA carpet area rather than the built-up area. Additionally, developers committed to upgrading 50 government schools to smart schools.

AHMEDABAD: Inaugurating the annual GIHED property show in Ahmedabad, Chief Minister Bhupendra Patel reassured developers that pending industry issues would be addressed promptly. Emphasizing the developers’ desire for expeditious government processes, Patel stated that there is nothing amiss in seeking efficiency.

Credai Ahmedabad has opted to sell properties using the RERA area concept, advocating for charges related to FSI to align with RERA carpet area rather than the built-up area. Additionally, developers committed to upgrading 50 government schools to smart schools.

Addressing the developers, CM Patel remarked, “India is witnessing rapid growth, and the Prime Minister has committed to development with legacy (vikas sathe virasat). Developers have embraced green building practices, renewables, and are aiming for net-zero. Resolving their issues and ensuring swift government processes is our priority.” He also highlighted the significance of the upcoming Ram temple inauguration as a “historical moment for all.”

Dhruv Patel, President of Credai Ahmedabad, explained, “We have decided to sell properties based on RERA area, covering carpet area, balcony, and wash yard, aligning with complete adherence to RERA rules. However, municipal corporations currently charge for FSI based on the built-up area. We advocate that the AMC should charge based on RERA area exclusively.”

Dhruv Patel further called for increased incentives for green buildings in Gujarat, citing a 5% rebate on FSI charges for green building development. He urged the state to enhance incentive rates for green buildings, aligning with Credai’s commitment to achieving a net-zero carbon footprint in real estate by 2050.

The three-day GIHED property show commenced on Friday, featuring 60 developers showcasing 400 projects across residential, commercial, industrial plotting, and plotting segments.

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