Gujarat government to put redevelopment projects on fast track

Ahead of the three-day GIHED-CREDAI property show, there is strong likelihood that the State government might declare the final notification of rules for the Gujarat Redevelopment Act this week. The show begins on December 27. Approximately 5 lakh households in nearly 10,000 housing societies in Ahmedabad could benefit from the amended Act. Of these, around 3,000 societies are in western Ahmedabad. The draft rules of the Gujarat Ownership Flats (Amendment) Rules, 2019 (Redevelopment Act), were released by the state government in July this year. The government had invited objections and suggestions from public and various stakeholders for the same. After studying it, the urban development department has finally framed the rules. Now, they are likely to be published in the official gazette this week. According to developers, declaration of the rules will put redevelopment projects on fast track.