CREDAI Gujarat Opposes Proposed Revision of Jantri Rates: Key Implications for Real Estate and Farmers. The Confederation of Real Estate Developers’ Associations of India (CREDAI) Gujarat has taken a strong stance against the proposed revision of Jantri rates, citing significant concerns over their impact on the real estate sector and the farming community throughout the state. CREDAI has expressed its opposition by submitting memorandums to district collectors, emphasizing the far-reaching consequences of these changes.
Key Concerns Raised by CREDAI
Impact on the Real Estate Industry and Farmers
The proposed Jantri rates are anticipated to disrupt the real estate ecosystem, resulting in increased costs for developers and landowners. Farmers, in particular, may face difficulties in selling or developing their land, further straining their livelihoods.
Overvaluation of Land
CREDAI has highlighted that the draft Jantri rates, in certain instances, exceed actual market rates, rendering them impractical and economically unviable. This overvaluation poses a serious challenge to both buyers and sellers.
Discrepancies in Zoning
The association has identified inconsistencies in the valuation of adjacent land parcels. These parcels, despite having similar characteristics, are classified into different zones, leading to confusion and inequity in land valuation.
Protests Across Gujarat
The proposed revisions have triggered widespread discontent across the state. CREDAI’s district chapters in Vadodara, Surat, Rajkot, Mehsana, Bhavnagar, and Banaskantha have organized rallies to voice their opposition. These protests reflect the grassroots frustration with the draft rates and their potential to negatively impact local economies.
CREDAI’s Representation to Authorities
In its representations, CREDAI Gujarat has called for:
- Rational, Zone-Wise Mapping: A comprehensive and fair mapping of Jantri rates to align with actual market conditions.
- Addressing Discrepancies: Eliminating inconsistencies in zoning to ensure equity and transparency.
- Balanced Approach: Adopting a pragmatic methodology for rate revisions that supports sustainable growth and addresses stakeholders’ concerns.
About CREDAI Gujarat
As a prominent industry body, CREDAI Gujarat serves as the collective voice for real estate developers across the state. The association is dedicated to fostering policies that promote transparency, affordability, and inclusive growth in the real estate sector. By addressing the challenges faced by developers, homebuyers, and other stakeholders, CREDAI aims to create a balanced and thriving real estate ecosystem.
A Stand for Stability and Equity
Through its proactive measures, CREDAI Gujarat is championing the cause of both the real estate industry and the farming community. By opposing the proposed Jantri rate revisions, the association seeks to safeguard the interests of all stakeholders, ensuring a stable and equitable environment for sustainable growth in Gujarat.
The association’s advocacy efforts underscore the importance of fair valuation practices and balanced policy-making, paving the way for a prosperous future for the state’s real estate sector and beyond.
