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  • 27 Mar, 2023
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REAL ESTATE MARKET OF GUJARAT

The number of property registers in 2022 approx 16 lac, its higher than 11% in last year.

Gujarat is the fastest growing state in India and it’s property price are expected to rise in the coming years because long term security, tax advantages, passive income, Great return, Ability to leverage funds and protection against malfunction.

Gujarat six cities including Ahmedabad, Rajkot, Surat, Vadodara, Gandhinagar & Dahod were selected under the National Smart City mission. Among the 377 projects planned for these six cities 209 was completed.

Seven new GIDC estates are proposed in Anand, Balasinor, Morbi, Bhavnagar, Dahej, Bharuch and Jamnagar.

Gujarat ‘s new IT/ITES policy 2022-27 seek to support data center project one time incentive of 25% -  INR 150 crore ceiling and power tariff subsidy for five years.

New commercial project registered in Gujarat, the investment worth INR 5000 crore have taken place in new commercial Real Estate projects across Gujarat in 2011-2022.

 Gujarat has completed 62% of it’s project in six cities. Having 40% spent money so far. With state government aiming to execute all project by 2023.