Nearly five lakh houses to benefit as Gujarat notifies redevelopment rules

Nearly five lakh houses to benefit as Gujarat notifies redevelopment rules
27/12/2019 , by , in News/Views

The final rules of the Redevelopment Act were notified on Thursday. With this, societies that had been waiting for redevelopment will be able to go ahead with their plans.

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 framed the rules which have now been published in the official gazette.

The declaration brings lot of cheer to developers in the city as it will put redevelopment projects on fast track. 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.

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