AHMEDABAD: Developers are seeing a downhill slide in the realty market in Ahmedabad as the urban development department has put on hold clearances to nearly Rs 24,000 crore worth of township, residential and commercial projects that were signed during Vibrant Gujarat summit in January 2013.
Officials say there are issues related to zoning in 68 villages that were brought under the ambit of Ahmedabad Urban Development Authority (AUDA) three years ago. There are also regulatory issues in the newly-earmarked zones in the recently-released decadal development plan for Ahmedabad. Developers are refusing to be quoted but have termed this as ‘policy paralysis’.
AUDA officials, however,0 insist that a large part of the 93 MoUs signed are yet to be initiated and hence it was appropriate to intervene and clear ‘conflict areas’ in AUDA areas.
“We have not been told officially as to why the urban development minister has asked us to stall all permissions,” says a senior AUDA official.
State urban development minister Anandi Patel told TOI, “We have not halted work of any ongoing projects of townships or hotels in the AUDA region. We are not clearing any building permission in the newly added 68 village areas where zone finalization is on.”
Patel added that the government is working on declaring some more areas as affordable housing zone. “The decision has been taken in the larger public interest,” claims Patel.