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President Ram Nath Kovind gave his approval to the Gujarat Ownership Flats (Amendment) Bill that proposes redevelopment of old and dilapidated buildings. This bill was earlier passed by the Gujarat Assembly in its monsoon session last year as it gave nod to redevelop any society that has the consent of at least 75 percent of the residents for the same.

Prior to this, the societies required 100 percent consent of the residents to carry out the same work. After the issuance of notification, this rule will give a major boost to vertical development in multiple cities of Gujarat including Ahmedabad. Also, this act will offer huge relief to the old members of the societies as the redevelopment work is still pending due to the earlier law.

The real estate experts feel that Ahmedabad alone can record construction of approximately 2 lakh new dwellings in coming five to seven years.

The redevelopment process is likely to gain momentum in the areas such as Satellite, Naranpura, Navrangpura, Ambawadi, Paldi, Shahibaugh, Vastrapur and Maninagar besides Vatva and Bapunagar. All these areas are located on the eastern part of the city.

Recently, Alpesh Patel, a committee member of Swami Vivekananda Nagar Co-op Housing Society near Jodhpur crossroads filed a petition in the Gujarat High Court and sought intervention of the court in the redevelopment plan of the society.

He took this action after a couple of society residents raised objection of poor condition despite having the redevelopment plan.

Similar to this, the residents of other societies talked to the builders about the redevelopment plan but things didn’t work out.

Commenting on Gujarat government’s move, CREDAI Chairman Jaxay Shah said that the approval form the President will work as a boom for Gujarat as Ahmedabad alone will witness development of approximately 20 crore square feet of redevelopment in next five years.