New Jantri Updates

New jantri: Builders continue stir

Ahmedabad: Already at loggerheads with Gujarat government over the new jantri rates, realtors in Gujarat will not register documents even after a committee comprising three ministers was formed to look into the issue.
Revenue minister Anandiben Patel, minister of state for industries Saurabh Patel and urban development minister Nitin Patel — have been assigned the responsibility to hear out the developers and find a solution to their problems.
Gujarat Institute of Housing and Estate Developers (Gihed) president Suresh Patel said that builders will stick to their original demand to withdraw new jantri which is government’s assessment of the value of real estate. “The new rates are illogical and not acceptable at all. The state-wide agitation will be continued as builders will not co-operate and refrain from registering document till May 5, 2011,” he said.
Jaxay Shah, president of Confederation of Real Estate Developers Associations of India, appreciated the government’s move to form the committee. “Members of the committee heard builders who discussed their problems caused by new jantri for around 90 minutes on Monday. They have also promised to continue the discussion on Thursday,” he said.

But govt may not budge

The state government has said that it is not going to make any change in the new jantri rates introduced on April 1. A senior government official told TOI after a meeting with builders on Monday that the builders had “nothing concrete to say, except threatening that they would boycott stamp duty registration based on new jantri rates. We won’t be cowed down by such threats. The boycott has already failed. Even on the day they threatened, as many as 2,352 registrations took place.”