Ahmedabad Real Estate News

Preserving an optimistic attitude and consistently climbing up the success ladder- Vision of Priyanka Agarwal
Ahmedabad Mirror | 13 hours ago | |
Ahmedabad Mirror
13 hours ago | |

December 01: While the success stories of most self-made entrepreneurs are frequently portrayed, their setbacks and challenges are rarely discussed.When bringing up one of the most insightful and strong-willed women entrepreneurs in our nation, it is difficult not to acknowledge the journey of Priyanka Agarwal, whose story and brand’s growth have been phenomenal.With over 15 years of experience in Indian markets, specifically real estate, Priyanka Agarwal is the Founder and CEO of Pace Every Door- a sole-selling firm for real estate developers. She has also formed IAMSHE- a platform that empowers and assists individuals while also providing emotional support. It is extremely crucial for individuals to be self-sufficient, not only financially but also mentally, and Priyanka is precisely that entrepreneur.In conversation, she revealed, “For me, peace, hard work, sincerity, honesty, and trust are the most important factors in engaging with people.”In 2022, she lost her dear brother, which left a void in the family and at work; however, being the strong woman that she is, Priyanka states, “This episode taught me a lot of things and helped me grow as a person.”“Strength does not always imply feeling strong. It means you make an appearance anyway, which is exactly what I did,” says Priyanka. She continues to add, “Most things are beyond your control, but you can appreciate what is right in front of you. You can love and appreciate the people who are still present. You can live in the memory of those who have gone before you. Even in the midst of uncertainty and struggle, there are choices. You get to choose how you see the universe, what you put more emphasis on, and how you adapt.”Starting to work at the age of 16 and understand the importance of being self-sufficient and taking care of your own finances. Today, Priyanka Agarwal, who is a digital content creator and lifestyle blogger, also owns a successful business of her own. She not only runs successful businesses but also looks after her family, proving that nothing is more powerful than a determined and confident woman.”The day you choose to pursue your dreams is the day you will begin to see your dreams become a reality. All you have to do is believe in yourself and begin the journey.” Priyanka advises all aspiring entrepreneurs out there.Her passion for real estate, her passion for meeting new people, and her passion for social media engagement have turned her into an inspiring digital content creator, a blogger, and a head honcho woman entrepreneur, as she continues to build her businesses through hard work and determination.Scripting her success story, Priyanka Agarwal is constantly making progress and striving to set a positive example in her life.

Preserving an optimistic attitude and consistently climbing up the success ladder- Vision of Priyanka Agarwal
Celebrating and Recognizing Top Leaders Regards
Times of India | 3 days ago | |
Times of India
3 days ago | |

Leaders not only show direction but also guide and inspire many. Hence, it is vital for them to lead from the front, especially in the present times of colossal challenges and change. In honour of such individuals, Optimal Media Solutions (OMS) at the Times Group hosted yet another edition of ‘ET INSPIRING LEADERS – NORTH 2022’ The ‘ET Inspiring Leaders’ is a celebration of professional and entrepreneurial excellence across multiple categories. The event was graced Dr Chander Ketu, Director Ayush (NDMC) and very versatile and talented actress, known for her performance, also recently gave a superhit film Sita Ramam , Mrunal Thakur being the Chief Guest . The guests also experienced a Stand Up Comedy act by Rajat Chauhan. The ET Inspiring Leaders as a platform goes beyond the business excellence of these leaders. The ones who made the cut, have significantly contributed to the people they serve. They have showcased commitment, innovation, zeal, and compassion in servicing the community, leading them to excel. Research Methodology The survey had the following modules i.e., Desk Secondary Research, Approach for sharing fact file, and factual survey (Participatory Survey) to arrive at the analysis and identify the final results of top Global Leaders in different categories. The winning Individuals and Businesses were selected by using a scientific methodology for arriving at the final winners list This was conducted by an independent market research company- i3rc insights Pvt. Ltd. Here’s the list of all the recipients A. P. Shreethar - In the Field of Art & Culture. A.K. Mittal (MD) of Flowmech Engineers Pvt. Ltd. - In the field of Manufacturing Hydraulic Presses for Rubber & Automotive Industries Aakash Sirohi - CEO of New Hope Health Co. - Global Icon in Business Operations & Strategy ABHI BATRA -DIRECTOR & ANSH BATRA-DIRECTOR of Buniyad Group - In Real Estate Services Abhijit Roy - Founder & CEO of Aapna Infotheek Pvt. Ltd. - In Fintech Software Development AJAY KAKAR (Founder & Director ) of Salve Group Of Companies - As Beauty and Personal Care Brand Ajay Kapur - Founder - Shubham Chemicals and Solvents Limited - As Global Icon in chemical Imports Amit Saxena ( VP Education ) - Sparsh Group - In Education & Academic Excellence. Anshu Dhanuka - Co-Founder & CDO of Kiddopia - Women Entrepreneur in EdTech Anuj Mittal - Owner of Vision Fashion (Unikoton Men’s Trousers) - In Men’s Trousers Anusha Agarwal - Founder of House of Aynaa Pvt. Ltd. - In Lifestyle Arham Partap Jain - Founder & CEO of Trucknetic - As Emerging startup Ashish Bhutani, CEO of Bhutani Infra - In Real Estate Ashish Gupta - MD of Umang Art & Craft Expo - In Exhibition Bipin Dayal - MD of CData Software India Pvt. Ltd. - Global Icon in the field Information Technology Bistriti Poddar (Chief Communications Officer) of uKnowva - In Innovative and Distinguished Women Leadership Biswanath Patnaik - CEO of BNP Venture Capital Ltd. - Excellence in the field of Investment Banking Chandrashekhar Reddy Chedabavi - Global Icon in the field of Healthcare Technology & Innovation Deepak Sahni - Founder & CEO of Healthians - In the field of Healthcare Dhruv Galgotia (CEO) of Galgotias University - In Placement & Academic Excellence Dr. A. S Rana, Chairman, Dr. Rajesh Hassija - Managing Director of Indraprastha Group Of School - Global Leaders In Education Dr. Bipin Sule, CEO of Vishwakarma Group - Excellence in the field of Education Dr. Manjula Pooja Shroff - MD & CEO of Kalorex Group - Contribution as Visionary Leader in K-12 Education Dr. Parin Somani, Director of London Organisation of Skills Development (LOSD) - In Education Dr. Sanjay Gupta (Chairman) of Ramagya Group - In Education Dr. Satinder Kumar Gupta Chairman of VSPK international school - In Education Dr. Vivek Panchtatw-Acharya , Director of The Nidan - As Astro & Vastu expert GAUTAM BUDHIRAJA, Founder and Managing Director of N V Organics Pvt Ltd - In Marketing of Natural, Safe and Organic Cosmetics H. S. Singh (Founder) of Radius Synergies International Pvt. Ltd. - In Energy Sector Himanshu Chadha - Founder of Aaryanveda Cosmeceuticals - In Ayurvedic Cosmetics ITW Consulting Private Limited (Bhairav Shanth - Co-Founder) - Contribution as Strategic Marketing & Consulting Agency of The Year Jhansi Rani Vedachalam - MD of Jiore skincare - In the field of Skincare Jitendra Kejriwal - Founder of Sonear Group - As Innovation in Veneer Design Khadeer Peer Shariff S S - CEO of Gibraltar Technologies LLC - Excellence in the field of Information Technology Kunal Gupta - Director of Bal Bhawan International School - Global Academic Leadership Award- Education Meher Sheikh - CEO of Nikology - As Young Entrepreneur of the Year Nikhilesh Tiwari - CEO and Founder of Spay Technology Pvt. Ltd. - Excellence in the field of Fintech Paper Boat Apps Pvt. Ltd (Anupam Dhanuka - Co - Founder & Co-CEO) - Leading Startup in EdTech Prateek Garg, Founder & MD of Progressive Infotech Pvt. Ltd - Excellence in the field of IT Services Pulkit Baldev - Co-Founder of Metalbook - In Metal Manufacturing & Digital Supply Chain Raghava Rao Bellamkonda - Founder & MD of NSR Ventures - Excellence in the field of Real Estate ( Eco-Friendly & Sustainable Development ) Raghuram Lanka - Head of Jio Health - Excellence in the field of Innovative AI Solutions ( Healthcare ) Rahil Gupta, CTO & Co-Founder of Hop Electric - Excellence in the field of Climate Tech : Young Entrepreneur Rahul Chadha, Managing Partner of Chadha & Co.- In Legal Services to Foreign Companies Doing Business in India Rajesh Ranjan - CEO of Krishify - In Agritech Rakhi Mishra, Director of Rakhi Creations & Studios - As Startup in Organic Clothing Ranjan Kant - Co-Founder of Arthmate - In Fintech Ravi Shankar Rai (CMD & Chairman) of Savitri Telecom Services - As One of the Best Telecom Technology Solution Provider Rina Singh (Principal) of The Khaitan School, Noida - In Education Rishabh Guptaa - CEO of Richmondd Global school - As Global Leader- Education Ryan Pinto, CEO of Ryan International Group Of Institutions - Contribution as Inspiring EduLeader of the Year 2022 Sandeep Chatterjee - Director of Deloitte India - Contribution as Supply Chain Professional Sandeep Kumar Verma ( Managing Director) of Rifof Construction Pvt. Ltd. - In Construction of Quality Residential Projects Sanjay Kumar Labh - Sr. Executive Vice President - Delhi/NCR of Prestige Group - Global Icon in the field of Real Estate & Construction Sanjeev Agarwal - Founder & CEO of Alpha Quantum Group - For his Excellence in the Field of Finance Sanjeev Jain & Sandeep Jain of Akums Drugs & Pharmaceuticals Ltd. - In Pharmaceutical & Healthcare Sector Sia Sainani - MD of Modus Techno Pvt. Ltd. - Women Entrepreneur - Interior Designing ( Construction - Fit Out ) Sudip Saha - MD & Co-founder of Future Market Insights - Global Icon in the field of Business Consulting Suman Bhandari and Mr. Mohit Gogia - Directors of MGSB Traexim Pvt. Ltd.- In the field of Finance & Auction Sumit Bhat- Co-Founder & CEO & Vikas Shukla - Co-Founder & CTO of Coding Jr. - In EdTech & AI Truke - Pankaj Upadhyay Founder and CEO of Truke and Ajay Choudhary Co-Founder and Vice President, Truke - In Consumer Durables - Digital Udit Karan Chandok CEO & Co Founder & Akash Narain Mittal COO & Co Founder of Wcube - B2B Marketplace Sahen Ahuja - CMO of Metaverse Blockchain Solutions Pvt. Ltd. - In Fintech Web 3.0 Vikram R Singh- Founder & CEO of Antier Solutions - In Fintech - Blockchain Development Vishal Raheja- MD of Investoxpert.com - As Emerging Prop Tech Brand of the year Vishal Rustagi- Founder & CEO of Metaorange Digital Pvt. Ltd. - In Software Development Yash Prakash (Founder) of AcadAlly - In Improving Student Performance and Student Engagement. Yukti Nagpal, Director of Gulshan Group - In Real Estate Luxury Project Disclaimer: Content Produced by OMS

Celebrating and Recognizing Top Leaders Regards
Pune records highest increase in real estate prices
The Indian Express | 5 days ago | |
The Indian Express
5 days ago | |

Pune has recorded the highest increase in real estate prices between the months of July and September, says a report by real estate consultancy firm PropTiger. At 7 per cent, this was the highest such growth noted among the seven cities viz Delhi- NCR, Mumbai, Ahmedabad, Chennai, Hyderabad, Kolkata and Bengaluru. The price increase, the report said, was mainly due to the increase in raw material prices like steel, cement etc.As per the report, prices in Pune in the given time had increased from Rs 5,100-5,300/sq ft recorded last calendar year to the present Rs 5,500-5,700/sq ft.Vikas Wadhawan, Group CFO, said, “We are witnessing a modest price increase in the primary housing market. This is mainly because of the sharp rise in prices of key raw materials like cement and steel. Apart from a rising input cost, a strong revival in demand after the second wave of the Covid pandemic has put upward pressure on prices.”Similarly, property prices in Ahmedabad rose from 5 per cent to Rs 3,600-3,800/sqft from Rs 3,400­-3,600/sqft. Property prices in Hyderabad rose by 4 per cent from Rs 6,100-6,300/sqft from Rs 5,900-6,100/sqft, while housing prices in Chennai saw a marginal increase of 2 per cent to Rs 5,500-5,700/sqft from Rs 5,400-5,600/sqft.In Bengaluru, the residential properties appreciated by 6 per cent to Rs 5,900-6,100 from Rs 5,500-5,700 per square feet. Delhi-NCR saw a 5 per cent rise in prices to Rs 4,700-4,900 from Rs 4,400-4,600 per square feet.Housing prices in Kolkata went up by 3 per cent to Rs 4,400-4,600 per square feet from Rs 4,300-4,500 per square feet.Mumbai saw a 3 per cent increase in prices to Rs 9,900-10,100 per square feet from Rs 9,700-9,900 per square feet.The real estate prices have been more or less constant over the past two years. The pandemic and the lockdown have dealt a heavy blow to the sector, with sales dipping during the pandemic year. However, pent up demand had seen the real estate sector rebound with a vengeance with all cities reporting brisk sales. Prices have not seen much rise but the almost doubling of steel and cement prices have cut in the profit of the realtors. However, over this year the realtors have been passing on portions of this to the consumer. Most of the realtors have talked about further rise in the days to come.

Pune records highest increase in real estate prices
Meher Sheikh Wins Young Entrepreneur Of The Year Award
Ahmedabad Mirror | 1 week ago | |
Ahmedabad Mirror
1 week ago | |

New Delhi (India), November 22: Media entrepreneur Meher Sheikh who is the Founder & CEO of Nikology a Youtube Channel with a subscriber base of 02 Million was awarded ‘Young Entrepreneur of the Year’. Nikology is an initiative of Papr Network that runs its operations from Noida Film city in Uttar Pradesh. When contacted her to applaud her recent achievement the dynamic entrepreneur said the following, “I am elated with this recognition & I would like to thank my family & team for believing in me & my vision. I was thrilled to see so many women entrepreneurs getting recognized along with me, hence proving the point that women can multitasks & are unstoppable. I would also like to thank my subscribers & followers that have shown loyalty in me & love what I create”.She further added, “It pains my heart to read the tweets and posts of so many employees who were laid off by the tech giants around the world, and I am planning to build something which will help generate opportunities for many such talented people who can join us to build a platform for the masses which we can motivate millions of youngsters and we will be proud of that. We, at nikology, have built a community of rational thinkers and aim to inspire people to reach the best of their potential”.ET Inspiring Leaders awards 2022 is an initiative by Times Group is a flagship initiative that aims to identify and recognize the excellence of leaders in their respective fields. These business leaders are icons, inspirations, and game changers who have scaled new heights and transformed not only India but also the world.It was a celebration of excellence in a variety of fields including IT, Automobiles, Consumer Durables, Retail, Real Estate, Education, Healthcare, E-commerce, FMCG, Design, Talent, Entertainment, Fashion, Hospitality, and Service Industry, among others.

Meher Sheikh Wins Young Entrepreneur Of The Year Award
NOCs must to regularize construction in Gujarat
Times of India | 1 week ago | |
Times of India
1 week ago | |

AHMEDABAD: While the urban development officials have started accepting applications for regularization of illegal structures under the new impact fee rule, it comes with a rider. The state urban development department has clarified that applications without no-objection certificates from Real Estate Regulatory Authority (RERA), Ahmedabad Fire and Emergency Services (AFES) and health department will be rejected. The state government had announced the new impact fee policy on October 17. Sources said that in the rules laid out, the state government has stressed on provisions prescribed in Fire Prevention and Life Safety Regulations 2016, Clinical Establishments (Registration and Regulation) Act, 2010 and the Real Estate (Regulation and Development) Act, 2016. Sources in Ahmedabad Municipal Corporation (AMC) said that residential buildings (taller than 15 meters) and all commercial buildings will have to take NOCs from RERA, AFES and the health department. This, to ensure that the buildings applying for regularization have fire exits, have installed fire equipment and there is enough space for the fire tenders to operate. However, regarding the NOC from the health department, there is no clarity as to which health department will issue it. While the AMC has its own health department, the areas falling under urban development authorities such as Ahmedabad Urban Development Authority or Gandhinagar Urban Development Authority don't have health departments; here health-related matters are taken care of by the panchayats. An AMC official who did not wish to be named said that the state government has started accepting applications for regularization of illegal structures, but the scrutiny is pending due to ambiguities. Any clarity will emerge only after the assembly poll, he said. He said that the RERA and health department officials have been asked to ensure that there are no pending RERA related issues and that the hospitals and clinics have fully adhered to the Clinical Establishments Act.

NOCs must to regularize construction in Gujarat
Election effect: Real estate cash deals fall by 90%
Ahmedabad Mirror | 2 weeks ago | |
Ahmedabad Mirror
2 weeks ago | |

With the Gujarat Assembly elections barely two weeks away, and the model code of conduct (MCC) in place, about 90% cash transactions in the real estate sector have been put on hold. Real estate sector, despite claims of transparency post introduction of RERA, involves huge cash transactions.Real estate sector experts said inquiries are lining up but deals have been put on hold, particularly the ones involving large cash, until elections get over. Realtors said developers and buyers are avoiding taking the risk of moving cash around the city because of stringent checking by police.Around 150-odd police teams and checkpoints have been set up in the city to check vehicles day and night.A developer said, “Since it was evident that during elections the cash movement will be restricted, we tried to close as many deals as possible before Diwali. And now, seeing the vigilance in the city both developers and buyers are wary of moving around cash.”Lalit Advani, a real estate consultant, said, “People are avoiding to close almost-final real estate deals because of the logistics challenge they are facing during the Model Code of Conduct period in Gujarat.”Ashil Patel, Founder of Savannah realty LLP, said, “We have observed a reduction of 50% in deals, primarily because of elections.”Property sale slowdown normal during pollsSanthosh Kumar, vice chairman of ANAROCK Group, a national real estate firm, said, “Slowdowns in property transactions can happen for various reasons, including uncertainty about the outcome of elections, and can impact decisions involving large financial commitments. Broadly speaking, such periods of hesitancy are quite normal and expected.”

Election effect: Real estate cash deals fall by 90%
Groom uses wedding card to support AAP
Ahmedabad Mirror | 2 weeks ago | |
Ahmedabad Mirror
2 weeks ago | |

You have heard about couples who use their wedding ceremony as a way to support a cause. Well, this wedding is no different albeit it is for a political cause.Prabhat Humbal, 34, has used his wedding and the invitation card as an opportunity to propagate the cause of the Aam Aadmi Party (AAP) in Rajkot. Humbal is the President of AAP’s Youth Wing in Rajkot and will get married on December 9.The groom-to-be who is a real estate businessman said as a founder member of AAP Rajkot he wanted to tell the invitees about his political leanings and why they should support the party. Humbal’s wedding card and the cover have AAP’s party symbol and a statement that his family will be voting for the AAP. He said the invitation cards will be hand-delivered to 35 to 40 villages by his family. They will use the opportunity to urge the invitees to vote for the party.The Humbal family also put up the invitation card on social media and got a tremendous response. AAP leaders have tweeted images of the card and personally called Prabhat to congratulate him. He has also got a positive response from random people who saw the card on social media. Hambal is hopeful that given the tremendous response to the card even though the actual invitations are yet to go out, he will be able to convince a sizable number of people to vote for AAP.He has already received over 500 calls and messages in response to the wedding card that went viral. Humbal’s in-laws have also appreciated the effort and plan to urge their invitees to vote for the AAP when they deliver their invitation cards.

Groom uses wedding card to support AAP
‘Inspiring better living with neo luxury lifestyle’: Motto of Mr. Manan Shah, MD - MICL Group
Ahmedabad Mirror | 3 weeks ago | |
Ahmedabad Mirror
3 weeks ago | |

India, 8th November 2022:Manan Shah, Managing Director of the MICL Group, is a pioneering name in the construction and realty space. Mr Shah, the third-generation entrepreneur, joined the company in 2013, playing a pivotal role in the growth of the company. His leadership has led the company to gain robust scale with turnover crossing Rs. 1,100 crores as of Mar-22 and achieve successful diversification into the real estate business which now contributes over 60% of total revenue. A few of the major milestones include building residential apartments in Mumbai (MMR) region under the ‘Aaradhya’ brand name which stands for holistic & luxury living; delivering 12 projects with 1.3 mn. sq. ft. of carpet area all before time, achieving cumulative sales of over Rs. 5,400 crores, building a real estate project portfolio of over 3.4 mn sq. ft. and several other new projects of over 1.7 mn. sq. ft. on the anvil, testify to his entrepreneurial vision.The company’s real estate projects are designed to benchmark global standards while also being tailored to suit the needs of customer dwelling in crowded Indian cities such as Mumbai. To maximise the living space in the apartments throughout the projects, lifestyle amenities and common areas have been harmoniously designed for enhanced living and to account for the extra square footage.His innovation imbues the projects with a fine mix of luxury and functionality, catering to the needs of today’s clientele: creating fine living spaces while tackling space constraints, pet-friendliness, senior citizens and dedicated areas for children. The world-class facilities contribute to MICL’s goal to promote not just premium projects but an elevated modern lifestyle.One key feature of Manan’s insight is the incorporation of technology into the projects. The Group constantly updates its quality control systems, ensures timely delivery of the projects through STEN and MIVAN formworks systems and incorporates green solutions in its projects. The project – ‘Aaradhya One’ is built on sustainable lines which include the installation of solar panels and the use of the Net Metering technology, which have decreased the carbon footprint and significantly reduced annual energy consumption costs. Further, Shah’s foresight has geared the projects from the very beginning towards environmentally conscious steps such as the use of low-emission paints, economical yet effective resource allocation, optimisation of the light source and ventilation in the apartments through French windows and many others.In addition to the luxury living in the Aaradhya series and the sustainable approach of the project, the housing complex also boasts Vastu-compliant features, expansive spaces and seamless incorporation of gardens into the design of the project. Notable projects under Manan Shah’s guidance such as Aaradhya Highpark has observed 93% of houses being booked.Manan has a keen eye for beauty and elegance. He draws inspiration from the best of luxury products and seeks to incorporate that aesthetic sense in his projects. Inspired by his travels and passion for exquisite exclusivity, his leadership brings a sense of grandeur to the living spaces. The detailed, bespoke touch that Manan and his in-house design team try to bring to each corner of the projects, reflects the core philosophy of the MICL Group: Live Better. The philosophy is the guiding hand behind the execution of the projects, transforming the efforts from run-of-the-mill real-estate development endeavours to creating homes.The company is also expanding its footprint in Florida, USA, both in luxury branded residences and commercial space by partnering through local developers and associating with global brands such as ‘Marriott International’. A few of the worthy projects include the development of the Waterfront luxury condominiums as well as the building of sustainable and affordable co-living and co-working spaces under the URBIN brand.Mr Shah’s proven track record of excellence has won him the ‘Maharashtra Bal Stambh’ award in 2022 awarded by the Governor of Maharashtra, and the ‘Iconic Young Achiever’ (2021) by the Times of India. In the last decade, under Manan Shah’s leadership, MICL Group, having established the real estate business in Maharashtra, the next decade is envisioned to grow and establish presence beyond boundaries, creating several milestones.­

‘Inspiring better living with neo luxury lifestyle’: Motto of Mr. Manan Shah, MD - MICL Group
After Maher Homes-1 incident AUDA makes diaphragm walls must in upcoming projects
Ahmedabad Mirror | 3 weeks ago | |
Ahmedabad Mirror
3 weeks ago | |

After the cave-in incident at Maher Homes-1 Apartment scheme in Shela area on July 10 this year, following heavy rains that damaged residents’ movable properties, Ahmedabad Urban Development Authority (AUDA) has made diaphragm walls compulsory for the upcoming projects. Diaphragm walls lend strength and integrity to the periphery of the construction area.AUDA’s recent circular states that all the upcoming real estate projects in its jurisdiction, having more than two basements, will be required to build diaphragm walls at the end of the margin area of the final plot.A source said, “The developer will have to commit in writing at the time of acquiring the development permission for the real estate project. The rule has been implemented to ensure accidents like Maher Homes-1 do not repeat in future.”An AUDA official said for the projects having only one basement, the requirement will be decided on a case-to-case basis.Areas like Shela, Godhavi, Sanand and other areas around SP Ring Road fall in AUDA jurisdiction.After the implementation of the new rule a couple of months ago, AUDA has already cleared three to four realty projects. It is to be noted that following the Maher Homes-1 incident AUDA had carried out a detailed survey of hundreds of under-construction projects and suggested a few corrections to some of them.Currently, as per the Comprehensive General Development Control Regulations (CGDCR), diaphragm walls are not necessary in the margin area of the final plot of the realty project. Developers misuse this loophole and only cover the basement walls of the building. Therefore, AUDA brought this rule and it is also going to propose to be included in the CGDCR as a rule, in order to make it compulsory for the entire state for the benefit of residents.AUDA CEO Devang Desai said, “Following the Maher Homes-1 incident and based on our survey we came out with this circular, considering the safety of the residents. It will make the buildings’ base stronger. It will reduce chances of similar incidents in future. We will also propose the same rule to be included in CGDCR too for the entire state.”Meanwhile, it is learnt that AUDA’s work may be affected for next month or so as its senior officials have been given election duty.

After Maher Homes-1 incident AUDA makes diaphragm walls must in upcoming projects
Decades-old closed textile units in Ahmedabad look to unlock land value
Times of India | 4 weeks ago | |
Times of India
4 weeks ago | |

AHMEDABAD: Textile units which have been closed for a long time due to pollution issues are looking to develop or sell off their land. Decades-old units have been closed for months, and promoters are evaluating their options whether to set up zero liquid discharge systems or cash in on the land value and move units. Diamond Textile Mills set up their Nikol unit 40 years ago, spread over 20,000 square yards, with a processing capacity of 1.25 lakh metres per day. The promoters also have a presence in the real estate sector since 1960 and plan to use the Nikol plot for a new real estate project. Dhruv Patel, MD of Diamond Textile Mills, said, "Our Nikol unit has been closed for many months and we now plan to develop a real estate project on this land. We will develop about 9 lakh square feet of commercial and residential space with a total investment of around Rs 400 crore, including the land cost. There will be phase-wise development on this land parcel." Diamond Textile Mills has other units, at Changodar and Bavla, and plans to set up a processing unit in Piplaj on a 40,000 square yard plot. "We had bought this land for expansion and will use it for our processing activities," said Patel. Sources say all these closed units were set up decades ago and their land value has increased manyfold, so many are evaluating the option of unlocking their land value and shifting units away from the city. Similarly, Shree Prakash Textiles is also planning to develop a real estate project at its Rakhial unit and to sell its plot. Swapnil Patel, director of the company, said, "Two of our textile processing units, at Naroda and Rakhial, have been closed for many months. They have a combined capacity of 1 lakh metres per day. We are setting up a zero liquid discharge system (ZLD) in our Naroda unit and are considering a real estate project at the Rakhial plant, which is spread over 10,000 square yards. We may also sell this plot." According to sources, other big textiles players are also either setting up ZLD systems or looking to sell their land to developers. Some are believed to have entered joint venture discussions for real estate projects.

Decades-old closed textile units in Ahmedabad look to unlock land value
  • Ahmedaba: Closed textile units look to unlock land value
  • Times of India

    AHMEDABAd: Textile units which have been closed for a long time due to pollution issues are looking to develop or sell off their land. Decades-old units have been closed for months, and promoters are evaluating their options whether to set up zero liquid discharge systems or cash in on the land value and move units. Diamond Textile Mills set up their Nikol unit 40 years ago, spread over 20,000 square yards, with a processing capacity of 1.25 lakh metres per day. The promoters also have a presence in the real estate sector since 1960 and plan to use the Nikol plot for a new real estate project. Dhruv Patel, MD of Diamond Textile Mills, said, "Our Nikol unit has been closed for many months and we now plan to develop a real estate project on this land. We will develop about 9 lakh square feet of commercial and residential space with a total investment of around Rs 400 crore, including the land cost. There will be phase-wise development on this land parcel." Diamond Textile Mills has other units, at Changodar and Bavla, and plans to set up a processing unit in Piplaj on a 40,000 square yard plot. "We had bought this land for expansion and will use it for our processing activities," said Patel. Sources say all these closed units were set up decades ago and their land value has increased manyfold, so many are evaluating the option of unlocking their land value and shifting units away from the city. Similarly, Shree Prakash Textiles is also planning to develop a real estate project at its Rakhial unit and to sell its plot. Swapnil Patel, director of the company, said, "Two of our textile processing units, at Naroda and Rakhial, have been closed for many months. They have a combined capacity of 1 lakh metres per day. We are setting up a zero liquid discharge system (ZLD) in our Naroda unit and are considering a real estate project at the Rakhial plant, which is spread over 10,000 square yards. We may also sell this plot." According to sources, other big textiles players are also either setting up ZLD systems or looking to sell their land to developers. Some are believed to have entered joint venture discussions for real estate projects.

After ‘malltiple’ failures, Guj looks to score big
Times of India | 1 month ago | |
Times of India
1 month ago | |

Despite having a prosperous business community and professionals with disposable incomes, malls in Gujarat have so far not matched the success achieved by the state in other fields. With renewed interest shown by top national and global players, the focus has once again shifted to the mall business. TOI’s Parag Dave captures the trend.Touted as the land of entrepreneurs, Gujarat is still home to centuries-old mahajans. The state, however, is termed as the retail graveyard, with many malls in major cities here failing to take off as expected and many others simply compelled to shut down. The most recent case in point is the Ahmedabad Central Mall which shut shop about three months ago in a thriving market of Ahmedabad. In stark contrast, the announcement of Dubai-based Lulu Group investing in the city earlier this month to establish the biggest mall in the country here has turned the tables. With renewed interest from key national and global players, the prospects of malls as wise business propositions in Gujarat are being reevaluated and dis- cussions around it are abuzz in core real estate circles. R e t a i l has generally been doing well in major cities of Gujarat. Yet not all has been hunky-dory with retail outlets in malls across the major cities of Ahmedabad, Vadodara, Surat, and Rajkot. In the past decade and a half, Gujarat has seen at least 30 new malls in key cities. However, not all have succeeded. A report by real estate consultancy firm, Knight Frank India, states that Ahmedabad, which is home to at least 10 malls, saw a higher vacancy in mall spaces against the top eight markets here. Industry players suggest that the situation across Gujarat is no different. “Lack of appeal of malls as experience centres has been a key reason for a higher degree of vacancy in malls. In several cases, malls of smaller size — typically those under 5 lakh square feet — have failed to attract customer footfall. This is because a s m a l l e r space limits a mall’s ability to provide the right tenant mix, anchor stores and mall management str ucture,” said Vivek Rathi, director, r e s e a r c h , Knight Frank India. Potential to thrive in Gujarat With a migrant population comprising young professionals and executives with higher disposable incomes making inroads into key cities of Gujarat, malls bringing the right brand mix and offerings to consumers do have the potential to thrive here. “The younger generation enjoys mall culture. Key cities in Gujarat have seen a thriving IT sector and rapid industrialization. This has given rise to cosmopolitan crowds that are well-informed and have evolved choices. Therefore, people’s appetite for new brands is only growing and so is the potential for setting up malls here,” said Dhruv Patel, vice-president of CREDAI Ahmedabad. Therefore, high-street markets continue to do well. This underlines the fact that retail can thrive and so can malls. However, amid the growing echoes of e-commerce businesses and sub-optimal brand mix, malls have failed to woo customers. Putting this in perspective, Anand Adukiya, a brand consultant, said, “Gujarat has remained a strong market with growing penetration of national and international retail brands. High-street retail has yielded far higher revenues as compared to malls. With changing customer behaviour, malls need to change their approach too. Developers need to focus on taking malls to the people, use a customer-centric approach in different areas and offer them the right mix of brands and entertainment.” Balancing retail and entertainmentReal estate consultants as well as retailers have highly emphasised on drastically changing the approach of mall management. Industry experts opine the right balance between retail and entertainment is a must for malls to retain and engage customers. “Today’s consumers are evolving and are well-informed with a multitude of brand choices available both online and offline. Therefore, understanding the changing needs of customers and offering them the right brand mix is of utmost importance. This is a continuous process which needs to evolve with time,” said Kumar Rajagopalan, CEO, Retailers’ Association of India (RAI). “At the same time, malls need to not just attract but also engage and retain customers. Appropriate choices of food and beverages, in addition to entertainment hubs, are equally important at a mall,” he added. Echoing a similar view, Jateen Gupta, managing director, JP Iscon Group, which operates malls in Gujarat, said, “Malls having dedicated food courts and multiplexes have performed well. Most of the successful malls in the city are operated by organized national players. They have adopted the lease model and collaborated with leading national and international brands.” “This way, they manage to fill instore vacancies easily. In many cases, having a good anchor store plays a key role because it attracts footfall. Here, developers had sold showrooms to investors so they couldn’t manage the mall properly,” he added. Industry players also emphasize on understanding the importance of operating a mall in the right way. “A real estate mindset does not work here. One cannot lease out or rent out a space and forget about it. The business starts after building a mall. Retail has become an omnichannel process and malls have the capability to redefine it,” Rajagopalan further added. (With input from Niyati Parikh)

After ‘malltiple’ failures, Guj looks to score big
Savvy Amdavadi Jaxay is new Chairman of QCI
Ahmedabad Mirror | 1 month ago | |
Ahmedabad Mirror
1 month ago | |

A hmedabad-based real estate developer, Jaxay Shah has become the fi rst Gujarati to be appointed the Chairman of the Quality Council of India (QCI), a non-profit organisation. Shah was appointed as chairman of the autonomous body for three years by Prime Minister Narendra Modi. Shah, MD of Savvy Group, has also been the president and chairman of CREDAI National and Chairman of Associated Chambers of Commerce and Industry (ASSOCHAM) of India, Western Council. During his tenure in Credai, Shah helped in the establishment of the Real Estate Regulatory Authority (RERA) and in the development of lakhs of affordable housing projects across the country. Shah told Mirror that he was grateful for the support and trust placed in him by the Prime Minister and other team members. “Together we will drive the quality revolution to achieve the PM’s vision of India as a developed country by 2047 with a $30 trillion economy,” said Shah. H e s a i d t o achieve this, the country will need to quickly move from Make-in-India to Made-in-India by producing quality products that can compete with countries like Japan and Germany. “Quality should be in the DNA of every Indian to achieve international standards,” said Shah. He also plans to mentor and guide to-be young entrepreneurs at an early stage in their careers to help them produce quality products. Stalwarts like Ratan Tata, Amitabh Kant, Venu Srinivasan and Arun Maira among others have held the post that Shah now holds. Under Shah’s leadership, QCI plans to cover more cities for workshops to help understand QCI and its i m p o r t a n c e . Shah and his team will collectively decide on the future road map for QCI programmes.What is QCI and how it works:​​​​​​​QCI is governed by 38 council members including the chairperson and secretary general with equal representation from the government, industry and other stakeholders. The council comprises of Chairperson (nominated by the PM of India), Secretary of the Department of Industrial Policy and Promotion (DPIIT) along with offi cials from multiple government departments like commerce, science and technology, telecommunication, health and family welfare, Director General of Quality Assurance, Bureau of Indian Standards, Council of Scientifi c & Industrial Research among others. Head of organisations like the Confederation of Indian Industry (CII), Federation of Indian Chamber of Commerce and Industry, ASSOCHAM, Indian Merchants’ Chambers, Federation of Indian Exporters Organisation, Indian Industries Associations, as well as chairperson of NABCB, NABET, NABH, NBQP and NABL among many others, are part of the council.

Savvy Amdavadi Jaxay is new Chairman of QCI
The Real-Estate Innovations - Sharhabeel Parambil, (Managing director, Continental Towers and Billets Pvt. Ltd.)
Ahmedabad Mirror | 1 month ago | |
Ahmedabad Mirror
1 month ago | |

October 7: Continental Towers and Billets Pvt. Ltd. (Continental Projects) introduced their first residential housing colony project concept named ‘Kerala’s 1st Breathing Villas’ with 18 residential House on Feb 2016 has showcased a mind-blowing sales closing tactic from the launch date, as a fresher in the real estate industry, they have just taken only 14 months to close the entire project sales which was a breathtaking accomplishment in Kerala real-estate market during the covid times. Now they are working to introduce a new revolutionary project concept called “Cyber Cottages (Residential Project)” with first-in-class tech & structural features in Moozhikkal (Muzhikkal), Calicut (Kozhikode) on November 2nd 2022. They also initiated Kerala’s 1st Investment plans with insurance security which was a breathtaking idea. This plan can completely provide 100% investment security for their investors under the rules. This scheme is completely handled by their sister company called, Team Continental Incubations LLP.Mr. Sharhabeel Parambil, Managing Director of the Company, is the man behind all these innovative ideas and has also attained numerous awards from various organizations and associations for his creative thinking and implementations. Recently He received TOBIP Business Excellence Award from Junior Chamber International (JCi) Calicut region on September 24th 2022, detained at Malabar Palace from (Past JCI VP) JCI PPP Ram Kumar Menon, (Zone President) JCI PPP Rakesh Menon, (Zone Vice President) JCI PPP Kushal Agarwal, (President) JFM Joshy Joseph, (Secretary) JFM Sandhya Varma etc.

The Real-Estate Innovations - Sharhabeel Parambil, (Managing director, Continental Towers and Billets Pvt. Ltd.)
Gujarat: RERA orders civil custody of four for disobeying orders
Times of India | 1 month ago | |
Times of India
1 month ago | |

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has ordered that four persons of a construction group, Pacifica Developers, be taken into civil custody, after they did not obey an order to give a flat to a buyer, Rachana Sharma, who was living in Muscat in 2012. Not only did the builder not give the flat to the purchaser, he sold it to a third party despite a RERA's order. This led the authority to take action against the builder and three of his associates for disobedience of an order and for misguiding the authority. RERA ahmedabad ordered Rakesh Israni, MD of Pacifica Developers Pvt Ltd and his three associates - Darpan Tarwani, Kaushik Patel and Jay Chandani - to be detained in the civil prison at the GujRERA headquarters in Gandhinagar for a period of 30 days for wilful disobedience of specific directions given by the RERA ahmedabad authority in 2019. The complainant's lawyer, Nipun Sanghvi, and chartered accountant Mahadev Birla said, "Pacifica Developers Pvt Ltd had launched a residential project known as 'Reflections' at Khoraj in Gandhinagar. A flat was booked by Rachana Sharma in November 2012 and the sale price was fixed at Rs 56.67 lakh and Rs 9.82 lakh was to be paid for charges to agencies such as AUDA, AEC, UGVCL, for parking, stamp duty, maintenance etc. The agreement for sale was executed in July 2014. The buyer had paid Rs 15.24 lakh in cash (not proved) and Rs 41.43 lakh through bank and the possession of the flat was to be handed over by October 2015 but she was not given possession and the developer did not execute sale deed in her favour. She approached RERA ahmedabad and the authority in August 2019 directed the developer to execute the sale deed in favour of the applicant and to hand over possession of the flat on payment of dues of Rs 18.69 lakh and other charges by the applicant-allottee within 30 days of the order. The applicant had paid the amount but the developer cancelled her booking and then sold the flat to one Lalita Patel. GujRERA has ordered civil prison for the developer and his three associates."

Gujarat: RERA orders civil custody of four for disobeying orders
Bldgs mature, skip first teen marker; no 13th floor
Times of India | 1 month ago | |
Times of India
1 month ago | |

AHMEDABAD: Triskaidekaphobia - the fear of 13 - is a skyscraper of a word, which Ahmedabad builders understand defines the unease of legions of home buyers. So, many developers have taken the decision to designate the floor after the 12th as the 14th in their projects. For those in the real estate business, the point is not numerology, it is the numbers: it pays to heed sentiments of buyers, many of whom are reluctant to buy property on the 13th floor, ostensibly fearing bad luck. In fact, a number of builders choose to number the 13th floor as the 14th floor right after the 12th. Yash Shah, director of an Ahmedabad-based real estate firm, said, "We have constructed seven projects taller than 12 floors. However, the floor 13 doesn't exist in six of them including three commercial as well as three residential projects. This is because we are often compelled to sell or rent any space numbered 13 for a lesser price or rentals." The trend holds true for both existing as well as upcoming buildings. With higher floor space index (FSI) allowed by the government in certain areas of Ahmedabad and Gandhinagar, several tall building projects going upto 30 to 40 storeys are expected to come up over the next five years. A residential project slated to come up at the GIFT City campus near the international financial services centre (IFSC) will also not have floor number 13. Deep Vadodaria, an Ahmedabad-based developer, said, "The number 13 often goes against the customer's buying decision. Therefore, we have avoided numbering the Level 13 as the 13th floor in our upcoming 33-storeyed residential project in GIFT City campus." Such is the case of an Ahmedabad-based developer and the chairman of CREDAI - Gujarat, Ajay Patel too. "People believe in numerology and while selling a property we cannot argue with someone's individual beliefs. We implemented this in a commercial project in Satellite by going from floor 12 to floor 14," he said. Besides the Vastu Shastra specifications and a traditional preference for east-facing direction of the entrance or balconies, numerology too has an increasing influence on customers' buying decisions. "Buyers often ask about the direction and number of the property. Floor number 13, office number 13 or a south-facing property are typically not preferred. Such buyer requirements are more common in residential segments as compared to commercial ones. For instance, retail spaces along Sindhu Bhavan Road and Anandnagar Road are typically north- and west-facing and the uptakes are good without any qualms," explained Dipen Thakkar, a real estate consultant.

Bldgs mature, skip first teen marker; no 13th floor
Devnandan Builders asked to clear Rs 25cr DHFL dues
Ahmedabad Mirror | 2 months ago | |
Ahmedabad Mirror
2 months ago | |

The Adjudicating Authority of Real Estate Regulatory Authority (RERA) has passed an order asking city-based Devnandan Builders to deposit Rs 25 crore with DHFL from which it had taken advances of Rs 33 crore to build a residential scheme. RERA cautioned that failure to abide by its order may lead to imposition of civil custody or attachment of property.Devnandan Builders have built two schemes — Devnandan Horizon and Devnandan Parisar — which were mortgaged for Rs 33 crore loan from DHFL. The builder sold all the flats in Devnandan Horizon, which is situated at Chandkheda, to home buyers and drew the sale deeds in 2018 and later. The home buyers have alleged that the builder kept them in the dark about the mortgaged status of the property.On December 29, 2020, RERA issued an order to the builder to clear dues and provide documents and maps related to the property to members. However, the builder failed to comply with the order. Thereafter the society members filed an Execution Application with RERA seeking action against the builder.In response, the builder submitted an affidavit that dues worth Rs 24.04 crore owed to DHFL have been cleared and a resolution plan would be submitted to Piramal Capital and Housing Finance before May 15, 2022. Piramal group acquired DHFL after the latter went into liquidation.After hearing both the parties, RERA observed that the builder had failed to clear dues with DHFL despite its order and gave 30 days to clear it failing which the properties will be attached. One of the home buyers told Mirror, “We hope the builder, with whom we are not in direct contact, complies with the order at the earliest.”

Devnandan Builders asked to clear Rs 25cr DHFL dues
Realty GIFT: Gandhinagar to wear new look
Times of India | 2 months ago | |
Times of India
2 months ago | |

GANDHINAGAR: The state capital is being primed to emerge as a location of real estate efflorescence, with the newly drafted Gandhinagar riverfront master plan combining with that of GIFT City. The central business district model based on the Sabarmati riverfront development plan of Ahmedabad will be now replicated in the heart of Gandhinagar, thanks to the policy initiative. A few weeks ago, Gujarat's urban development department (UDD) had begun the process of making the two master plans congruent. Earlier, GIFT Urban Development Authority (GIFT-UDA) was planning to create its own waterbody to offer a recreational splash to the residents of GIFT-IFSC (International Financial Services Centre). "We concluded that it makes sense to fuse the two infrastructure master plans," said a senior UDD official. "The decision will influence real estate opportunities in three TP (town planning) schemes and ensure the densification of the 4.5km vicinity of GIFT City with new residential and commercial projects on both sides of the river." The current Gandhinagar riverfront plan provides five access points to the Sabarmati including one from GIFT City. "These points lie along Dholeshwar temple, Raysan village, and Randesan village," the official said. Narmada and Water Resources, Water Supply and Kalpsar Department is overseeing the Gandhinagar-focused development which covers a 9.3km stretch between PDEU and Shahpur Bridge. The project cost is estimated to be Rs 353.58 crore. Sources said that additional land will be reclaimed along the riverfront stretch for exploring real estate opportunities and recovering the construction cost of the riverfront. "The state government has already asked GIFT-UDA and the water resources department to consider combining the two master plans," the UDD official said. "A riverfront development plan will mean framing separate volumetric (volume-based) general development control regulations (GDCR) on the lines of those of Sabarmati Riverfront Development Corporation Limited in Ahmedabad." As for the proportion of public and commercial spaces, the official said: "A special governing council will be responsible for formulating policies for the development of the riverfront."

Realty GIFT: Gandhinagar to wear new look
RERA tribunal flawed sans tech member: PIL
Ahmedabad Mirror | 2 months ago | |
Ahmedabad Mirror
2 months ago | |

A Public Interest Litigation (PIL) has been filed in the Gujarat High Court seeking to appoint a technical member in the Gujarat Real Estate Appellate Tribunal as the government hasn’t made the appointment for a long time. The PIL also stated that as per the law, the RERA tribunal can only hear applications and issue orders if there is requisite quorum of judicial member and the technical member. The orders passed without a full quorum are void as per law.The petition was filed by RERA practitioner Nipun Singhvi through advocate Vishal Dave based on a reply received from the government. Singhvi had got a reply in response to his application under RTI about the appointment of members in the tribunal. On July 4, he got a reply that the government was considering the appointment of chairperson and technical member.He raised the issue that the Gujarat Real Estate Appellate Tribunal consists of only one judicial member but no administrative member or technical member.Therefore, the entire order or any proceedings concluded by one of the members of the tribunal is totally without jurisdiction and would be void. This would create a legal impediment and all such orders would be challenged in the HC on technical grounds that would open the flood gates of litigation.As per Section 43 (3) of the Real Estate (Regulation and Development) Act, 2016, the Gujarat Real Estate Tribunal must consist of a one judicial member and one administrative member or technical memberThe PIL also raised the issue that the nature of appellate jurisdiction exercised by the tribunal involves serious determination of mixed issues of law and facts.This in turn can only be done by persons with judicial and technical experience and expertise as it requires deep knowledge of law, subject expertise and legal principles and acute ability to weigh evidence by identifying the relevant factors that go towards such determination.

RERA tribunal flawed sans tech member: PIL
Ahd to see launches worth Rs 3,500cr this Diwali
Times of India | 2 months ago | |
Times of India
2 months ago | |

AHMEDABAD: Ahmedabad will see launches of new construction projects worth at least Rs 3,500 crore this festive season, according to estimates by CREDAI Ahmedabad. Last year, the number of commercial projects launched was negligible but this year about 30% of projects will be in the commercial space, while the rest will be residential projects. Property developers believe from Navratri onwards, real estate will see improved demand. Ahmedabad has seen 69 projects launched this financial year. CREDAI Ahmedabad president Tejas Joshi said, "We have seen the real estate sector emerge from the pandemic faster than expected and there has been good demand for the last two years. Last Diwali season, there were launches in the residential segment mainly because commercial demand was very low due to the effect of Covid. The majority of new launches were in the high-end, affordable and residential plotting segments. This year, according to our estimates, projects worth around Rs 3,500 crore will be launched in the city." He said this festive season around 30% of projects will be in the commercial segment as demand has been good for office space and quality retail space. Gaurav Gadhecha, a city-based developer said, "Overall demand has been good after Covid. The equity market has also performed well and commodity prices have also stabilised, so real estate will see momentum this festive season. Ahmedabad is seeing good industrial development and hiring is happening in the services sector, so there is significant inflow of talent from other cities and we believe the festive season will see a significant number of projects launched." Industry experts say most developers will increase supply of mid-level housing as the last two years have seen new projects launched in the high-end and affordable segments. Deval Patel, a city-based developer said, "Ahmedabad is rapidly expanding and demand for better homes has increased after Covid. People are shifting to larger houses and new projects with more amenities and the trend will continue."

Ahd to see launches worth Rs 3,500cr this Diwali
‘Gangster jailed in London has powerful connections in Guj’
Times of India | 2 months ago | |
Times of India
2 months ago | |

AHMEDABAD: A woman related to the prime accused in a bitcoin scam case has offered to give evidence of the allegedly high-profile links of a gangster from Jamnagar, Jaysukh Ranparia alias Jayesh Patel, who is currently in a London jail. The woman, Nisha Gondaliya, is the sister-in-law of Shailesh Bhatt, the main accused in one of the bitcoin scams busted in Gujarat. She has sent a plea to Gujarat Police. Patel has been lodged in a jail in London since his arrest on March 16, 2021. Hearings on his extradition have been going on in the Westminster magistrate's court in London since May 30. Patel is facing four charges: being a party to the murder of a leading Jamnagar lawyer, Kirit Joshi, in 2018; the attempted murder of a builder, Girish Der, in 2020; the attempted murder of a real estate broker, Professor Purshottam Rajani, in 2019; and the attempted murder of another real estate broker, Jaisukh Pedhadia, also in 2019. All the three targets were from Jamnagar. Gondaliya submitted her application through post to the Ahmedabad Police commissionerate on Friday. The letter is marked to the top leadership of the state, Jamnagar SP Premsukh Delu, and the Enforcement Directorate in New Delhi. "I would like to give information that on August 9, a London court issued summons to Jayesh Patel to remain present before court. At that time, I was there in the UK court," said Gondaliya in the plea. "During the court proceedings, I tried to get information regarding the case, and I got some evidence like documents, photographs, voice notes and things regarding Jayesh Patel and his Gujarat associates in the UK." Gondaliya said that she also has the details of the persons who are in constant touch with Patel. "I would like to submit this evidence to the police department and the government to expose these criminals before public," she said. Gondaliya had in 2019 filed a complaint with Dubai police alleging that Patel had usurped bitcoins worth several crores when she had met him in Dubai. Since then, she has filed several complaints against him. On the other hand, the Gujarat ATS had on January 8, 2021, nabbed two men who had fired at her at her behest to frame Patel. Sources in police said that a politician allegedly had a key role in the case and is still in touch with Patel. The sources said that Patel, through his kin, has been allegedly running a hawala racket. A fugitive facing GujCTOC charges, who is in Dubai at present, is apparently helping Patel in the racket.

‘Gangster jailed in London has powerful connections in Guj’
  • ‘Gangster jailed in London has powerful connections in Gujarat’
  • Times of India

    AHMEDABAD: A woman related to the prime accused in a bitcoin scam case has offered to give evidence of the allegedly high-profile links of a gangster from Jamnagar, Jaysukh Ranparia alias Jayesh Patel, who is currently in a London jail. The woman, Nisha Gondaliya, is the sister-in-law of Shailesh Bhatt, the main accused in one of the bitcoin scams busted in Gujarat. She has sent a plea to Gujarat Police. Patel has been lodged in a jail in London since his arrest on March 16, 2021. Hearings on his extradition have been going on in the Westminster magistrate's court in London since May 30. Patel is facing four charges: being a party to the murder of a leading Jamnagar lawyer, Kirit Joshi, in 2018; the attempted murder of a builder, Girish Der, in 2020; the attempted murder of a real estate broker, Professor Purshottam Rajani, in 2019; and the attempted murder of another real estate broker, Jaisukh Pedhadia, also in 2019. All the three targets were from Jamnagar. Gondaliya submitted her application through post to the Ahmedabad Police commissionerate on Friday. The letter is marked to the top leadership of the state, Jamnagar SP Premsukh Delu, and the Enforcement Directorate in New Delhi. "I would like to give information that on August 9, a London court issued summons to Jayesh Patel to remain present before court. At that time, I was there in the UK court," said Gondaliya in the plea. "During the court proceedings, I tried to get information regarding the case, and I got some evidence like documents, photographs, voice notes and things regarding Jayesh Patel and his Gujarat associates in the UK." Gondaliya said that she also has the details of the persons who are in constant touch with Patel. "I would like to submit this evidence to the police department and the government to expose these criminals before public," she said. Gondaliya had in 2019 filed a complaint with Dubai police alleging that Patel had usurped bitcoins worth several crores when she had met him in Dubai. Since then, she has filed several complaints against him. On the other hand, the Gujarat ATS had on January 8, 2021, nabbed two men who had fired at her at her behest to frame Patel. Sources in police said that a politician allegedly had a key role in the case and is still in touch with Patel. The sources said that Patel, through his kin, has been allegedly running a hawala racket. A fugitive facing GujCTOC charges, who is in Dubai at present, is apparently helping Patel in the racket.