Agrawal Darshil Jitendra

CM4050

This research explores the significant impact of the revision of Jantri rates, or the government-determined benchmark property values, on the real estate market in Ahmedabad. These revisions play a pivotal role in shaping property valuations, transaction costs, and investment decisions. The study investigates the effects of these changes on property prices, housing affordability, real estate project viability, and investor behavior. Using both qualitative and quantitative methodologies, the research draws insights from primary data, including surveys and interviews with stakeholders such as developers, investors, and homebuyers, as well as secondary data from market reports and historical sales trends. Key findings suggest that the revision of Jantri rates has led to increased property prices, higher stamp duty and registration fees, and significant cost increases for real estate developers. These changes have made properties less affordable and have resulted in a reduction in new project launches and investment activities. The paper concludes by recommending policy measures, such as reducing stamp duties and introducing gradual rate hikes, to mitigate the negative impacts on the market.