In a strategic move to streamline its operations and provide a centralized hub for stakeholders, Gujarat Real Estate Regulatory Authority (GujRERA) has announced the establishment of a new office complex, the “RERA Bhavan,” in Gandhinagar. This significant development involves the acquisition of a 3,500 sq meters plot near Sargasan from the Gandhinagar Urban Development Authority (Guda) at an estimated cost of Rs 44 crore.
Setting the Stage for RERA Bhavan: GujRERA’s decision to create a dedicated headquarters is aimed at enhancing efficiency and accessibility for both the authority and the tribunal. Currently, the GujRERA office operates from Sahyog Sankul, Gandhinagar, while the tribunal is housed in Karmayogi Bhavan. Bringing them under one roof at RERA Bhavan near Sargasan aligns with the authority’s vision to facilitate seamless interactions with stakeholders.
Strategic Land Acquisition Process: The acquisition process for the identified plot near Sargasan is set to commence soon. This move underscores GujRERA’s commitment to constructing a distinctive building that symbolizes its strong ties with Gujarat’s rapidly evolving real estate sector. The planned headquarters will serve as a centralized hub for effective regulatory functions.
GujRERA’s Growth Trajectory: Since its establishment in response to the Real Estate (Regulation and Development) Act, 2016, GujRERA has played a pivotal role in regulating and promoting the state’s real estate sector. The decision to establish a new headquarters is a testament to the authority’s commitment to continual growth and service improvement.
Extended Deadline for Voluntary Compliance Scheme (VCS): In another noteworthy development, GujRERA has extended the deadline for the Voluntary Compliance Scheme (VCS) until January 31. This extension provides a grace period for defaulters to align with the necessary compliances. The move reflects GujRERA’s pragmatic approach to support stakeholders in meeting regulatory requirements.
Conclusion: The upcoming RERA Bhavan signifies a pivotal moment for GujRERA, marking a strategic investment of Rs 44 crore for a centralized headquarters near Sargasan. This initiative is poised to enhance operational efficiency and foster better engagement with stakeholders. As Gujarat’s real estate sector continues to evolve, GujRERA’s proactive steps reinforce its commitment to regulatory excellence.