To bridge this gap, the Gujarat Revenue Department introduced the . Impact of the 2008 Jantri Rate Revision
The revision is widely cited as a major factor that depressed the real estate market in 2008-09. Developers reported a sharp drop in queries and sales. The slump was evident from a conspicuous absence of advertisements in newspapers during what should have been a festive season. Major projects were shelved. For example, two corporate houses planning to build malls in Vadodara's upscale Alkapuri area abandoned their plans [citation needed]. Property dealers directly blamed the steep hike in Jantri rates for creating an additional financial burden on buyers and depressing demand. jantri rates in gujarat 2008
Within each district, the Jantri rates in Gujarat 2008 also varied across different talukas. For instance: To bridge this gap, the Gujarat Revenue Department
Properties were divided into:
When the state government introduced new, highly increased rates in April 2011 (which saw a rise of up to 1000% in some areas), the 2008 rates were used as the primary basis for comparison. The slump was evident from a conspicuous absence