Many Mumbai-based developers are shifting focus to the the neighbouring state of Gujarat owing to the stagnating real estate market in Mumbai. Developers such as Godrej Properties, Ackruti City, Ravi Group, K Raheja Group, Sahara Housing, Ajmera and Acme Group are having a number of projects coming up in Gujarat.

Two factors underlying this shift are the lower land costs and the virtually non-existent red-tape in Gujarat.

“There is tremendous industrial activity in Gujarat, which has resulted in a growing demand for real estate,” said Anuj Puri, Country Head and Managing Director, Jones Lang LaSalle Meghraj (JLLM).

Developers said that transparency was a big attraction. “Unlike Mumbai, land titles in Gujarat are usually clear and all details are available online. We do not need to visit government offices to verify such claims,” said Manish Veera, spokesperson, Ravi Group of Companies, which is planning to develop townships in Ahmedabad, Anand and Baroda.

Developers are also lured by the fast pace of granting permissions. “Our delivery mechanism is very fast as we want to speed up the development of the state,” said Narottam Patel, Rural Housing Minister, Gujarat state.

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