Realtors, builders protest sudden hike in Jantri rates

In a wave of protest, builders, realtors, and developers across Gujarat are voicing their opposition to the recent sharp increase in the state government's proposed Jantri rates, fearing that it will lead to a dramatic rise in property prices.

The Jantri rate, a government-fixed value for land and property in India, plays a crucial role in determining the stamp duty and registration charges in real estate transactions.

The hike, in some cases, is as much as 2000%, triggering widespread concern in the construction and real estate sectors.

The government has extended the deadline for submitting objections to the new rates by one month.