Real Estate Properties in Rajkot

Rajkot is the fourth-largest city and administrative headquarters of the Rajkot district in the Indian state of Gujarat. One of the largest urban agglomerations in India, Rajkot is one of the fastest developing cities in the world.

Rajkot is famous for its textile, silk embroidery, jewelry and watch parts manufacturing industries. It is also well known for its casting and forging industries. Apart from these, the city is well known for textile printing units that produce silk sarees and cotton salwar suits.

Geographically, Rajkot is located in the Saurashtra region and lies on the banks of the rivers Nyari and Aji. Bhavnagar and Surendranagar in the east, Jamnagar in the west, Kutch in the north, and Junagadh and Amreli in the south surround the district. The strategic location of the city makes it one of the leading industrial centers of Gujarat.

Rajkot is also a popular tourist destination and home to many historical landmarks like Jubilee Garden, Mohandas Gandhi High School, Watson Museum and Lang Library. The city of Rajkot has top-notch education facilities and a booming real estate market.

Stats and Facts

• The population of Rajkot city, as per the provisional reports of the 2011 national census, is 12,86,995. Its urban/metropolitan population, on the other hand, is 13,90,933
• As per the same reports, Rajkot has a sex ratio of 905 per 1000 males. The child sex ratio, however, is below par, standing at 828 per 1000 boys
• The same reports indicate an average literacy rate in the city is 88.82%
• Rajkot has a sister city called Morbi
• The region is well known for its Small and Medium Enterprises (SMEs), like automobile parts, light engineering, brass parts and foundries
• Gujarati and Hindi are the primary languages spoken in Rajkot
• The city was founded by Thakore Sahib Vibhoji Ajoji Jadeja in 1620
• Rajkot is the place where Mahatma Gandhi spent the early years of his life
• The city of Rajkot is home to an international cricket stadium called Saurashtra Cricket Association Stadium
• Rajkot experiences a tropical wet and dry climate

Economy and Industrial Profile

• Rajkot is an industrial base for sectors such as jewelry, textiles, silk embroidery and watch parts. The automobile industry has been witnessing a major boom in the recent times
• A number of private conglomerates are present in Rajkot, including Macpower CNC Machines Pvt. Ltd., Jyoti CNC Automation Pvt. Ltd. and Atul Auto Ltd
• There are about 500 foundry units in Rajkot, owing to the casting requirements of the local diesel engine industry
• Software services have also been growing rapidly in this region, with many new multinational software companies and call centers setting up their operation and development centers
• Tourism is another major industry that contributes to the city’s economy

Connectivity

• By air, Rajkot connects to Mumbai and intermittently to Ahmedabad, served by Indian Airlines, Jet Airways and other carriers
• Rajkot has an extensive network of roads and is equipped with state and private transport buses. Through the national and state highways, Rajkot is connected across India
• Rajkot Railway Station, also known as Rajkot Junction, is the main railway station in the city of Rajkot. The city has frequent trains to Mumbai, Ahmedabad, Delhi, Coimbatore, Kochi, Bhopal and other cities

Rajkot District Administration

• Rajkot is a municipal corporation and is an Administrative headquarters for Rajkot district
• The city has three administrative zones, namely Central, East and West with 23 wards
• Rajkot Municipal Corporation (RMC) is responsible for the provision of services like construction and maintenance of civic infrastructure, water supply, sanitation, conservation of heritage sites and disaster management among others
• The corporation is headed by a Municipal Commissioner and the political wing is an elected body of councilors headed by a Mayor
• There are 19 Police stations in the city, with a commissioner heading the Police force

Rajkot Infrastructure

Due to the presence of a large industrial base, Rajkot has excellent transport infrastructure. The Rajkot Urban Development Authority (RUDA) has been formulated to ensure that there is a systematic development of the areas under its jurisdiction, with a constant focus on infrastructure facilities.

Healthcare and education services in Rajkot are also notable. The city has a lot of renowned schools, colleges and universities. The same holds good for the healthcare facilities in this region.

Infrastructure Projects

Rajkot Real Estate Market

• As the next potential destination for service sectors like IT and ITes, the real estate market has been witnessing an increase in demand
• Owing to the large investments being made by top realty companies, a number of housing projects are coming up, making way for affordable residential property in Rajkot
• In the commercial property front, the upcoming multistoried hotels, shopping malls and business houses have helped to maintain the demand
• Prices in prime localities like Kalawad Road and University Road have increased by almost 30% in one year

Key Localities In Rajkot

Charges by Different Government Bodies

Property Registration

Stamp Duty: 8% if the consideration or the market value, whichever is greater.

Note: Additional 25% stamp duty for property in urban areas.

Registration Fees: 1% of total construction cost per year.

Property Tax

The Rajkot Municipal Corporation levies the property tax in Rajkot. The rates and other charges for property tax are revised regularly.

Paschim Gujarat Vij Company Limited (PGVCL)

The Paschim Gujarat Vij Company Limited is responsible for electricity sub-transmission distribution and retail supply in the state of Gujarat.

Electricity Tariff

For Non-BPL Consumers

For BPL Household Consumers

Energy Charges for Total Monthly Consumption (For Non BPL Consumers)

Energy charges: for the total monthly consumption (For BPL Consumers)

Gujarat Water Supply and Sewerage Board (GWSSB)

The Gujarat Water Supply and Sewerage Boardis a statutory body set up by the State Government for the development, regulation, and control of the drinking water sector in the State.

Water Tariff

Fixed Charges:

Rs. 15/- per BHP/month

Energy charges:

For entire consumption during the month –340 paise/unit/month

City Civic Center

In order to provide transparency in administration and to extract maximum advantage from technology, Rajkot Municipal Corporation (RMC) has started the concept of City Civic Center in different areas of the city. Currently, RMC has five City Civic Centers operating in different areas. The main advantage to the people of the city is that they don’t have to go far for various services and they get various services within a minimum time frame.