CREDAI and other organisations felicitate Finance Minister OP Choudhary, say new rates will boost transparency, investment and housing activity
TFP Bureau, Raipur, January 31, 2026: An upbeat atmosphere prevails across the real estate sector, business community and among citizens following the implementation of revised land guideline rates in Raipur and Korba districts under the Chhattisgarh government’s initiative to rationalise and simplify land valuation norms. Describing the new guidelines as public-friendly and growth-oriented, several organisations and public representatives have welcomed the move, stating that it will provide significant relief to buyers, sellers and investors alike.
In this context, delegations from various organisations, including the Chhattisgarh Real Estate Developers Association (CREDAI), met Finance Minister Shri O.P. Choudhary at his official residence in Raipur to express gratitude for the timely revision of land guideline rates, which came into effect from January 30, 2026. CREDAI also honoured the Finance Minister, acknowledging the government’s efforts to address long-standing concerns of the real estate sector while safeguarding public interest.
Representatives of CREDAI said the revised guidelines reflect a realistic and balanced approach, formulated after taking into account ground realities, market conditions and the practical difficulties faced by developers and common citizens. They said the rationalisation of rates would enhance transparency in property transactions related to houses, plots and other immovable assets, thereby reducing disputes and easing the registration process.
The association noted that the new land guidelines are expected to revive housing demand, encourage lawful transactions, and restore confidence among homebuyers and investors. By aligning guideline rates more closely with prevailing market values, the move is likely to curb undervaluation and bring greater clarity to stamp duty and registration processes, directly benefiting the general public.
Those present during the meeting included CREDAI Chhattisgarh President Shri Mayank Ahuja, Secretary Shri Vikrant Doshi, Treasurer Shri Deepak Jain, and State Advisory Committee members Shri Hemant Sethia, Shri Gurudas Satre, Shri Yogesh Bothra, Shri Vinod Chhipa, Shri Manoj Mahanti and Shri Sanjay Nilanjane, among others.
Public representatives and business leaders stated that the revised land guidelines strike an effective balance in land pricing, offering relief to the middle class, farmers, traders and small entrepreneurs. They added that the move would simplify procedures related to housing projects, commercial establishments and industrial investments, creating a more investor-friendly environment in the state.
Addressing the delegations, Finance Minister Shri O.P. Choudhary said that the state government’s foremost priority is to accelerate development while protecting the interests of ordinary citizens. He emphasised that the revised land guidelines were finalised after extensive consultations and careful assessment of local conditions, public sentiment and economic implications. “Our objective is to promote investment and development without placing any undue financial burden on the people,” he said.
The Finance Minister further assured that public welfare would remain central to all future policy decisions of the state government. He expressed confidence that the new land guidelines would not only strengthen the real estate sector but also generate employment, boost allied industries and contribute to the overall economic growth of Chhattisgarh.
Delegations expressed optimism that the government’s decision would infuse fresh momentum into the real estate market, improve investor confidence and support sustainable urban and industrial development across the state.
