It's all about knowing how software is important in the construction space and how many ways it can help us for avoiding the delay of the projects

1. PRIMAVERA
A Report on Real Estate Regulation Laws In All The Countries Over The
Globe And How They Deal With Project Delays Using Software.
Report submitted to the
Institute of Real Estate and Finance
BY
Group B
Dilip Mehta
Rajlaxmi Pardeshi
Vikrant Wagh
Parag Jagtap
Sachin Kumar Rai
PGP (real estate construction finance management)
UNDER THE GUIDANCE OF
Mr. Naynish Ladkat

2. ACKNOWLEDGEMENT
We would like to express our special thanks of gratitude to our
director Mr. Abhay Kumar for all support and guidance
throughout and giving us the opportunity to work on this report
which helped me to understand the main aspects of new
technology in construction which can help us in many ways in
future, and we came to know about so many things. secondly, I
would like to show my gratitude towards our mentor Naynish
Ladkat for giving an opportunity to work on such a report. this
opportunity led me to the pathway of deep knowledge of the
Primavera.

3. TABLE OF CONTENT
1. Introduction of RERA
2. Benefits of RERA
3. Delay Analysis
4. Reaction of RERA on delay
5. RERA help for avoiding delay
6. Software help for avowing delay
7. Conclusion
8. References

4. INTRODUCTION OF RERA:
land Regulation & Development Authority (RERA) is an Act gone by the Indian
Parliament. The Rajya Sabha passed the RERA bill on March 10, 2016, followed by
the Lok Sabha on March 15, 2016, and it came into force from May Day, 2016. 59
of its 92 sections were notified on May Day, 2016 and therefore the remaining
provisions came into force from May Day, 2017. Under the Act, the central and
state governments, are required to notify their own rules under the Act, six months,
on the idea of the model rules framed under the central Act.
For a long, homebuyers complained that land transactions were lopsided and
heavily in favor of the developers. RERA and therefore the government's model
code, aim to make a more equitable and fair transaction between the vendor and
therefore the buyer of properties, especially within the primary market. RERA, it's
hoped, will make land purchase simpler, by bringing in better accountability and
transparency, as long as states don't dilute the provisions and therefore the spirit
of the central act. The RERA
Benefits of RERA:
The main goal of the RERA act is to safeguard the interest of the house buyers and
to make a way of standardization within the land market. With the launch of this
act in situ, there's no place for developers to try to any mistakes to home buyers.
1. Standardized Carpet Area.
2. Right to Information About the Property.
3. Builders Won't Be ready to Delay the projects.
4. Builders are going to be held liable for Any Defect or Fault within the
Construction:
5. Grievances are going to be Addressed and can be Solved Quickly:
6. Advance Payments:
7. Right Of the customer just in case of any false promises:
8.Builders will need all clearances before selling:
9. Builders won't be ready to use your money for a few other projects:
10.Reduction in Prices of Real Estate:

5. Delay Analysis:
DELAY ANALYSIS Numerous factors cause the causes of delays in construction
projects which range from issues within the technology and its management to
those emanating from the social, physical, and financial environment. These delays
are grouped into the subsequent categories
• Causes of delay by owner
• Causes of delay by the contractor
• Causes of delay by Consultant
• Causes of delay by equipment Planning, Scheduling and Delay Analysis of a
Building.
• Causes of delay by labors
• Causes of delay by external factors
The reaction of RERA on Delay:
RERA will determine the compensation that the builder has got to buy the delay
within the delivery of property to the customer. If a construction developer fails in
delivering possession of the property as per the date that's mentioned within the
contract or sale and buy agreement, then the customer of the property has two
options: to terminate the contract and seek compensation from the builder or
continue the project for construction and claim reimbursement for the delay.
When the customer decides to withdraw from the project, a builder goes to be
liable for returning the whole amount that's paid by the customer for the property
plus the interest. If the customer decides on continuing the project, the interest is
often claimed for every month of the delay until the property is handed to the
property buyer.
If the property developer isn't compensating the customer voluntarily, the
customer has the proper in filing a complaint with the important Estate regulatory
agency. The RERA will appoint a politician which will perform a judge's functions.
The officer appointed by the authority will perform an inquiry then pass an order if
the expert has decided whether the customer is going to be getting curious about
regards to the cash that was spent.

6. Avoid delay using Software:
Delay in possession in the home has been the most important issue with
homebuyers for ages. In some cases, delay of possession has been quite 6 years for
there are legal cases filled. to possess timely possession RERA has defined some
regulations for like if there's an ongoing project which doesn't have a completion
certificate, the developer has got to catch on registered within 90 days of
implementation of the RERA act.
Certain other regulations under RERA for promoters
Written Affidavit:
The promoter has got to give an affidavit alongside other required documents
stating the period of time within which the project would be completed/delivered.
Possession Date would be Unimpeachable:
The agreement of sale would have a date of possession and therefore the rate of
interest if the developer defaults the said date of possession.
Clear Title of Land:
Promoter has got to provides a written affidavit that the legal title of the land on
which the project is to be done has legally valid documents with authentication of
such title if the land is owned by another person.
Free from Obstruction:
Most projects are delayed thanks to an obstruction like the title of the land isn't
clear. To avoid such situations promoter has got to concede a written affidavit the
land is free from all obstructions.
Maintaining Book of Records:

7. As per RERA, 70 percent of the quantity realized for the important estate project
from the customer shall be deposited in separate accounts in scheduled banks to
hide the value of construction and therefore the cost of land and it shall be used
just for that purpose.
Offence:
If the promoter/builder doesn't adhere to the principles, he not only loses the
registration of the project but he's also responsible for punishment for a term up
to three years or 10 percent of the estimated cost of the important estate project
fine might be imposed.
With the above points if the promoter still defaults and delays the possession of
the property as per the 'agreement of sale', the Buyer would have the proper to
say refund of the quantity paid alongside interest and therefore the registration of
the promoter is canceled.
Software utilized to avoid Delay:
If the delay caused by the equipment Planning, Scheduling, and Delay Analysis of a
Building. this is often avoided by using different sort of project management
software like Primavera, MS Project, etc.
Being a multifarious, sophisticated project, Primavera is important during a
construction project to urge everything executed within budget and on time.
Primavera may be a renowned tool used for planning, managing, controlling, and
executing projects or portfolios. it's a simple to use Project Portfolio Management
(PPM) solution. Not only is that this goodie utilized in construction, but it also can
be used for any Delay of multifaceted projects with tons of complexities.
By allocating the simplest resources, forecasting, and control risks, projects are
executed efficiently and effectively.
• What is that the cost required to finish the task?
• What amount of resources are required?
• When will each project milestone be completed?
• How much manpower is required?
• Which part of the task is more of priority?
• What activities are needed to be administered tomorrow, in 2 days, in 3 days…?

8. Planning, scheduling, controlling, and monitoring are important aspects of
construction projects to make sure success. Here is that the importance of
Primavera in the construction
Planning:
This is often the foremost critical aspect of the method because it will determine
the result of the project. Plans are made on time, cost, human resources, and also
communications. Moreover, it's the baseline for further scheduling, monitoring,
and controlling of the project till the ultimate stage of the work.
Scheduling:
After the breakdown of the activities or tasks to be done, the team calculated the
progression of the work, the quantity of your time required, the critical aspect of
the work. After these are put in situ, it's vital to watch the schedule
Controlling:
Primavera makes risk analysis easy with just a click on the entire float. Any critical
issues are often easily identified and modified with this amazing software.
Correction is often done by changing the project data and re-forecasting the plan
inputted in Primavera.
Closing:
This is the conclusion of the project. Reporting of labor progress, deciding if the
project is simply a stepping stone to a different project or the top itself.
Conclusion:
It's important that the Act doesn't get diluted by the states. And if need be, even
the middle should intervene within the matter. albeit the principles are in situ, the
state RA's are expected to stay a strict vigil on their implementation and take moto
action (under section 5 of the RERA Act, they will do so) against builders doing any
unfair practice or not adhering to the provisions of the Act. might not the
homebuyer suffer anymore by running around and be at the mercy of the builders?
The place of Primavera within the planning, execution & avoiding Delay of the

9. project can't be overemphasized. For any work to be completed and record great
success, this amazing software is important.
References:
1. https://economictimes.indiatimes.com/wealth/real-
estate/will-rera-ensure-timely-possession-of-
properties/articleshow/58492124.cms?utm_source=c
ontentofinterest&utm_medium=text&utm_campaign
=cppst
2. https://hackernoon.com/how-helpful-is-primavera-
in-a-construction-wjq32sf
3. https://www.lawyerservices.in/REAL-ESTATE-
REGULATION-AND-DEVELOPMENT-ACT-2016-
SECTION-6-Extension-of-registration