AS RERA and GST are major topics today's and need to discuss in details.

1. Two MAJOR
REFORMS OF
CURRENT
GOVERNMENT

3. History so far ?

5. Before G.S.T After G.S.T
Direct and indirect taxes One nation one tax
G.S.T

6. Which are the sectors not included
in G.S.T?
WHY ?
• Petroleum
• Diesel
• Natural gas
• Liquors
• Electric

7. EFFECTS OF G.S.T ON REAL ESTATE
AND CONSTRUTION INDUSTRY
1. 12% for under constructions
2. Not applicable for resale
3. 18% new project
4. Is mandatorily to pass on the benefits to
consumers as amended.
5. Affordable housing no gst.

8. Real Estate Regulation Act
What was the purpose of RERA?
- Delay in project completion
- Quality of construction

9. Rule and regulation of RERA
in Maharashtra
• Developer must get registered.
• All project details should be available for public.
• 5 year warranty by builder for defects.
• Customer approval required for change in layout.
• Penalty for mis-leading ads by developer.
• Carpet area disclosure is now a must.
• 70:30 sales money uses for construction.

10. Penalties under RERA
• 10% project cost for non-registration
• 10% of project cost or 3 year imprisonment for not
obeying order.
• 5% of project cost for providing false info.

11. The end