The latest frameworks for the construction industry is followed by Exotica Housing which enables us to offer completely legal and safe possessions to our esteemed clients of the ready to move flats in Noida extension.
EXOTICA” is one of Delhi / NCR's leading Infrastructure Company. It has launched many projects in the past which have been a huge success. Exotica always believes in providing excellent quality and total commitment.
Impact of RERA on consumer buying behaviour summer project complete(1)Ajay Singh
As we know real estate (regulation and development) Act 2016 has been passed. Real Estate Regulatory Authority came into this act from May 2017 in Maharashtra
This survey was conducted on a sample size of 201 people who stay in Mumbai and are searching house in Mumbai . The main objective of this survey was to know the consumer buying behavior while buying real estate property. This research has been performed in Mumbai after the implementation of RERA so we can know the impact of RERA on consumer buying behaviour.
EXOTICA” is one of Delhi / NCR's leading Infrastructure Company. It has launched many projects in the past which have been a huge success. Exotica always believes in providing excellent quality and total commitment.
Impact of RERA on consumer buying behaviour summer project complete(1)Ajay Singh
As we know real estate (regulation and development) Act 2016 has been passed. Real Estate Regulatory Authority came into this act from May 2017 in Maharashtra
This survey was conducted on a sample size of 201 people who stay in Mumbai and are searching house in Mumbai . The main objective of this survey was to know the consumer buying behavior while buying real estate property. This research has been performed in Mumbai after the implementation of RERA so we can know the impact of RERA on consumer buying behaviour.
In this presentation we discus about the impact of Rera ON INDIAN real estate, the law under the RERA as per the Central government, how to register complaint under RERA etc
What is a completion certificate and how to apply for it? As the name suggests, this certificate is granted after the completion of construction of your house or a group housing society. The certificate is issued when the property is ready to be moved in. Completion certificate is issued by the local development authority/Municipal Corporation.
The Real Estate (Regulation & Development) Act 2016 & its Draft RulesJash Vaidya
Presentation on Real Estate (Regulation & Development) Act 2016 and its Draft Rules- Its Impact on Real Estate Developers and Consumers. It also Highlights Lacuna in the Legislation and its draft rules which needs serious consideration by Ministry of Law & Justice.
Real(i)ty 1.0 "RERA- A Game changer: Short term pain, but long term gain for ...Abhinav Jindal
Real Estate Centre of Excellence (RE-CoE) has been formed with an idea to disseminate Industry insights & share best market practices through periodic theme based newsletters and conducting lectures & panel discussions with various RE Industry experts.
Team RE-CoE, Edelweiss brings to you its maiden theme based newsletter Real(i)ty on the topic of Real Estate (Regulation and Development) Act.
Welcome your suggestions, comments and thoughts on - re.coe@edelweissfin.com
Maharashtra Real Estate and Regulatory Act 2016sameer313
This act is useful to consumer as well as builder or developer for purchasing as well as selling of flats.
also this act shows the penalties to developers under breaking the rules prescribed in act, also gives rights to consumer for their justice against builder.
This Presentation shows the places of appeal as a appellate tribunal and finally at high court.
In this presentation we discus about the impact of Rera ON INDIAN real estate, the law under the RERA as per the Central government, how to register complaint under RERA etc
What is a completion certificate and how to apply for it? As the name suggests, this certificate is granted after the completion of construction of your house or a group housing society. The certificate is issued when the property is ready to be moved in. Completion certificate is issued by the local development authority/Municipal Corporation.
The Real Estate (Regulation & Development) Act 2016 & its Draft RulesJash Vaidya
Presentation on Real Estate (Regulation & Development) Act 2016 and its Draft Rules- Its Impact on Real Estate Developers and Consumers. It also Highlights Lacuna in the Legislation and its draft rules which needs serious consideration by Ministry of Law & Justice.
Real(i)ty 1.0 "RERA- A Game changer: Short term pain, but long term gain for ...Abhinav Jindal
Real Estate Centre of Excellence (RE-CoE) has been formed with an idea to disseminate Industry insights & share best market practices through periodic theme based newsletters and conducting lectures & panel discussions with various RE Industry experts.
Team RE-CoE, Edelweiss brings to you its maiden theme based newsletter Real(i)ty on the topic of Real Estate (Regulation and Development) Act.
Welcome your suggestions, comments and thoughts on - re.coe@edelweissfin.com
Maharashtra Real Estate and Regulatory Act 2016sameer313
This act is useful to consumer as well as builder or developer for purchasing as well as selling of flats.
also this act shows the penalties to developers under breaking the rules prescribed in act, also gives rights to consumer for their justice against builder.
This Presentation shows the places of appeal as a appellate tribunal and finally at high court.
Before booking from any residential plots for sale in Bangalore, make sure the builder and project is registered with RERA. RERA is one absolutely important Act that has made a great impact on both realty developers and buyers.
Overview of Real Estate (Regulation & Development) ActAdmin SBS
Current Scenario- Construction Approvals
The promoters has to apply to Municipal Corporation town planning section for plan approvals
Municipal Corporation based on height and location ,will recommend to various committees like high rise committee etc,
The committee after checking with the compliance of existing GO and law ,will give permission for construction the apartments/ villas /individual units etc with validity period.
Once the project is completed, owner has to apply for Occupation Certificate ,The committee also checks the compliance of the construction with approved layout while sanctioning the occupations certificate
Occupations certificate confirms about the project is ready to move in and compliance with approvals and permissions obtained
The entire subject is state purview and even after RERA it will be under state purview . centre is not interfering in the above mechanism
There is no provision in the above mechanism to protect the interest of the customers regarding the completion of the project, proper legal title ,correctness of the areas , utilisation of the funds etc
The RERA is addressing the above concern more from the customer point of view , similarly in case customer are not paying as agreed it is providing the protection clauses to promoters also.
The Regulation and Development Act, 2016 & the Construction and Demolition Waste Management Rules, 2016 and its implications on Builders, Real Estate Agents, Developers, Ends Users etc.
Obligations of promoters, penalties under RERABhavya Haria
An article on Obligations or promoters, penalties and compounding of offences under RERA published in CVOCA News and Views July 2017 - by Advocate Bhavya Haria
The real estate sector has got its own regulator from May 1, 2017, the date when the Real Estate (Regulation and Development) Act, 2016 (RERA) became effective in the entire country. Each state and UT will have its own Regulatory Authority (RA) which will frame regulations and rules according to the Act.
How RERA Project Registration Promotes Transparency in the Real Estate Sector...Online Chartered
RERA project registration in Gujarat enhances the credibility and transparency of your project details. Register your project under RERA with the experts of Online Chartered.
RERA project registration in Gujarat enhances the credibility and transparency of your project details. Register your project under RERA with the experts of Online Chartered.
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
Elevating Tactical DDD Patterns Through Object CalisthenicsDorra BARTAGUIZ
After immersing yourself in the blue book and its red counterpart, attending DDD-focused conferences, and applying tactical patterns, you're left with a crucial question: How do I ensure my design is effective? Tactical patterns within Domain-Driven Design (DDD) serve as guiding principles for creating clear and manageable domain models. However, achieving success with these patterns requires additional guidance. Interestingly, we've observed that a set of constraints initially designed for training purposes remarkably aligns with effective pattern implementation, offering a more ‘mechanical’ approach. Let's explore together how Object Calisthenics can elevate the design of your tactical DDD patterns, offering concrete help for those venturing into DDD for the first time!
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
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- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
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Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
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Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
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Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
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UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
2. Real Estate and the housing sectors were highly unregulated
sectors
Lack of transparency in projects
No proper information about the builder
Lack of remedies available to the buyers
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3. The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks
to protect home-buyers as well as help boost investments in the real estate industry.
The bill was passed by the Rajya Sabha on 10th March, 2016
By the Lok Sabha on 15 March 2016.
The Act came into force from 1 May 2016 with 69 of 92 sections notified.
The Central and state governments are liable to notify the Rules under the Act within a statutory period of six
months.
Applicable to whole of India except Jammu and Kashmir
Real estate regulatory authority (RERA) is the governing authority.
The law is not Retrospective.
Introduction
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4. An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the Real
Estate sector.
To ensure transparency in projects.
To protect the interest of consumers in the Real Estate Sector and to establish an adjudicating
mechanism for speedy dispute redressal.
To provide proper information about the Builder.
PURPOSE
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5. SALIENT FEATURES
It establishes the State Real Estate Regulatory Authority for that particular state as the government
body to be approached for redressal of grievances against any builder. This will happen once every
state ratifies this Act and establishes a state authority on the lines set up in the law.
This law vests authority on the real estate regulator to govern both residential and commercial real
estate transactions.
This law makes it mandatory for developers to post all information on issues such as project plan,
layout, government approvals, land title status, sub-contractors to the project, schedule for completion
with the State Real Estate Regulatory Authority (RERA) and then in effect pass this information on to
the consumers.
The current practice of selling on the basis of ambiguous super built-up area for a real estate project
will come to a stop as this law makes it illegal. Carpet area has been clearly defined in the law.
The maximum jail term for a developer who violates the order of the appellate tribunal of the RERA is
three years with or without a fine. ExoticaHousing.in
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6. Currently, if a project is delayed, then the developer does not suffer in any way. Now, the law ensures
that any delay in project completion will make the developer liable to pay the same interest as the
EMI being paid by the consumer to the bank back to the consumer
The developer cannot make any changes to the plan that had been sold without the written consent of
the buyer.
This puts paid to a common and unpopular practice by developers to increase the cost of projects.
Lastly, every project measuring more than 500 square metres or more than eight apartments will
have to be registered with the RERA.
The law mandates every builder to keep 70% of collection from every project in Separate Bank
Account.
SALIENT FEATURES
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7. MAJOR PROVISIONS
The Major Provisions in the Act relates to following aspects:-
REGISTRATION
PROTECTION OF BUYERS
REAL ESTATE REGULATORY AUTHORITY AND
APPELLATE TRIBUNAL
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8. REGISTRATION
Who is liable to get Registration from RERA?
All commercial real estate projects where the land is over 500 square metres.
All residential real estate projects where the land is over 500 square meters or eight apartments, to register with
the Real Estate Regulatory Authority (RERA) for launching a project.
For on-going projects which have not received completion certificate on the date of commencement of the Act, will
have to seek registration within 3 months.
Real estate agents who facilitate selling or purchase of properties must take prior registration from RERA.
Such agents will be issued a single registration number for each State or Union Territory, which must be quoted by
the agent in every sale facilitated by him.
• What is the Process of Registration?
Applicant has to file an application for registration with RERA in prescribed form along with prescribed fees and
documents.
Application for registration must be either approved or rejected within a period of 30 days from the date of
application by the RERA.
On successful registration, the promoter of the project will be provided with a registration number, a login id and
password for the applicants to fill up essential details on the website of the RERA.
What is the penalty for failure to get register?
A penalty of up to 10 percent of the project cost or three years' imprisonment may be imposed.ExoticaHousing.in
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9. REGISTRATION
4. Consequence
1. Debar the promoters from accessing
the its website in relation to that project
2. Specifying his name in list of defaulters
3. Display his photograph on its website
and inform the other RERA.
4. Direct the bank to freeze the account
1. Time limit for registration
For ongoing Projects – 3 months from
commencement of this Act
For new projects - 30 days
3. Revocation
1. On complaint
2. Suo moto
Where promoters makes default or
violates any terms or conditions of the
approval or promoters involved in any
kind of unfair practice.
2. Exceptions
1. Area of land < 500 Sq. Meters
2. No. Of apartments < 8
3.In case of Renovation/ Repair/Re-
development
Registration
Regulations are into force now
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10. PROTECTION OF BUYERS
The Act prohibits unaccounted money from being pumped into the sector.
As now, 70 per cent of the money has to be deposited in bank accounts through
cheques.
A major benefit for consumers included in the Act is that builders will have to
quote prices based on carpet area and not super built-up area
Carpet area has been clearly defined in the Act to include usable spaces like
kitchen and toilets.
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11. REAL ESTATE REGULATORY
AUTHORITY AND APPELLATE TRIBUNAL
Establishment of State-level Real Estate Regulatory Authorities (RERAs) to regulate
transactions related to both residential and commercial projects
RERAs will ensure timely completion and handover of projects.
Appellate Tribunals will now be required to adjudicate cases in 60 days as against the
earlier provision of 90 days
Regulatory Authorities has to dispose of complaints in 60 days while no time frame was
indicated in earlier Bill.
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12. Hits & Misses of Real Estate Act
HITS
• Increased assertion on the timely completion of
projects and delivery to the consumer.
• A step towards safeguarding their investment,
as 70 per cent of the sales receipt will now be
locked in an escrow account.
• An increase in the quality of construction due
to a defect liability period of five years.
• Balanced builder-buyer agreements.
• Faster dispute resolution mechanism through
dispute settlement forums and appellate
tribunal.
• Sale on the carpet area to help improve
transparency.
• An increasingly-regulated broker environment.
• Greater visibility into the developer’s delivery
track record.
MISSES
• The timelines of approvals by regulatory
authorities have not been defined. Any delay
in approvals from regulatory authorities could
impact buyers as well.
• The Bill may lead to slightly higher prices of
properties due to the reduced competition.
• New project launches might be limited as
developers may not be able to launch without
obtaining approvals, which could take two to
three years.
For Consumers
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13. Hits & Misses of Real Estate Act
HITS
• Increased scope for eliminating casual
operators, leading to the better organization
of the sector.
• Minimum standards of governance and
accountability have now been set to an
extent, and there’s potential for driving
standardization and professionalism in the
sector.
• Greater visibility into the developers’ delivery
performances, segregating the established
and casual operators.
• Higher investment in the sector and a
possible reduction in the cost of funds,
leading to a lowered cost for the end users.
MISSES
• An additional layer of approvals may be
introduced against the extended list of
approvals already required for projects.
• No provision to rationalize the number of
approvals required for a project or expedite
approvals through a single window
mechanism.
• Increased reliance on external capital to
achieve high growth.
• Possible impact on joint venture
arrangements.
• Potential delay in cash-flow realizations from
projects.
For Developers
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14. Drivers and Growth for Real Estate
and Construction
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18. Overview of India Infrastructure
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19. Special Economic Zones
OBJECTIVES
Promotion of
investments from
domestic and foreign
sources.
Creation of
employment
opportunities.
Development of
infrastructure facilities
in the country.
Generation of
additional economic
activities.
Promotion of exports
of goods and services.
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20. Govt. Initiatives and Policy
There has been a
drastic curtailment
in restrictive
policies such as
the Urban Land
Ceiling and
Regulation Act.
Reforms in the
Integrated
Township Policy.
Liberalization of
FDI rules and the
emergence of real
estate funds.
Range of
Government
benefits &
incentives
including
residential tax
breaks and the
Special Economic
Zones.
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21. Major Players in Real Estate Sector
THE
BIG
FIVE
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22. DLF Group Founded in 1946
DLF Group is one of the biggest real estate giants
Built many high-quality buildings across the country, specifically in
Gurgaon
Tied up with Hilton Group to build whopping 100 hotels in India over the
next few years.
In current expansion plans, DLF has over 425 million sq. ft. of
development across its businesses, including developed, on-going and
planned projects.
Spread over 32 cities, mostly in metros and key urban areas across India
Financials of DLF
DLF is the market leader in this sector with net profit of 1547 cr.
It was way lower than its last year profit by more than 1000 cr.
It was well supported by the timely launch of IPL.
The share of this co. touched the all time high of 1227 in dec. 2007 which
was just 6 months after its issue and now trading at 337.
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23. ANSALS Founded by Lala Chiranji Lal Ansal
By far most dominant activity of Ansals has been Real Estate Promotion & Development
company has several landmark high-rise commercial building like Statesman House,
Ambadeep, Antriksh Bhawan, Tolstoy House, Indra Prakash, Navrang House and Ansal
Bhawan
Ansals have also completed several residential buildings like Gauri Sadan, Upasana at
Hailey Road & Dhawan Deep at Jantar Mantar road, all in the heart of New Delhi at
Connaught Place.
There is the most prestigious “Ansal Plaza” Shopping Mall associated with its work
Also it has made elite townships, Sushant Lok and Palam Vihar in Gurgaon and several other
places all over the country.
Financials Of Ansals API
Their profit declined by 81.24% in the last financial year over the last year.
This is one of the badly hit company by the economic slowdown.
569 is the all time high of this company in 2006 and now trading at just 10% of its all time
high.
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24. Parsavnath Developers
• It was incorporated on July 24, 1990 under the
Companies Act, 1956 as Parsvnath Developers
Limited.
• With more than two decades of experience in its
repertoire, the group has already stamped its
presence already in seventeen states and going
Pan – India.
• It has made various developments in areas like
GURGAON, Noida, South Delhi.
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25. Unitech Group
Plans to invest US$ 720 million in building hotels in the country
Its partner for this venture is Marriott International.
Carved a niche for itself in India with its sprawling properties and projects
in Bangalore, Gurgaon, Noida, Greater Noida and Kolkata
Unitech Group took over projects in International areas as well.
Actively involved in construction projects of power plants, expressways,
highways, transmission lines, classrooms, amusement parks.
Radisson Hotel, New Delhi has won accolades for its wonderful
infrastructure, astounding interiors, ideal location and extra ordinary
facilities for the distinguished customers.
Rohini Amusement Park is also a creation of Unitech Group.
The commercial complexes like Global Business Park, Signature Towers,
Unitech Business Park and Unitech Trade Center and the launch of
Millennium Plaza & Infocenter in Gurgaon have made Unitech Builder
earn a good reputation in the industry.
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26. K.Raheja Raheja Developers Limited, (RDL), formerly Raheja Developers
Private Limited, is an Indian real estate development company with
its headquarters in Delhi, India.
K Raheja corp. has been the torch bearer of the green cause for the
real estate industry, dating back to 2007 when it signed an MOU
with CII –Green Building Council.
In 2008, Raheja Developers planned to build a Special Enterprise
Zone (SEZ) in Gurgaon at an estimated cost of $660M US.
The development was to be on a 255-acre (103 ha) site but the
project did not advance.
In a Gazette Notification of the Government of India on 29 January
2014 the Raheja SEZ was denotified, and the whole SEZ project
scrapped
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27. BARRIERS IN GROWTH OF REAL ESTATE
Skill Shortage.
Non Availability of Statistics.
Overvaluation of Property.
Highly Fragmented.
Lack of Transparency.
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28. IMPACT OF RECESSION ON REAL ESTATE
Incompletion of
previous
projects.
Bad Debts.
Less demand in
all segments.
Cash
starvation.
MEASURES TAKEN BY DLF
Launched
affordable
housing project.
Payment of short
term debt by
raising long term
debt.
Terminated
projects with
long gestation
period.
Sale of
properties for
liquidity
preservation.
Cost reduction
through tight
cash flow.
MEASURES TAKEN BY UNITECH
QIP issuance to reduce debt.
Reduced promoter’s stake from 64% to 51%.
Increased confidence with customers on project
delivery.
Major Strategic restructuring.
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29. IMPACT OF BUDGET
Overall Impact considered to be marginally positive.
Infrastructure investment to be raised over 9% of GDP.
Funding pressure on construction companies to be eased by PPP.
PPP infrastructure projects to be refinanced upto 60% through IIFCL.
Rs 39.7 billion allocated for rural housing schemes.
Focus on providing housing to people of economic weaker section & lower income
group.
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31. Compounding of Offence Advisory role
Drafting of Various
Documents
Opening of Bank
Accounts & Deposits
Status Report of
Every Project
Registration
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32. As per Section 56 of the act, a Company Secretary holding certificate of practice
has a can appear on behalf of applicant or appellant before Appellate Tribunal or a
Regulatory Authority or Adjudicating Officer as the case may be.
Hence a Company Secretary holding certificate of practice can –
Represent a person (promoter) before any real estate regulatory authority for
registration of real estate project,
Represent a person before real estate appellate tribunal.
Represent a person before any other competent authority for any other
purpose under Real Estate (Regulation and Development) Act, 2016.
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33. The passing of Real Estate (Regulation and Development) Bill, 2016 has
opened a new opportunity for Company Secretaries holding Certificate of
Practice in terms of consultancy services.
By becoming an expert in the act he can indulge in providing advice in
respect of -
a. Various applicable provision on particular real estate project;
b. Registration and extension procedure of real estate project with
competent authority;
c. Various obligation, functions and duties of promoter in a real estate
project;
d. Penal Provisions under the act.
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34. A Company Secretary holding certificate of practice as well a Company
Secretary in employment in Promoter Company can assist a Promoter in
registration of real estate project with the real estate Regulatory Authority
established under the act.
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35. Close to $7 billion to $8 billion of venture capital expected to flow into Indian
real estate market.
A significant increase in project execution through Public- Private-Partnerships.
More demand for office and industrial space.
Current levels of investments in infrastructure are not sufficient to bridge the
gap between demand and supply.
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