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.
The Real Estate (Regulation and Development) Bill 2016 establishes a regulatory authority called the Real Estate Regulatory Authority (RERA) to regulate the real estate sector. Key aspects of the bill include compulsory registration of real estate projects and developers/agents with RERA, establishment of an escrow account where 70% of funds collected from customers must be deposited, and penalties for non-compliance including fines up to 10% of the project cost and imprisonment. The bill aims to improve transparency and protect home buyers.
REAL ESTATE REGULATORY AUTHORITY (RERA) ACT 2016Khyati Tewari
The document summarizes the Real Estate Regulatory Authority (RERA) Act of 2016 in India. It provides details on the timeline of the bill being introduced in 2013 and passed into law in 2016. Key points include mandatory registration of projects over 5000 sqm, disclosure requirements, escrow accounts, liability for builders, and rights for home buyers. While RERA aims to increase transparency and protect buyers, implementation depends on state governments who can modify rules. Overall, RERA seeks to regulate the real estate sector but challenges remain in coordinating with other agencies and fully addressing consumer concerns.
The document summarizes the key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. Some key points:
1) The Act establishes a regulatory authority called the Real Estate Regulatory Authority (RERA) to regulate real estate projects and protect homebuyer interests.
2) It mandates registration of real estate projects with the RERA. Developers must disclose project details and deposit 70% of funds in a separate escrow account to provide transparency.
3) The Act introduces measures like faster dispute resolution, restrictions on deposit collection to prevent fraud/delays, and penalties for non-compliance.
4) It aims to boost accountability, transparency and professionalism in the
Real(i)ty 1.0 "RERA- A Game changer: Short term pain, but long term gain for ...Abhinav Jindal
RERA is a landmark reform that will bring much needed transparency and accountability to the Indian real estate sector. It establishes regulations for real estate projects and agents/brokers and aims to protect homebuyer interests. While developers will face stricter compliance requirements, only organized players with established processes will be able to adapt. Financial institutions may see initial challenges but opportunities in the long run due to reduced risk. The real estate industry is undergoing significant changes with the implementation of RERA.
Impact of RERA 2016 on property markets - Sandeep JhunjhunwalaSandeep Jhunjhunwala
The document discusses the Real Estate (Regulation and Development) Act, 2016 and its impact on property markets in India. It provides an overview of the presentation, including the need for the Act, its structure and key sections. It outlines the Act's application to developers, real estate agents, allottees and regulatory authorities. Developers must now register projects with the Real Estate Regulatory Authority and comply with obligations around disclosures, funds usage and completion timelines.
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.
The Real Estate (Regulation and Development) Bill 2016 establishes a regulatory authority called the Real Estate Regulatory Authority (RERA) to regulate the real estate sector. Key aspects of the bill include compulsory registration of real estate projects and developers/agents with RERA, establishment of an escrow account where 70% of funds collected from customers must be deposited, and penalties for non-compliance including fines up to 10% of the project cost and imprisonment. The bill aims to improve transparency and protect home buyers.
REAL ESTATE REGULATORY AUTHORITY (RERA) ACT 2016Khyati Tewari
The document summarizes the Real Estate Regulatory Authority (RERA) Act of 2016 in India. It provides details on the timeline of the bill being introduced in 2013 and passed into law in 2016. Key points include mandatory registration of projects over 5000 sqm, disclosure requirements, escrow accounts, liability for builders, and rights for home buyers. While RERA aims to increase transparency and protect buyers, implementation depends on state governments who can modify rules. Overall, RERA seeks to regulate the real estate sector but challenges remain in coordinating with other agencies and fully addressing consumer concerns.
The document summarizes the key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. Some key points:
1) The Act establishes a regulatory authority called the Real Estate Regulatory Authority (RERA) to regulate real estate projects and protect homebuyer interests.
2) It mandates registration of real estate projects with the RERA. Developers must disclose project details and deposit 70% of funds in a separate escrow account to provide transparency.
3) The Act introduces measures like faster dispute resolution, restrictions on deposit collection to prevent fraud/delays, and penalties for non-compliance.
4) It aims to boost accountability, transparency and professionalism in the
Real(i)ty 1.0 "RERA- A Game changer: Short term pain, but long term gain for ...Abhinav Jindal
RERA is a landmark reform that will bring much needed transparency and accountability to the Indian real estate sector. It establishes regulations for real estate projects and agents/brokers and aims to protect homebuyer interests. While developers will face stricter compliance requirements, only organized players with established processes will be able to adapt. Financial institutions may see initial challenges but opportunities in the long run due to reduced risk. The real estate industry is undergoing significant changes with the implementation of RERA.
Impact of RERA 2016 on property markets - Sandeep JhunjhunwalaSandeep Jhunjhunwala
The document discusses the Real Estate (Regulation and Development) Act, 2016 and its impact on property markets in India. It provides an overview of the presentation, including the need for the Act, its structure and key sections. It outlines the Act's application to developers, real estate agents, allottees and regulatory authorities. Developers must now register projects with the Real Estate Regulatory Authority and comply with obligations around disclosures, funds usage and completion timelines.
Real Estate (Regulation and Development) Act, 2017CS Lokesh Shah
The document outlines the Real Estate (Regulation and Development) Act, 2017 in India. Some key points:
- The Act was passed by the Lok Sabha in March 2016 and most sections were notified and came into effect in May 2017.
- It establishes the Real Estate Regulatory Authority (RERA) to regulate and promote the real estate sector, ensuring transparent and efficient transactions.
- It defines provisions for registration of real estate projects and real estate agents. Promoters must make certain disclosures and deposit a portion of funds in a separate escrow account.
- It defines rights of allottees and obligations of promoters, such as handing over possession in a timely manner, obtaining all approvals, and
Impact of the Real Estate (Regulation and Development) Act, 2016 - Sandeep Jh...Sandeep Jhunjhunwala
The document is a presentation on the analysis and impact of the Real Estate (Regulation and Development) Act, 2016 in India. It provides an overview of the need for the act, its structure and key provisions. The act establishes a Real Estate Regulatory Authority in each state to regulate real estate projects and transactions. It impacts developers by requiring registration of projects with the authority and restricts use of funds collected from buyers. It also outlines various functions and duties of developers and rights of home buyers.
RERA will transform the real estate sector by increasing transparency and accountability. In the short term, real estate launches may decline as developers work to comply with new RERA and GST regulations. Prices may initially rise as unsold inventory is cleared, and supply will shrink as only compliant developers launch new projects. However, builders will adapt over time by launching projects in phases to avoid penalties and incorporating additional costs into prices. Overall, RERA will establish standards that improve consumer protection and confidence in the industry.
The Real Estate (Regulation and Development) Act was passed in 2016 to protect home buyers and boost investment in real estate. It establishes the Real Estate Regulatory Authority (RERA) and mandates that all residential and commercial projects register with RERA. Projects must disclose all details online and obtain registration to launch. The Act also prohibits opaque financing and requires prices to be quoted based on carpet area. It introduces penalties for project delays and changes from what was promised. [/SUMMARY]
RERA aims to increase transparency and protect home buyers in the real estate sector. It requires developers to register projects and disclose all relevant information to buyers. Key provisions for buyers include maintaining 70% of funds in separate escrow accounts, defining carpet areas, establishing resident welfare associations, and allowing refunds for delays or structural defects. RERA will impact builders by requiring greater financial strength and transparency, while real estate agents must register and disclose all project details to customers. Overall, RERA is expected to benefit the industry through increased regulation and transparency.
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 document summarizes key aspects of the Real Estate Regulation Act 2016 in India and its impact on the construction industry. Some key points:
- The Act establishes a regulatory authority called RERA to regulate the real estate sector and protect homebuyer interests.
- Project registration with RERA is required before sale or advertising, except for small projects. Registration requires disclosure of project details.
- RERA oversees project registration, revocation, and monitors use of funds collected from buyers. It can penalize promoters for non-compliance.
- The Act sets up an appellate tribunal and provides penalties for violations by promoters or buyers. It also outlines duties of developers like disclosing project details to
The Real Estate (Regulation and Development) Bill aims to protect homebuyers and bring greater transparency to the real estate sector. It was passed by the Rajya Sabha on March 10, 2016 and establishes state-level regulators called Real Estate Regulatory Authorities that will regulate real estate transactions and grade projects. The bill also requires 70% of funds from property purchases to be deposited in a separate escrow account to ensure timely project completion.
Real Estate (Regulation and Development) Act 2016Keyur Shah
The document discusses key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. It outlines the history of the legislation, its main objectives to regulate the real estate sector and protect consumer interests, basic features including project registration requirements, and details on obtaining project registration and maintaining the required website information. Only 13 states have so far notified rules to establish regulatory authorities to oversee implementation of the Act.
The document summarizes the key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. It establishes state level regulatory authorities to regulate the real estate sector and provide homebuyers protection. It mandates registration of real estate projects and agents. Developers must disclose all project details and maintain 70% of funds in separate accounts. The Act aims to boost transparency, accountability and boost investment in the sector.
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
The Real Estate (Development and Regulation) Bill, 2016Manish2305
The document discusses the key aspects of the Real Estate (Regulation and Development) Bill, 2016 in India. It outlines the reasons for introducing the bill, including ensuring timely delivery of projects and providing accurate project details to buyers. It summarizes the bill's provisions around mandatory registration of real estate projects, functions and obligations of promoters, rights of home buyers, and consequences for non-compliance. The document also notes some potential disadvantages of the bill, such as past projects not being covered and possible delays from government agencies in approving new projects.
THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016Narmdeshwar Singh
This is a presentation on the new Real Estate Act, 2016 which after a long 9 years came into force. It is considered to be consumer concentric Act enabling the consumers to enforce their rights smoothly under the law.
The document discusses key aspects and compliances related to the Real Estate (Regulation and Development) Act 2016 and related rules. It covers applicability of the Act, determining project phases, registration process, registration disclosures, qualifying projects and issues related to them, functions and powers of the Real Estate Regulatory Authority (RERA), and functions and duties of developers including the 70% fund deposit requirement.
The document discusses the key features of the Real Estate (Regulation and Development) Act 2016 in India. It establishes the Real Estate Regulatory Authority which will regulate real estate transactions and ensure timely completion of projects. Key features include developers having to register projects with the Authority, disclose all relevant information, use only carpet area for sale calculations, refund buyers if possession is delayed, and face penalties for non-compliance. The Act aims to boost the real estate sector and protect homebuyers.
REAL ESTATE(REGULATION AND DEVELOPMENT)ACT,2016Pawan Pathak
This document summarizes the key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. It establishes the Real Estate Regulatory Authority to regulate the real estate sector and protect consumer interests. It mandates the registration of real estate projects and outlines the functions and duties of promoters such as providing project details online. The rights and responsibilities of allottees and promoters are also defined. The Appellate Tribunal is established to hear appeals on orders of the Authority. Offenses and penalties for non-compliance are specified as well.
The document discusses key aspects of the Real Estate (Regulation And Development) Act, 2016 (RERA) in India, including:
1) Penalties and prosecutions under RERA for promoters, agents, and allottees for various offenses.
2) The role of Chartered Accountants in providing certifications required under RERA for project registration and withdrawals from escrow accounts.
3) Opportunities for Chartered Accountants in representing clients before RERA authorities, conducting required audits, and other advisory services.
The Real Estate (Regulating and Development) Act was passed in 2016 to bring transparency, efficiency and professionalism to the real estate sector by regulating residential and commercial projects over 500 sq meters and requiring registration of projects and real estate agents. The Act establishes a Real Estate Regulatory Authority and Appellate Tribunal to oversee developers and agents and handle consumer complaints, but some states have been slow to fully implement the law and certain provisions can be diluted at the state level. The legislation aims to protect consumers but may also increase costs and prices for home buyers.
Real Estate (Regulation and Development) Act, 2017CS Lokesh Shah
The document outlines the Real Estate (Regulation and Development) Act, 2017 in India. Some key points:
- The Act was passed by the Lok Sabha in March 2016 and most sections were notified and came into effect in May 2017.
- It establishes the Real Estate Regulatory Authority (RERA) to regulate and promote the real estate sector, ensuring transparent and efficient transactions.
- It defines provisions for registration of real estate projects and real estate agents. Promoters must make certain disclosures and deposit a portion of funds in a separate escrow account.
- It defines rights of allottees and obligations of promoters, such as handing over possession in a timely manner, obtaining all approvals, and
Impact of the Real Estate (Regulation and Development) Act, 2016 - Sandeep Jh...Sandeep Jhunjhunwala
The document is a presentation on the analysis and impact of the Real Estate (Regulation and Development) Act, 2016 in India. It provides an overview of the need for the act, its structure and key provisions. The act establishes a Real Estate Regulatory Authority in each state to regulate real estate projects and transactions. It impacts developers by requiring registration of projects with the authority and restricts use of funds collected from buyers. It also outlines various functions and duties of developers and rights of home buyers.
RERA will transform the real estate sector by increasing transparency and accountability. In the short term, real estate launches may decline as developers work to comply with new RERA and GST regulations. Prices may initially rise as unsold inventory is cleared, and supply will shrink as only compliant developers launch new projects. However, builders will adapt over time by launching projects in phases to avoid penalties and incorporating additional costs into prices. Overall, RERA will establish standards that improve consumer protection and confidence in the industry.
The Real Estate (Regulation and Development) Act was passed in 2016 to protect home buyers and boost investment in real estate. It establishes the Real Estate Regulatory Authority (RERA) and mandates that all residential and commercial projects register with RERA. Projects must disclose all details online and obtain registration to launch. The Act also prohibits opaque financing and requires prices to be quoted based on carpet area. It introduces penalties for project delays and changes from what was promised. [/SUMMARY]
RERA aims to increase transparency and protect home buyers in the real estate sector. It requires developers to register projects and disclose all relevant information to buyers. Key provisions for buyers include maintaining 70% of funds in separate escrow accounts, defining carpet areas, establishing resident welfare associations, and allowing refunds for delays or structural defects. RERA will impact builders by requiring greater financial strength and transparency, while real estate agents must register and disclose all project details to customers. Overall, RERA is expected to benefit the industry through increased regulation and transparency.
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 document summarizes key aspects of the Real Estate Regulation Act 2016 in India and its impact on the construction industry. Some key points:
- The Act establishes a regulatory authority called RERA to regulate the real estate sector and protect homebuyer interests.
- Project registration with RERA is required before sale or advertising, except for small projects. Registration requires disclosure of project details.
- RERA oversees project registration, revocation, and monitors use of funds collected from buyers. It can penalize promoters for non-compliance.
- The Act sets up an appellate tribunal and provides penalties for violations by promoters or buyers. It also outlines duties of developers like disclosing project details to
The Real Estate (Regulation and Development) Bill aims to protect homebuyers and bring greater transparency to the real estate sector. It was passed by the Rajya Sabha on March 10, 2016 and establishes state-level regulators called Real Estate Regulatory Authorities that will regulate real estate transactions and grade projects. The bill also requires 70% of funds from property purchases to be deposited in a separate escrow account to ensure timely project completion.
Real Estate (Regulation and Development) Act 2016Keyur Shah
The document discusses key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. It outlines the history of the legislation, its main objectives to regulate the real estate sector and protect consumer interests, basic features including project registration requirements, and details on obtaining project registration and maintaining the required website information. Only 13 states have so far notified rules to establish regulatory authorities to oversee implementation of the Act.
The document summarizes the key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. It establishes state level regulatory authorities to regulate the real estate sector and provide homebuyers protection. It mandates registration of real estate projects and agents. Developers must disclose all project details and maintain 70% of funds in separate accounts. The Act aims to boost transparency, accountability and boost investment in the sector.
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
The Real Estate (Development and Regulation) Bill, 2016Manish2305
The document discusses the key aspects of the Real Estate (Regulation and Development) Bill, 2016 in India. It outlines the reasons for introducing the bill, including ensuring timely delivery of projects and providing accurate project details to buyers. It summarizes the bill's provisions around mandatory registration of real estate projects, functions and obligations of promoters, rights of home buyers, and consequences for non-compliance. The document also notes some potential disadvantages of the bill, such as past projects not being covered and possible delays from government agencies in approving new projects.
THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016Narmdeshwar Singh
This is a presentation on the new Real Estate Act, 2016 which after a long 9 years came into force. It is considered to be consumer concentric Act enabling the consumers to enforce their rights smoothly under the law.
The document discusses key aspects and compliances related to the Real Estate (Regulation and Development) Act 2016 and related rules. It covers applicability of the Act, determining project phases, registration process, registration disclosures, qualifying projects and issues related to them, functions and powers of the Real Estate Regulatory Authority (RERA), and functions and duties of developers including the 70% fund deposit requirement.
The document discusses the key features of the Real Estate (Regulation and Development) Act 2016 in India. It establishes the Real Estate Regulatory Authority which will regulate real estate transactions and ensure timely completion of projects. Key features include developers having to register projects with the Authority, disclose all relevant information, use only carpet area for sale calculations, refund buyers if possession is delayed, and face penalties for non-compliance. The Act aims to boost the real estate sector and protect homebuyers.
REAL ESTATE(REGULATION AND DEVELOPMENT)ACT,2016Pawan Pathak
This document summarizes the key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. It establishes the Real Estate Regulatory Authority to regulate the real estate sector and protect consumer interests. It mandates the registration of real estate projects and outlines the functions and duties of promoters such as providing project details online. The rights and responsibilities of allottees and promoters are also defined. The Appellate Tribunal is established to hear appeals on orders of the Authority. Offenses and penalties for non-compliance are specified as well.
The document discusses key aspects of the Real Estate (Regulation And Development) Act, 2016 (RERA) in India, including:
1) Penalties and prosecutions under RERA for promoters, agents, and allottees for various offenses.
2) The role of Chartered Accountants in providing certifications required under RERA for project registration and withdrawals from escrow accounts.
3) Opportunities for Chartered Accountants in representing clients before RERA authorities, conducting required audits, and other advisory services.
The Real Estate (Regulating and Development) Act was passed in 2016 to bring transparency, efficiency and professionalism to the real estate sector by regulating residential and commercial projects over 500 sq meters and requiring registration of projects and real estate agents. The Act establishes a Real Estate Regulatory Authority and Appellate Tribunal to oversee developers and agents and handle consumer complaints, but some states have been slow to fully implement the law and certain provisions can be diluted at the state level. The legislation aims to protect consumers but may also increase costs and prices for home buyers.
Licensing for Real Estate Agents under RERA in India, procedures, documentation, fees and requisites. How to get and which authority will give, all the answers in the PPT.
This document provides 25 marketing ideas for real estate businesses, including using Google Places and online presence, writing compelling property listings, creating viral videos, developing a target market niche, using Google Adwords, leveraging Facebook, implementing drip email campaigns, producing email newsletters, taking video property tours, hosting open houses, giving seminars, sponsoring local events, sending postcards, blogging, utilizing Twitter, distributing door hangers, publishing white papers, having a Pinterest page, following social media tips, seeking local media coverage, making different video types, using banner ads cautiously, learning SEO fundamentals, and identifying top real estate keywords.
Simsari announces strategic partnership with Real Estate Regulatory Agency (R...Abdulla Al Nuaimi
Simsari announced a strategic partnership with the Real Estate Regulatory Agency (RERA) in Dubai across multiple publications in the UAE and pan-Arab regions between September 28-29, 2008. The partnership was reported in over 15 publications with circulations ranging from 20,000 to 118,667. Simsari would become RERA's technology partner and the agreement established an online presence for property listings and information.
This document provides information about Morison Menon, an auditing and consulting firm with offices across the UAE and in India, Qatar, and Oman. It details the firm's history and growth since 1999, including opening new offices. It introduces key partners and leaders within the firm and their backgrounds. It also outlines the firm's services which include audit and assurance, accounting outsourcing, payroll services, and more. The document promotes Morison Menon's expertise, experience, and ability to serve clients across industries in the Middle East.
This document provides information about Novus Community Management, including their vision, mission, services, experience, staff, and approach to community management. Novus is a subsidiary of PRDnationwide Middle East Real Estate and specializes in managing jointly owned properties in Dubai. They aim to create financially stable and socially harmonious communities. Novus offers a range of association management and facilities management services to residential, commercial, and mixed-use developments through a dedicated team of community managers, building managers, and support staff.
This document provides an overview and introduction to living in Dubai, United Arab Emirates. It includes sections on cultural customs, popular residential areas, housing options like apartments and villas, typical rental prices, and other essential information for relocating to Dubai such as schools, transportation, banking, and more. Popular residential areas mentioned include Dubai Marina, Jumeirah Beach Residence, Jumeirah Lake Towers, The Springs, The Lakes, Emirates Hills, Business Bay, Jebel Ali, The Palm Jumeirah, and Al Barsha. Rental prices provided range from 50,000 AED for a studio apartment to over 1,000,000 AED for villas on The
The document summarizes key aspects of the Real Estate (Regulation and Development) Bill, 2016 in India, including:
1) The objective of the bill is to establish a regulatory authority and appellate tribunal to promote transparency and protect consumer interests in the real estate sector.
2) It defines important terms like "real estate project", "promoter", "allottee", and "real estate agent".
3) A promoter must register projects with the regulatory authority, except small projects. They must maintain 70% of funds from buyers in a separate account for construction.
4) Real estate agents must also register and are barred from unfair trade practices like false representations.
5) The
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.
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
This document provides an overview of the real estate industry in India and discusses the impact of the Real Estate Regulatory Authority (RERA). It notes that the real estate sector contributes significantly to India's GDP and is expected to grow rapidly. It outlines key functions of RERA, such as requiring registration of real estate projects and regulating promoters and agents. The document also discusses investment trends in the industry and some major investments that have been made.
The document discusses a new Real Estate Regulatory Bill that was approved by the Indian cabinet. The bill aims to increase transparency in the real estate sector. It establishes a regulator for the industry and penalties like jail time for misleading advertisements. The bill benefits both developers and buyers by requiring disclosure of project details online. Key provisions include mandatory registration of projects and agents, restrictions on pre-launch sales, disclosure of documents like layouts and approvals, protections for funds paid by buyers, and refunds for delays in possession.
Ready to move flats in noida extension | ExoticaHousing.inExotica Housing
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.
The document summarizes a lecture given to civil engineering students about the Maharashtra Real Estate Regulatory Authority (MahaRERA) Act 2016. The key points covered in the lecture include an overview of the real estate sector laws in India, the need for the MahaRERA Act, its key definitions, provisions regarding registration of real estate projects and agents, obligations of promoters, and rights of allottees. The lecture aimed to provide an understanding of the important aspects of the new law regulating the real estate sector in Maharashtra.
CA Ravi R Thakker & Co. provides various finance, taxation, valuation, legal and compliance services to clients in Gujarat and Maharashtra. They analyze client needs carefully and provide customized solutions. Taxation of real estate transactions can be complex, but the introduction of GST provided more clarity on construction activities. There are various types of real estate transactions including joint ventures between landowners and developers, and different types of projects like affordable housing and residential/commercial. The document then outlines sample transaction flows under GST for different real estate project types including when the developer owns the land and when they enter a joint venture.
The document summarizes key provisions of a new real estate bill in India. It outlines regulations for project registration and disclosure, non-discrimination in property sales, escrow accounts for buyer deposits, pre-launch approvals, project size thresholds, penalties for misleading advertisements, and providing project status updates. Developers will have to register projects, disclose details, deposit most collections in escrow, obtain all approvals before pre-launch, and can face penalties or legal action for violations.
This document summarizes key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. It states that the Act aims to protect consumer interests in the real estate sector and ensure timely project delivery. It requires all ongoing and new real estate projects to register with regulatory authorities. Promoters must disclose project details and deposit 70% of funds in a separate escrow account for construction. A practicing company secretary can provide various advisory services related to the registration process and compliance with the Act.
The crucial decision of Homebuyers for successful execution of there dream pr...CA. (Dr.) Rajkumar Adukia
As the role of Builder in real estate projects is considered to be fundamental considering the fact that he is the one filling gap between investor's needs and successful projects, it is crucial for everyone dealing in real estate to be extra cautious to avoid any future difficulty.
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
This ppt is a comprehensive presentation on various aspects for the entities working in the construction domain. Starting from Tendering to Budgeting and going on to indirect tax aspects like VAT and service Tax.
The role of Chartered Accountants (CAs) under the Real Estate Regulatory Authority (RERA) includes:
1) Certifying withdrawal of money from designated project accounts for developers
2) Preparing annual reports on project accounts for statutory auditors
3) Verifying transactions in separate RERA bank accounts as directed by RERA
4) Acting as authorized representatives and providing other services to RERA authorities.
RERA aims to protect home buyers and boost real estate investments. It establishes regulatory authorities in each state to register real estate projects, require developers to deposit 70% of funds in escrow accounts, standardize sale agreements, and define carpet area. RERA is expected to increase transparency, reduce delays and diversions of funds, and provide dispute resolution mechanisms to help address issues faced by home buyers. While it increases compliance costs for developers initially, RERA is hoped to improve governance and accountability in the real estate sector over the long term.
This document proposes amendments to the unilateral agreement for the Ho'opili rezoning project in Honolulu. Key amendments include:
- Requiring 30% of units be affordable housing, with 10% for households below 80% AMI and 20% for households between 81-120% AMI.
- Allowing affordable units to be marketed to higher income households if not sold after initial marketing period.
- Requiring the developer to provide a 2-acre site for a new fire station.
- Clarifying requirements for transportation improvements, urban design plans, annual reporting, and consequences for noncompliance.
pre-launch project,ultra luxzurious offices space at corporate road,prahlad nagar ,ahmedabad . pls contact Alpesh gajjar for more details on 9377158284,8141238823.
This document outlines the details of a commercial real estate project including a 13 floor showroom and office building located in Ahmedabad, India. It provides information on payment plans, charges, taxes, possession timeline, and various terms and conditions. Key points include a 30% down payment with the remaining balance paid in 24 equal monthly installments, estimated possession in 24-30 months, and charges of Rs. 350/sqft for offices and Rs. 500/sqft for ground floor showrooms.
Anilesh Ahuja Pioneering a Paradigm Shift in Real Estate Success.pptxneilahuja668
Anilesh Ahuja journey is a testament to the power of vision, resilience, and unwavering determination. As a visionary leader, he continues to inspire and empower others to dream big and challenge the status quo. His legacy extends far beyond the realm of real estate, leaving an indelible mark on the industry and the world at large.
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
Living in an UBER World - June '24 Sales MeetingTom Blefko
June 2024 Lancaster County Sales Meeting for Berkshire Hathaway HomeServices Homesale Realty covering the following topics: 1. VA Suspends Buyer Agent Payment Plan (article), 2. Frequently Used Terms in title, 3. Zillow Showcase Overview, 4. QuickBuy commission promotion, 5. Documenting Cooperative Compensation, 6. NAR's Code of Ethics - Mass Media Solicitations, 7. Is it really cheaper to rent? 8. Do's and Don't's when Terminating the Agreement of Sale, 9. Living in an UBER World
Signature Global TITANIUM SPR | 3.5 & 4.5BHK High rise Apartments in Gurgaonglobalsignature2022
Signature Global TITANIUM SPR launched a high rise apartments in Gurgaon . In this project Signature Global offers 3.5 & 4.5 BHK high rise Apartment at sector 71 Gurgaon SPR Road. Signature Global Titanium SPR is IGBC Gold certified, a testament to our commitment to sustainability.
Listing Turkey - Piyalepasa Istanbul CatalogListing Turkey
We are working around the clock to transform a long-time dream into reality. As a result, Piyalepasa Istanbul will be the largest privately developed urban regeneration project in Turkey.
THE NEIGHBORHOOD WE HAVE BEEN LONGING FOR IS COMING TO LIFE
The good old days of the Piyalepasa neighborhood are being brought back to life with Piyalepasa Istanbul houses, residences, offices, hotels and a pedestrianized shopping avenue.
The wide streets of this 82.000 square meter development conveniently face the main boulevard in a prime Beyoglu location. “Piyalepaşa İstanbul” stands out as the only project designed to offer a neighborhood lifestyle, complete with its grocers, bagel sellers and greengrocer. Piyalepasa Istanbul has all the values to make it an authentic neighborhood, our very own community.
A NEIGHBORHOOD FULL OF LIFE, IN THE HEART OF THE CITY!
“Piyalepaşa İstanbul” is a “mixed-use” concept containing all the elements for a vibrant social life with houses, residences, offices, hotels and high street shopping.
“Piyalepaşa İstanbul” will take the liveliness of Istanbul into its heart. The elegant sparkle of Nisantasi, the young and colorful Besiktas, the variety and multicultural heritage of Istiklal Street will all be contained within the streets of this neighborhood.
“Piyalepaşa İstanbul” bears traces of the most beautiful examples of Turkish architecture from the Seljuks to the Ottomans and from Anatolia to Rumelia. With its graded facades, wide eaves, bay windows, pools, and interior courtyard systems, it offers a new living space without disrupting the city’s silhouette and neighborhood.
“Piyalepaşa İstanbul” is the new attraction of this splendid city.
TO BE AT THE CENTER OF ISTANBUL… THIS IS REAL LUXURY!
With its proximity to D-100 highway, connecting roads and tunnels, “Piyalepaşa İstanbul” is only minutes away from Kabatas, Besiktas, the Golden Horn and Karakoy.
“Piyalepaşa İstanbul” is close to the prestigious new Istanbul Court House, a major hospital, the Perpa trade center and the city’s most lively neighborhoods. With its shuttle service to Okmeydani Metrobus station, Sishane and the Court House subway stations, “Piyalepaşa İstanbul” will provide you with the most convenient transport connections.
https://listingturkey.com/property/piyalepasa-istanbul/
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Why is Revit MEP Outsourcing considered an as good option for construction pr...MarsBIM1
Outsourcing MEP modeling services require effective collaboration and coordination amongst multiple engineering trades. The engineers and the designers often change the details of the MEP projects, but the work of Revit MEP drafting services is having the master plan and model of the complete project. To have proper coordination and installation, there is a need to execute the project effectively. Hence, the work of Revit family creation facilitates the MEP engineers.
36,778 sq. ft. building; Zoning: SE (Suburban Employment): The (SE) District allows numerous commercial site uses; Passenger elevator; Private and common restrooms; Fully sprinkled; Data center with a grounded floor and a specialized HVAC system; 60 KVA back-up generator; Building/pylon signage; Potential to purchase adjacent parcels; Sale Price: $4,413,360
Andhra Pradesh, known for its strategic location on the southeastern coast of India, has emerged as a key player in India’s industrial landscape. Over the decades, the state has witnessed significant growth across various sectors,
1. Real
Estate
Regulation
Act
M A R K E T T H A T I S B O U N D T O W I T N E S S G R E A T E R T R A N S P A R E N C Y
A N D A C C O U N T A B I L I T Y F O R B U Y E R S I N 2 0 1 7
2. WHAT IS IT?
As SEBI is for
security
transactions.
RERA is for
property
transactions.
5. TO PARK FUNDS
70%
of the project funds will be parked in a
dedicated bank account so that no
other investments are made.
6. AND FOR THE
CONSUMER
Delay in project
completion will make
the developer liable
to pay the same
interest as the EMI
to the consumer.
7. AFTER SALES
SERVICE
For any deficiency in the
project, buyer can write to the
builder for after sales service
upto one year.
8. YOU GET WHAT
YOU PAY FOR
900SQF 3 RMS 2 BATHS
Developer cannot make
any changes to the plan
that had been sold with
-out the written
consent of the buyer.
9. WHAT IF?
The maximum jail term
for a developer for
violating the order of
the appellate tribunal
of the RERA is three
years with or without a
fine.