50x40 SOUTH FACING HOUSE PLAN

SOUTH FACING 50X40 SITE

THIS IS A 50X40 SOUTH FACING PROPERTY

EACH UNIT HAS
LIVING ROOM IN NORTH-EAST
KITCHEN IN SOUTH-EAST
MASTER BEDROOM IN SOUTH-WEST
BEDROOM IN NORTH-WEST
BATHROOM IN WEST
STAIRCASE IN SOUTH-EAST DIRECTION
COMPLETELY ACORDING TO VASTU.

GROUND FLOOR

1 UNITS OF 2 BHK
2 NOS SHOP
PARKING
LIVING ROOM
KITCHEN AND DINNING
BATHROOM

 FIRST FLOOR

2 UNIT OF 2BHK

LIVING ROOM
KITCHEN
DINNING ROOM
MASTER BEDROOM
BEDROOM
BATHROOM

 SECOND FLOOR

4 UNIT OF 1BHK

LIVING ROOM
KITCHEN
DINNING ROOM
MASTER BEDROOM
BEDROOM
BATHROOM




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GST ON HOUSING & BUSSINESS

GST: A step in right direction, implementation satisfactory, says CII survey

GST implementation led to increased efficiency for businesses by reducing their transportation time, on account of absence of state barriers, the report said.

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Indian industry considers the Goods and Services Tax (GST)a step in the right direction.

Indian industry considers the Goods and Services Tax (GST)a step in the right direction and a majority are satisfied with its overall implementation, the Confederation of Indian Industry (CII) said on Sunday citing its own survey.
Releasing a survey of over 200 businesses on the first anniversary of the roll out of
of GST, CII said that 83 per cent of respondents saw the new indirect tax regime a step in the right direction and 65 percent are satisfied with its overall implementation, despite some teething problems.

“A year into the implementation of GST, there is great optimism among businesses about the impact of GST on the economy. Satisfaction was high across the spectrum on GST implementation issues as well,” a CII statement said.
GST implementation led to increased efficiency for businesses by reducing their transportation time, on account of absence of state barriers, the report said.
“GST has had a moderating impact on retail price inflation, which may have risen to higher level without the new tax regime,” CII Director General Chandrajit Banerjee said in the statement.
One-third of the survey respondents witnessed a downward movement in the wholesale prices of their supplies, while nearly 30 percent saw a fall in the retail prices of supplies. A majority of respondents witnessed no change in their supply prices.
“The survey also indicates a positive impact of GST on employment as well as on the demand for goods and services. Given that it is the biggest tax reform of independent India, one must compliment the government on its efficient and transparent administration despite some ‘teething problems’,” Banerjee said.
On product coverage under GST, a majority of 87 per cent of respondents said the products manufactured by them have been listed or classified under GST, and were largely satisfied with the tax rates and the exemptions provided on the supply of goods and services.
According to the report, many businesses reported satisfaction with the process for payment of taxes and interest under the GST and felt that the maintenance of records is also simpler.
Respondents also showed a high level of comfort with the provisions on valuation.
“The survey has confirmed the fact that filing of returns and payment of tax is much easier and simpler under the new regime, as also the maintenance of records,” Banerjee said.
Regarding demand, 78 per cent of the respondents witnessed either an increase, or no change, in the demand for goods post-GST implementation, while the same figure was 90 per cent for services.
The survey was based on responses from over 200 firms of different sizes, with 46 per cent having an annual turnover of over Rs 100 crore, 29 per cent with a turnover between Rs 5 crore to Rs 100 crore, 11 percent have a turnover of between Rs 1.5 crore to Rs 5 crore and 13 per cent are with a turnover of less than Rs 1.5 crore.
At an event here earlier on Sunday, Finance Secretary Hasmukh announced that the GST revenue collection in June at Rs 95,610 crore was higher than the average monthly collection of Rs 89,885 crore during 2017-18.
The collection in May amounted to Rs 94,016 crore.

REAL ESTATE REGULARATY & DEVELOPMENT ACT (RERA)

REAL ESTATE REGULARATY & DEVELOPMENT ACT (RERA)

Real Estate Act

Improve the perception of the sector among various stakeholders

Uniform regulatory environment

COMMERCIAL and  RESIDENTIAL projects including  PLOTTED DEVELOPMENT

RESIDENTIAL projects including  PLOTTED DEVELOPMENT

Land under development MORE THAN 500 SQ MTS / NO. of UNITS exceeds  8

Projects which do not have COMPLITION CERTIFICATE before  commencement of ACT

RENOVATION or REPAIR or REDEVELOPMENT projects not involving Marketing, Advertising, Selling & New Allotment NEED NOT BE REGISTERERD

Financial Maters

70% of the funds collected from allottees  needs to be parked in the project account

Withdrawals to cover construction and  land cost

In proportion to the % completion method

Withdrawals to be certified by Engineer, Artichect , and CA

Provision for RERA  to freeze project bank account upon noncompliance

Projects Account  to be Audited / FY . Copy to be submitted  to RERA

Provision for stronger  financial penalties  for RERA  noncompliance

Interest  on delay will be  same for  customer and promoter

Promoter to compensate  buyer for incorrect  statement  with  full rerun of  property cost  with interest

Transparency Details

Number, type & carpet area of apartments

Consent from affected allottees for any major addition or alteration

Consent of 2/3rd allottees for any other addition or alteration

No false statements or commitments in advertisement

Quarterly updating RERA website with details such as unsold inventory & pending approvals

No arbitrary cancellation of units by promoter

Project complition time frame

Informing allottees for any minor addition or alteration

No Launch or advertisement before registration with RERA

Consent of 2/3rd allottees for transferring majority rights to 3rd party

Accountability

Quarterly update of  project progress along with  pending approvals  on RERA website

Every office of the company , who as in charge or responsible  will be liable for the conduct of the company and deemed guilty

Offence by an officer committed with the consent or connivance of any director , manager , secretary or other officer of the company  , will also  be guilty

Authenticated copy of all approvals, commencement certificate, sanctioned plan, layout plan of development work, proposed facilities, proforma allotment letter, agreement for sale & conveyance deed to be given when applying for project registration with RERA

Registrations of brokers/agents with RERA

Timely updating of RERA website

Maximum 1 year extension in case of delay due to no fault of developer

Annual audit of projects account by a CA

Dispute resolution within 6 months at RERA and FERA (Foreign Exchange Regulation Act) appellate rebalance

Developers to share details of projects launched in last 5 years with status and reason for delay with RERA

Conveyance deed for common area in favor of RWA

Mandatory registration of new and existing  projects with RERA  before launch

Separate registration of different phases of a single projects

Construction and land title insurance

Project completion time period