Real estate law has 'serious anomalies',can stifle growth: KP Singh, chairman, DLF

NEW DELHI: Realty major DLF Chairman K P Singh has said there are some "serious anomalies" in the real estate regulatory law, such as no provision for single-window approval system, which pose a grave concern for the developers and can stifle growth, like in 1960-70s.

Addressing the shareholders at the company's AGM yesterday, Singh also said the passage of the Real Estate Regulation Act (RERA) is a classic instance of a reform legislation that reflects the government's sincerity and commitment to bring about greater transparency in the real estate sector.

"However, while the intention is laudable, and RERA, will indeed be a game changer, there are some serious anomalies in the actual provisions of the new legislation which in my view pose certain grave concerns for developers and other risk- taking players in the real estate business," Singh was quoted as saying in a copy of the speech uploaded on BSE today.

Listing some concerns, Singh said there is no provision for single-window clearance of approvals, which is the single-most important requirement to cut red tape and delays.

"There is no clarity on the distinction between Occupancy Certificates and Completion Certificate; Unless land rates are based on books of accounts all costs incurred prior to starting of projects would not be added," he said.

"Joint venture agreements would be adversely impacted; The stipulation that sanctioned plans must be posted on websites would raise issues of Intellectual Property Rights," he added.

Singh said there are numerous other anomalies in the new law, which are "unmistakably weighted against the interests of developers".

However, he listed just a few of them in hope that the states would incorporate appropriate amendments and vitally required corrections at the time of framing of rules.

"Unless this is done, I am afraid RERA could dampen rather than unleash the entrepreneurial spirit in the real estate development.

"The country can ill-afford a situation akin to the 1960s and 1970s when punitive laws and restrictive policies stifled private sector growth and investment in housing sector and led to the serious mismatch between supply and demand for real estate products which have still not been able to bridge," Singh said.

Real Estate (Regulation and Development) Act, 2016 was passed by Parliament in March and the law came into force from May 1. The law seeks to protect consumers from fly-by-night operators.

This law seeks to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of properties in an efficient and transparent manner and protect the interest of consumers in the real estate sector.

All real estate projects have to be registered with the real estate regulatory authorities.
Source: http://bit.ly/2bLC1Rd
Another Information:http://bit.ly/2azAS05

Continue reading →

Lodha Codename Golden Tomorrow New Project in Mumbai

Lodha Palava Codename Golden Superb project with very well specification range in Mumbai city and golden creation of developer beautifully situated at Sister of  Palava city Mumbai. Your dream project of builder so that they have given everything to make this a heaven as placement that is being offered high range of BHK flats in your budget. Now when we talk about Sister of palava city is a good residential hub in Mumbai, every product that are significant in our daily life you have to no need to go other region, all about facilities available near this project, this place has separated super markets, shopping malls, hospitals and vegetables markets all thing is available. Your children will make future from the education in schools, public schools and colleges instituted among this region, stadium, tennis court, football area, Universities. Palava Golden Tomorrow is best for residency as infrastructure and also available in your budget price that is reasonable Price.

This is situated at central point of Mumbai city as connected with every region with great roads, highway and railway roots, and airport from that you can move fast from one region to another corner very easily. It’s a nearby the sarkari signal which is landmark and surrounded with way of greeneries that spread through your eyes can reach.  Lodha Golden Tomorrow  apartment has prepared after consulting with great team of well architect and master plan is made very carefully approved with authority of real estate, infra structure Design this project. How can say views of this project, what’s a amazing, It’s a heart touchable project in Major location Mumbai. Builder has uses every modern and latest technology top class amenities in this project and these are not else, has provided with hard work, knowledge and experience with honesty. 

Continue reading →

G Corp The Icon South Is The Supper Apartment in Bangalore

Bangalore is a well - Developed and highly terminus that attracts lots of property buyers towards it.
There are several residential projects available in this “Green Valley of India”. But few of them gain more

Recognition among people because of It innovative design, luxury features and awesome floor plans.
While speaking about G Corp the Icon South, It is our most outstanding and specialized upcoming project, which is situated in a prime location which is popularly known as Banashankari Stage, South Bangalore. The well connectivity off our project helps residents to reach their desired location with out facing any problem.

We have developed our housing project efficient architectural and superior floor plans. This particular resource helps us to bring magnificent housing venture with modern convenience and luxurious facilities. These specialized living opportunities allow people to obtain preposterous comfort and excellent lifestyle.

The exclusively designed Apartment creation offering 2 and 3 BHK Residential Flats with the all finest amenities. We are only using exceptional floor plan and designs that will going to help us to bring residential highly specious and spaces. Our exclusive residential Apartment really comes with wide array of awesome facilities that brings that bring people magnificent lifestyle.
This kind of unique features and specification makes our residential project magnificent. Banashankari III Sate, South Bangalore not only includes some attractive Specification, but also allows people the perpetuity pools and large sky lounge. We have constructed a sprawling and well – equipped clubhouse

On the ground floor. If you want to enjoy this unbelievable convenience, you can book our magnificent Apartment.

These Group is working from last long and making beautiful residential and Apartments in the city and there doing of work is excellence, G Corp the Icon South Price has industrialized very carefully and flats are available in your budget and investors will find future returns here.

To know more information in this video

Continue reading →

Godrej emerald Thane By Godrej Group

After a challenging working period of Monday to Friday at workplace, it would be ordinary if you aspect a peaceful and hassle-free weekend. While number of actions you can opt and indulge in, it would habitually need you to collapsible to long distances. Godrej Emerald habitually leaves persons with the judgment to contain on a well-deserved peacefulness. Everyone wants to make this weekend with family and friend at own home with full of amenities and facilities. AS concerned Thane city or nearby Thane a well planned residential concept is going to be take shape. This project Godrej emerald Thane By Godrej Group is such a right choice for buyers.

Spending a value time in all corners of your 2 or 3 BHK flats of Godrej Emerald Thane, will offer you the full chance to grape relax and unwind. Greenery outside of your window offer you a eye catching view, proper sunlight  and also supply you fresh air to make you healthy. The steam room helps to open up your airway, which helps in improving your breathing. 

So if you are making your mind to purchase residential option as 2 or 3 BHK in Thane, here is some remuneration you can enjoy from these facilities.

Modern Gymnasium
Steam, Spa & Sauna
Squash Court
Tennis / Basketball Court
Badminton Court
Jogging Track
Swimming Pool
Jacuzzi
Landscape Garden
Cycling Track

More details related to this upcoming luxury residential option is at http://bit.ly/2atzvCi

Continue reading →

Codename Five Rings upcoming Project Sarjapur

People love the shore and view of the see in Bangalore. And this reason people recommend the home at Sarjapur road location. In addition, if you get the opportunity to buy a dream home, then it will improve obviously.   Codename Five Rings is one of the prime locations of Bangalore Karnataka which is sea linked and has all amenities for the luxurious life.  And now a well-known Excel Dwellings of real estate business is giving you the good opportunity to buy your dream home which has the sea view and good connectivity too.  Sarjapur has bounded from the west side by the Arabian Sea with better connected western suburbs of the city.  Codename Five Rings Sarjapur has decided to launch their new venture Excel Dwellings. Right now pre-launch phase is going on and has good deals to fit your budget. This is the right time to buy your dream home at Bangalore location under the Excel Dwellings of the well-known construction company.    

This is all known that Excel Dwellings construction is one of the experienced builders in our country. In addition, this organization is serving our country from last 40 years and completed many milestone projects on time with world class quality. Codename Five Rings Sarjapur has introduced with kept in mind about the super luxurious space for people with see view advantage. This marvellous project has spread over the 101 acres land and has consisted of 30 story tower.  You could own this 2/3 bhk apartment yours which has the huge carpet area.  Apartment size is 391-1122 Sqft with special flooring and advanced technology fitted in each bathroom and kitchen. 

Continue reading →

Codename five rings is offering apartments below 50 lakhs

By Codename this well-known Project has considered with kept in mind for an essential of different family scope and budgets of investment. Codename five rings is offering the apartment from studio to 2BHK with bearing in mind all aspects of the luxurious requirement. Apartments are available at the lowest price just starting 43 lakhs onwards, and no doubt this offer is breaking the myths of people who think this price range always high. The master plan of Sarjapur project has designed under the supervision of the expert architects and design engineer team. Codename five rings project is offering the most open area with an extended lobby in apartments.  The project as many other features to convene you such as wide size windows, designer kitchen, Podium, and Green Park to bring close to nature. Project also offers the amenities of the luxurious life such as senior citizens personal place, sports court, swimming pool, facilitated clubhouse and much more plus points.  The project Codename five rings sarjapur Road has spread over the 100 acres land. And this 100 acres land has developing area and green parks that will bring you in relax mode impulsively.       

Included many plus points one of is that the Sarjapur Market zone is nearby the Codename five rings  project location and just a few steps away.  The Sarjapur market will make your shopping easy and fast because every single need clothing’s to cosmetics and supermarket to fresh vegetable are available easily.

ABOUT THE COMPANY:

This real estate company, at present is developing housing projects across 12 cities in India. This company established in the year 1990. Clover Mark ltd. is the first real estate company to have ISO certification in India. Clover Mark works composed with supposed associates in order to build landmark structures.

Codename Fiverings  Luxury Amenities:

This project is surrounded with lush Green Park along with surrounded concrete footpaths accessible for walking. The highlights of this project are 24 Hour backup plan, Wi-Fi and intercom, for security CCTV cameras, bugle alarm, lift, party lawns, Children's play region and Amphitheatre capacity. The landscape garden, Internet facilities, well planned parking zone 


Codename Provided some Details:
Type: 1/2 BHK, Size Ranging: 391-1122 Sqft.,
Project Location: Sarjapur, Bangalore
Land scape Area:202

Continue reading →

Brigade 7 Gardens Specific Overview in Bangalore

Brigade 7 Gardens is the new creation by the reputed real estate builder Brigade Group. The accomplished architecture this project is being completed by using the modern technologies and hence, it considered to be the most admirable. Brigade 7 Garden is providing 2/3/and 4 BHK flats and Apartments.

It is connected to all the points of interested located in and around Bangalore. Like Collages, Schools, University, Shopping malls, Kids School, the Railway Station, Metro, Bus Stand and More over the work place is nearby this location. Before making of this Beautiful Apartment the products which are used to create. Is the best quality of cement, bricks, and woods the iron road which has been taken by the Tata steel. For the flooring they have used beautiful marbles which has been bought from the state Rajasthan.

When you see the Apartment from the outside it has been decorated so well and from inside the flooring has been created so gorgeously they have given a lovely flower picture on the floor. As well as on the wall by the beautiful colors like yellow, light blue, light green, light pink they have made designed on wall so artistically and it looks so amazing and attractively.

Location

Brigade 7 Gardens is located at the very prime location Banashankri 6th stage of Bangalore and it is widely spread beyond wide acres having most charming lush greenery that is entirely spread all through your eyes can reach. When we talk about his Security system of Brigade 7 Garden is so high and well featured. The CCTV surveillance is there inside the Apartment highly security Guards in the Arena.

Amenities

• Basket Ball Court
• Club House
• Gymnasium
• Intercom
• Play Area
• Security
• Tennis Court
• Badminton Court
• Broadband Internet
• Community Hall
• Health Facilities
• Library
• Rain Water Harvesting
• Swimming Pool
• Bank/ATM
• Cafeteria
• Garden
• Indoor Games
• Maintenance Staff
• Recreation Facilities

Continue reading →