Tag Archives: real estate in india

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List of approved projects and agents: Punjab RERA

The Punjab government had notified the Real Estate (Regulation and Development) Act (RERA) rules in 8th June 2017. The State government had appointed Navreet Singh Kang as the chairman of the regulatory authority for 5 years or until he attains the age of retirement, whichever is earlier.

The Punjab Real Estate Regulatory Authority has approved a total of 672 real estate projects across the state till now. As per the Punjab RERA website, a total of 1545 agents have registered under Punjab RERA and got RERA Certificate.

As of now, 145 projects project registration application are still pending for approval.

List of approved agents for Punjab RERA: Click here to view
List of approved projects for Punjab RERA: Click here to view

Irrespective of these proved projects/agents, RERA has also registered 318 complaints about several real estate projects as well.

Residential Projects in Chandigarh

Residential Projects in Amritsar

Residential Projects in Jalandhar

Residential Projects in Ludhiana

Residential Projects in Patiala

Residential Projects in Mohali

Punjab RERA Updates:

Punjab Rera goes undercover, finds builders in Zirakpur, New Chandigarh and Kharar selling properties without registration.

RERA-registered realty agents less than 5% in Punjab – Only 1545 real estate brokers have registered themselves with the authority.

Disclaimer: the data provided here is based on industry and news reports. CommonFloor will not be held legally responsible for any action taken based on the information provided.

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GST & RERA: The two things that brought a transit in the Indian Economy

Seventh Heaven Homes

GST & RERA: The two things that brought a transit in the Indian economy

Director-Santosh Dash

 

Mr. Santosh Dash, Director & Tapas Ranjan Parida, Associate Director, 7th Heaven Homes LLP are very optimistic about the inception of GST & RERA in the Indian Economy. Here are their views on the impact of GST & RERA in the Indian Economy especially in Real Estate Sector.

Associate Director- Tapas Ranjan Parida

The Goods And Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.
Real estate welcomed the thought process of the government on GST. The process has definitely aided homebuyers with 5%GST for New Launches/Luxury Homes and 1% for affordable segments.

Input tax credit which earlier was not being assigned to the buyers had created questions in the minds of the buyers but the implementation of new GST rates has brought about clarity which has resulted in a subtle increase in sales & rise of Real Estate in Bangalore.

Next comes the biggest revolution of the Reg Estate segment – RERA.

The Real Estate Regulatory Act was implied by the Indian Parliament to protect home buyers as well as help boost investments in the real estate industry.

Post the implementation of RERA there is an increase in trust factors for buyers while investing on a property. The impact of RERA has limited the number of new launches, guaranteed delivery date not abiding by which, a developer would have to pay a hefty penalty on being a defaulter. Also as only a RERA registered realtor is permitted to make a transaction, it assures a safety factor for the home buyer to rely on an agent.

With RERA implied on different states, a realtor gets an opportunity to sell products PAN India post his registration under RERA for the particular state.

Thus with rising in business, partners can work with the developers with different modules like an annual operating plan which can assure higher payout slabs and drive the increase in the number of sales.

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Treating Wastewater – STP

Sewage_Treatment_Plant

Treating Wastewater – STP

Water is one of the most essential necessities of life. As we all are aware, one of the most significant issues faced by the society now is the shortage of fresh water, thus, increasing the price of water, and limiting the usage of water to bare minimum and basic needs. With the rapid speed of urbanization in the country, the need for water also increased rapidly, but without the resources to meet the need. As of now, around 80 percent of the water used for domestic purposes, comes out as wastewater. But sadly, most of the wastewater is left untreated which results in pollution. This, if treated, could be used for flushing toilets and watering plants and several other uses. With today’s ever-evolving technology there are some of the ways water could be treated, helping us regain as much as reusable water as possible. One such process for treating water is STP- Sewage treatment plant.

Sewage treatment is the process of removing contaminants from wastewater and household sewage water. The sewage treatment plant, in short STP, processes are of two types – Anaerobic sewage treatment and Aerobic sewage treatment. But the most convenient process for small-scale treatment is the Aerobic sewage treatment. In this treatment process, aerobic bacteria are important, as they digest the pollutants. There must be a constant supply of air for the bacteria to colonize which could be achieved by surface or diffused aeration. The most modern aerobic sewage system uses natural air currents that do not need electricity or petrol or diesel to run motors for aeration.

Sewage treatment plant involves four stages – the preliminary treatment, the primary treatment, the secondary treatment, and the tertiary treatment. The conventional diagram of STP includes screening and grit removal from the wastewater in the preliminary stage. Sedimentation in the primary treatment follows the previous stage. In the secondary stage, activation of sludge or the trickling filter takes place. And in the last stage, the disinfection, nutrient removal, and solids removal occur. The whole process at the end results in treated water which is reusable.

Wastewater treatment should be highly emphasized not only in apartments but also hospitals, malls, restaurants, etc as it not only saves water by making water eligible to reuse but also stops the damage caused when wastewater is directly released into the environment. It is affordable and simple. It also increases the standard of living of the society. Sewage treatment is a one-time investment. It may cost around maybe fourteen lakh rupees for a 100 apartment community but it just takes 25 rupees per family per month to keep it running. The efforts, as well as the money, are all worth it, in the end.

At the moment it is necessary for all communities to think seriously and act on wastewater as the crises of water shortage is not going away anytime soon. Before we know it, India may become the next Flint (USA) or Cape Town. It is absolutely important to keep the future generations in mind while we progress.

Reference- http://www.crystaltanks.com/sewage_treatment_explained.html
https://economictimes.indiatimes.com/treating-wastewater-with-the-help-of-modern-technology/toshibashow_dp/55050324.cms

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Housing societies take it upon themselves to recycle

Recycling_of_Waste

Housing societies take it upon themselves to recycle

JK Rowling once said, “We are only as strong as we are united, as weak as we are divided.” The famous quote, along with other such phrases and idioms on unity, stand true in the world we live in. When people come together for or against a cause, the results are otherworldly. An excellent example of the effect is Matoshree Pearl Housing Society.

The 22-storied apartment complex in Mumbai houses 65 flats that come together to recycle and reuse the wastes from each home. Wherein the wet wastes, then, is used as manure for the 4,000 square feet terrace vegetable and ornamental garden.

The housing society’s green movement started three years ago when a collective decision was made by the management committee of Matoshree Pearl to use LED lighting instead of tube lights and CFL bulbs. A member of the group, Satish Kini shared, in an interview with The Better India, how he did not wish to stop there. Instead, he went on to find a solution for the friction between the society’s housekeeping staffs and local corporation workers by finding out the root cause—waste management. In a quest to find a way to be less dependent on the BMC (Brihanmumbai Municipal Corporation) for the disposal of garbage, Kini approached RUR Green Life—a social environment enterprise.

With RUR’s help along with support from the management committee, Kini launched a Go Green Campaign in October 2017, the aim of which was to educate the residents about segregating their kitchen wet wastes and turning them into compost. Despite the difficulties the society had to face in terms of infrastructure and implementing their Green plans, the inhabitants came together to fund the terrace garden. Utilizing RUR’s proprietary Bio-Composters and multi-level segregation of dry, recyclable, and non-recyclable wastes from each house, they have created a system that runs like a well-oiled machine.

Everyone in society has his or her part to play in the maintenance of the terrace garden. Children have the responsibility of individual patches distributed among them, and homemakers and the elderly help them with their task. To irrigate the plants effectively, the housing society utilized drip irrigation. The first phase of the terrace garden, however, was creating the manure out of the composters. Approximately, 60-70 kg of manure was produced in a month from 700-800 kg of kitchen waste. Once the compost was ready, the society started planting saplings of decorative plants. It was only later that Matoshree planted vegetables like tomatoes, cucumbers, etc.

All the hard work of the residents and housekeeping staffs, who were in charge of segregating the wastes, paid off when the society started harvesting a variety of vegetables. These veggies are, today, used by the inhabitants; saving money on groceries. However, their hard work benefits the BMC more, for they observed a reduction of 1000-1200 kg of wastes sent to the landfills around Mumbai. With other eco-friendly projects like solar energy production and sewage water treatment in the pipeline, Matoshree Pearl Housing society shows that unity can overcome any number of hurdles and achieve a greater effect.

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List of approved agents and projects – Rajasthan RERA

Rajasthan_Rera

Rajasthan is among the 3rd most active states in the implementation of RERA. Rajasthan RERA Rules have been notified and the website was launched on June 1, 2017.

The additional Chief Secretary of the Urban Development and Housing Department has been designated as the interim regulatory authority and the Food Safety Appellate Tribunal as the interim appellate tribunal by the State.

As many as, 868 ongoing projects have been successfully registered with the regulatory authority and 761 real estate agents/brokers have received the registration certificate under this act. Till date, the authority has resolved only 6 complaints.

List of approved agents for Rajasthan RERA: Click here to view

List of approved projects for Rajasthan RERA: Click here to view

Irrespective of these proved projects/agents, RERA has rejected several real estate projects as well.

Residential projects in Jaipur

Residential projects in Udaipur

Residential projects in Jodhpur

Residential projects in Barmer

Disclaimer: the data provided here is based on industry and news reports. CommonFloor will not be Legally responsible for any action taken based on the information provided.

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