Latest Answer: According to the news sources:The commercial tax officials argued before the court that the benefit of composition under the Act is confined only to those dealers, who first construct and then sell residential apartments, and not to those who commence construction, execute a registered deed for the sale of a semi-finished structure, and thereafter complete construction of the apartments. After perusing the provisions of the Act and contentions of the petitioners and the authorities, the bench held that the contentions of the authorities are not tenable.
Latest Answer: Hi Mr Khan,
City Master Plan should only be notified if it has all statutory approvals like change in land use, environment clearance, mining, maximum height from AAI etc so that the developer is able to start the work in minimum possible time. Delays in providing supportive infrastructure and timely approvals by the development authority causes delay in delivery of project, but the Regulatory Bill proposes to penalise only the developer.
