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RERA is an Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority and the adjudicating officer and for matters connected therewith or incidental thereto. 1 lakh Real Estate Projects and more than 70,000 Agents across India have registered under RERA. Furthermore, RERA has disposed of more than 1,06,000 cases till date. All States and UTs have notified rules under RERA except Nagaland, which is under process to notify the rules. 32 States/UTs have set up Real Estate Regulatory Authority.
Alternative Real Estate – beyond Residential, Office and Malls covers the alternate use of Real Estate in the form of: • Co-Working • Co-Living • Student Housing • Senior Living • Warehousing • Data Centre • Metaverse and NFTs • REITs and Fractional Ownership • Industrial Parks • Cold Storage • Dark Godowns • Satellite Kitchen • Life Science
Insolvency is a state of financial distress in which a business or person is unable to pay their bills. It can lead to insolvency proceedings, in which legal action will be taken against insolvent person or entity, and assets may be liquidated to pay off outstanding debts. Whereas, Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency. Bankruptcy usually refers to Balance-sheet Insolvency wherein a person or company does not have enough assets to pay of all their debts. There could also be a Cash-flow insolvency wherein a person or company has enough assets to pay what is owed, but does not have enough liquid assets to pay a debt when it falls due. The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto. IBC is a major legal reform to speed up resolution of stressed assets in India and is applicable to Individuals, Partnerships, LLPs and Corporates. Authority decides insolvency application within 180 days and can also fast track process of 90 days extension available for specified entities. The Adjudicating Authority for Corporates is NCLT, for Individuals and Partnership firm it is DRT (Debt Recovery Tribunals) under the SARFAESI (The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) Act, 2002 and the RDB (The Recovery of Debts and Bankruptcy) Act, 1993. This books covers the Global Insolvency and Bankruptcy Norms, the Indian Code and focusses its impact on the Indian Real Estate Sector.
Mumbai is often referred to as the city of dreams for all Indians but the issue of dilapidated buildings haunts Mumbai. There are more than 16,000 buildings in Mumbai which are in dilapidated condition and need repair or reconstruction. About 8 lakh people stay in such buildings. 300 people have died since 2013 due to building collapses and more than 3,945 accidents have happened in last 6 years. Redevelopment and Self-Redevelopment are the only viable options for the owners, occupants and tenants of such buildings. There are around 4.8 Lakh housing units valued at Rupees 4.48 Lakh Crores stalled in Top Seven Cities as per Government of India. Majority of these projects are from MMR and NCR regions which account for 77% of these stalled projects. As of December 2021, MMR alone had about 1.34 Lakh housing units valued at Rupees 1.91 Lakh Crores stuck. Reviving these stalled projects is extremely important for all real estate stakeholders namely Customer, Financial Institution, more than 300 Ancillary Industries and Government. Initiatives like Special Window for Stalled Housing Projects and Stressed Asset funds like SWAMIH by SBICAP Ventures are steps in right direction.

FSI

Adv. Darsh Dharod, Dr. Adv. Harshul Savla

Published: 2023-12-11

Total Pages: 185


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FSI - A Development Tool book covers topics like: • Land and its Usage • Norms of FSI for Residential, Commercial, Malls, Social Infrastructure, Industries, Data Centre & IT / ITES • SEZ (Special Economic Zones) • Townships • SMART Cities • FSI & Environment (ESG) • Redevelopment • Types of FSI • Hyderabad: The Land of Unlimited FSI • How to Make Mumbai Great Again! • FSI: A Boon or Bane
Immerse yourself in the serene and evocative world of ""The Mountain Pool"" by Guy De Maupassant. This captivating short story centers on a picturesque mountain pool and the experiences of those who visit it. Maupassant’s narrative explores themes of nature, solitude, and reflection, capturing the tranquility and emotional resonance of the setting. De Maupassant masterfully evokes the beauty and stillness of the mountain pool, using it as a backdrop for deeper reflections on life and the human condition. The story invites readers to contemplate the connection between nature and personal introspection. ""The Mountain Pool"" is ideal for readers who enjoy stories that blend natural beauty with introspective themes. Perfect for those who appreciate Guy De Maupassant’s ability to create vivid and contemplative settings.
This definitive edition of Columbus's account of the voyage presents the most accurate printed version of his journal available to date. Unfortunately both Columbus's original manuscript, presented to Ferdinand and Isabella along with other evidence of his discoveries, and a single complete copy have been lost for centuries. The primary surviving record of the voyage-part quotation, part summary of the complete copy-is a transcription made by Bartolome de las Casas in the 1530s. This new edition of the Las Casas manuscript presents its entire contents-including notes, insertions, and canceled text-more accurately, completely, and graphically than any other Spanish text published so far. In addition, the new translation, which strives for readability and accuracy, appears on pages facing the Spanish, encouraging on-the- spot comparisons of the translation with the original. Study of the work is further facilitated by extensive notes, documenting differences between the editors' transcription and translation and those of other transcribers and translators and summarizing current research and debates on unanswered current research and debates on unanswered questions concerning the voyage. In addition to being the only edition in which Spanish and English are presented side by side, this edition includes the only concordance ever prepared for the Diario. Awaited by scholars, this new edition will help reduce the guesswork that has long plagued the study of Columbus's voyage. It may shed light on a number of issues related to Columbus's navigational methods and the identity of his landing places, issues whose resolution depend, at least in part, on an accurate transcription of the Diario. Containing day-by-day accounts of the voyage and the first sighting of land, of the first encounters with the native populations and the first appraisals of his islands explored, and of a suspenseful return voyage to Spain, the Diario provides a fascinating and useful account to historians, geographers, anthropologists, sailors, students, and anyone else interested in the discovery-or in a very good sea story. Oliver Dunn received the PH.D. degree from Cornell University. He is Professor Emeritus in Purdue University and a longtime student of Spanish and early history of Spanish America. James E. Kelley, Jr., received the M.A. degree from American University. A mathematician and computer and management consultant by vocation, for the past twenty years he has studied the history of European cartography and navigation in late-medieval times. Both are members of the Society for the History of Discoveries and have written extensively on the history of navigation and on Columbus's first voyage, Although they remain unconvinced of its conclusions, both were consultants to the National geographic Society's 1986 effort to establish Samana Cay as the site of Columbus's first landing.