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Real Estate Bill will shake up the realty Industry reports India Ratings Business Articles | April 12 Rasheem Green Youth Jersey , 2016

The reports of India ratings and research convey that India Real Estate Bill will shake up the realty industry. This bill has given transparency in the complete process of real estate industry. It also locks the amount of the project, it means the builder will not be able to utilize one projects amount to any other project. This will in turn reduce the project delays and indulgence of black money in the construction. The bill has also reduced the interest ‘keeping home for all’ scheme in mind. Thus, it clearly indicates how beneficial this bill is for the consumer and how it is blowing the minds of real estate goons.



The real estate regulatory bill has been passed in both the houses of Parliament. The bill has been intended to be brought and implemented to protect the common consumers and prevent the consumers from being exploited. This also attempts to bring transparency. But on an overall basis the trend watchers feel that the bill is too stringent and will be a factor to shake up the not so big and stable developers and builders.


In the next three months the regulatory bill will be in place and will be implemented and it is imminent that a huge part of the real estate sector of India will be shaken. This was forecast by India Ratings and Research. The bill and the Regulatory authority (RERA) won’t allow any developer to launch any new project without getting all the approvals and the builder will have to deposit 70 percent of the sale proceeds in an escrow account once this RERA is implemented. The research firm, India Ratings and Research cautioned that this will most likely to impact the liquidity of the realty players in the short term period.


There will certainly be a pressure on the developers to gather more funds either in debt or equity. The firm opined that the organized players of the real estate sector will have access to varied fund sources like loans from the banks Frank Clark Youth Jersey , non-banking finance companies, private equity, structured debt capital and non-convertible debentures. Thus it is most likely that they will tide over the crunch of liquidity through the raising of the debt and the cost of such borrowed capital will eventually result in weaker credit profiles in the short term duration.


The new regulations prohibit the sale of the projects or the apartments without due registration with the concerned Real Estate Regulatory Authority. This requires that the real estate developer submits all the approvals and gets the Commencement Certificate which is an essential prerequisite.


Sales proceeds of the new projects are supposed to be the key source of cash flow and liquidity for the builders and developers. More tighter situations of liquidity could compel the builders to rely more on the projects done on joint ventures with land owners due to lower availability of extra and surplus cash for buying land, property Jarran Reed Youth Jersey , aprtments in BANGALORE, MUMBAI etc. said the research firm, India Ratings.


India Ratings also said that the provision of the bill for depositing 70 percent of the proceeds of the sale in a separate escrow account will impact developers with the new projects in the cities like Mumbai and the high end projects in the other cities. This is because the component of the land prices are much high than the construction cost in comparison.?


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About Shirdi


Shirdi, a distinguished and divine city in Maharashtra is famous for the stay and memories of Shri Sai Baba. The sacred environment and piece as contrast to metropolitan lifestyle Germain Ifedi Youth Jersey , allows pilgrims and tourists to spend quality time in the shed of Baba's blessed land.


Udi


It is well-known that Baba took Dakshina from all, and out of the amount thus collected, He spent a lot on charity and purchased fuel with the balance left with Him. This fuel He threw in the Dhuni - the sacred fire, which he kept ever burning. The ash from this fire was called Udi and it was freely distributed to the devotees at the time of their departure from Shirdi.


Baba taught by His Udi that all the visible phenomena in the universe are as transient as the ash. Our bodies composed of wood or matter of the five elements Shaquill Griffin Youth Jersey , will fall down, after all their enjoyments are over, and be reduced to ashes. In order to remind the devotees of the fact that their bodies will be reduced to ashes, Baba distributed Udi to them. Baba also taught by the Udi that the Brahman is the only Reality and the universe is ephemeral and that no one in this world Ethan Pocic Youth Jersey , be he a son, father or wife, is really ours.


We come here (in this world) alone and we have to go out alone. It was found and is even now found out, that the Udi cured many physical and mental maladies Michael Dickson Youth Jersey , but Baba wanted to din into the devotee's ears the principles of discrimination between the Unreal and the Real, non-attachment for the Unreal, by His Udi and Dakshina. The former (Udi) taught us discrimination and the latter (Dakshina) taught us non-attachment. So Baba asked for and took Dakshina, and while the devotees took leave Will Dissly Youth Jersey , He gave Udi as Prasad, besmeared some of it on the Bhaktas' foreheads and placed His boon-conferring hand on their heads. When Baba was in a cheerful mood, He used to sing merrily. One such song was about Udi. The burden of the Udi song was this,"Oh Rashaad Penny Youth Jersey , playful Rama, come, come, and bring with you sacks of Udi." Baba used to sing in very clear and sweet tones.


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