Upload
dangnhan
View
222
Download
5
Embed Size (px)
Citation preview
REAL ESTATE CUR
SUNILCMD, MANTR
RRENT SCENARIO
by
L MANTRI
y
RI REALTY LTD.
ND ACQUISITION BILL‐ 2013
AL ESTATE REGULATORY ACT
OEF AMMENDMENT
MEED CONVEYANCE
ORDABLE HOUSING POLICY
USTER REDEVELOPMENT
T
Land AcquisitLand Acquisittion Bill 2013tion Bill 2013
s a 120 year old laws a 120 year old law
ition of Public purpose wition of Public purpose w
lause which says rarest olause which says rarest o
on resettlement and reh
n acquisition of Multi cro
quate compensation to L
was loosely definedwas loosely defined.
f rare cases can be misintf rare cases can be misint
habilitation of those displp
op irrigated land
Land owner for acquisitio
uisition above 50 acres inuisition above 50 acres inas vate companies requires P requires 70% consent of
impensation Rural: Four times the maRural: Four times the maUrban: Twice the marketndatory Social Impact Anire compensation to be pabilitationabilitation
n urban and 100 acres inn urban and 100 acres in
80% consent of land ownf land owner
arket valuearket value t value alysis to be donepaid before evacuation
acquisition process to beacquisition process to be
ary method of fixing landary method of fixing land
tion in acquiring the entiq g
Impact Assessment for e
ilitation and resettlemen
es the need of Affordable
extremely lengthyextremely lengthy
acquisition rate acquisition rate
re multi crop landp
very acquisition
nt cost
housing
ateate
of Development would inof Development would in
ing prices will increaseg p
Project would delay
ct on Affordable housing
Development trend may
er FSI required for contain
ncreasencrease
pick up
ning real estate price
Locatio
ore Corridor Bangalore, Ka
mal Power Project Dhenkanal, O
roject byroject by Asansol, West
roject by Asansol WestAsansol, West
mical Hub Midnapur, WesMidnapur, Wes
ed Steel Project Paradip, Od
d Steel Project by Gadag, Karn
roject by Arcelor Bokaro, Jhar
Based Power Dhenkanal OC Dhenkanal, O
on Cost(Rs. Crore)(Rs. Crore)
arnataka 18,000
Odisha 12,000
t Bengal 22,000
t Bengal 20 000t Bengal 20,000
st Bengal NAst Bengal NA
disha 52,000
nataka 32,000
rkhand 25,000
Odisha 8 000Odisha 8,000
Real Estate RegulReal Estate Regullatory Act (RERAlatory Act (RERA
erty broker must obtain lierty broker must obtain li
tration of project more thtration of project more th
ales before project approvales before project approv
rate bank account for eac
etary penalties on delay
of property by 'carpet are
censecense
han 4000 Sq Mtrshan 4000 Sq. Mtrs.
val in placeval in place
ch projectp j
ea'
s on account of intermeds on account of intermed
try statustry status
Estate Brokerage standardEstate Brokerage standard
owering Architects for appg pp
ional mechanism above t
grant permissions and ap
actors liability
e window clearance
diaries regulators and othdiaries, regulators and oth
dizationdization
provalp
the existing plethora of a
provals
ateate
tantial escalate costs to htantial escalate costs to h
y the project cycley p j y
down in launches of new
home buyershome buyers
projects
ent Scenario onent Scenario on MOEF AmendmMOEF Amendm
cable for construction ab
se of township above 50
edure of getting EIA is 26
for clearing projects at c
orization at State level, b
Hi h i id li ffHighrise guidelines affect
bove 20000 Sq. Mtr.
Hectare and 1.5 Lacs BUA
month.
entral and state level to r
ut time for approval rem
i jting projects.
Mumbai Airport – Mangrop g
rn free way project
ai Trans Harbour Link
phase II
h Housing society
project in costal area
oves
uidelines for State Gover
klist
onment officer at individ
ms as per city demand and
ntive and concession for G
i i iging environment norms i
nment and approving au
ual Municipal bodies
d geographical condition
Green Construction
i b ildi lin building approval
Deemed CoDeemed Coonveyanceonveyance
sfer of Property Act’ and
nded.
i f d fi i dction of deficit stamp dut
tion pendingtion pending
tamp duty as applicable atamp duty as applicable a
party right or internal diparty right or internal di
tments that possess unsop
response from flat owne
factor
‘Indian registration Act’
i h i f ities on chain of transacti
at the relevant time of reat the relevant time of re
sputespute
old inventoryy
er of old societies due to c
Affordable HoAffordable Hoousing Policyousing Policy
ts
cable on construction ab
flats reserved for EWS
l ld i 20%loper would receive 20%
me to create more housinme to create more housin
f affordable housing needf affordable housing need
DA has right to accept or
DA d ll fl dDA does not allot flats du
ove 1 acre Land
i i SI incentive FSI
ng for MHADAng for MHADA
ds to be procured firstds to be procured first
r decline Purchase in 3 mo
i iuring construction
Cluster RedeCluster Redeevelopmentevelopment
ts
to be provided for integr
cable to other cities in M
h l d ler the cluster redevelopm
idual ownersidual owners.
rated development
MMR
l ill b h flment, larger will be the fla
REREEITEIT
ts
mum size of assets propo
mum investment size is R
l f I hvalue of REIT assets shou
nt and agricultural lands ant and agricultural lands a
t Liquidation to Developet Liquidation to Develope
ges to Investor
t t i k i di ifi dtment risk is diversified
tor free from hassle of butor free from hassle of bu
osed is Rs 1,000 crore
Rs 2 lakh
ld b i duld be in ready property
are kept outare kept out
erer
uying and maintaining pruying and maintaining pr
THANKK YOU