Under Pradhan Mantri Awas Yojana Gramin PMAY(G) Center for construction of 50 lakh houses in rural areas

Recently, the government said that by March 31, more than 50 lakh houses in rural areas across the country will be constructed for the poor as part of a central scheme that will bring social change in the villages.

A target was set to construct one crore new houses by 31 March 2019 under the PradhanMantri Awas Yojana - Rural PMAY (G). Of these, 51 lakh houses were to be completed by 31 March 2018, the Ministry of Rural Development said in an official statement.

The Ministry of Rural Development said in an official statement that under the Pradhan Mantri Awas Yojana (Rural), a target was set to build one crore new houses by 31 March 2019. Out of which 51 lakh houses were to be completed by 31 March 2018.

After its launch in 2016, it took some time to complete the process of beneficiary registration, geo-tagging, account verification etc. The ministry said it used the 2011 Socio Economic Census to select beneficiaries.

The homeless and those living with a kuccha roof or two kachcha rooms are the beneficiaries of this poor PMAY scheme.

The ministry said that the houses are planned by the best institutions after studying the existing local design configurations and are constructed by the beneficiaries as needed. The cost of construction of the houses is directly transferred to the accounts of the beneficiaries.

The poor are getting safe houses and can live with self-respect with facilities like toilets, drinking water facilities, electricity connections, cooking gas connections etc.

To check transparency and corruption, the Center has put in place an online policy, where anyone can view the construction of houses with geo-tagged photographs and give full details of beneficiaries and the expenses incurred to them.

The ministry has also decided to conduct a study on social change to understand the impact of the housing program. In addition, the National Institute of Public Finance and Policy will also study the impact of high demand for steel and cement on governance reforms and development under PMAY (G).

Unless otherwise expressly specified in writing, SuGanta (hereinafter referred to as “the Company”), herein trading under the name of “ SUGANTA REALTY SERVICES LLP”, any offer made by the Company to a particular client or to the world at large, any services offered and provided, any content provided by the Company either on its website, www.SuGanta.comhttps://www.suganta.com/post-property-free.html

Builders to take stuck projects at Puravankara

BENGALURU: Property developer Puravankara has teamed up with regional builders in Pune and Mumbai to launch stalled projects in the backdrop of a drastic liquidity crisis, a movement that will aid it to gain a share in Western India's residential market.

“We have reached a significant level in our focus markets, but will continue to move forward. Purvankara has distinguished Pune and Mumbai as the top 5-6 major cities that will be expansion accelerators for the company beyond India,” said Abhishek Kapoor, COO Residential, Purvankara, “ Moving on, Bengaluru, Mumbai, Hyderabad , Chennai, and Pune will be our focus markets. "

Several developers have enrolled in the western and northern markets to resume projects stuck in the midst of the cash crisis, threatening the real estate regulatory act and NCLT to be put into practice.

The company intends to generate 7 m sq ft of residential portfolio in these two markets spanning the Provident and Purvankara brands over the next 24–36 months. It currently develops luxury homes under the Purvankara luxury brand, while premium affordable housing is developed under the Provident Housing brand, which originated in 2008. Currently, 65% of the company's business originates from the larger housing brand - Provident - while the rest rest from the Purvankara brand.

Non-Bengaluru projects launch immediately for an ongoing 53% share and currently 77% for Purvankara. Future accounts for 3 / 4th of the boat pipeline.

Individually, the firm is developing its commercial duties. It plans to generate 10 meters square feet of commercial projects and use it in retail expansion overhead over the next five years in major cities.

SuGanta Realty Services llp

Know the difference between Porches, Balcony, Verandas, Patios and Deck

A well-designed outdoor is a lucky circumstance for all homes and all seasons. Some of us have balconies, other decks, porches, patties or verandas. While most of us have a penchant for swapping these terms (and for believing that they all have the same meaning), they each have their own character and specifications.

Porches: They are generally low and covered structures, which are located in the entrance of the building. Porches can be both: open structures without windows; or covered interior expansions that protect the home from asymmetrical weather conditions. Their roofs provide shade; This is why porches are the perfect area for relaxation during summer; Nevertheless, porches differ in different parts of the world, both in function and look.

Balcony: It is an exterior extension of the upper floor of the building; on average one meter-enclosure (railing, ballasters, etc.). Balconies can be made from any solid and good-looking material; There is no strict rule. The balconies provide outdoor areas for various activities; Especially for apartment owners who lack the satisfaction of having a personal yard.

Verandas (also known as verandas): Stand for all sorts of enclosed platforms around the house. In fact, they play the role of a ground floor balcony, such as provides access around the house and both sides of the back door of the house. While the verandas is mostly an open area and can be used for all types of outdoor activities.

Patios: They represent living space outside your home, either a proper garden or a basic rest area. Depending on their size, the patios can be both attached and open. They are usually made of brick, concrete, stone, gravel or flagstone. Usually, the courtyards are attached to the house but again it all depends on your needs, desires and possibilities.

Deck: A deck is usually a roofless platform connecting a house. The decks are usually made of wood and are elevated from the ground. This may include places to sit, food as well as BBQ. The deck is usually covered by a railing. In some cases, the deck may also be covered by a pergola or canopy.

Such places can be found in both residential and commercial buildings; And are preferred due to the remarkable urban landscape they provide. This trend is becoming so popular that construction companies have begun to specialize in the design of these modern outdoor havens.

Here you find Home on India's Most Popular Real Estate Site. View Property Price Trend. Largest No. of Listings. Buy-Sell-Rent Property. Hot Property Projects. Find By Price & Locality. Types: Apartments, Villas, Office Spaces, Shops, Builder Floors.Search by Area, Price & Amenities. Choose Your Residential Property from Lakh+ Property Options on Suganta.com. 

Writing-irreversible reasons with the help of Society by-law

Housing societies need a set of rules and regulations to run large or small.

However, they require bye laws in place to register it. The in-laws are nothing, but the guidelines have to be followed by the members of the society to ensure the proper functioning of the community. In addition, with the help of bye-laws, issues can be addressed in a timely and effective manner.

These are local / private laws and are imposed immediately after the housing complex is registered. These laws are mandatory and extremely useful as the day-to-day functioning of the campus is monitored and the issues are resolved in no time.

The by-laws also cover all monetary transactions conducted and received by the housing committee and require members of the housing committee to show all monetary details during the audit. It is here that it becomes difficult, especially for the Treasurers, to keep a record of irrevocable liabilities. Well-known irrevocable dues include loans and money spent to recover any cause or loss caused by circumstances inevitable by the housing society.

Laws are different for different societies as it also depends on the committee members which laws they want to incorporate for the smooth functioning of their society. However, below are the two main by-laws which we feel should be added to the by-laws of any housing society for the committee so that its irrevocable arrears can be written off smoothly.

Society By-Law No. 148

Under this law, fees charged by society according to irreparable dues can be written off and members are required to pay these expenses. As noted before these irrevocable liabilities, some money for debts or other such accumulated losses may be spent to recover the stuck. However, check whether classified as irrevocable arrears as stated by the statutory auditor appointed under Section 81 of the Act.

Society By-Law No. 149

•    By-laws can be written only when the general body of the society approves the same.
•   If the society is indebted to a financial agency, the approval / approval of the agency is very important for such amounts.
•   The third also requires the approval of the registration authority. However, if the Society is classified as A or B in its final audit, the bank's permission (if it is associated with any) or any such financial agency or registration authority is not required.
•   By-laws are thus important for every housing society, not only for their proper functioning but also for registration and other legal processes. However, if you want to get an in-depth knowledge about these

 SuGanta Realty Services llp

Foreign Exchange Management Act vs. Foreign Exchange Regulation Act or (1999 vs 1973)

Foreign Exchange Regulation Act (FERA), 1973

The Foreign Exchange Regulation Act (FERA) was promulgated in 1973 and came into power on 1 January 1974. Section 29 of this Act related to the services of MNCs in India. According to the section, all non-banking foreign subsidiaries with more than 40 percent foreign equity are required to certify separate functions, to receive allowances in subordinate companies, or to acquire each other company wholly or exclusively.

An amendment to the law governing specific payments, transactions in foreign exchange and contracts, transactions affecting the import and export of foreign currency and foreign currency, maintenance of the country's foreign exchange reserves and its use.

Peculiarities of FERA:

·     It continues for the entirety of India.

·   It applies to all residents outside India and to departments and firms outside India, which are outside organizations or bodies in India or are disclosed or consolidated in India.

It shall come into force on this date by a declaration in the Gazette of the Central Government, the representative in this regard:

It is submitted that different dates can be chosen for different requirements of this Act and any endorsement in any purchase for the initiation of this Act will be interpreted as a sign of developing in the strength of that purchase.

According to these instructions, the initial rule was that all parts and branches of foreign companies operating in India should convert themselves into Indian organizations, including at least 60 percent local equality support. In addition, all foreign subsidiaries must produce foreign equity shares of 40% or less than 40%. The exact effect of the act was completely contradictory to the economic expansion of the country as it obliged the instructions of giant corporate houses to grow their enterprises, hence it was considered by policy makers that the Act should have notable entertainment so that the economic Promotion can be done in the country through industrialization for development.

Foreign Exchange Management Act (FEMA), 1999

The ForeignExchange Management Act (FEMA) was launched in Parliament on 4 August 1998 by the Government of India. The purpose of the Bill is to "strengthen and improve the law that reads foreign exchange with foreign currency to promote and improve external trade and payments." Systematic expansion and protection of the foreign exchange market in India.

Within the many aspirations of the Foreign Exchange Management Act (FEMA), there is a comprehensive one to reform and consolidate all laws associated with foreign exchange. In addition, FEMA aims to improve foreign payments and trade in the country. Various important objectives of the Foreign Exchange Management Act (FEMA) are to encourage the maintenance and improvement of the foreign exchange market in India.

Features of FEMA some of the essential features of the Foreign Exchange Management Act are:

This is consistent with substantial prevailing account convertibility and includes purchases for liberalization of statement account transactions.

It is highly translucent in its use due to deposits under sections claiming special permission of ReserveBank of India / Government of India on recovery of foreign currency.

It listed foreign exchange transactions in two divisions, viz. Capital Account Transactions and Current Account Transactions.

This presents the Reserve Bank with the ability to submit consultations, investments, Types of capital account transactions and transfer limits for all those transactions.

It is the absolute freedom of any foreign resident / person residing in India or the residence of a person living outside India to bear / self transfer and purchase any foreign security / immovable property established outside India.

This action contradicts a civil law and an act that exists only for arrests in exceptional cases.

FEMA: A Major Departure from FERA

As is evident from the name of the Act itself, the importance of explaining FERA is on 'Exchange Management' as under FERA this importance was on Exchange Regulation or exchange fee. Under the FERA, it was necessary to obtain the Reserve Bank's permission, unless specific or common to most regulations. FEMA has initiated about a sea change in the interest and absence of Section 3 which is aided for distribution in foreign exchange etc. There is no other requirement to obtain FEMA designated Reserve Bank permission.

Comparison between FERA and FEMA:
The principal variations among FERA and FEMA:-

                                                                 

The FERA was assembled with 81 different and complex requirements, although FEMA has only 48 simple divisions.

It is prevalent that this account was not settled under FERA, although it was established in FEMA.

Another extended meaning of FEMA is "authorized person" and includes banks.

Adaptability with IT was not traded at all with the support of FERA, yet FEMA has made purchases for IT.

Under, its demolition was an illegal crime that was turned into a civil offense in FEMA.

Under FERA, the application managed to be transferred to the High Court, however, FEMA required a Special Director (Appeals) and a Special Tribunal.

Under FERA, no assistance was given to the accused, although as per section 32 of FEMA, the accused have the right to seek guidance from legal practitioners or lawyers.

FERA was with the major objective of the preservation of foreign exchange, although FEMA was introduced with the major objective of managing foreign exchange.

FERA was formed by assuming that foreign exchange is a scarce resource and therefore should be protected and managed with exceptional care, although FEMA was created with the principle that foreign exchange is an asset and its exact must be management.

Only authorized dealers and money changers under FERA were determined to be authorized individuals, however, even after FEMA, offshore banking units were included in this definition.

FERA is an act prescribed for the payment and monitoring of foreign exchange in India. FEMA inaugurated an act to promote external trade and payments and to encourage the systematic management of the foreign exchange market in the country.

FEMA turned out to be an extension of the more early foreign exchange act FERA.

When the foreign exchange reserve position in the country was not reliable at the time of the establishment of FEMA, FERA came into force, the foreign exchange reserve position was sufficient.

FERA's strategy towards foreign exchange transactions is quite traditional and definitive but in the case of FEMA, the approach is favorable.

FERA depreciation is a non-compound crime at the heart of the law. The FEMA contradiction violation is a complex offense and charges can be dropped.

A person's citizenship is the foundation to search for a person's residential status in FERA, whereas in FEMA the person's domicile in India should not be less than six months.

Controlling the requirement of FERA can lead to imprisonment. Conversely, the penalty for breaking and violating FEMA provisions is a monetary penalty, which can result in imprisonment if the penalty is not paid on time.

Acquisition of property under FERA and FEMA

There is a major difference between FERA and FEMA related to the acquisition of property in India. Following FERA, "citizenship 'was a guideline for acquiring property; under FEMA it is" domicile "which is the criterion. This indicates that, under the FERA provisions, a person who is an Indian citizen owns property in India. Can acquire and a foreign citizen cannot buy property in India (except with permission to NRI).Nevertheless, under FEMA, an Indian resident can acquire property in India which is not allowed to non-residents. In particular, FEMA has evolved as a replacement or enhancement on the former FERA.

Further, as per FERA / FEMA regulations, a foreign company has a branch office or other place of business in India, which can acquire immovable property in India which is incidental or subsidiary to carry out such activity.

More than 60% of sub-registrars in Karnataka fail to meet revenue targets

Bengaluru: Out of 240 sub-registrar offices in Karnataka, over 60% have failed to reach the fixed revenue target for the initial seven months of the current financial year, causing a permanent decline in the real estate division in the state.

Reacting to this, the government has written a letter to 146 sub-registrar offices in the last week of November, recording a reduction of 17% for the period between April 1, 2019 and October 31, 2019.

Someshwar Reddy, Quick Past Chairman (Karnataka), Builders Association of India (BAI), said, "A compound of circumstances, tax rates ranging from demonetization to rectification, economic downturn and lack of price rise in the market, everything on sale. There has been impact, which is speculation on registration in the state. "

Out of 146 offices, 33 are in Bengaluru urban district, four in Bengaluru rural and 13 in Mysuru. And, in these offices which do not meet the 100% revenue target, some like Shiva ji nagar have less than 1%, while others like Doddaballapur have a deficit of 35%.

Nevertheless, in its letter to the sub-registrars, the Stamps and Registration Department has advanced requests about the valuation of the property. "It has been directed that sub-registrars, as in practice, assure that they accumulate funds, because they have been incurred due to valuation and due to incorrect order of documents."

Demonstrating how the wrong ordering of documents could harm the government treasury, an official said, "For example, if the document of commercial property is classified as residential, the change in services paid Will happen."

Both Realtors and officials acknowledged that the real estate regulatory authority could have an impact. He said, "Now, before construction starts, they panic to enroll a property for sale when construction is nearing completion,” one of them replied.

Here you find Home on India's Most Popular Real Estate Site. View Property Price Trend. Largest No. of Listings. Buy-Sell-Rent Property. Hot Property Projects. Find By Price & Locality. Types: Apartments, Villas, Office Spaces, Shops, Builder Floors.Search by Area, Price & Amenities. Choose Your Residential Property from Lakh+ Property Options on Suganta.com.https://www.suganta.com/

Boost Ballabhgarh's real estate market by Violet Line of Delhi Metro

Violet line metro of Delhi has been established for the development of Ballabgarh's growing industrial center in Faridabad. The 3.2 km elevated corridor will have two stations and is expected to meet the extended deadline by June 2018. Earlier the launch was planned in December 2017.

The corridor will extend from the 13.8 km Badarpur-Escorts Mujesar section which was opened to the public in September 2015. The other end of the line extends to the ITO in Delhi and there are plans to connect it to the Kashmiri Gate on the Red Line.

Travelers heading to Ballabhgarh will benefit greatly from the development as the destination is a noticeable business center with many educational institutions and industries. This will also increase employment opportunities.

Recently Ballabgarh was renamed as Balramgarh. Chief Minister of Haryana, Manohar Lal Khattar had publicized several developmental projects to declare the area as a development area.

The cost of the metro project from YMCA Chowk to Ballabhgarh is Rs 580 crore, with around Rs 95 crore provided by the central government.

The YMCA Chowk-Ballabhgarh metro project is one of the Rs 1,090 crore two-line expansion projects approved by the Public Investment Board (PIB) of the Ministry of Finance. The second is an underground corridor from Najafgarh to Dhansa border. The metro train at Badarpur-Faridabad is powered by solar energy which is a major feature of the project.

The project began in 2015, but was delayed due to the construction of columns for the crossover track near the main Ballabhgarh station, as well as a legal dispute over the land required to remove or move water and sewer pipelines.

Infrastructure connectivity in Ballabhgarh:-

Ballabgarh is connected to the emerging NCR hub of Sohna near Gurgaon via the 35-km-long Ballabgarh-Sohna (BS) road. The nearest railway stations are Ballabgarh railway station and Faridabad NW TN railway station.

There are extensive rural healthcare projects in the area (rural area practice area of ​​AIIMS) or reputed educational institutes like Civil Hospital and Cement Research Institute of India. In addition, the YMCA University of Science and Technology is less than five kilometers from the locality. Reputed companies like IBM and Cognizant also have their offices.

Healthcare centers, elementary schools, and retail shops are available in the surrounding areas. The government had announced Rs 10crore for the reconstruction of the dilapidated bypass of Faridabad and restoration of tubewells in the area.

Ballabhgarh  Real Estate status:-

Ballabhgarh, located on National Highway-2, about 30 km from Delhi, is a commercial hub and residential development is not as noticeable in the neighboring areas of Sector 56, Sector 76 to Sector 88 in Faridabad.

These neighborhoods are active residential colonies with abundant availability of affordable homes. There are many such upcoming residential properties in the surrounding area started by local developers. The average capital value of residential properties in Ballabgarh is Rs 2,800 per sq ft. The price of a 2BHK apartment is less than Rs 20 lakh for an average size of 850 sqft.

Real estate is changing the face of unnatural intelligence as technology changes. It is anticipated that artificial intelligence will be able to fully handle the market. It first managed to become a monologue platform, but due to advances in technology, it has now interacted with an online program. Due to this advancement in technology, it is predicted that the overall business board is a real estate or continues to prosper. SuGanta Realty Services llp offers you a range of apartments, villas, flats, farmhouses, plots, Offices, Spaces, Shops, Builder floors etc on affordable price and amenities.