Analysed by K.R. Bulchandani, Advocate & Solicitor. M/s Kamal & Co., Mumbai.
Many a levies in the State of Maharashtra are based on the rates set out in the Ready Reckoner. Before commenting on the rates determined in Ready Reckoner, let us see its coverage:
Uncorked by K.R. Bulchandani, Advocate & Solicitor ably assisted by Avik Sarkar & Amit Nikam, Advocates, team of M/s. Kamal & Co., Mumbai.
INTRODUCTION
Parliament has enacted Real Estate (Regulation and Development) Act, 2016 (RERA) which has come into effect from 01.05.2017. The objects of RERA on paper are laudable. If enacted in its intent and spirit, it can be a boon for the consumer, who has been so far exploited by the unscrupulous builders and developers. The moot question is “if enacted in its intent and spirit”. The all powerful developers’ lobby has already prevailed upon several States. The result is that most of the States, empowered to frame Rules and Regulations for implementation of RERA have diluted the main teething effects to protect the consumer.
Analysis by K.R. Bulchandani, Advocate & Solicitor, ably assisted by Mr. Avik Sarkar & Mr. Amit Nikam, Advocates, team of M/s. Kamal & Co., Mumbai.
Effective date:
The Code has come into effect in phases from 05.08.2016 to 15.12.2016. Some provisions are yet to come into effect.
The Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016 have come into effect from 01.12.2016.
Penned by Mr. K.R.Bulchandani Advocate and Solicitor. M/s Kamal & Co., Mumbai.
FEATURES
On attainment of independence on 15.08.1947, we the people of India gave to ourselves on 26.11.1949, the Constitution, known as the Constitution of India. India is a democratic republic declared on 26.01.1950.
