Date – March 16, 2019 Issue no – 201905

CREDAI Supports “Global Housing Technology Challenge” as Knowledge Partner

- 200+ CREDAI Members Attended the Conference

CREDAI supported Global Housing Technology Challenge - India conference as Knowledge Partner, held on March 2, 2019 in New Delhi. Honorable PM, Shri. Narendra Modi declared 2019-2020 as the year of "Construction Technology." President, Shri. Jaxay Shah participated in the panel discussion “Opportunities in Urban Housing in the Real Estate sector and it's Regulatory Systems” along with Joint Secretary, Ministry of Housing & Urban Affair, Shri. Shiv Das Meena, President NAREDCO, Shri. Niranjan Hiranandani and CEO NAREDCO, Shri. Rajeev Talwar from NAREDCO.

PMAY-Empowering India Awards 2019, March 5, New Delhi

CREDAI Bags Special Award for Boosting “Affordable Housing”

CREDAI receives “Special Award” for boosting Affordable Housing at PMAY- Empowering India Awards 2019 by Hon’ble Minister for Housing & Urban Affairs, Shri. Hardeep Singh Puri.

Our Chairman for Finance and Taxation Committee, Shri. Prakash Challa received the “Certificate of Merit “.

CREDAI Member Developers Received PMAY-Empowering India Awards 2019

CREDAI Delegation with Hon’ble FM

- Presented GST issues pertaining to Real Estate

CREDAI Delegation led by President, Shri. Jaxay Shah met with Hon’ble Finance Minister, Shri. Arun Jaitley on March 7, 2019. The team shared the issues concerned with GST and affecting the industry. FM expressed his view on this and assured his positive support.

- CREDAI Nashik Metro First Step towards

Development of Rural Tourism in Nashik

At the backdrop of White Paper on “Rural India Tourism Growth” submitted to Hon’ble PM, Shri. Narendra Modi by CREDAI Youth Wing on Feb 14 at YouthCon 2019, New Delhi, CREDAI Nashik took the first step of Training of Guide to Enhance their Skills in Association of MTDC (Maharashtra Tourism Development Corporation) on March 14. President, Shri. Jaxay Shah and Joint Secretary, Shri. Anant Rajegaokar were present at the occasion

CREDAI Extends its Thanks to Member Developers for offering Homes to

Pulwama Attack Martyrs Families

CREDAI AT GLANCE

CREDAI NCR Women’s Wing planted 300 trees of 10 different varieties in the memory of Pulwama Martyrs & On the safe arrival of Wing Commander Abhinandan from Pakistan on 6th March 2019.

Kolte Patil Developers Ltd in association with CREDAI-Pune Metro organized “The Safety Week Celebration” on 8th March 2019. 1200 workers participated in this initiative. The event attended by Mr.Dilip Gawade, Addl. Commissioner PCMC & Mr. Shrish Poreddy, Executive Engineer, Building Permission Department, PCMC.

CREDAI Howrah Hugli organized an interactive session on “Clean & Green” pertaining to climate change. Hon’ble Commissioner of Howrah Municipal Corporation, Sri Bijin Krishna along with engineers of HMC's building dept. and CREDAI Howrah members attended the event.

CREDAI Youth Wing Warangal Chapter Installed CREDAI Bhubaneswar Chapter Installed

Newly appoint Office bearers - President- Kanti Lal Patel Secretary-Umesh Patnaik Vice President -Surya Kanta Nanda Vice President -R. N. Choudhury Vice-president -Sashi Sekhar Garabadu Vice-president - Joint Secretary-Jitendra Ku Patra Joint Secretary- Sandeep Kumar Mohanty Treasurer- Anil Mohanty

Sl.

no

Date Representatives Topic

1 14.3.2019

Shri Manish Kumar Sinha, Joint Secretary, Tax Research Unit, Ministry of Finance, New Delhi

Realignment of GST on Long Lease transactions

of Land

2 14.3.2019 The Chairman, Indian Bank’s Association, Mumbai

Recommendations for Commercial Real Estate

(CRE) loans and Home Loans in the Real Estate

Sector

3 11.3.2019 Shri Thiru O. Panneerselvam, Hon’ble Deputy Chief Minister & Finance Minister, Government of Tamil Nadu, Chennai

Points to be considered for giving effect to real estate sector related decisions made in the 33rd GST Council

CREDAI Govt Interface March 1- 16, 2019

CREDAI Women’s Wing Exclusive Panel Discussion with Times Property

- Talks about need for female participation in Real Estate Sector

- - CREDAI Leadership Encourages Women Participation in the Sector

4 8.3.2019 Shri Arun Jaitley, Hon’ble Finance Minister, GOI, New Delhi CREDAI delegation:

1. Getamber Anand

2. Jaxay Shah

3. Prakash Challa

4. Shekhar Patel

5. Sushil Mohta

6. Reginald J. Sinclair

Points to be considered for giving effect to real estate sector related decisions made in the 33rd GST Council

5 5.3.2019

Shri Hardeep Singh Puri, Hon’ble Minister

for Housing and Urban Affairs, Government

of India, New Delhi

Recommendation on the proposed guidelines for

development and regulation of retirement homes

under the consideration of the Ministry

6 4.3.2019

Shri Manish Kumar Sinha, Joint Secretary (TRU), Department of Revenue, Ministry of Finance, New Delhi

Points to be considered by Officers Committee

giving effect to real estate sector related

decisions made in the 33rd GST Council

7 1.3.2019

Shri Arun Jaitley, Hon’ble Finance Minister, Government of India, New Delhi

Request for Meeting – GST

8 1.3.2019 Member (Budget), CBIC, GOI, New Delhi

CREDAI delegation:

1. Getamber Anand

2. Pankaj Goel

3. Pankaj Bajaj

4. Sanket Shah

5. Reginald J. Sinclair

Meeting to discuss the issues related to

implementation of GST Council's decision taken

on 24.02.2019, for reduced rate on construction

of residential properties

9 1.3.2019

Shri John Joseph, Member, CBIC,

Department of Revenue, New Delhi

GST representation to Member CBIC

10 28.2.2019 Shri Barak Granot, Counsellor, Embassy of

Israel in India,

Ms. Maria Nemenman, Deputy Head of

Trade & Economic Mission, Embassy of

Israel in India,

Shri Kamal Rabha, Trade Officer,

Investments & Trade Policy, Embassy of

Israel in India,

CREDAI delegation:

1. G. Ram Reddy

2. Ramchandra Reddy

3. Atul Kumar Rai

4. Rajiv Wadhwa

5. Anuj Wadhwa, Event Organizer

NATCON 2019

11 27.2.2019 Shri Rajnath Singh, Hon’ble Minister for Home Affairs Ministry of Home Affairs, GOI, New Delhi

Homes for Pulwama martyrs from CREDAI

members

12 27.2.2019 Shri Kundan Kumar, PS to Home Minister,

Govt of India,

CREDAI delegation:

1. Atul Kumar Rai

2. Hari Krishna Bhanusree

Homes for Pulwama martyrs from CREDAI

members

13 26.2.2019

Shri C. K. Mishra, Secretary, Ministry of

Environment, Forests and Climate Change,

New Delhi

Exemption of Corporate Environment

responsibility (CER) for Real Estate Projects

Date Section Sub-section

Document Title Link

1-Mar-19

Laws and Regulations

Other laws Modification: Banning of unregulated deposits Ordinance

https://credai.new.knimbus.com/user#/searchresult?searchId=&curPage=0&layout=grid&sortFieldId=publication_year&topresult=false&tag=Laws%20and%20Regulations&ir_chapter_name=Other%20laws&sectionId=27948cb4-6d4f-11e7-9035-0200cd936607&sectionName=Laws%20and%20Regulations

1-Mar-19

Landmark Judgments

Delhi Development Authority vs Virender Lal Bahri & ORS.

https://credai.new.knimbus.com/user#/searchresult?sectionId=dca591d6-5168-4752-a2a3-e16f4e53f163&sectionName=Landmark%20Judgments&searchId=&sortFieldId=publication_year

6-Mar-19

Landmark Judgments

Mantri Techzone Pvt. Ltd. vs Forward Foundation and Ors.

https://credai.new.knimbus.com/user#/searchresult?sectionId=dca591d6-5168-4752-a2a3-e16f4e53f163&sectionName=Landmark%20Judgments&searchId=&sortFieldId=publication_year

6-Mar-19

Registration Rate and Stamp Duties

Indian stamp act 1908

Stamp Duty cannot be Charged in retrospect on Resale of Old Flats: HC

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/2794934a-6d4f-11e7-9035-0200cd936607/Stampdutycannotbechargedinretrospectonresaleofold.pdf

7-Mar-19

Landmark Judgments

Noida vs Lt. Col. J.B. Kuchhal (Dead) and ORS.

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/dca591d6-5168-4752-a2a3-e16f4e53f163/18521_2018_Judgement_05-Mar-2019.pdf

7-Mar-19

Statistics and Data

WPI Index Number of wholesale Price Index January 2019

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/2794a74f-6d4f-11e7-9035-0200cd936607/WholeSalePrise2019.pdf

7-Mar-19

Statistic and Data

Housing Property

Housing Data Tables: 2001 - 2011

https://credai.new.knimbus.com/openFullText.html?DP=https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/2794a74f-6d4f-11e7-9035-0200cd936607/housing_data_table.pdf

8-Mar-19

Laws and Regulations

Industrial Policy

Maharashtra Industrial Policy 2019

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/27948cb4-6d4f-11e7-9035-0200cd936607/201902281151549110.pdf

11-Mar-19

Laws and Regulations

Other laws Modifications in the Unified Building Bye-Laws (UBBL) for Delhi-2016

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/27948cb4-6d4f-11e7-9035-0200cd936607/199508.pdf

11-Mar-19

Housing policies

State housing policies

DDA Master Plan Section

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/3ddc5497-c6c5-4fb0-84bc-e669fee6c74a/DDA.pdf

12-Mar-19

RERA State Rules / Telangana

Standard Operating Procedure for Withdraw of Real Estate Projects

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/00e1c85d-08a3-499e-90c2-e9e9ea2f8d76/Withdraw_Module_Circular_No_2.pdf

CREDAI E-Library

12-Mar-19

RERA State Rules / Bihar

Office Order https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/00e1c85d-08a3-499e-90c2-e9e9ea2f8d76/officeorder.pdf

12-Mar-19

RERA State Rules / Bihar

RERA Bihar: Late Fee Charges for Registration

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/00e1c85d-08a3-499e-90c2-e9e9ea2f8d76/OFFICEORDER1.pdf

14-Mar-19

Landmark Judgments

Sheetla Devi & Anr. vs State of Uttar Pradesh

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/dca591d6-5168-4752-a2a3-e16f4e53f163/13695_2008_Judgement_12-Mar-2019.pdf

14-Mar-19

Landmark Judgments

Balwant Singh (D) through LRs. Gurbinder Singh vs The State of Haryana & Others Etc. Etc.

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/dca591d6-5168-4752-a2a3-e16f4e53f163/16800_2016_Judgement_11-Mar-2019.pdf

15-Mar-19

RERA State Rules/Maharashtra

Annual Report - 2017 – 18 Maharashtra Real Estate Regulatory Authority

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/00e1c85d-08a3-499e-90c2-e9e9ea2f8d76/AnnualReportFinalVersionEnglish.pdf

15-Mar-19

GST SGST Removal of Difficulty Order No. 03/2019- State Tax

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/da739c1b-c682-4978-94f4-a8598f18a053/355_2_2019.pdf

15-Mar-19

Landmark Judgments

Land Acquisition Notification Delhi F. No. 8/2/2015/L&B/LA/8232

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/dca591d6-5168-4752-a2a3-e16f4e53f163/195578.pdf

15-Mar-19

Landmark Judgments

Land Acquisition Notification Delhi F. No. 8/2/2015/L&B/LA/8243

https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/dca591d6-5168-4752-a2a3-e16f4e53f163/195569.pdf

1. Impact of NBFC crisis on real estate sector in India. Read more at: https://www.financialexpress.com/money/impact-

of-nbfc-crisis-on-real-estate-sector-in-india/1516056/

2. RERA yet to resolve malpractices in real estate sector: Experts. Read more at:

https://realty.economictimes.indiatimes.com/news/industry/rera-yet-to-resolve-malpractices-in-real-estate-sector-

experts/68367979

3. India has 4% green buildings, lack of tech expertise a major barrier: Survey. Read more at:

https://realty.economictimes.indiatimes.com/news/industry/india-has-4-green-buildings-lack-of-tech-expertise-a-major-

barrier-survey/68351879

4. Real estate sector sees budget boosting consumer sentiment. Read more at:

https://www.thehindubusinessline.com/news/real-estate/real-estate-sector-sees-budget-boosting-consumer-

sentiment/article26152216.ece

5. Milestone for Indian investment! REITs launched, developers can expect a boost in real estate investing via FIIs.

Read More at: https://www.zeebiz.com/india/news-milestone-for-indian-investment-reits-launched-developers-can-

expect-a-boost-in-real-estate-investing-via-fiis-90065

6.

Industry News