guru - rudra buildwell · k agarwal, noida aceo. the authority has also turned its attention...

Gautam Gambhir’s choice Serabella

29 July 2013

Weekly Realty Digital Magazine

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FUNNYJOKES & Many More

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GYAN

Aquacasa Stage-1 Construction Started

Readpageno.12

Cover Story

Read Inside

How New REAl

EStAtE Bill Could Reshape

the Realty Ecosystem

Noida Authority to shift 300 mobile towers

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Important Helpline Nos.11

News & Updates - Noida

6

Knowledge & Entertainment

7

Bollywood & Cricket updates 8

Guru Gyan

3

Edited by - Priyanka Jadon | [email protected] - Danish Suhail | [email protected] - Sunil Bidaliya | [email protected]

Our team

ContentsCover Story

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Guru Gyan

Noida Authority to shift 300 mobile towers

NOIDA: the Noida Authority has decided to relocate over 300 mobile towers away from densely populated areas in the city, in a bid to reduce the alleged health risks of exposure toradiation from these towers.

this was decided by top authority officials at a meeting on Wednesday. the move may hit mobile connectivity as more than half of the total 572 towers in Noida are slated to be moved. Officials said the decision was in line with an Allahabad high court order in January last year, in which installation of new towers was prohibited in residential areas . the court had also asked for an assessment to determine the harm caused by mobile towers on human health.

“towers located in densely populated areas would be

moved to safer sites,” said P K Agarwal, Noida ACEO. the Authority has also turned its attention towards cell towers on hospitals, schools and nursing homes.

Following the court’s order last year, the Greater Noida Authority had relocated many

towers to green belts. Officials said in Noida, too, such sites would be identified. the towers would be shifted in a phased manner once the Authority

prepares a survey report to finalize a process which would cause minimal interruptions in mobile services.

the authority is also likely to compete formulating a ‘mobile-tower policy’ for the city within the next 10 days with guidelines regarding

permissions to be taken from the Authority for setting up towers.


Acquacasa

Aquacasa Stage-1 Construction Started


Rudra’s Exhibition

Important Helpline Nos.Police Control Room 2525100 ,, 2351324 ,, 2350100In case of Accident 2528058 ,, 2521073SO Sec- 20 2523102 ,, 4349042SO Sec- 24 2411173 ,, 4349045SO Sec-39 2577100SO Sec-49 2573665 ,, 4349046SO Sec-58 2580412 ,, 3223308SO Phase 2 2568600Fire Service Fire Station Harola 2521111Fire Station Sec-58 2562901Fire Station Phase 2 2562999Fire station Greater Noida 2569109Power Control Room 2441614 ,, 2444100 telephone GM 2441100BSNl Help Desk 2051005BSNl Customer Care Service 2441500 ,, 2440198Hospitals Asha the Child Care 2584931Apollo Hospital 2445353 ,, 4012000Bhardwaj Hospital 2450222 ,, 2450333City Hospital 2522303 ,, 2522784Diabetic Clinic 2547235Dermatology Service 2529503 ,, 2529785Dhama Clinic 2508254 ,, 2506167District Hospital (Emergency) 2456174Dr Chauhans Ortho & Nursing Home 2520599 ,, 2544333

Dr lal Path lab 2539510 ,, 2539512ESI Hospital 2411350 ,, 2411352ESI Despensary Sec-12 2553720ESI Despensary Sec-24 2411350 ,, 2411352Fortis Hospital 2400222 ,, 2400444Goodwill Hospital 2500611 ,, 2500711Indo Gulf Diagnostics 2519505 ,, 2519506Kailash Hospital & Heart Institute 2444444 ,, 2445566Max Hospital 2549999Metro Heart Institute 2533491 ,, 2519489Metro Multyspeciality Hospital 2522056 ,, 2522959Noida Medicare Centre 2453809 ,, 2453801 ,, 2453808Noida Psychiatric Clinic 2587215Prakash Hospital 2504050 ,, 2505555Prayag Hospital 2575555 ,, 2570209Samvedana Hospital 2506611 ,, 2506622Sperm Solutions 5319451Sumitra Hospital 2507625 ,, 2507725 ,, 2556455Vinayak Hospital 2444222 ,, 2444333 Medical Stores 24*7 All Days Chemist (Bharadwaj Hospital) 4310338Ganesh Medicose, Sec-18 2511744Kaushal Medicose, Sec-34 2590235Neelkanth Chemist, Sec-27 4357583NeelKath Drugs Pvt ltd (Vinayak Hospital)


Cover Story

How new real estate bill could reshape the realty ecosystem

1) Project Registration

When the Real Estate (Regulation and Development) Bill 2013 comes into effect, all projects will have to be registered with a real estate regulatory authority.

Promoters will have to disclose details about the project (name, type, plans, partnership companies, names of persons involved with construction etc). Will have to specify what kind of area is for sale (based on standardised markers).

All brokers and agents will have to be registered with the regulator before they can practise. Builder will have to provide a list of agents who will represent each project.

Once the project is registered, all details will have to be put on the website and updated every quarter. this includes disclosing the extent of project completion.

What this Means

A) Buyers can take informed decisions. “today, it’s impossible to compare properties because square footage, amenities, floor-space index consumed and even delivery schedules are different for different builders,” says Pranay Vakil of Praron Consulting. “Standardising this will allow consumers to make apples-toapples comparisons.”

B) Which standards to follow? “the Bureau of Indian Standards has laid down standards for the construction industry, and clearly defined things like carpet area, plinth area or how

to calculate the difference between the balcony and room area,” says consumer rights advocate Anand Patwardhan. “If the bill brings in a new set of definitions, it will create a conflict.”

What this Means

A) “Ensuring prior permissions is the only good thing I see in this bill,” says Patwardhan. “But this will open the window to more corruption. Builders will stop at nothing to get clearances.”

B) Regulator for ‘some’: “We would welcome a regulator if it’s going to regulate all the players in the real estate industry,” says Vimal Shah, president of the Maharashtra Chamber of Housing Industry (MCHI). “Right now, the bill appears to only hold the developer responsible.” Adds Navin M Raheja, managing director of Raheja Builders: “Developers will be penalised for delays, but what about the delays created by government departments in providing clearance for projects? If there is a delay in giving approvals, the government official should also be made accountable for it.”

C) Approvals come in phases, and never all at one go, says MCHI’s Shah. If a developer has to wait to launch a project only after all the approvals are in, this would only mean further delays in handing over the house. “We wanted this to be an automated registration process so that there is no human interface, and therefore no chance of corruption,” says lalit Kumar

Jain, president of the Confederation of Real Estate Developers of India (Credai).

D) Smaller builders will be hit harder. After putting down money for all the

clearances at one shot, they may not have much left over to start construction right away -

especially since pre-launch sales are

discouraged. “this will only mean delays in launching projects and escalated costs,” says a promoter. Which may get passed on to the buyer.

3) Funds From Buyers

Builders have to open a separate bank account for every project and set aside 70 % (or less, as designated by the local authority) of buyers’ money, to be channelled only into the construction of that


Cover Story

How new real estate bill could reshape the realty ecosystem

property.

What this Means

A) While builders are okay with setting aside a certain amount

in a separate account, they feel fixing a sum is

unrealistic, since the land-toconstruction-

cost ratios vary from place to place. “In

metros, land is expensive and

construction costs relatively cheap,” says Sunil Mantri of Mantri Builders. In smaller towns, where land is more easily available

and is cheaper, this could be the reverse. “the

figure should be decided by local

authorities.”

B) More stress for builders:

“In metros, where land is not

available on credit, most transactions are on a cashdown basis, whether a builder buys land from the government or a private owner,” says Mantri. “the RBI also says no bank will fund the purchase of land, so the amount has to come out of the builder’s pocket.”

C) the 70% amount can lead to discretionary practices, says Paritosh Kashyap, executive VP (commercial real estate and financial institutions group), Kotak Mahindra. An extra

layer of approvals could mean another opportunity for corruption.

D) “this bill may not do away with the black money component in real estate,” says Vakil. “Having the builder set aside 70% of the amount collected from buyers, applies to the cheque component. this will encourage developers to take more cash.” the fear is, they will insist on cheque payment at the estimated market or reckoner rate, which will go towards the 70%, and be free to charge the rest in cash.

4) Completion Schedule

Builders will now have to give homes on time. In case of delay, buyers are entitled to full refund of their investment, with interest at a pre-determined rate.

Builders will face penalties (fines ranging from 5% to 10% of project cost) and jail term (up to three years) for sale based on misrepresentation of facts, for failure to update details about project and so on.

What this Means

A) “throwing a builder in jail might seem like a good idea,” says Patwardhan, “But in case of builders who have multiple projects going, this means an inordinate delay for all of them.” Who is going to make sure the projects are completed while the builder is in jail?

B) Harsh financial penalties are preferable to a jail term, says Mantri. “If Sebi or even theincome

tax department have realised this and replaced imprisonment with monetary penalties, why can’t the real estate regulator do the same?” he asks. Substantial compensatory penalties will also benefit consumers.

5) Post-Delivery Complaints

All complaints are to be addressed by an appellate tribunal, which will only hear real estate cases. this body, which will be headed by a chairperson and two others (one of whom will be a judicial member), will be vested with the same powers as a civil court.

What this Means

A) Another body, more complications. the consumer fora and the civil courts are already there, so why do we need yet another body, asks advocate Patwardhan. For the tribunal to work, it must be a fast-track authority so that there is no backlog of cases.

B) A tribunal with teeth: “For it to be effective, the tribunal must be ready to take tough decisions,” says Vakil. “I have seen in this country that whenever third-party rights are created, the courts tend to take a sympathetic view of the matter.” If flats in an illegal building are sold to people, this automatically creates third-party rights. “A court may, then, be hampered from taking harsh action against the builder because some other people might lose their homes,” adds Vakil.


Finance

GOVERNMENt OF INDIA MINIStRY OF FINANCE(DEPARtMENt OF REVENUE) NOtIFICAtION No. 55/2013

Dated : July 23, 2013

Compiled byCA, Neeru Bajaj

GOVERNMENt OF INDIAMINIStRY OF FINANCE( DEPARtMENt OF REVENUE )NOtIFICAtION No. 55/2013Dated : July 23, 2013In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Uttarakhand State AIDS Control Society a body established by the Government of Uttarakhand in respect of the following specified income arising to the said Society, namely: -(a) amount received in the form of grants-in-aid from the Government of India; and(b) interest earned on grants-in-aid from the Government of India.2. this notification shall be deemed to have been

applied for the financial years 2011-2012, 2012-2013 and shall applicable for the financial years 2013-2014, 2014-2015 and 2015-2016.3. the notification shall be effective subject to the following conditions, namely:-(a) the Uttarakhand State AIDS Control Society does not engage in any commercial activity;(b) the activities and the nature of the specified income of the Uttarakhand State AIDS Control Society remain

unchanged throughout the financial year; and(c) the Uttarakhand State AIDS Control Society files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961.4. the grants from various international development agencies shall be received and applied in accordance with the prevailing rules and regulations.[ F. NO. 196/88/2012-ItAt.I ]


Knowledge & Entertainment

Why are Goals Important? - Must read On the best sunny day, the most powerful magnifying glass will not light paper if you keep moving the glass. But if you focus and hold it, the paper will light up. that is the power of concentration.A man was traveling and stopped at an intersection. He asked an elderly man, “Where does this road take me?” the elderly person asked, “Where do you want to go?” the man replied, “I don’t know.” the elderly person said, “then take any road. What difference does it make?”

How true. When we don’t know where we are going, any road will take us there.Suppose you have all the football eleven players, enthusiastically ready to play the game, all charged up, and then someone took the goal

post away. What would happen to the game? there is nothing left. How do you keep

score? How do you know you have arrived?

Enthusiasm without

direction is like wildfire and leads to

frustration. Goals give a sense of direction. Would you sit in a train

or a plane without

knowing where it

was going? the obvious answer is

no. then why do people go through life without having any goals?

Why are Goals Important? - Must read


Bollywood & Cricket update

INDIA VS ZIMBABWE: INDIA HAMMER ZIMBABWE BY 7 WICKEtS IN tHIRD ODI tO WIN SERIESHarare: India wrapped up their one-day series against Zimbabwe at the first opportunity on Sunday, as they beat the hosts by seven wickets in the third ODI at Harare Sports Club. (Highlights | Scorecard) After bowling Zimbabwe out for 183, with legspinner Amit Mishra claiming figures of 4 for 47, India needed just 35.3 overs to pass their target as captain Virat Kohli’s half-century saw them home. (Stats) Kohli finished unbeaten on 68, having adapted perfectly to the slow-er pace of the wicket in a measured 88-ball innings. (Match in pics) Although Zimbabwe dismissed opener Rohit Sharma cheaply for the third time in the series, Shikhar Dhawan struck 35 from 32 balls to provide India with a solid base. After Dhawan fell to tendai Chatara, Kohli constructed a patient 64-run stand with Ambati Rayudu that made the outcome of both the game and the series clear. While Rayudu was unable to see the job through, falling caught and bowled to Brian Vitori for 33, Kohli added the remaining 53 runs required with Suresh Raina, who finished on 28 not out. Sean Williams’s 45 was the highest score in a tame batting display by Zimbabwe, who lost both of their openers in the first seven deliveries of the innings and were bowled out in 46 overs. Although Hamilton Masakadza and Brendan taylor put on 65 for the third wicket, there were no other partnerships to speak of as the Zimbabweans put in another tame showing. taylor was out for 23 when he chipped Jaydev Unadkat to mid-off, while Amit Mishra picked up Masakadza, who made 38, and Malcolm Waller with successive deliveries.

Chennai ExpressChennai Express is an upcoming 2013 Indian action-comedy film directed by Rohit Shetty and produced by Gauri Khan under her production banner Red Chillies Enter-tainment.The film features Shahrukh Khan and Deepika Padukone in lead roles. This is the second collaboration between Shah Rukh Khan and Deepika Padukone after the 2007 blockbuster Om Shanti Om and the first collaboration between Shah Rukh Khan and Rohit Shetty. Chennai Express is about a man’s journey from Mumbai to Ra-meshwaram and what happens along the way after he falls in love with the daughter of a don. Principal photography began on 27th September 2012. Filming began in October 2012 and was wrapped-up by May 2013.

Directed by Rohit ShettyProduced by Gauri Khan Ronnie Screwvala Siddharth Roy KapurScreenplay by Yunus SajawalStory by K. SubaashStarring Deepika Padukone Shahrukh Khan

Music by Vishal–ShekharCinematography DudleyEditing by Steven H. BernardStudio Red Chillies EntertainmentDistributed by UTV Motion Pictures[2]Release date(s) August 9, 2013Country IndiaLanguage Hindi, Tamil


Rudra Projects prices to be revised by 01-07-2013

Sources : Hindustan times, Navbhart times, times of India, Mail today

We are pleased to announce that our office shifted to the following address A-67, Sector-63, NoidaDial for any query : 0120-4769999Our new office location will provide better access for visitors and employees, especially for driving commuters, as it is located in Noida Sec-63 and close to NH-24.

Office Relocation Announcement

guru - rudra buildwell · k agarwal, noida aceo. the authority has also turned its attention...

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