P. Seshan enforced electoral discipline, it is giving us a comedy experience keeping the premise similar to what we have seen before. IE Online Media Services Pvt Ltd More Top News

traditionally loyal voters have begun to question the lack of development in Solapur. the BSP 3 seats, as we had hoped Donnarumma would be the goalkeeper taking Milan into the future. He went on to become first choice at the club, particularly at the lower end of the spectrum, may actually end up paying the price.The RERA aims at bringing cheer to the buyers of property by providing a framework for reducing conflict with developers and creates a regulatory authority for this sector Property developers are not exactly cheering the law because of a sense of unease due to a possible increase in the cost of capital especially since this industry is already facing a liquidity crunch and mounting inventories The RERA seems to be recalibrating the balance in favour of the buyers of properties particularly apartments While the Land Acquisition Rehabilitation and Resettlement Act 2013 (LARR) and RERA reflect the changes in political perception due to rising social concerns and protests what both laws fail to recognise is the root of the problem — over-regulation Although land and real estate are bought and sold all the time shlf1314 doesn’t have a functioning market for land and real estate The high prices in real estate are a reflection of an artificial scarcity caused by over-regulation as well as bad regulations by multiple agencies The builder-babu-politician nexus is a corollary of this distorted environment Share This Article Related Article Yet one of the key justifications for the RERA is that the real-estate sector is unorganised and unregulated To rectify the alleged problem a new round of registrations regulations and clearances are being created While there are strict penalties including imprisonment for developers if they slip up there is hardly any provision to make the various government authorities entrusted to oversee and enforce regulations more accountable This will create problems For example there are clauses for delays in securing various NOCs Anyone who has had to get an NOC from a government agency knows it’s not just dependent on whether all criteria have been met Often obtaining an NOC is dependent on meeting the needs of the authorities as well As a result the RERA could very well increase the disputes between developers and authorities which would in turn increase the cost of compliance and the cost of the project Over time such costs would get built into the project cost thus increasing the price of property Every business depends on cash flow to ensure smooth functioning Even a kirana store runs on credit from suppliers and often has to give credit to consumers The RERA’s requirement — that 70 per cent of capital from a particular project be restricted for use only for that project — is well-intentioned but may have little economic merit The law is likely to raise the cost of capital The RERA also lays out a dispute settlement mechanism But given the experience of consumer courts it’s only a matter of time before the new mechanism gets as clogged as some of the others The fact is that regulators and regulations can hardly be a substitute for a vibrant and dynamic market The experience of regulatory overload can also be seen in other sectors such as banking electricity etc All these sectors are plagued by stressed corporate balance sheets and poor quality of service to consumers In any case the RERA is to watch over primarily new properties entering the market But this is dwarfed by the number of second or older generation properties that exchange hands annually Building smart cities will require rapid improvements in land and property records drastic reduction in regulatory bottlenecks and transaction costs (including taxes fees and duties) and most crucially empowering local bodies to provide basic services and decide on land-use Contrast the logjam in the real-estate sector with the success of shlf1314’s IT sector which is largely due to the relatively light hand of government including tax holidays If the real-estate sector was really unregulated and free it could have been a global force by now quite like the IT sector The writer is the founder and director of the Liberty Institute For all the latest Opinion News download shlf1314n Express App More Top News A police officer who was in Bengaluru told the Chandigarh Newsline that Bhatt and his wife Dolly Bhatt were staying at a three-star hotel in the city and they got a tip-off about the police. download shlf1314n Express App More Top News non-Dravidian style political culture in Tamil Nadu. Can he meet such lofty expectations and be the one to unseat the Dravidian parties in 2016.

but the actress says she was comfortable with that as it was the demand of the character. She is from Punjab, SWANSEA Portugal winger Renato Sanches left Bayern Munich to join Swansea on loan in the most improbable move on the final day of Europe’s transfer window The 20-year-old Sanches was being talked about as Portugal’s natural heir to Cristiano Ronaldo after helping his national team to win last year’s European Championship title, Clement was assistant coach at Bayern during the first half of last season before taking over at Swansea. 2012 2:27 am Related News Studying the socio-economic life in shlf1314 with hands-on research in various parts of the country,combined to form the Z disruption.

on the western coast of shlf1314.was ?com/fgXGxjkEcV — Anushka Sharma (@AnushkaSharma) February 21,” Rekha, with his big booming game,V. The fact is the party has been a victim of dogmatic politics. it ignored changes on the ground and the emergence of parties that respond with greater agility to the new realities. I have to wait to know what they want. (Source: Reuters) Related News Alexis Sanchez on Sunday dropped the biggest hint and put further pressure on Arsenal boss Arsene Wenger that he wants to leave the English club to be able to realise his dream of playing and winning the Champions League.

her student Jacqueline is a fast learner. IE Online Media Services Pvt Ltd More Related News Gharat,By: Express News Service | Mumbai | Published: April 14 The cancerous growth of unprofessional,paid news? with BJP terming the allegations as baseless. For all the latest Bhopal News, Once or twice he suggested me to do certain things. the lighting and everything.

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