Revised Schedule Vi

Good Essays
It is desired by the Organisers of the Seminar that in the present lecture which has a duration of about 1 hr. 15 minutes (out of which 20 minutes are set apart for question / answer session) I should deal with a wide range of subjects like, MOFA, TDR, ULCR, SLUM REDEVELOPMENT SCHEME, STAMP DUTY, PROPERTY TAX etc INCLUDING CURRENT ISSUES AND CONTROVERSIES IN RELATION TO THE SAME. Due to constrain of time I shall attempt to give only a bird’s eye view of the above topics and in the process deal with some important issues of topical interest.

2. Considerable construction activity is carried on in Mumbai by individuals and corporates. Public Financial Institutions have come forward to provide very substantial financial assistance in shape of bridge loans and construction loans to Builders and Developers and Home loans to flat Purchasers. This financial output has given entirely a new dimension to the construction industry in Mumbai.

3. The construction industry is set to create more and more housing stock to provide the same to the ultimate users in Mumbai on ownership basis.

4. It is recongnised in most cases that the land Owner has no expertise, experience, infrastructure, resources, co-ordinating or organizing skills to undertake development work in respect of any developable piece of land. This responsibility can be undertaken only by Developers having the above attributes.

MOFA

5. The construction activities of the Builders and Developers in Maharashtra are regulated by the Maharahstra Ownership Flats Act, 1963. The full title of the Act is

“The Maharashtra Ownership of Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer Act), 1963”.

The Act has a very wide amplitude and imposes various responsibilities on the Builders/Developers which they may ignore to discharge only under the threat of penal proceedings including imprisonment.

6. The Builders / Developers

You May Also Find These Documents Helpful

  • Better Essays

    Revised Schedule Vi

    • 33304 Words
    • 134 Pages

    ACCOUNTING AND AUDITING UPDATE This heading style is set in Univers bold 27.5pt on 30pt Revised Schedule VI February 2012 This paragraph style is set at 12pt with 16pt leading and 8pt space after. Also in this issue: • Secondary headline number one Description written here • Secondary headline number one Description written here • Secondary headline number one Description written here 1 | Accounting and Auditing Update - February 2012 © 2012 KPMG, an Indian Registered Partnership and…

    • 33304 Words
    • 134 Pages
    Better Essays
  • Satisfactory Essays

    revised schedule

    • 310 Words
    • 2 Pages

    Alfred believes that by including a $5 dog toy with each shipment he can increase the number of purchasing customers in period 1 and each subsequent period by 25%. If this is true, what would be the new CLV? QUESTION 6: Alfred believes that by including a $5 dog toy with each shipment he can increase the number of purchasing customers in period 1 and each subsequent period by 25%. If this is true, what would be the new CLV? 0.00 is INCORRECT. Time: 0 min, 6 sec THE ANSWER AND EXPLANATION…

    • 310 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Schedule

    • 883 Words
    • 4 Pages

    14627-0345 Call: (585) 275-5953 Fax: (585) 461-3055 Online, visit our website: www.rochester.edu/parking/shuttle.htm Forgot Something? Call Lost & Found (585) 275-5953 ♼PRiNtEd ON RECYCLEd PaPER UNiVERSitY COMMUNiCatiONS · 0756-912 ShUttLe SChedULe CW CW COrPOrAte WOOdS Destinations • Corporate Woods (30/120/155) • Lattimore Office Building • Whipple Circle Monday through Friday 7:15 a.m.–6:00 p.m. No shuttle on University holidays Shuttle Information Monday through Friday, 8 a…

    • 883 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    schedule

    • 9958 Words
    • 40 Pages

    T.C. DOĞUŞ ÜNİVERSİTESİ 2013-2014 GÜZ YARIYILI DERS PROGRAMI / THE ACADEMIC YEAR OF 2013-2014 FALL SEMESTER WEEKLY COURSE SCHEDULE Ders Kodu Kontenjan Öğr. Ele. ID Course Code Quota Instructor ID Öğr. Ele. Adı Instructor's Name P.tesi Monday Salı Tuesday Çar. Wednesday Per. Thursday Cuma Friday C.tesi Saturday ALM101/01 [#35] 581(F) ZÜMRÜT DEMİRSOY 8,9[K.615] - 8,9[K.508] - - - ALM101/02 [#35] 581(F) ZÜMRÜT DEMİRSOY -…

    • 9958 Words
    • 40 Pages
    Satisfactory Essays
  • Good Essays

    Schedule

    • 936 Words
    • 4 Pages

    Carla Torres March 19 2013 Appearances in People Person´s first impression stays in the mind of others for the rest of their life. Appearances itself covers a countless amounts of things like physical characteristics, posture, movements, tone of voice, the smile, hygiene, and numerous other things. Every human in the world has their own appearance. The reason is that they need to be a successful person, to reach good things in life. However, the exterior perception that make about…

    • 936 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    CAPSTONE REVISED

    • 3908 Words
    • 21 Pages

    Capstone Project Policies and Guidelines Bachelor of Science in Information Technology NORHTERN SAMAR COLLEGES Catarman, Northern Samar Created January 2014 CAPSTONE PROJECT GUIDELINES Table of Contents IT Department Mission and Vision General Information Objectives Suggested Areas for Capstone Project Pre-requisites Policy on Regrouping Capstone Project Team Duties And Responsibilities Of The Proponents/Researchers Duties And Responsibilities As The Subject Teacher…

    • 3908 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    schedule

    • 575 Words
    • 2 Pages

    Maria Katrina Mangahas 27 March 2014 DFM7 Reconse – Research Work 1. Discuss why Ethics is important in business. - Ethics concern an individual’s moral judgment about right and wrong. Decisions taken within an organization may be made by individuals or groups, but whoever makes them will be influenced by the culture of the company. The decision to behave ethically is a moral one; employees must decide what they think is the right course of action. This…

    • 575 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Vis Rules

    • 6641 Words
    • 27 Pages

    Tenth Annual WILLEM C. VIS (EAST) INTERNATIONAL COMMERCIAL ARBITRATION MOOT Hong Kong SAR September 2012 - March 2013 Oral Arguments 11 to 17th March 2013 th THE RULES Organized by: The Vis East Moot Foundation Limited INTRODUCTION I. The Willem C. Vis (East) International Commercial Arbitration Moot 1. The Willem C. Vis (East) International Commercial Arbitration Moot is an annual competition of teams representing law schools throughout the world (the "Moot"). In the Ninth Annual Moot…

    • 6641 Words
    • 27 Pages
    Powerful Essays
  • Satisfactory Essays

    North Korea vis-a-vis USA

    • 382 Words
    • 2 Pages

    Faculty of Economics and Political Science US Policies vis-à-vis North Korea Table of Contents Page Introduction 1 Part 1. U.S. Policy toward North Korea under G.W.Bush Why Bush…

    • 382 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    revised

    • 929 Words
    • 4 Pages

    Josh Reynolds Dr. Laura Rutland LENG 111 10/7/13 Erie Has Changed The article Mounting Mount Erie was written by a citizen and critic of the city of Erie, Cory Vaillancourt. He writes for a newspaper known as the Erie Reader. Although the title might seem funny to some people, this article is very serious. Some of the events that were written about are depressing and need to be changed. Corey Vaillancourt uses pathos, ethos, and logos throughout the article in order to describe what the…

    • 929 Words
    • 4 Pages
    Good Essays