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Walls And Acres
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We represent Walls & Acres, a group company of CRSI. We help our customers to find the best properties, as per their specific needs, in the most efficient and effective way. We are into Residential and Commercial Rental/ Buy/ Sale of office spaces/ flats/ Villas/ lands and also in lot of other Real Estate space/ Property Management, including Investment.We assure you ‪#‎BestRealEstateService‬
We represent Walls & Acres, a group company of CRSI. We help our customers to find the best properties, as per their specific needs, in the most efficient and effective way. We are into Residential and Commercial Rental/ Buy/ Sale of office spaces/ flats/ Villas/ lands and also in lot of other Real Estate space/ Property Management, including Investment.We assure you ‪#‎BestRealEstateService‬

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"The Preservation of Freedom is not the task of the soldiers alone. The whole nation has to be strong."He is known as a ‘simple man with an exemplary lifestyle.’  He was posthumously conferred with the Bharat Ratna Award. Much is said about Gandhiji and his ideals. Let us not forget that Lal Bahadur Shastri also deserves the same amount of veneration and commemoration as a National Hero. 
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"The Preservation of Freedom is not the task of the soldiers alone. The whole nation has to be strong."He is known as a ‘simple man with an exemplary lifestyle.’  He was posthumously conferred with the Bharat Ratna Award. Much is said about Gandhiji and his ideals. Let us not forget that Lal Bahadur Shastri also deserves the same amount of veneration and commemoration as a National Hero. 
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The Real Estate (Regulation and Development) Bill
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The Real Estate (Regulation and Development) Bill is a pioneering initiative to protect the interest of consumers, to promote fair play in real estate transactions and to ensure timely execution of projects.
The Bill provides for a uniform regulatory environment, to protect consumer interests, help speedy adjudication of disputes and ensure orderly growth of the real estate sector. The Bill contains provisions of registration of real estate projects and registration of real estate agents with the Real Estate Regulatory Authority; functions and duties of promoters and allottees; establishment of Real Estate Regulatory Authority; establishment of fast track dispute resolution mechanism through adjudication; establishment of a Real Estate Appellate Tribunal; offences and penalties etc.
These measures are expected to boost domestic and foreign investment in the sector and help achieve the objective of the Government of India to provide ‘Housing for All by 2022’, through enhanced private participation.
The Bill ensures mandatory disclosure by promoters to customers through registration of real estate projects as well as real estate agents with the Real Estate Regulatory Authority. The Bill aims at restoring confidence of the general public in the real estate sector; by instituting transparency and accountability in real estate and housing transactions. This in turn will enable the sector to access capital and financial markets essential for its long term growth. The Bill will promote orderly growth through consequent efficient project execution, professionalism and standardization.
The Bill is expected to ensure greater accountability towards consumers, and to significantly reduce frauds and delays. The Bill is also expected to promote regulated and orderly growth through efficiency, professionalism and standardization. It seeks to ensure consumer protection, without adding another stage in the procedure for sanctions.
The salient features of the Bill are as under:-
(a). Applicability of the Bill:
The proposed initial Bill was applicable for residential real estate. It is now proposed to cover both residential and commercial real estate;
(b). Establishment of Real Estate Regulatory Authority:
· Establishment of one or more ‘Real Estate Regulatory Authority’ in each State/ Union Territory (UT), or one Authority for two or more States/UT, by the Appropriate Government for oversight of real estate transactions,
· To appoint one or more adjudicating officers to settle disputes and impose compensation and interest;
(c). Registration of Real Estate Projects and Registration of Real Estate Agents:
Mandatory registration of real estate projects and real estate agents who intend to sell any plot, apartment or building, with the Real Estate Regulatory Authority;
(d). Mandatory Public Disclosure of all project details:
Mandatory public disclosure norms for all registered projects such as details of promoters, project, layout plan, plan of development works, land status, status of statutory approvals and disclosure of proforma agreements, names and addresses of real estate agents, contractors, architect, structural engineer etc.;
(e). Functions and Duties of Promoter:
· Disclosure of all relevant information of project;
· Adherence to approved plans and project specifications;
· Obligations regarding veracity of the advertisement for sale or prospectus;
· Rectify structural defects;
· Refund money in cases of default;
(f). Compulsory deposit of 50 percent:
To compulsorily deposit 50 percent (or such lesser percent as notified by the Appropriate Government) of the amounts realized for the real estate project from the allottees in a separate account in a scheduled bank within a period of fifteen days to cover the cost of construction to be used for that purpose;
(g). Adherence to declared plans:
· To bar the promoter from altering plans, structural designs and specifications of the plot, apartment or building without the consent of two-third allottees after disclosure;
· However, minor additions or alterations permissible due to architectural and structural reasons;
(h). Functions of Real Estate Agents:
· Real estate agents to sell properties registered with the Authority;
· Maintain books of accounts, records and documents;
· Not to involve in any unfair trade practices;
(i). Rights and Duties of Allottees:
· Right to obtain stage-wise time schedule of project;
· Claim possession as per promoter declaration;
· Refund with interest and compensation for default by the promoter;
· Allottees to make payments and fulfill responsibilities as per agreement;
(j). Functions of Real Estate Regulatory Authority:
The Authority to act as the nodal agency to co-ordinate efforts regarding development of the real estate sector and render necessary advice to the appropriate Government to ensure the growth and promotion of a transparent, efficient and competitive real estate sector;
(k). Fast Track Dispute Settlement Mechanism:
· Fast track dispute resolution through adjudicating officers (District Judge);
· Appellate Tribunal to hear appeals;
(l). Establishment of Central Advisory Council:
To advise the Central Government on implementation of the Act, recommend policy, protection of consumer interest and to foster growth and development of the real estate sector;
(m). Establishment of Real Estate Appellate Tribunal:
Real Estate Appellate Tribunal to hear appeals from orders of the Authority and the adjudicating officer. The Appellate Tribunal is to be headed by a sitting or retired Judge of the High Court, with one judicial and one administrative/technical member;
(n). Punitive Provisions:
Punitive provisions including de-registration of the project and penalties in case of contravention of provisions of the Bill or the orders of the Authority or Tribunal;
(o). Bar of Jurisdiction Courts:
Provision for barring jurisdiction of court and any authority from entertaining complaints in respect of matters covered under the Bill;
(p). Power to make Rules and Regulations:
· Appropriate Government to have powers to make rules over subjects specified in the Bill;
· Regulatory Authority to have powers to make regulations;
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Before you can call a place home, you have to tread a long road that involves detailed planning and years of savings. A good real estate agent is all it takes to make the journey smooth. For this, it is important that the selection is done carefully.Apart from this Real Estate Agents are source of revenue to country's economy either directly or indirectly.
RICS, a self-regulatory body, has launched a code for real estate brokers. The code has been supported by several leading brokerages. Some points of the code include:
>>Conduct business in an honest, fair, transparent and professional manner.
>>Ensure that clients are provided terms of engagement and incorporate details of complaint-handling procedures.
>>Avoid conflict of interest and, where they do arise, deal with them openly, fairly and promptly.
>>All communication with clients should be fair, timely and transparent.
>> Advertisements should be honest and decent.
>> Brokers should have professional indemnity/ error or omission insurance to ensure customers do not suffer loss as a result of any negligent act.
>> Give a realistic assessment of the likely selling, buying or rental price or associated cost of occupancy to the client based on market evidence and using best professional judgment.
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Investing in ‪#‎REALESTATE‬ ? ‪#‎Prelaunch‬ precisely?
Watching the blossoming nature of real estate sector, people are getting into property investment. But they hardly know how to invest wisely. If you wish to become a good investor you should know and how to invest properly.
There are many options for you to invest. There are some who invest in newly launched properties or there are others who invest in resale properties. Still there are many who invest wisely on the yet-to launch or prelaunch projects.
Property investment is wise and better in many ways. Compared to other investment options such as bank deposits or gold, the real estate investment offers better and higher returns to the investors. More noticeably the rate of returns is also higher.
In short, your investment on property gets doubled or multiplied within shorter period of time when compared to other forms of investment. The risk in the property investment is also very less and lower.
If you decide to invest on property, you should be careful about many things like the nature of location, growth and connectivity of the location, other nearby land marks and social infrastructure like schools hospitals and so many others like these.
Now one of the best forms of investment is investing on prelaunch property which brings you better returns to the investors within a short period of time. You are to spend merely a 10% or around of the total cost of the project and by the time the construction gets over, you will be able to resale the property and gain better returns.
Many builders offer various incentives and freebies for their projects in the prelaunch period. This also enlarges the returns between the cost and property price.
Even if you do not have a plan to order a prelaunch property you can still have the option of investing as many builders offer 10 to 12% of interest to the investors. So now you feel that it is wise to invest in prelaunch projects than a fully developed project.
At wallsandacres.com we feel it as our pleasure to educate our clients before they get into any field of Real Estate..
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Investing in ‪#‎Prelaunch‬ ? Check this...
This is a big headache for those who have booked homes in pre-launch and launch stages. In case the project is not delivered on time, they have to keep paying both rent and equated monthly installments (EMIs) on home loans, which can be a huge financial burden. Developers, on their part, blame delays in project approvals. After acquiring land, it takes around two years for a developer to get the certificate for starting the construction. This is one of the major issues plaguing the country's real estate sector.
But how can buyers deal with this?They should not get lured by low prices. They should check the builder's record of abiding by timelines. Also, there should be a clear penalty clause in the builder-buyer agreement under which the former must be liable to pay the buyer in case of a delay. If the builder refuses to pay the penalty, buyers can file complaints in consumer redressal forums at district, state and national levels. They must also check the financial status of the developer to see if it has the funds needed to complete the project.Buyers must check whether all approvals are in place or not. Also, they can opt for smaller projects. Developers are coming out with township projects which are very big and difficult to manage compared to small projects with 200-700 units.
Worrying? We are there for you. We at Walls And Acres,take utmost care in assisting you with the decisions of investing in Pre-launch. We suggest you the best Pre-launch which fetches you unseen profits.Come join us @ www.Discountedfloor.com
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Check out the answer to : Why Should we paint the walls.
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Prominent Cities In India
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My period of disposal was very limited. There was uncertainty from the beginning. Yet, I wanted to do as much as possible within the given time.
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