SAHAKARSUTRA

  RERA Implementation: Transforming India’s Real Estate Sector The  Real Estate (Regulation and Development) Act , 2016 (RERA) represents a pivotal advancement in India’s real estate sector. Enacted to safeguard homebuyers’ interests, RERA introduces a robust regulatory framework that enhances transparency, accountability, and consumer protection. This article explores the key aspects of RERA’s implementation, its impact on the real estate market, and the challenges it faces. Key Provisions of RERA Implementation 1.Firstly, RERA mandates that all real estate projects, whether residential or commercial, must be registered with the Real Estate Regulatory Authority (RERA) before developers can advertise or sell. This requirement ensures that developers are accountable and that they disclose project details—such as approvals, timelines, and financial aspects—transparently. 2.Moreover, under RERA, developers must provide comprehensive information about their projects. This includes...

Satark Nagrik Foundation welcomes Maharashtra Cabinet decision to abolish NA Tax - Years of follow up has given result says Dayanand Nene  Maharashtra's cabinet has abolished the non-agricultural tax, easing burdens on housing societies and reducing multiple taxation amid urban growth. Welcoming the move, Dayanand Nene, President of NGO Satark Nagrik Foundation said, “Housing societies will benefit for this. They have simplified the procedure. When a property is developed, it is converted from agricultural to non-agricultural land and taxes are paid. It is not proper to charge tax again.’’ Nene informs that he and his NGO have been trying to get the British time, now outdated NA Tax abolished for many years now. One can type NA Tax & Dayanand Nene on Google to get more information about our efforts.