WIRC of ICAI X Taxmanns Maharashtra RERA Law & Practice Practiceoriented book providing a detailed analysis examining the le

This book provides an exhaustive analysis of the Real Estate (Regulation and Development) Act (RERA), 2016, discussing its multifaceted impact on the real estate sector. It thoroughly examines RERAs legal, professional, and practical dimensions and associated regulations, catering to various stakeholders. Organised into multiple sections, each part of the book focuses on distinct elements and viewpoints relevant to real estate regulation, ensuring a comprehensive understanding.This book incorporates the perspectives of the following stakeholders: General Section (Applicable to All Stakeholders) Promoters Real Estate Agents Allottees and Association of AllotteesProfessional Perspective including CAs, Advocates, Engineers, ArchitectsThe Present Publication is the 2nd Edition, authored by the study group of industry experts & representatives from all stakeholders. It is edited by CA. Ramesh S. Prabhu & coedited by CA. Vinay Thyagaraj, with the following noteworthy features: [Content and Structure of the Manual] The manual covers various practice areas like registration, certification, and litigation, catering to different stakeholders. It includes legal provisions, SOPs, FAQs, and judicial rulings [Inclusion of Peripheral Subjects] Beyond RERA provisions, the manual also addresses related areas likeo Income Taxo GSTo Stamp Dutyo Registrationo Insolvency and Bankruptcyo Other Relevant Laws [Practice Manual for Practitioners and Professionals] The manual serves as a guide for new entrants and a reference for seasoned real estate practitioners, covering legal aspects and including various formats and drafts [Limitations and Challenges] The manual acknowledges the limitations in applying a uniform approach to practice and nonpracticeoriented topics, aiming to elevate the standards of beginners and intermediate practitioners [Professional Application and Compliance] It emphasises the need for Chartered Accountants and professionals to apply their knowledge creatively while adhering to RERAs objectives and client needs [Dynamic Nature of RERA and Legal Changes] The manual incorporates the evolving nature of RERA, legal pronouncements, and building regulationsThe detailed contents of the book are as follows: General Applicable to all Stakeholderso Overview of RERA, 2016o Journey & Implementation of RERA & Important Circulars of MahaRERA from Inception till December 2023o Objective and Purpose of RERAo Real Estate Sector Deficiencies Addressed by RERAo The Authorities to Implement the Acto Powers and Functions of the Real Estate Regulatory Authorityo Powers and Functions of Adjudicating Officerso Central Advisory Council Establishment and Functionso Real Estate Appellate Tribunal and its Functions and Powers Promoter From the Promoters Perspectiveo Promoter under RERAo Functions and Duties of Promotero Registration of Real Estate Project Legal Frameworko Documents Required and the Process of Registrationo Operation of RERA Designated Bank Accounto Financial Planning for Real Estate Projectso Quarterly Progress Report (QPR) to be done by the Promoterso Procedure to Extend the Period of the Registrationo Procedure for Amendment or Modification in the Sanctioned Planso Transfer of Real Estate Project to Third Partyo The Transfer of Titleo Force Majeure and COVID Impact on Real Estate Sectoro Advertising and Marketing Post RERAo Importance of End Date/Completion Date and Date of Possession under RERAo Change in Process and Procedure of Real Estate Business postRERAo Car Parking Space and MahaRERA Circularo RERA Compliance Report by Chartered Accountanto DeRegistration of the Projecto Gradation of Real Estate Projects Agent From the Real Estate Agent Perspectiveo Registration of Estate Agents Legal Frameworko Process to Obtain Registration for Real Estate Agento Functions of Real Estate Agento Impact of RERA on Estate Agentso Changing Business Landscape for REALTORS Post RERAo Training and Certification for Real Estate Agentso Self Regulatory Organisation for Real Estate Agents.o AntiMoneylaundering, Countering the Financing of Terrorism and Combating Proliferation Financing Guidelines for Real Estate Agents, 2023 Allottees From the Allottees and the Association of Allottees Perspectiveo Revocation of Registration of the Projecto Stalled Real Estate Projects and Revivalo Alternative Investment Fund for Real Estate, including SWAMIH Fundso Rights and Duties of Allotteeso Association of Allotteeso Remedies for Conveyance and Deemed Conveyanceo Allottee Due Diligence Before Purchasing Property Professional From a Professional Perspective for CAs, Advocates, Engineers, Architectso Title Certificateo Allotment Letter, Agreement for Sale and Sale Deedo Role and Responsibilities of Architect under RERAo The Roles & Responsibilities of a Civil Engineer and Issue of FORM 2 under RERAo Quality Assurance and Defect Liability under RERAo Certificate in F