Introduction of RERA and GST: A key milestone in Indian Real Estate
The Indian Real Estate will acquire a massive rise with the introduction of Real Estate Regulation and Development Act (RERA) and Goods and Services Tax (GST). The real estate frauds will be curbed now and margining on real estate will be possible. The latest trends are going to reshape the real estate sector in the upcoming era and increase the consumer confidence.
Real Estate Regulation and Development Act (RERA)
◉ A boon for the common man; the builder will now pay the buyer at the interest rate of 2 percentage points. In case of noncompliance, an imprisonment of up to three years is prescribed.
◉ The implementation of RERA will make builders charge only for the carpet area and not for the complete super built project.
◉ In case any ‘structural defect’ is found for five years after the project handover, the builder will be legally responsible to provide full assistance.
Goods and Services Tax (GST)
◉ The construction sector, counting real estate, has had an effectual tax outgo of between 11% and 18%. Under GST, the complete work contract will be charged 18% tax.
◉ The sector is expected to achieve from the input tax credit available under GST rules.
◉ Start-ups with flexible working options at affordable rents across Indian metros and Tier-II cities will be available.
◉ Co-working will ensure cost-efficiency, employee motivation and maintenance, boosted production and overcome low office vacancy.
◉ Co-working operators and corporates will shift into a ‘hybrid’ sort of space and progressively more count on each other.
New Service Tax Rate
This is bring to your notice that w.e.f. 01-05- 2016 the Service Tax Rate
4.35% will be apply to all type of flats and also, hereby inform that New Service Tax Rate 4.50% will be enforced w.e.f.
01-06- 2016 to all type of flats due to imposition of Krishi Kalyan Cess by Service Tax Department.
M.I. GROUP: one of the few builders providing best location project in Lucknow at
Market is flooded with real estate builders but it is hard to find the suitable
builder, which customers can rely on. If you are looking for a reliable and professional builder that can provide you with
budgeted property solution for manifold purposes, M.I. GROUP is the one which is highly reckoned and prestigious name.
They cover Up and Delhi-NCR with numerous commercial and residential projects. If you want buy flats in Lucknow they
have best location project in Lucknow at cost effective and budgeted rates. With their projects, they have gifted
customers with some of the very successful and grand projects. Understanding the ever-changing needs of customers
and immense investments in the real estate business, they always strive to include customer friendly solutions into
their projects along with ensuring higher returns received by property investors.
With M.I. GROUP you get varied range of options of property for commercial
and residential purposes. They are primarily focused with steady efforts and dedication in order to produce a blue-print
of their interminable success and growth in the real estate sector. Numerous best location project in Lucknow comprise
of most-talked about project in the town named as M.I. Rustle Court. This project has raised the standard of M.I. GROUP
to newer heights. Check out some astonishing projects of M.I. GROUP for a budgeted property to be used for commercial
or residential purpose or simply for investment to get huge returns.
Lucknow Residential Projects- Scaling New Heights By Providing Luxury And Comfort Within
Lucknow- capital city of U.P. is recognised as one of the colourful cities of
India in terms of culture and traditions. Presently, Lucknow is witnessing economic boom and is constantly involved in huge
number of investments in real estate business. In fact real estate sector is getting huge response from the city of Nawabs,
Lucknow. In present scenario Lucknow is becoming the leader if real estate business. Many people are now investing in
Lucknow residential projects especially many big and renowned organizations. Here you’ll get world class residential
as well as commercial that includes retail spaces, apartments, independent houses and builder floors. Thus Lucknow
is best suitable for those who dream of making their own home in India. Lucknow has become a huge hub of many corporate
enterprises and better employment opportunities. Because of this each year migrants come to the city and this results
in huge demand for demand for residential property in Lucknow. There are many other integral reasons like- the city
has got a unique combination of cultured and traditional grace, excel in excellent educational and commercial hub and
beautiful features of the city make this place favourite destination for everyone and because of this, demand for
residential property have also increased in Lucknow. Thus keeping all these aspects in mind investing in Lucknow
residential projects assures with great return in future. And the reason behind this is Lucknow’s high speed growth
of real estate infrastructure and economy that provides bright future to real estate investors and residents.
Apartments In Lucknow Are A Perfect Option For Staying In.
Lucknow is known as the city of nawabs.It is famous for its cultures and
heritage. In the modern era, the city has witnessed huge transformation in the living styles of people. Apartments In
Lucknow are high in demand. Individuals and families prefer to stay in apartments instead of other accommodations.
These flats are located in the poshest colonies of Lucknow like Gomti Nagar area, Indiranagar, Hazratganj etc. Location
plays a significant role when looking for an accommodation. The apartments are mostly centrally located in order
to provide customers easy transportation. Apartments in Lucknow are quite popular and are well equipped with basic
amenities. A large number of builders have built beautiful apartments and flats with innovative techniques and designs
in order to give its customers a luxurious living. They build under the expert guidance of architects. It offers huge
benefits like parking facility, peaceful environment, and ample power supply. Apart from this customers prefer to stay
in an apartment because it gives 24 hours safety and security to families. In addition to this, many flats have swimming
pool for children, gym facility, parks for playing etc. Many apartments are fully furnished also .It beneficial for those
individuals who have transferrable jobs. The cost of these apartments differs and depends upon the facilities offered.
Large number of people from all over the country are purchasing apartments in lucknow.Customers wanting to buy have great
options and variety. You can also find relevant details on the internet. Apartments In Lucknow are built keeping in mind
the city’s culture.
Top Class Apartments For Sale In Lucknow Which Are Designed To Perfection.
Finding a perfect apartment which is centrally located with all basic
amenities available nearby is not an easy task. A number of apartments are being offered in Lucknow which are creatively
designed by expert architects and centrally located with all facilities available nearby. If you are also looking for
apartments for sale in Lucknow, then you can have a quick loon online at various apartments available for sale. Some
best residential apartments are being offered in Gomti Nagar area provide top class facilities to buyers and are open
on three sides to give a better view. Different one room, 2 BHK, 3 BHK and 4 BHK apartments built in this area are
excellently designed by expert architects providing you with luxurious living rooms, bedrooms, dining rooms, bathrooms,
kitchen, balcony area, etc. Best quality infrastructure and all basic facilities as expected from any apartment are made
available to potential buyers.Not only from point of view of residence, luxury apartments for sale in Lucknow are also
apt for being considered as an investment, which is sure to give significant outcomes in long run. Investing in real
estate is indeed a profitable option; all you require to do is to invest in a top class apartment which you are sure
to find in Lucknow. So if you are interested in buying a residential apartment or flat in Lucknow, you can get all
important details online regarding availability, location, specifications and contact information. You can also book
apartments in advance in some best residential areas.
There Are Number Of Flats In Lucknow In Budget Friendly Costs
Boom and rise of civil industry has changed the complexion of cities in India.
Small or big, metropolitan or non metropolitan, every city has been positively affected by the rise of civil industry.
Giant structures of corporate buildings, apartments, malls have been made by top class builders and several are in
construction in almost every city of India. City of Nawaabs, Lucknow is also experiencing the boom of civil sector
with several top notch builders entering the play field of building apartments and malls. Expansion of Lucknow has
also helped builders to use outskirts of the city to prepare township of their own. This has meant that there are
hundreds of flats in Lucknow that can be bought by people. Life has become very busy and tense for the occupied people.
All they want after a hectic day of work is a nice home in a peaceful locality where they can rest and spend some quality
time with their family. There are number of great quality flats that are being manufactured by builders in different
localities under distinct price ranges. Quality of flats is of paramount importance for builders. Excellent quality
materials are used in construction of these flats. Pricing, sometimes, may be a little bit extra but the overall package
that is provided by builders is usually worth the money. Some builders even offer fully furnished flats in Lucknow at a
cost effective rate. Marbles, tiling, paints and accessories of supreme quality are used in construction of flats.
Choose The Best Among The Hundreds Of House For Sale In Lucknow
Lucknow, capital of Uttar Pradesh, is famous for its tradition and culture.
But now it is getting famous for all the townships and apartments that are being undertaken by several top notch builders
in the city and its outskirts. The city is expanding at a great speed and the outskirts are being targeted by builders to
construct luxury apartments for the natives. There are also a large number of constructions of houses and apartments
that are taking place in the midst of city. This clear boom in civil industry has put up hundreds of house for sale
in Lucknow. Buying a house can be a very important decision of your life and you have to keep your budget, requirement,
locality and the builder in mind. There are number of builders that provide high quality homes at low prices in your
favorite locality. You can contact these builders and they will promptly respond to your requirements and show you the
best possible houses under your budget and requirements. You can then choose from the wide range of house for sale in
Lucknow with the help of builders of Lucknow. New as well as used houses are available in the city that is up for sale.
While new houses can be made available to you by the builders, you can use advertizing websites for used houses in your
city. This will help you to see all the houses that are up for sale in Lucknow and buy the one that suits your
requirements the best.
Management of Critical Resources
Critical resources are those resources which generate high amount of
revenues for any business entity and are essential for managing vital its operations. Management of critical resources
is indeed an essential task to be accomplished for success of any project. In a construction business, one is required
to optimally manage critical resources working at their full capacity, so that no additional burden is placed on them
which may affect work efficiency. Identification of such resources is first task to be accomplished in this regard,
followed by their classification as per individual capacity, and then determining their most appropriate use to exploit
them to the fullest.
Mapping of Process Flow
Mapping of process flow involves making a systematic diagram of workflow for
providing a better understanding of various processes. A process flowchart basically comprises of 7 steps, namely,
determining boundaries, listing of steps, sequencing of steps, using correct symbols, proper modeling, checking for
completeness of flow and correcting any breaks, and then finalizing the process flowchart. This process flow mapping
helps enhance efficiency of any business entity. In construction business, various steps of process flow are properly
mapped in order to ensure effective project management and implementation. It also helps provide an opportunity to make
improvements in current process flow.
Review of Case Studies - better way of thinking
Case studies involve a descriptive analysis of any project. It is a research
strategy to analyze operations of any project in its realistic context. Reviewing case studies impart a better way of
thinking to manage business operations in optimal manner. In construction business, reviewing varied case studies helps
to analyze varied issues faced in practical operation of project. This analysis proves to be beneficial for understanding
practical implications in order to devise solutions for the same. In-depth study of cases is carried out to scrutinize
different operations and plan suitable strategies for dealing with practical difficulties in their effective implementation.
Time Motion Study improves productivity
Motion and time are two different concepts, often associated with productivity.
This is a scientific study for conserving human resources in order to find out most effectual method for performing a task.
Time study consists of various processes for determining time required for tasks which involve certain human activity.
Motion study consists of various processes for describing, systematically analyzing as well as improving work methodology.
Both these scientific studies go hand in hand are collectively referred as comprising basically three levels of operations,
including determination of methodology, followed by time assessment, and ending up with developing material for