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Real Estate Law Should Be Made Applicable To Small Projects: Panel

Real Estate Scorecard Announces 2014 Bliss Award Winner for Best Equestrian Community of the Year - Lakewood Ranch in Sarasota Florida

It suggested the legislation should be amended to ensure the applicability of the Bill on area of land proposed for residential construction upto 100 square meters and number of apartments to be developed (not exceeding 3 numbers) instead of 1,000 square meters, the panel said. The committee said that as per the Bill, in case a promoter fails to discharge any obligation, he will be liable to pay a fine. It said the compensation should be calculated in a judicous manner keeping in consideration the principal amount paid by the allottee and the rate of interest. The panel also said that under the Bill, it was the responsibility of the promoter to obtain a completion certificate. It suggested a suitable time limit should be specified for authorities to provide completion certificates. The committee also recommeded clauses should be added in the Bill which empower the Real Estate Regulatory Authority to give directions to state governments to put in place a single window system for all providing all the necessary clarances to a builder or promoter.
For the original version including check it out any supplementary images or video, visit http://www.livemint.com/Politics/n28ZrOrixvbwJPlMxAzNwN/Real-estate-law-should-be-made-applicable-to-small-projects.html

While Real Estate Scorecard's focus today is on recognizing Lakewood Ranch equestrian amenities, the community is a city in and of itself! Main Street Shopping, Lakewood Ranch Medical Center and top rated schools are built within the neighborhood. This comprehensive master-planned community will have 20,000 homes spread across nine villages at the projects completion. Approximately 8,500 homes have been built to date. Esplande is the communitys newest neighborhood. Four championship golf courses, two clubhouses with dining, an elaborate tennis center and wellness center are more amenities at Lakewood Ranch. New homes can be found under $200k and ranch equestrian properties can exceed $2 million. Real Estate Scorecard applauds Lakewood Ranchs inclusion of horse amenities into their award winning neighborhood. ABOUT REAL ESTATE SCORECARD BLISS AWARDS: After visiting 241 master-planned communities in the Southeast, only 140 or 58% have made 'the cut' as of 2014 and are worthy of being included on Real Estate Scorecard's 'best list'. Bliss Awards are presented annually to the best master-planned communities we find in Florida, Georgia, The Carolina's and Tennessee.
For the original version including any supplementary images or video, visit http://www.virtual-strategy.com/2014/02/18/real-estate-scorecard-announces-2014-bliss-award-winner-best-equestrian-community-year-la

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