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IEI Goa State Centre organises All India Seminar on RERA

The Institution of Engineers (India), Goa State centre organised a 2-Day All

India Seminar on RERA: A Change Management Exercise at Goa Science Centre

on 18-19th August 2018. The major attractions of this programme were Panel

Discussions at the National and State level, Lectures by the Eminent Speakers,

Paper presentations by the researchers and the Interactive sessions with the

delegates.

Inaugural Function

Delegates registering at the Register Counter

The 2-Day event started with the registration of delegates at the

Registration Counter at the venue. Thereafter, the inaugural function began,

with the Chief Guest of the function Dr. S.T. Putturaju, Chief Town Planner,

Town & Country Planning Department, Govt. of Goa, being escorted by the Er.

Gurunath M Naik Parrikar, Chairman of IEI Goa State Centre & Chairman of

Organising Committee to the dais and Guest of Honour Dr. Jagannath (Desh)

Prabhudessai, President of CREDAI escorted by Er. Deepak A. Karmalkar, Hon.

Secretary of IEI Goa State Centre and Member of National Advisory

Committee. The other dignitaries on the dais were Er. Datta Kare, Convener of

the National Advisory Committee and Er. Chandrashekar Prabhudessai,

Organising Secretary of the Organising Committee.

The Chairman welcomed the dignitaries, guests, delegates and participants. In

his welcome speech he said innovation in any sector brings benefits to all

stakeholders. He further said that the RERA Act has created a greater

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transparency in the Real estate Sector, which is tied with the Engineering,

Architecture, Finance, Law, and Housing etc. In order to accelerate &

streamline the construction activities, there is a need to adopt this act. This will

provide an opportunity to all stakeholders to have orderly growth through

efficient Project Execution and Standardization. The guests & dignitaries were

presented with rose and then the traditional lamp was lit.

The audience being welcomed by the Chairman Er. Gurunath M Naik Parrikar

Dignitaries were presented with rose. The dignitaries lighting the traditional lamp

Er. Chandrashekar Prabhudessai gave the introductory speech. He said that it is

the need of the hour that engineering division members should be aware of

the knowledge of the RERA Act, which will bring transparency, accountability in

housing transactions and boost the future in investments in Real Estate Sector.

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Er.Chandrashekar Prabhudessai, Er. Datta Kare & Shri Jagannath (Desh) Prabhudessai

presenting their views at the Inaugural Function

Er. Datta Kare in his speech, felt that with the introduction of the RERA Act,

the rules have changed, the process have been modified and hence all the

stakeholders must understand and clarify their roles & responsibility properly ,

where it would be a win-win situation to all the stakeholders in the Real Estate

industry.

The Guest of Honour Dr. Jagannath (Desh) Prabhudessai said that the act has

brought more professionalism in the real estate sector. He further said that the

liability period of the five years, after the enforcement of RERA has ensured a

quality in construction.

The Chief Guest, Dr. S. T. Putturaju guiding the audience at the inaugural function

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The Chief Guest, Dr. S T. Putturaju said the new act has protected the interests

of homebuyers and enhanced transparency in the real estate sector. He

further said that the central act provides greater visibility of the track record of

the builders and hence it helps in safeguarding the interests of the buyers. He

also said that investment in real estate has potentially increased after

implementation of RERA.

Finally, Shri Deepak A. Karmalkar proposed the vote of thanks. Smt. Yogita

Kharkanis compered the programme.

Shri Deepak A. Karmalkar proposing the vote of thanks. Smt. Yogita Karkhanis compering

the programme

Keynote Address by Dr. S T Putturaju

Dr. S T Putturaju in his Keynote Address said that more than a year after the

act came into force, the real estate reform remained a work in progress and

the state government needed to move fast to implement RERA in its entirety.

He further said that the Government bodies have major role to play if

credibility and confidence in the housing sector has to be restored. He

suggested “We need to go a little faster if we want to make RERA more

effective. A full time regulatory authority has not been appointed. There is one

man authority at the moment. There is a necessity for a full fledged RERA

authority, an appellate authority and adjudication court. We need to put the

entire system in place”.

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Dr. S. T. Putturaju delivering his keynote address. Chairman presenting a memento

Lecture on Transformation and Balancing of Rights &

Obligations by Shri Ashwin Shah

Chartered Accountant Shri Ashwin Shah, the RERA expert from MCHI, Thane

unit of Mumbai deliberated on RERA- Transformation and Balancing of Rights

& Obligations, Ongoing projects, Obligations of Land Owner. He also answered

all the queries placed before him by the delegates.

Chairman presenting a memento to CA Ashwin Shah. Ar. Snehalata Pednekar is also seen.

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Lecture on Impact of GST on Real Estate Sector by CA Ashit

Shah

Shri Ashit Shah presenting a lecture

CA. Ashit Shah specialised in Indirect Tax and Transaction Restructuring and a

regular faculty on seminars and meetings organised by Institute of Chartered

Accountants of India presented a lecture on Impact of GST on Real Estate

Sector and answered all the queries placed before him by the delegates.

Lecture on Landmark Judgements and rulings of RERA by Dr.

Sanjay Chaturvedi

Dr. Sanjay Chaturvedi, a research Scholar and an eminent personality in Real

Estate Industry, presented a lecture on Landmark judgements and rulings of

RERA.

Lecture on Adjudicating disputes related to Real Estate

projects by Adv. Saresh Lotlikar

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Adv. Saresh Lotlikar delivers a lecture. The Chairman presenting a memento.

On the second day i.e. 19th August 2018, Adv. Saresh Lotlikar, prominent

Advocate, former Advocate General of Goa and faculty of V.M Salgaonkar

College of Law delivered a lecture on Adjudicating disputes relating to Real

Estate projects. He also projected a detailed picture of the filing mechanism of

the complaints under RERA and Consumer Protection act.

Lecture on Home Buyer’s Protection under RERA by Adv.

Shivan Dessai

Adv. Shivan Dessai, a Practicing Lawyer in the High Court Bombay at Goa

spoke on home buyer’s Protection under RERA. He has also spoke of different

acts which homebuyers must take care, while buying the properties.

Er. Anwar presented a memento to Adv. Shivan Dessai

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Lecture on Overview of Income Tax provisions relating Real

Estate by Adv. Tanmay Phadke

Adv. Tanmay Phadke, a specialist in Income Tax while covering corporate

taxation; Transfer Pricing International Taxation & Trust Taxation presented a

lecture on Overview of Income Tax provisions relating Real Estate including

recent provisions and controversial issues in direct tax for real estate. He also

answered difficult queries from the participants.

Panel Discussion on National Level

The panelists at the National Level discussion were Er. Chandrashekar

Prabhudessai, Er. Kalicharan Srikanth, CA Ashwin Shah, CA Ashit Shah and Adv.

Tanmay Phadke. The Moderator of the Panel Discussion was Ar. Snehalata

Pednekar.

CA. Ashwin Shah presenting his views while Ar. Snehalata Pednekar moderates the panel

discussion

Panel discussion on the State Level

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Er. Datta Kare moderates the panel discussion at the State Level

The Panelists at the State level were Er. Deepak A. Karmalkar, Ar. Manguesh

Prabhugaonkar, Adv. Shivan Dessai and Ar. Anant Deshpande. The moderator

of the panel discussion was Er. Datta Kare.

Valedictory Function

Dignitaries releasing the Souvenir of the Seminar

The valedictory session was chaired by Er. Gurunath M Naik Parrikar,

Chairman of the IEI Goa State Centre & Chief Engineer, Public Works

Department, Govt. of Goa. He appreciated the efforts of the organising and

Technical Committee for successfully organising the seminar.

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Shri Chandrashekar Prabhudessai, Organising Secretary of the Seminar

welcomed the dignitaries, guests, delegates and participants. He expressed

happiness in organising this seminar, with painstaking efforts by all the

members of the Organising Committee, especially Er. Austin Rodrigues.

Shri Datta Kare, Convener of the National Advisory Committee thanked the

Headquarters for giving the opportunity to organise this seminar successfully.

He also thanked Architectural Division of the Headquarters, Managing

Committee of the IEI Goa State Centre and Organising Committee & Technical

Committee for co-operating with him in organising this program very well.

Thereafter the Souvenir of the Seminar and the IEI Goa News Bimonthly

magazine for the month June –July was released at the hands of the Chief

Guest. The participation certificates were also distributed by the Chief Guest

and other dignitaries. The participants also presented their feedback at this

occasion.

Dignitaries distributing the certificates to the delegates

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Delegates expressing their feedback of the Seminar

Finally, Er. Deepak Karmalkar proposed the Vote of Thanks. He appreciated the

contributions by each & every member who worked hard in spite of lots of

difficulties.

First & foremost, he thanked all the delegates for participating in this program.

He thanked Shri Vivek Kamat, Director of Technical Education, Principals of the

Engineering Institutions in Goa for deputing faculties and the students for this

Seminar.

He expressed gratitude to Shri Sudhir Mahajan, IAS, Secretary of Urban

Development, Govt. of Goa and Smt. R. Menaka, IAS Director of Urban

Development, Govt. of Goa for associating and supporting the seminar.

He also thanked the sponsors Escala Reality & NCC Ltd and also Advertisers

Tata Tiscon, Nanu Estate Pvt. Ltd, PNS Corporate Services Pvt. Ltd., Town &

Country Planning Department Govt. of Goa and Tiswadi Tribal Association,

Carambolim.

He thanked Er. Austin, Chairman of Technical Committee for calling the Paper

Presenters, Arranging the Speakers, Editing & printing the IEI Magazine and

Souvenir and designing the certificates for the delegates.

He also thanked Speakers & Paper Researcher for presenting their topics live

and attractive by clarifying all the doubts of the delegates.

He thanked Shri Siddharth Borkar for making good arrangement of Tea & Food,

Er. Purshottam Pai for making travel arrangement safe for the Speakers, Shri

Anwar Khan for arranging the Kit bags & Mementoes. He also thanked the

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following members for the useful contribution for this seminar namely ER.

Gajanan Karkare, Er. Yogesh Bhobe, Er. Rajendra Hegde, Er. Gerard D’Mello

and Er. Satyesh Kakodkar

He thanked Shri. Sanjay Perni, Shri Paresh Parrikar, Smt Vallavi Sirsat, Miss

Arti Raul, Mast. Satyam Maulingkar, Mast. Amay Kamulkar, Miss Chaitali Vast

for volunteering the work of the seminar.

He thanked Er. Chandrashekar Prabhudessai for coordinating and Contributing

with all the committees and successfully organising this seminar.

He also thanked Er.Datta Kare for advising & Guiding the Organising &

Technical Committees in all the decision making process for making the

seminar a grand success.

Finally he thanked the Chairman of IEI Goa State centre Er. Gurunath M Naik

Parrikar for Controlling and Managing the entire responsibility in successfully

organising this seminar under his able and dynamic leadership.

Members of the Organising Committee along with Dignitaries: Er. Gerard D’Mello, Er.

Chandrashekar Prabhudessai, Shri Ashit Shah, Ashwin Shah, Shri Paresh Sabadra, Dr.

Sanjay Chaturvedi, Er. Gurunath M Naik Parrikar, Dr. S T Putturaju, Er. Datta Kare, Er.

Rajendra Hegde, Er. Anwar Khan & Er. Satyesh Kakodkar.

Report Prepared By:

Er. Deepak Karmalkar

Hon. Secretary , IEI Goa State Centre

IEI Goa State Centre