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Budget Expectations 2023 – Real Estate

#Budget2023 is the prime focus right now and with it are the #budgetexpectations! Business, industries and sectors are sharing their expectations from the upcoming Budget which will be released tomorrow.

Watch on #LawWiser pre-budget expectations #RealEstate, as shared by Harsh Shah, Partner, Economic Laws Practice (ELP). Watch Harsh shares insights on expectations with GST law for the real estate sector.

Tune in to watch and understand

– Key changes expected in the budget for the real estate sector

– Deductions on account of land

– GST on redeveloped units

– Low-cost housing benefits

– Optional to permit payment of GST using ITC at a higher rate or lower rate with no ITC

– Credit eligibility for commercial leasing/sale

– The rationale behind the expectations


Must Know Renting Laws – Laws Protecting Home Owners

Watch now the second video of ‘Must Know Renting Laws’ Series. As you become a homeowner, there are certain rights conferred to you.

But, what are those rights and how do they benefit you?

Today, Avani Shukla, Associate – Content and Collaborations, LawWiser, will take you through a very important part of renting laws which is – ‘Laws Protecting Homeowners.’

She will be covering critical aspects like –

– Eviction of the tenant

– Right to temporary recovery of possession

– Right to be advised of repairs and changes

– Maintenance and Damage Repairs Post Renting


Successful Bidder Cannot Wriggle out of a Bid in Liquidation | #InAMinute 

Watch Now LawWiser’s latest In a Minute video on ‘Successful Bidder cannot wriggle out of a bid in liquidation’ featuring Neha Naik, Associate Partner, Phoenix Legal.

There is a growing trend of successful bidders in insolvency as well as liquidation proceedings wanting to retract their offers citing various reasons.

In this video, Neha explains that the Bidder cannot wriggle out of the contractual obligations arising out of acceptance of his Bid for sale as a going concern in liquidation. She quickly takes us through 2 important decisions one by the Supreme Court of India and the other by the National Company Appellate Tribunal (NCLAT).

The decisions are related to the fact that after accepting the bid, the bidder will not be entitled to the withdrawal if they fail to comply with the terms of the contract and consequently the bidder cannot wriggle out of the contractual obligations.

#inaminute #ibc #insolvency #bidding #contract #liquidation #supermecourtofindia #nclat #contractualobligation #corporatedebtor


RERA – Work in Progress

The Real Estate (Regulation and Development) Act, 2016, RERA, was a paradigm shift for the real estate sector in India.

Watch now LawWiser’s latest video on the topic ‘RERA: Work in progress’, featuring Akhilesh Kumar – General Counsel at SGS Group in conversation with our host Avani Shukla. Watch Akhilesh share insights on the success of the Act, how it has it been an effective grievance redressal mechanism in the country. He also, shares what are the reforms that are required to stop the non-compliance issues relating to the Act.

He has further highlighted why the States have taken time to implement it. On this he shares, “it was the process of setting and the mechanism to deal with the consequences of the implementation of the Act, which took time to enact the Law”.


Electricity Rules, 2020 (Rights of Consumer)

Watch this video with LawWiser as Vineet Bose, Senior VP – Legal And General Counsel, Nuvoco Vistas Group, takes us through the important aspects of the Electricity (Rights Of Consumers) Rules, 2020.

In this video Vineet has discussed the changes in the legal landscape with the introduction of these rules in December last year. He also compares it with pre-existing legislations such as the Consumer Protection Act. He has also covered some of the technical aspects of the rules such as- the provision of mandatory gross metering for rooftop solar projects. The effect that these rules will have on the industry such as impact on distribution companies in the Roof top-Solar Industry. Further covering how it will impact Employment, Procurement and Construction Developers.


Electricity has always been a concern for the people living all across the globe, as electricity is one of the significant resources that we require to sustain our lives in today’s era. With that, in India, Electricity Rules India were introduced to serve the basic needs of people.

Electricity Rules, 2020 and Rights of Consumer

After several rounds of discussion and thoughts, the ministry of power has issued electricity rules 2020 (rights of consumers) to make it easy for the consumers to accessibility of their rights

  1. New connections- This segment emphasis on the delayed billing and incorrect metering issues that have been there in the news for a very long time.
  2. Compensation to consumers- As history has been evident that consumers have faced “N” no. of difficulties; the ministry has now clarified that a particular compensation will be provided for the non-supply or interrupted electric supply.
  3. Online payment of bills- As online transactions have become a trend, bills of over Rs 1000 will be paid online, and consumers will be further incentivized for it.
  4. Consumer grievance redressal forum- The forums have been introduced for quick solutions to consumers’ problems, with 2-3 representatives of consumers at different levels.

The right of consumers in electricity rules 2020 is a clear indication of the responsibility of the power sellers to ensure seamless power connections for the consumers.

Certain obligations of DISCOM

  1. DISCOM is authorized to publish a detailed procedure for the grant of connection and other requirements related to the shifting of meters for several purposes.
  2. DISCOM is also now allowed to check meters within 30 days.

DISCOM is thus evidently responsible for the rights of consumers in the electricity rules, 2020.

The government has also recently launched a new scheme called’ Neighborhood Energy’ to fulfil the necessary needs. This scheme provides money to consumers so that they can save energy. The National grid companies, who are the primary power sellers, have designed it.

It aims to provide electricity to the homes in the neighbourhood and encourage other consumers to save energy.

In a way, the consumers are helped through this scheme as well as the energy providers.

The consumers and the power sellers should work in partnership to improve the environment and improve their efficiency in the electricity sector.

In this way, it will reduce the load on the environment and make it possible to generate more energy for the community.

Electricity suppliers are now using clean energy resources to generate electricity, and this is one reason why consumers are always happy when they hear such news.

The competition between the different suppliers helps to keep prices down to a certain level. However, consumers should check out the deals offered by other suppliers. They should always opt for those plans which are most feasible for them.


Understandably, the rights of consumers under the electricity rules 2020 have been prioritized. However, still, a lot depends upon the successful implementation of the regulations by the authorities.

The consumers and the power sellers should work in partnership to improve the environment and improve their efficiency in the electricity sector.

In this way, it will reduce the load on the environment and make it possible to generate more energy for the community.

Consumers should also keep an eye on the reviews given by other consumers to make the best decision.

To get featured in more such conversations, write us on editorial@lawwiser.com


Construction Law Concept – Explainer

One of the tricky concepts to understand in construction law is the concept related to the extension of time for performance of the contract which is also known as “Time at large”.

Watch Prarabdha R Jaipuriar, General Counsel and Head of Contract Management, SUEZ India decoding this important concept and explaining various aspects of EOT mechanism, Liquidated Damages provision, and many others.

To get featured in more such conversations, write us on editorial@lawwiser.com

Visit our page – Lawwiser to watch more such interesting content


Exploring the Defence Policies for Atmanirbhar Bharat

In September 2020, the Defence Ministry of India released the new Defence Acquisition Procedure (DAP). The new policy replaced the Defence Procurement Procedure (DPP) 2016.

The new DAP 2020 is expected to unleash the huge capacity and potential of the Indian industry to provide a boost to Make in India for ‘Atamnirbhar Bharat’. LawWiser #InConversation with Akhil Prasad, Director, Country Counsel India and Company Secretary, Boeing explore the defence policies for Atmanirbhar Bharat and shares insights on:

1.) What are the Defence policies and their highlights under the Atmanirbhar Bharat initiative?

2.) What are the highlights of Defence Production and Export Promotion Policy?

To get featured in more such conversations, write us on editorial@lawwiser.com


A Practical Approach to FIDIC Contracts (India)

FIDIC is a French-language acronym for Fédération Internationale Des Ingénieurs-Conseils, which means the international federation of consulting engineers.

LawWiser in conversation with Prarabdha R. Jaipuriar, General Counsel, Indian Subcontinent at SUEZ India, takes a deep dive into understanding the approach to FIDIC contracts.

In this video get to know all about –

  1. What are FIDIC contracts and why should they be used specifically when it comes to construction field works?
  2. The issues to be kept in mind while amending them.
  3. How do Dispute Resolution Procedures work under FIDIC contracts?

To get featured in more such conversations, write us on editorial@lawwiser.com

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