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Press Release / News & Society / With Government Open to Amending IBC & GSTN, Road to Dream Home at The Hemisphere Becomes Paved With Joy

With Government Open to Amending IBC & GSTN, Road to Dream Home at The Hemisphere Becomes Paved With Joy

By The Hemisphere on December 18 2017 | 7 Views

As the government becomes more amenable to amending the IBC Code as well as the GSTN, it becomes the crucial turning point for real estate buyers.

The authorities are focussed on resolving all practical difficulties to redress grievances and come out with concrete assurance to any who seek relief under this law. The government also reiterated that it is monitoring implementation of the Code. Similarly the government reiterates that while many issues on GSTN sorted, all effort are on to make it hassle free. The government has brought real estate under a regulatory framework in the interest of the sector. The present government had taken several initiatives to remove all bottlenecks giving a boost to the housing sector. Apart from facilitating the functioning of large well established and renowned developers like The Hemisphere, it has imparted clarity, transparency and security as well as accountability to the sector that makes buying a dream home in The Hemisphere a process of happiness.

The IBC Code that provides for a market-determined and time-bound insolvency resolution process -- became operational in December last year. Since it is not practically possible to implement certain provisions (of the Code) or practically on some count the Code is silent, the gaps are being filled way of bringing new amendments. Further, if a particular provision is harsh or unworkable, then that provision is set to be omitted. It is incumbent upon the government to redress the grievances, giving much relief to the entire Real Estate Industry. The government is monitoring the implementation of the Code, practical difficulties which are being faced by some of the stakeholders and also getting feedback on implementation related issues.

In August, the Insolvency and Bankruptcy Board of India (IBBI) had amended regulations that allowed individuals who have to receive a payment from an insolvent company to seek the claim under the Code. The move has also enabled owners of undelivered flats to seek relief. A large number of flat buyers have been left in the lurch, especially in the National Capital Region (NCR), due to long delay in deliveries amid the developers citing fund crunch. Many of them are looking for relief under the Code. The resolution plan thus formulated would take care of interests of all stakeholders and also balance their interests.

Similarly, many issues on GSTN are already sorted and government effort is on to make it hassle free. Many of the issues which had arisen prior to the constitution of the Gum have been addressed. The attention to these issues from government side is from a very high level. The objective is to make the return filing process very smooth. The GSTN is trying to understand the problem of industry, trade business and if there are technical glitches how to remove them. Also feedback is being taken to make the changes so that the return filing process of smoothened.

All of these make your move into your dream house at the Hemisphere an unmitigated joy. One of the best options post GST is to possess your dream home in Greater Noida where our suggestion is the Hemisphere due to its multiple advantages.

The Hemisphere is poised to add premium sheen to it with its golf themed living splendour. We are proud to present to you The Hemisphere, fine luxury villa living , spread over a 100 acre site. Nestled in the City Centre of Greater Noida, The Hemisphere boasts of an advantageous location. The private residences of this exclusive community encircle a 9-hole golf course and other equally lavish lifestyle features.

Inspired by the very best from the world, The Hemisphere Golf Villas provide a million ways to experience the luxury living. These worlds’ finest luxury villas are the perfect amalgamation of sheer luxury & suburban lifestyle and have the multiple luxury clubs, a full- fledged sports complex, a wellness centre, banquet halls, orchards, hi tech cloud based security and more. These exquisite villas are meticulously crafted hence define elegance & class and offer all the residents the taste of luxury villa living.

A life well lived needs to be elevated to an exquisite living style. Where your passions flow and immerse in the playground of life. Each action enhanced to a 360 degree vision. Of a life of living luxury, with every amenity & facility conceivable at hand. Yet tightly embraced in greens. A placid certitude of sustainable living ensuring peace of mind-always!

Your search leads to Greater Noida villas. Where connectivity reaches out, to bring the Capital and NCR closer. Greens bloom and Pollution stays away. A planned sub city of ample spaces that allows a life you choose. And then settle yourself in a luxury villa in Greater NOIDA.

Nestling here, at THE HEMISPHERE, choose a life embedded in haute living even as you ensconce yourself in the greens. Amongst all the villas in Greater NOIDA, it’s centrally located and well connected to offices, children’s education, dining, partying holes & entertainment hubs of Delhi-NCR by the Metro, Road and Air. The 100 acres golf residence villas project property offers a 9-hole golf course in its span. Amidst expanses of greenery. And an embedded green construction that allows you to revel & celebrate a sustainable life. All that you can think of in terms of facilities are at a short distance in this golf residence villas .And also something you wish – crème de la crème community – wedded to a golfing high-living!



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