• Abhijit Sanjay puri
• Prof. Kiran ghorpade

In this project researcher focus on RERA impact, GST Impact and Covid 19 impact on construction Industry in India. While the adverse effects of the pandemic are already being felt across the world, varying opinions are emerging with respect to COVID-19’s impact on the real estate sector, a health emergency that has force launched the biggest ever work-from-home experiment globally, putting a question mark on the relevance of workspaces in a post-Coronavirus world. Much has changed since the Coronavirus hit the world in December 2019. Amid countries applying extreme measures to contain the pandemic, businesses came to a grinding halt across the world, forcing monetary agencies to slash growth forecasts for the global economy, India included. Projections by the International Monetary Fund (IMF) say India is headed towards a historic contraction of 4.5% in FY21, as a fallout of the pandemic. A construction project is commonly accepted as a successful project when the aim of the project is achieved in terms of scheduled objectives of finishing the project on time, within budget and to the required quality standard. The goods and service tax (GST) is a value added tax levied in India on the supply of goods and services. It is a comprehensive multistage, destination based on one nation one tax. Goods & Service Tax has made large scale changes in the working pattern of all the sectors of Indian Economy. One of the sectors is construction industry. GST on construction sector hiked to 18%. The government has hiked the Goods Service Tax Rate for the construction sector to 18% from 12%. But it also allowed deduction of land value equivalent to one third of total amount charged by the developer for GST calculation. In this paper the factors which affect the construction industry through GST is identified. And the analysis of identified factors has been done. Delay in construction projects is considered one of the most common problems causing a multitude of negative effects on the construction projects. Construction delays can be minimized only when their cause are identified. a construction project is commonly accepted as a successful project when the aim of the project is achieved in terms of scheduled objectives of finishing the project on time, within budget and to the required quality standard. Delay in construction projects is considered one of the most common problems causing a multitude of negative effects on the construction projects. The Act came into force from 1 May 2016. Remaining provisions came into force from 1 May 2017. The objectives of this act are to Ensure Transparency & Efficiency in real estate sector in regards to sale of plot, apartment, building or real estate project; Protecting the interest of consumers in real estate sector; Establishing adjudicating mechanism for speedy dispute redressal and Establishing Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority. Prior to RERA, there was no clarity on carpet area, was sort of monopoly of Builders regarding loading, rates, modes of payments. There were Frauds, no clear picture of project, possession, sanctions. An attempt has been made to find out the immediate impact of this act on the Builders, and the customer. The scope of study is limited to Pune area region. In this project we are going to study impact of RERA on small, medium and large construction Industry in India.

RERA (Registration of Real Estate Project and Registration of Real Estate Agents), GST, Covid-16, promoters, Allottee, Real estate project

"IMPLICATIONS OF RERA, GST AND COVID 19 EFFECTS ON CONSTRUCTION INDUSTRY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 5, page no.e210-e222, May-2021, Available :http://www.jetir.org/papers/JETIR2105566.pdf

"IMPLICATIONS OF RERA, GST AND COVID 19 EFFECTS ON CONSTRUCTION INDUSTRY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 5, page no. ppe210-e222, May-2021, Available at : http://www.jetir.org/papers/JETIR2105566.pdf