10-Oct-2019

05-Dec-2019

CREDAI Bengal Daily News Update | 05.12.19

WEST BENGAL NEWS

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Newspaper/Online The Telegraph(online)

Date December 05, 2019

OTHER NEWS

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Newspaper/Online The Economic Times(online)

Date December 05, 2019

Realtors challenge constitutional validity of national anti-

profiteering authority

This comes after NAA slapped notices on 50 real estate developers across India for

profiting from the Goods and Services Tax (GST).

Some real estate developers have taken the government to court over the constitutional validity

of National Anti-profiteering Authority (NAA) and claimed that the body does not have power

to demand interest on penalties slapped by it.

This comes after NAA slapped notices on 50 real estate developers across India for profiting

from the Goods and Services Tax (GST).

According to a writ petition filed in the Delhi High Court, the NAA is on a par with a tax

tribunal but it doesn’t have even one judicial member as part of it. “In the absence of a judicial

member, the constitution of NAA is unconstitutional and untenable,” the writ petition filed in

the Delhi High Court reads.

As per the GST framework, the benefits of the rate reduction have to be passed on to customers.

If a company is unable to do so, it can be levied penalties and interest on top of it for

profiteering from the tax regime. The section in the GST Act dealing with anti-profiteering

states: “Any reduction in rate of tax on any supply of goods or services or the benefit of input

tax credit shall be passed on to the recipient (consumer) by way of commensurate reduction in

prices.”

Input tax credit refers to a mechanism under the GST framework wherein the tax a company

pays when it buys raw materials or other services can be passed on to the buyer when the goods

or services are sold.

Many real estate developers based in Delhi, Mumbai, Chennai and Bengaluru were asked to pay

penalties as they did not pass on the benefits of the input tax credit to the customers.

As per the investigations by the NAA, developers are not passing on the benefits of the input

tax credit to customers.

The real estate developers are challenging NAA’s authority to slap interest on the penalties as

well.

“The question of interest applicability doesn’t arise as the statutory provisions (Section 171) do

not provide for interest,” said Abhishek A Rastogi, partner at Khaitan & Co, who is

representing the realtors in the case.

Newspaper/Online ET Realty(online)

Date December 05, 2019

Link https://realty.economictimes.indiatimes.com/news/industry/realtors-challenge-constitutional-validity-of-national-anti-profiteering-authority/72376616

This comes after the indirect tax department started questioning developers on transition credit

they claimed. The real estate players had set off taxes paid under the earlier tax regime against

their GST liabilities and tax department asked them to reverse these transactions.

Many real estate developers had claimed transition credit on under-construction apartments and

claimed these are stock or inventory for them, but the tax department sent notices and

disallowed these claims. The tax liability for some of the top players runs to hundreds of crores.

NAA in the past has also questioned some of the other sectors such as FMCG and pharma for

profiteering from the GST rate cut. The NAA had questioned tax heads and CFOs of about 150

consumer goods and pharma companies to find out if their stocks with the distributors and

stockists on June 30, 2017 were sold at reduced rates after GST rollout.

Some companies had also dragged the government and the indirect tax department to court over

GST levied on these deals in what could jeopardise long term land lease deals.

ET on September 17 reported that realty players had filed a writ petition in the Rajasthan High

Court over the matter. As per the current regulations, 18% GST is levied on any longterm lease

transactions, and industry trackers said the GST paid becomes pure cost as it cannot be used as

input tax credit in case the recipient wishes to construct any commercial building there.

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Noida standing committee to assess projects applying for zero-

period waiver

On Tuesday, UP government had approved the zero-period policy under which builders

will be excused from paying interest on outstanding land dues for the years when litigation

stopped construction work.

A standing committee of the Greater Noida Industrial Development Authority (GNIDA)

and Noida Authority will assess all housing projects that apply for zero-period waiver and

ascertain the amount that each builder will be exempt from paying. The calculation for how

much relief would be extended to homebuyers would be dependent on this individual

calculation.

On Tuesday, UP government had approved the zero-period policy under which builders will be

excused from paying interest on outstanding land dues for the years when litigation stopped

construction work. Only those defaulting developers who can deliver all flats due by the end of

2021 will be eligible for the relief, which will be given at the time of the final settlement. In the

meantime, they will continue with their payments as per the existing schedule.

GNIDA CEO Narendra Bhooshan said that the policy will help them regain all pending dues

from the builders, as the basic condition for availing of zero-period waiver is that they should

get completion certificates by 2021. “For that, paying up all dues would become mandatory,” he

said.

The authority, he said, stands to get Rs 3,000 crore from builders as land revenues. “Out of Rs

6,000 crore of dues from land revenues, Rs 3,000 crore is not recoverable from Amrapali group.

However, we will still get Rs 3,000 crore from the 70-80 projects that are likely to apply for the

zero-period waiver.”

“We will surely have to absorb some losses, but it will help increase our cash flow. Some of

these dues have been pending for years,” Bhooshan added. Noida Authority has Rs 15,000 crore

of dues from land revenues.

The ‘zero period’, as an impact of litigation, would apply to 2011-12 when work was

completely stopped at Noida Extension projects, a total of 13 months. Realtors, however, are

demanding a waiver till 2015 when GNIDA was in court on the issue, citing problems in

obtaining finances during the period.

Also in this purview would be Noida projects affected by the bird sanctuary legal case for two

years from 2012-14. Breaks due to pollution-related construction bans and acquisition issues

pending between the Noida Authority, or GNIDA, and farmers, and the authorities not being

Newspaper/Online ET Realty(online)

Date December 05, 2019

Link https://realty.economictimes.indiatimes.com/news/industry/noida-standing-committee-to-assess-projects-applying-for-zero-period-waiver/72376469

able to hand over land in time will also be eligible for zero period.

“We are eagerly awaiting the breakdown of the zero-period component by the GNIDA and the

Noida Authority and we want clarity and transparency in the calculation process as well, so that

buyers are given exactly what they deserve as part of these discounts,” Abhishek Kumar,

president, Noida Extension Flat Owners Welfare Association (Nefowa), said.

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Pune civic body may waive property tax for specially abled citizens

The move is aimed at making live easier for differently abled people and also spreading

awareness about the issues faced by them.

The civic body will waive tax on property owned by differently abled citizens. A proposal to

this effect has been tabled before the standing committee of Pune Municipal Corporation.

The move is aimed at making live easier for differently abled people and also spreading

awareness about the issues faced by them. The exemption will cover residential and commercial

properties.

“The specially abled find it tough to go about their daily lives in today’s fast-paced world.

Inflation and other socio-economic issues compound their troubles. The civic body should

perform its social duty and help them,” said Yogesh Sasane, the corporator who tabled the

proposal, said.

PMC officials said the civic administration has, in the past, extended amnesty and special

schemes to citizens. “Once approved by the standing committee and the general body, we will

finalize the details of how to implement the scheme,” a senior civic official said.

The number of beneficiaries and the impact on the civic coffers will become clear after a

survey.

At the moment, around 10 lakh properties come under PMC’s tax ambit. This increased by 1.67

lakh in 2017 after the merger of 11 villages in PMC limits. PMC has collected Rs 1,000 crore

as property tax so far this financial year. The annual target is Rs 2,100 crore.

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Newspaper/Online ET Realty(online)

Date December 04, 2019

Link https://realty.economictimes.indiatimes.com/news/regulatory/pune-civic-body-may-waive-property-tax-for-specially-abled-citizens/72358150

Gurugram: HSVP to prepare list of properties to check

irregularities in registry

The move comes after the department found discrepancies in the transfer of a plot in

Sector 30.

To check irregularities in registry and transfer of plot, Haryana Shahari Vikas

Pradhikaran (HSVP) has decided to prepare a list of properties — residential, and commercial

— which have been surrendered or for which the allotment has been cancelled by the

department for some reason or the other.

The move comes after the department found discrepancies in the transfer of a plot in Sector 30.

TOI had recently reported that an FIR was registered against two HSVP officials and the plot

owners for the fraud at Sadar police station. The officials had removed 52 pages from the 70

pages file related to the resumption of the plot and the digital form of the file was not uploaded

in the internal software of the department which is used to give online permissions.

A re-allotment letter was also issued in October 2019. Taking advantage of this, the plot owners

in connivance with the officials sold the resumed plot to a third party after taking online

permission from the department. The irregularities came to light when an RTI query was filed

related to resumption of the said plot.

Learning about the irregularities, HSVP directed officials to give transfer permission of plots

only after physical verification of the original file, along with that officials have been directed

to prepare digital records of all the files.

“In order to streamline the system to curb any possibility of misdeed regarding execution of

conveyance deed, transfer of plot, it is mandatory that original plot file must be checked to

ascertain the facts,” estate officer Sanjeev Singhla said.

Officials will have to submit an affidavit along with the approval letter, highlighting that

original plot, it’s file have been physically checked with reference to online data and found

correct. The official has to confirm that the plot has no pending court case and was never

cancelled or resumed by the department, the officer added.

In order to avoid tampering of the file, the department has issued orders directing officials that

the files related to resumed and cancelled plot should not be handed over to anyone without

permission of the estate officer.

The official have been directed to made digital records of vacant plots, resumed, allotted and

Newspaper/Online ET Realty(online)

Date December 04, 2019

Link https://realty.economictimes.indiatimes.com/news/regulatory/gurugram-hsvp-to-prepare-list-of-properties-to-check-irregularities-in-registry/72363692

plots yet to be allotted and it should be uploaded on the internal software of the department. “In

view of the recent irregularities, directions have been issued and official have been asked to

comply with it or face action,” Singhla said.

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Greater Noida development body's officials may face action for

land-use change

According to GNIDA, in the master plan, 2021, 23.2 % of more than 1,000 hectare was

earmarked for residential development.

More than 20 officials who were posted at the Greater Noida Industrial Development

Authority (GNIDA) are likely to face action for allegedly changing land use pattern of

agricultural plots to residential between 2007 and 2010.

The move had led to large-scale agitations among farmers and eventually, the Bhatta Parsaul

protests of 2011. Sources said a probe has indicted senior officials, IAS and PCS cadres, who

held key positions during that period. While an inquiry was instituted soon after the Allahabad

high court intervened in October 2011, the matter kept gathering dust for several years. In

January last year, the Yogi Adityanath government ordered a fresh probe.

According to GNIDA, in the master plan, 2021, 23.2 % of more than 1,000 hectare was

earmarked for residential development. It was later found that the authority ended up allotting

23.3 % land to builders alone and the total land for residential purposes reached to 85.33 %.

After acquiring land from farmers in Patwari, Ghori Bachera, Pali, Kasna, Haibatpur, Chipinya

Khurd, Itehra, Roja Yakubpur and Bisrakh Jalalpur for industrial purposes, the usage was

changed. Grievances of farmers from nearby Junpath, Yusufpur and Chapraula villages were

also examined.

Later, the government appointed the additional chief executive officer of the GNIDA to look

into the merits of the previous report and in August, a report was sent on it. Jewar BJP MLA

Dhirendra Singh said; “I have been following up with the governments asking them to disclose

the findings of the probe commissioned in 2011. On November 27, I had raised the matter in the

state assembly again.”

While inquiry officer KK Gupta was not available for comment, sources said the secretary of

the department of appointment and personnel in Lucknow has summoned the officials under

scanner this week.

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Newspaper/Online ET Realty(online)

Date December 04, 2019

Link https://realty.economictimes.indiatimes.com/news/regulatory/greater-noida-development-bodys-officials-may-face-action-for-land-use-change/72358041

Chandigarh administration seeks report on building violations in

commercial areas

The report was sought as the administration has planned to link misuse and violation

charges of residential, commercial and industrial properties with lowest collector rates.

The UT administration has sought a report on the building violations in commercial areas in the

city from the UT estate office.

The report was sought as the administration has planned to link misuse and violation charges of

residential, commercial and industrial properties with lowest collector rates.

A senior official of UT estate office said that till date they have found violations like removal of

internal walls in SCOs, usage of basements for activities other than storage and construction of

upper floors on bay shops and booths.

The compilation of report was still underway and soon the same would be submitted before the

administration, he added. Sources revealed that the administration had already forwarded the

proposal to the Union ministry of home affairs (MHA) for approval. The report on violations in

commercial area will also be sent to the MHA.

Sources added that the administration had finalised 0.75% of collector rate as misuse charges

(per square feet per month) and 0.50% of collector rate as violation charges (per square feet per

month). In both (misuse and violation) sections, the collector rate will be minimum in the

category — residential, commercial and industrial.

The new formula has reduced misuse/violation charges. According to it, the misuse and

violation charges will be from Rs 40 to Rs 60 (per square feet per month) in residential and

commercial categories and Rs 160 to Rs 230 (per square feet per month) in industrial category.

At the moment, the administration is charging a penalty ranging from Rs 225 to Rs 355 per

square feet per month for different types of properties.

The estate office had increased the penalties for misuse and violations of building bylaws in

2007 from Rs 10 to Rs 500 per square feet per month for the area being misused by the

occupier. Later, the administration started sending notices under the new rules, which triggered

panic among property owners as the amount of penalties ran in crores of rupees in many cases.

In 2014, the law department of the UT administration had termed the retrospective application

of the Chandigarh Estate Rules of 2007 (with amendments in 2009), that allow the sealing of a

Newspaper/Online ET Realty(online)

Date December 04, 2019

Link https://realty.economictimes.indiatimes.com/news/regulatory/chandigarh-administration-seeks-report-on-building-violations-in-commercial-areas/72362762

building or imposing a heavy penalty of Rs 500 per square feet per month, for misuse and

building violations, as an illegal and arbitrary decision.

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Top developers focus on delivery to pare debt

India’s top ten builders sold 14.55 million square feet (mn sq ft) in H1 FY2020.

Listed real estate players, cautious about debt level and new launches, are focusing on execution

and deliveries of residential apartments, helping push down debt but also garnering more

market share.

India’s top ten builders sold 14.55 million square feet (mn sq ft) in H1 FY2020. The Y-o-Y

growth in sales volumes, though lower than the high levels of the past two years, was a healthy

12%, despite prevailing headwinds of continued funding challenges on the back of the NBFC

slowdown and overall weakness in demand, said ICRA.

“The ability of the larger realty players to substantially fund committed construction costs

through internal accruals has permitted them to keep debt at sustainable levels. Further, listed

players, with a good operational track record and sound financial discipline, have been able to

raise equity from the capital market, which has also aided them in reducing overall leverage

levels,” said Shubham Jain, senior vice-president and group head at ICRA.

There was a considerable increase of 38% visible in the overall debt exposure to the real estate

sector since FY2017, but a significant decline of 25% recorded in net debt levels for major

realty players comprising ten large listed entities, said ICRA.

“We don’t want to solely depend on debt and is looking at alternative means of fund raising that

could be either REIT or IPO for hospitality segment. I believe that our past performance, prime

locations as well as efficient pricing have helped strengthen our market position,” said Irfan

Razack, managing director of Prestige Group.

Puravankara Projects focused on liquidation of inventory to generate cash flows.

“The sales of ready-to-movein inventory have almost doubled YoY. The Q2FY20 has seen

positive operating cash flows, up by 45% YoY, and we have reduced our debt by Rs. 95 crore

during the half year ended September, 2019,” said Ashish R Puravankara, MD, Puravankara.

While healthy sales and collection momentum being maintained by the large listed developers is

expected to support generating adequate cash flows, keeping their debt levels under check, the

overall high debt exposure of the sector remains alarming.

Indian real estate sector have been in a doldrums since 2017 with many projects by smaller and

less known developers already stressed having negative cash flows. Further, NBFC and

financing crisis has only aggravated the situation leading to pressures on debt servicing going

forward.

Newspaper/Online ET Realty(online)

Date December 04, 2019

Link https://realty.economictimes.indiatimes.com/news/industry/top-developers-focus-on-delivery-to-pare-debt/72364010

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JSW Group partners with Suraksha Realty to complete stalled

Jaypee projects

This comes as a major development in the case, whereby homes of over 22,000 home

buyers are incomplete, and the Committee of Creditors led by IDBI Bank has sought bids

for the third time.

The much-talked about Jaypee Infratech (JIL) insolvency has another player in the game

with JSW Infrastructure partnering with Suraksha Realty to support the latter in building and

completing the stalled projects of the bankrupt firm.

Sources have confirmed that in its revised and final resolution plan to acquire the JIL, Mumbai-

based Suraksha has submitted a letter from JSW Infrastructure Ltd confirming it will provide

financial, technical and strategic support to Suraksha for the project.

The letter seen by IANS says: "JSW is keen to be associated with the project and has agreed to

provide financial, technical and strategic support to Suraksha Realty for the succes of the

project."

It, however, noted that the final arrangement of the support would be decided upon only if

Suraksha wins the bid.

"JSW Group, through its infrastructure arm i.e. JSE Infrastructure Ltd, will finalise the

arrangements for this strategic tie-up once Suraksha Realty emerges successful applicant," it

added.

The letter also speaks about the financials and operational achievements of JSW Group and its

arms.

The industrial major could not be reached for comments.

This comes as a major development in the case, whereby homes of over 22,000 home buyers

are incomplete, and the Committee of Creditors led by IDBI Bank has sought bids for the third

time.

Both the applicants, Suraksha Realty and the state-run NBCC (India) and submitted their

revised and final bids to the CoC on Tuesday after lenders had sought some clarifications along

with sweetened offers. It would be interesting to see if the letter of support from an

infrastructure major like JSW Steel actually helps Suraksha to convince the CoC, including the

home buyers.

Newspaper/Online ET Realty(online)

Date December 05, 2019

Link https://realty.economictimes.indiatimes.com/news/industry/jsw-group-partners-with-suraksha-realty-to-complete-stalled-jaypee-projects/72376497

The home buyers have been vocally in favour of the projects going to NBCC's kitty, as the

Centre has assured of tax concessions for the projects only if the public sector construction

major takes them over.

In its bid to gain the confidence of the home buyers, officials from Suraksha Realty are also

likely to meet them on Thursday.

According to sources, Suraksha has also offered 2,200 acres of land to the banks, enhanced

from its previous offer of 1,900 acres. It has also increased its upfront payment to the banks to

Rs 175 crore from Rs 25 crore. It has also enhanced its offer for the home buyers, by setting

aside Rs 250 crore worth of land as compensation for delay, against the previous offer of land

worth Rs 100 crore.

NBCC too has, somewhat, sweetened its bid and increased its land offering to 1,526 acres of

land, enhanced from the previous offer of 1,426 acres.

The CoC sought the bids after the Supreme Court had on November 6 ordered completion of

the JIL insolvency resolution process (IRP) within 90 days and said only the resolution plans of

the NBCC and Suraksha would be considered by the CoC for completing pending projects.

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Uttar Pradesh gives nod to expand Greater Noida metro corridor

Construction of the corridor, which Noida has identified as a priority, is likely to start in

the next three months, officials said.

The UP government cleared the decks for the expansion of the metro network in Noida by

approving an extension of the Aqua Line to Noida Extension and further on to Greater

Noida’s Knowledge Park V.

The 15-km corridor, which has a three-year deadline for the first phase, will open two arms of

the Aqua Line in Greater Noida with Sector 51, which has an interface with the Blue Line,

being the common originating station.

Construction of the corridor, which Noida has identified as a priority, is likely to start in the

next three months, officials said.

“The cabinet has approved the extension of Aqua Line, which will benefit lakhs of passengers

travelling to and from Noida, Greater Noida and Delhi. We will start construction within three

months after all formalities are over and we hope that the first metro will run along this line in

2023,” said Ritu Maheshwari, managing director of Noida Metro Rail Corporation and CEO of

Noida Authority.

Aqua Line extension will have 9 stations. Initial Daily Ridership Expected To Be 1 Lakh

The project will cost Rs 2,682 crore. The entire corridor will have nine stations, which will be

constructed in two phases. The first phase, which will take the Aqua Line into Noida Extension

where many of the new housing projects being delivered are, will have five stations.

NMRC officials are hopeful that the extended route will have an initial daily ridership of at least

1 lakh passengers. “With the population increasing and more people travelling to Delhi, we

know that the line will see a much higher footfall than the existing Aqua Line,” said P D

Upadhyay, the executive director, Noida Metro Rail Corporation (NMRC).

In the first phase, the corridor will be 9.6km long with stations at sectors 122 and 123, Greater

Noida Sector 4, Ecotech 12 and Greater Noida Sector 2. The first phase will cost Rs 1,064

crore, officials said. While Delhi Metro Rail Corporation will assist in designing and preparing

the tender documents, the construction, execution and project contract management will be

carried out by the NMRC.

The second phase will be a 5.3 km-long corridor with four stations — Greater Noida Sector 3,

Greater Noida Sector 10, Greater Noida Sector 12 and Knowledge Park V. “The fare on the new

line will be similar to that of Aqua Line. We will also be looking at raising the non-fare box

Newspaper/Online ET Realty(online)

Date December 04, 2019

Link https://realty.economictimes.indiatimes.com/news/infrastructure/uttar-pradesh-gives-nod-to-expand-greater-noida-metro-corridor/72366351

revenue through parking space, co-branding and property development,” Maheshwari said.

NMRC also explored the option of a metrolite system in the new line. But the idea was dropped

as there is a scope for extension of the line and hence, it would be more viable to continue with

the conventional metro plan than to create a metrolite system from scratch. Officials said rolling

stock, depot and signalling systems are among major infrastructure that is already available for

extending the network.

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Relief for builders in Vijayawada as sand scarcity eases

Insufficient sand supply across the state had stalled construction for over six months.

Builders in the city heaved a sigh of relief with construction activities picking up pace after a

span of several months. As sand supply normalises, construction works have resumed, despite

prices of cement and other material shooting up.

Insufficient sand supply across the state had stalled construction for over six months. Following

a string of protests by construction workers and opposition parties, the state government opened

multiple sand reaches while several other sand reaches have been identified for development.

Krishna district collector A Mohammed Imtiaz said additional sand reserves have been

identified to cater to the needs of builders for the next three years.

The Andhra Pradesh Mineral Development Corporation (APMDC) is running a special portal

for bulk sales to facilitate building activity. “The construction industry is relieved with the new

sand policy. We are able to get a truckload of sand (four cubic meter) at Rs 10,500, which

would earlier cost Rs 25,000,” said RV Swamy, president of Confederation of Real Estate

Developers Association of India (CREDAI), Vijayawada unit.

He added, “The district collector has taken a special initiative to supply sand and allocated a

sand reach for us.”

“We have focused on completing pending works to hand over flats on time to the buyers. Sale

of mid-range flats has also increased in recent times,” Swamy added.

Construction workers have also expressed happiness at the pick up in pace of building activity.

“We have faced tough times for more than six months. Now, we are able to get work. Builders

who are hiring us are paying additional wages to work additional hours,” said K Naidu, a

construction worker from Gandhinagar.

Meanwhile, the planning wing of the Vijayawada Municipal Corporation (VMC) has said it has

received a number of applications since November for approval of building plans. “We have

kept a special focus on construction activity in the city. We are perusing online applications to

approve building plans while simultaneously initiating stringent action against illegal

construction,” said city planner Lakshmana Rao.

There has been a growth of around 15 per cent in construction activity in the last month as per

the civic body’s estimates, he added.

At present, there are around 300 buildings under construction in and around the city. Shortage

Newspaper/Online ET Realty(online)

Date December 04, 2019

Link https://realty.economictimes.indiatimes.com/news/allied-industries/relief-for-builders-in-vijayawada-as-sand-scarcity-eases/72358115

of sand over the past few months had stalled new projects from being taken up, with builders

focusing on completing pending works.

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RBI retains its three-member advisory panel to assist DHFL

administration

On November 22, the central bank had constituted a three-member advisory committee.

The Reserve Bank has retained the three-member advisory committee it had appointed last

month to assist the administrator of the crippled mortgage lender Dewan Housing

Finance (DHFL), which is facing insolvency proceedings.

On November 22, the central bank had constituted a three-member advisory committee,

comprising IDFC First Bank non-executive chairman Rajiv Lall, ICICI Prudential Life

managing director NS Kannan and the chief executive of the Association of Mutual Funds in

India NS Venkatesh to assist the DHFL administrator R Subramaniakumar.

Subramaniakumar is a former head of Indian Overseas Bank and the RBI had recommended his

name as the resolution professional, which was approved by NCLT on Tuesday.

"Upon admission of the petition for insolvency resolution process by NCLT in respect of DHFL

on December 3, we have decided that the above mentioned three-member committee shall

continue as the advisory committee," the central bank said in a statement.

The committee will advise the administrator in the operations of DHFL during the insolvency

resolution process, it added.

Meanwhile, DHFL in a filing to exchanges said the administrator has appointed Sunil Kumar

Bansal as the chief financial officer with immediate effect.

Bansal is a chartered accountant with experience in banking and insurance.

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Newspaper/Online ET Realty(online)

Date December 05, 2019

Link https://realty.economictimes.indiatimes.com/news/allied-industries/rbi-retains-its-three-member-advisory-panel-to-assist-dhfl-administration/72376598