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<h1>Reverse Charge Mechanism: certain real estate supplies to promoters made taxable, with related definitions and scope specified.</h1> Specifies that services supplied for construction by a promoter are subject to Reverse Charge Mechanism: transfer of development rights or Floor Space Index (including additional FSI) by any person to a promoter, and long-term lease of land (thirty years or more) by any person against upfront consideration and/or periodic rent for construction by a promoter; inserts definitions for apartment, promoter, project, Real Estate Project, Residential Real Estate Project and floor space index.