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Real Estate Forum on Bill

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Hi all, any idea why is India INC not happy with the land bill?

Latest Answer: Hi all, the Land Bill proposes that minimum compensation of the land should be four times the market value in rural areas and in urban areas it should be two times the market value. If the cost is increased like this, then think of the other things which are depending on it..
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Q: It is noticed that most of the real estate projects are delayed. What kind of protection bill is there to protect the buyers interest ?

Latest Answer: Suhas, till now there is no such bill protecting the buyers. But it is observed that there is a great need of such bill.
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Also see discussions for
Q: When is the FSA bill going to be announced? What is the total returns to be collected from the flat owners?

Latest Answer: The 2088-2009 bill is going to be announced in 2012-2013 and around 1.8 crores people are involved with it. The last four years FSA returns are still to be collected a total amount of Rs 7,500 crores.
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Q: What is Apartment Ownership Bill passed in Bihar all about? Please explain.
Latest Answer: The bill has been passed by the Bihar assembly to settle the conflict between the builders and the property buyers. It is expected that the bill will bring in more transparency in the property transactions.
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Q: Why are the builders of several cities against the real estate bill 2011?
Latest Answer: Good evening everyone, As per the current news, the Parliamentary Select Committee for the Real Estate (Regulation and Development) Bill 2013 is likely to push for more strict clauses that may lead to imprisonment of builders if they do not fulfill their obligations to home-buyers. That indicates that we are at the last stage to get the amended real estate regulatory bill.
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