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Cabinet approved for amendments to Real Estate Bill
Q: Good news for property buyers! The Union Cabinet has approved the Real Estate Development and Regulation Bill along with certain key amendments.

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Latest Answer: But decision is yet to come Kaushik.....and hoping for the best... Now, housing projects on more than 500 sq-mt would have to register with the proposed real estate regulator as opposed to the threshold at 1000 sq-mt that was fixed earlier. Also, the interest rate payable by the promoter or allottee in case of any default by either would be the same now.
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the Real Estate Regulation & Development Bill of 2013 is taking final shape for approval.
Q: The Real Estate (Regulation & Development) Bill, 2013, drafted by the last union government has submitted for few changes and is now in final stages of being presented for approval by the present government.

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Latest Answer: But decision is yet to come.....and hoping for the best... Now, housing projects on more than 500 sq-mt would have to register with the proposed real estate regulator as opposed to the threshold at 1000 sq-mt that was fixed earlier. Also, the interest rate payable by the promoter or allottee in case of any default by either would be the same now.
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Real Estate Regulation Bill
Q: I heard about real estate regulation bill, that the centre is hoping to bring in the twin states of Telengana and Seemandhra. Is this true guys? Will this bill be in favour of the buyers or the builders?

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Latest Answer: Good evening friends!!!!! It is noted that the Housing Ministry has accepted a proposal of a Parliamentary panel's recommendation on the Real Estate Bill to make the provisions stricter and increase the 50% threshold but not lower it. The Housing and Urban Poverty Alleviation ministry has also accepted all 38 recommendations made by the 21-member Rajya Sabha select committee which submitted its report last week.
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Noida realtors welcomes the regulatory bill
Q: Please discuss about the new bill that is being proposed by the center and the formation of the real estate regulatory authority .....

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Latest Answer: Developers also said that some provisions that are detrimental to the realty sector should be removed. The authority will have to ensure that the government quickly provided approvals from its end as well as make all stake holders in a project accountable. They further suggested that banks and customers should share responsibility as well..
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Real Estate bill updates
Q: Any updates of Real estate bill..?

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Latest Answer: Hey folks...... It is noted that the Housing Ministry has accepted a proposal of a Parliamentary panel's recommendation on the Real Estate Bill to make the provisions stricter and increase the 50% threshold but not lower it. The Housing and Urban Poverty Alleviation ministry has also accepted all 38 recommendations made by the 21-member Rajya Sabha select committee which submitted its report last week.
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Real estate regulatory bill.
Q: What will happen if the central government implement the real state regulatory bill?

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Latest Answer: Hi Jeet Bhaskar, According to sources, the committee has concluded the suggestion to bring all projects constructed over more than 500 sq-mt or if nothing else 8 flats under the range of the proposed law. The proposals are liable to be submitted to the Parliament.
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Regulatory Bill for real estate sector.
Q: The real estate sector is demanding for a regulatory bill. Will it be helpful for the builders and the home buyers?

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Latest Answer: In what way this Real Estate Bill will help the home buyer?
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