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Real Estate Forum on Lok Sabha

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: The Bill will go to the Lok Sabha and then for presidential approval before becoming law.
Latest Answer: Not only this, the term carpet area has been clearly defined to eliminate any scope for wrongdoing. So far, most developers measured and sold homes based on so-called super area, which is conventionally at least 30% more than the carpet area that a buyer can use.
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Q: Both Rajya Sabha and Lok Sabha has passed the Real Estate Regulation and Development Bill and it is set to become an act in a few months.
Latest Answer: New real estate bill has been came in the favor of property buyers The biggest relief for the real estate property buyers according to this bill is that they do not have to pay the extra bank interests they had been paying so far on home loans due to incessant delays caused by the real estate developers.you can get the the best real estate property information & their rates on comparecasa.com the bets property comparison portal in Dwarka Delhi
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Q: Government will make a fresh proposal to pass crucial bills on GST and real estate in the last week of the Winter session.
Latest Answer: As per Parliamentary Affairs Ministry, 10 Bills passed by Lok Sabha are still to be taken up in Rajya Sabha. In the Lok Sabha, Government has proposed to take up 9 items of legislative and financial business during next week of winter session. Of these, time has been allotted for 7 items. A heavy agenda of 16 items is due to be taken up in Rajya Sabha which lagged behind Lok Sabha in transaction of business this week due to disruptions and forced interruption.
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Latest Answer: Hi Raj Roy, Under the scheme, 481 projects were sanction for building 7.89 lakh homes. Of them, development of 6.03 lakh homes have been finished while work is in advancement for 1.86 lakh units as on April 16. Respectable Mr Naidu likewise communicated certainty that development of all homes under the scheme would be finished by March 2017. The expense for 481 projects was assessed to be minimal over Rs 22,693 crore. The works being done under BSUP were surveyed consistently and states and union regions were encouraged to finish "continuous projects quickly" Mr Naidu said.
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Q: Will it have an impact when all is said in done improvement regions?
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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Q: What are the pros and cons of land acquisition bill ?
Latest Answer: Hey kaushik, Congress was no sure of their stand, congress was "the one who proposed this and they are the one who is picking holes in their own proposals". How cunning the Congress part were? Now that is a politically unsustainable situation... in the Budget session Congress told the govt., they will do it in the next session. Now they are saying that they are not against the GST, but they have some suggestions..
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