Apprehension about real estate regulatory bills
There has been an effort to regulate the real estate sector in India. The recent bills such as Land Acquisition, Rehabilitation and Resettlement Bill, 2011 and Draft Real Estate Bill, 2011 are testimony to that effort.
While, the need to regulate the sector has been discussed at length, there are fears that the bills may not bring in good news for the industry.
Unitech, a New Delhi-based real estate developer, has expressed that various bills related to land and real estate sector may impact the sector’s growth adversely if a proper balance is not maintained between the interests of various stakeholders.
To read more real estate news:
Retail Stock in India and China to grow by 15% untill 2020: JLL
Draft Real Estate Bill, Land Acquisition Bill, New Delhi-based real estate developers, Real estate in India, regulate the real estate sector, Rehabilitation and Resettlement Bill, Unitech, Unitech Ltd
