CREDAI to check on corruption
The apex body for real estate developers, the Confederation of Real Estate Developers Associations of India (CREDAI) has said that in order to reduce corruption, the proposed realty regulator should try and minimise the human interface in the process of grating the clearance and registration.
Once the regulatory bill comes into force, there should only be a single agency to attend to the consumers complaints. CREDAI national president Lalit Kumar Jain said that consumer forums and civil courts should not have any jurisdiction over real estate issues if the regulator comes into force.
The Minister for Housing and Urban Poverty Alleviation, Ajay Maken stated that the government is likely to present the much awaited Real Estate Bill before the Parliament in the winter session.
Confederation of Real Estate Developers' Associations of India, CREDAI, Indian real estate, Lalit Kumar Jain, Real estate bill, Real estate in India, Real Estate India, Real Estate Sector, Realty News
