Housing regulatory bill will be amended
The severe criticism on the useless housing regulatory bill has forced the Maharashtra Government to make a few amendments in the original form of the bill, aimed at protecting consumer interests.
The decision was taken after the government received nearly 3,500 suggestions and objections from developers, architects, engineers, housing societies, NGOs and even individual citizens in the last 12 days, mostly over the ineffectiveness of the proposed regulatory bill.
Now the government is intent on giving facilities by the bill to both buyers and developers. The respective authority will discuss on several issues including car parking and FSI, conveyance deed and inclusion of criminal offence in the regulatory bill.
The government plans to prepare a booklet of all the suggestions and objections before submitting them to the Ahir-led joint selected committee, which will scrutinize them before subsequently making the amendments.
The government is also trying to make the bill more consumer-oriented, so that buyers go through fewer hassles.
To read more real estate stories:
Government to introduce realty sector regulatory bill
Source: DNA India
housing regulatory bill, proposed regulatory bill, Real Estate regulatory bill, Regulatory Bill
