Real Estate Bill to be taken up for consideration
The Real Estate (Regulation and Development) Bill, 2013, is likely to be taken up for consideration in the Winter Session of Parliament, said a senior government official who attended a high-level meeting on the subject on Wednesday. The meeting of the Union housing and urban poverty alleviation ministry was convened in the run-up to a meeting of all stakeholders in the Bill that seeks to pave the way for construction of a large number of affordable houses on Friday.
The senior official of the housing and urban poverty alleviation ministry said that they have convened the meeting of all stakeholders to seek their views and suggestions on the bill. Housing and urban poverty alleviation minister Venkaiah Naidu on Wednesday discussed the bill with his officials. The NDA government has promised houses for all by 2022.
Naidu emphasised that the bill, while seeking to promote housing activities, should aim at harmonising the concerns of consumers and real-estate developers, rather than introducing strangulation in the name of regulation. The minister said the Bill should promote transparency in disclosures by developers with regard to all relevant information about real-estate projects by registering them with the proposed regulator.
Source: The Financial Express
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