State Governments can enact Real Estate Regulation and Development Act
The department of Urban Administration and Development proposed to enact the Real Estate Regulation and Development Act by the state governments.
Different state government has passed real estate regulatory bill for their respective state.
The new bill will be proposed and sent to the states so that they can decide their own requirements on the bill.
The central government has drafted the regulatory bill and the state government will be responsible to implement the bill.
This decision will work as a motivator for the real estate in India.
More related stories:
Lacunae in Maharashtra real estate Regulatory Bill
Government finally thinking of Real estate Regulatory Bill
Source: Daily Pioneer
Real estate in India, Real Estate Regulation and Development Act, Real Estate regulatory bill, Regulatory Bill, State government
OK! Nice article!