housing bill
New Delhi- The new Real Estate (Regulation & Development) Bill proposes that the real estate developers will have to first seek all the requisite permissions and approvals before they set out to announce their projects and get the buyers to sign up. The proposed Housing Bill makes it mandatory for the builders to get permissions [...] Continue Reading »
Developers in Maharashtra seem to be apprehensive of the regulatory measures proposed by the state and central government. As the developers already have disclosed their presentiment about the state government’s housing regulatory bill, the presentiment deepens as the centre is now set to introduce its own regulatory authority for the real estate sector. Maharashtra Chamber [...] Continue Reading »
The experts have criticized the new housing regulatory bill in Maharashtra. Under the new housing regulatory bill, not only the developer but even flat buyers can be put behind bars and made to pay a fine if they fail to comply with the housing regulatory authority’s order. Experts feel there is nothing to cheer about [...] Continue Reading »
The new Maharashtra Housing (Regulation & Development) Bill, 2012, came under attack from housing experts as they labeled it ‘builder friendly’. Activists, housing societies and flat buyers claimed that not only was it poorly drafted, but also failed to maintain transparency and stated that it is a watered down version of the repealed Maharashtra Ownership [...] Continue Reading »
