housing regulatory bill
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 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 [...] Continue Reading »
The government of Maharashtra decided to table the housing regulatory bill in the running assembly session. The assembly will discuss the bill but the passing of the bull is not yet confirmed. The builders are claiming to remove the direct jail terms in the proposed bill. The union ministry has refused to remove the provision. [...] Continue Reading »
