Real Estate regulatory bill
According to an official of The Ministry of Housing and Urban Poverty Alleviation, the Real Estate Regulation Bill will not be tabled during the current session of Parliament. The bill is a long time demand by the builders in India. Once the bill gets regulated, Indian Real Estate industry will become more transparent. According to [...] Continue Reading »
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 [...] Continue Reading »
The Maharashtra legislative assembly has introduced the new proposal for the real estate regulatory bill. The builders association in Maharashtra think that the bill will not help any of the builders or the buyers of properties in Mumbai. According to several assembly members, the bill needs more discussion before passing it for an act. The [...] Continue Reading »
The union cabinet will soon consider the real estate regulatory bill which will provide the regulatory authorities with specified functions, powers and responsibilities to settle disputed. According to the bill the registration of the property agents and the real estate projects will be made compulsory. There will be a provision for imprisonment for the builders [...] Continue Reading »
It is being noticed that many fly-by-night builders creating pain for the home buyers. As none of the builders and real estate agents need any registration from the government, all kind of people enter in the realty market and promoting illusory dream flat for sale to the home buyers. It is a common to see [...] Continue Reading »
The Real Estate regulatory bill in Mumbai is soon expected to come into use end of this financial year. Kumari Selja the Union minister for housing and urban poverty alleviation reported saying that the ministry is looking forward with the bill legislations and later on every state will be permitted to frame their own real [...] Continue Reading »
