Regulatory Bill
Finance Minister P Chidambaram has announced setting up of a regulator for roads in the new Union Budget is a blessing in disguise for the Indian highway sector. According to experts, now the highway sector will have a regulator to resolve the issues. Many disputes have gone to the court due to the absence of [...] Continue Reading »
Jamshedpur- The recent proposal of the regulatory bill which aims at protecting the rights of the prospective realty buyers has received varied responses. The bill was introduced by the Union urban development minister Ajay Maken and will be presented in the upcoming Budget session of the Parliament. The budget which has received mixed responses from the industry players [...] Continue Reading »
Real estate has been the most visible source for black money as it has never been regulated in India. This is also a hot topic in the India Parliament which opened on November 29, 2012. Other than real estate, black money also involves owners and investors. Black money is present in every step of a real estate project, [...] Continue Reading »
The Legislative Assembly of Andhra Pradesh had passed the Act for regulating promotion of construction and sale of apartments in multi-storied buildings in Hyderabad and other areas of the state on ownership basis. This regulation will provide transferability and heritability by the individual purchaser of not only the apartment concerned but also the fractional interest [...] Continue Reading »
The Housing and Urban Poverty Alleviation ministry has drafted the real estate regulatory bill, and planned to introduce it in the budget session that concluded last month. However, following huge numbers of protest, the ministry held a fresh round of consultations with all the states last month to try and get them on board. It [...] 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 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 central government is finally planning to introduce the Real Estate Regulation and Development Bill. According to an official, housing ministry has drafted the bill and hoping to place the bill in the current session of the parliament. This will bring good news to the home buyers of the country in terms of transparency and [...] 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 »
