Real Estate (Regulation and Development) Bill, 2015 approved by Union Cabinet

[IndianMascot]

India moved a step closer to creating a more consumer friendly, transparent and accountable real estate sector on Wednesday after the Union cabinet approved the much delayed and anticipated Real Estate (Regulation and Development) Bill, 2015.

The bill envisages the creation of a regulator for the real estate sector who is empowered to penalize and prosecute errant developers. It will be presented to Parliament during the ongoing winter session.

The move is expected to restore consumer confidence in real estate, potentially triggering a revival in the sector.


Govt nod for radical recast of real estate regulations - Livemint

 

[scorpionking76]

Let parliament function then let talk about passage of bills

 

[IndianMascot]

The bill seems to be powerful and consumers will get more power out of it.