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India: Real estate regulator Bill on the cards

Posted on 23 September 2011

Union minister for housing and urban poverty alleviation Kumari Selja has said that the Centre is expected to bring the real estate regulator bill in the winter session. “We have received the law ministry’s view on this legislation. Respective state governments can then frame their own regulatory bill to improve governance and transparency in the real estate sector,” said Selja.
The realty sector’s image has suffered a huge dent due to recent housing loan scam, judgments by the Competition Commission of India and issues relating to land acquisition for real estate projects across the country, Selja said……………………………………….Full Article: Source


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