17.07.2009 - India: Real Estate regulator bill hostile to industry, needs review: ASSOCHAM
From Indiainfoline.com: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has suggested review in Real Estate Regulator Bill in its current shape since many of its provisions are harsher and inimical to industry and concerned stakeholders. Contrary to expectations, the draft bill does not allow Real Estate Regulator to act as an impartial arbitrator between industry/developer and various government agencies on one hand and the industry/ developer and consumers on the other..........Full Article: Source