REAL ESTATE REGULATION AND DEVELOPMENT BILL TABLED IN RAJYA SABHA
The Real Estate Regulation and Development Bill that seeks to protect home buyers from dishonest builders was recently tabled in the Rajya Sabha by minister of housing and urban poverty alleviation Girija Vyas. The Bill was referred to the Parliamentary Standing Committee on urban development for review and suggestions. The cabinet had approved the Bill on June 4. The bill has provisions like a jail term of up to three years if developers put up misleading ads about projects.
The Real Estate Regulation and Development Bill that seeks to protect home buyers from dishonest builders was recently tabled in the Rajya Sabha by minister of housing and urban poverty alleviation Girija Vyas. The Bill was referred to the Parliamentary Standing Committee on urban development for review and suggestions. The cabinet had approved the Bill on June 4. The bill has provisions like a jail term of up to three years if developers put up misleading ads about projects.
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