Bill for regulating the real estate sector:The minister for housing and urban poverty alleviation, Kumari Selja has announced a model bill for regulating the real estate sector by August-September time frame.
Talking about the 100 day agenda for her ministry, Selja said that the Model Bill would propose a regulator and aim to address the concerns of consumers as well as the real estate industry.
The finer details of the Model Bill could not be ascertained.
She said, “We have initiated a dialogue with all key stakeholders including private sector, NGOs, and various States to prepare the model Bill for regulating the real estate sector.”
How about regulating property prices?Do you think that there should be some regulatory body which controls the property rates? Please, share your views in the comments.
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