Bill to work wonders for realty sector

    Bill To Work Realty Sector
    The recent clearance of real estate Bill by the parliamentarians is all set to work wonders for the country as it is destined to bring greater credibility to the sector through more transparency as well as accountability and could encourage flow of FDI funds into the market in a big way, the global financial services firm Nomura said recently, adding that Regulation and in Development Bill, 2016 aimed at protecting the interests of home buyers, bringing in more transparency and accountability into the real-estate sector. As a matter of fact, the Bill could go a long way towards protecting the interests of home buyers by facilitating timely completion of projects and ensuring greater transparency. This bill has been touted as a major reformist measure to regulate the vast real estate sector and bring order in it. Moreover, the mandatory disclosures and registration may reduce black money transactions in this sector and will bring greater credibility to the real-estate sector through greater transparency and accountability. The key features of the bill also include the setting up state-level real-estate regulatory authorities, where builders will be mandated to register all projects above 500 sq mts. This would apply to both residential and commercial real estate projects, including those currently under construction, it added.
    CURRENTLY ONLINE
    We have 323 guests and no members online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week