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Centre seeks suggestions on Real Estate Bill
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SME Times News Bureau | 18 Sep, 2014
The central government will discuss with stakeholders about the Real
Estate (Regulation and Development) Bill, 2013 before tabling it in the
Rajya Sabha in the upcoming session of parliament, an official said here
Wednesday.
"The ministry of housing and urban poverty
alleviation has convened a meeting of stakeholders Friday and seek their
suggestions on the bill," the official said.
Meanwhile, Urban
Development and Housing and Urban Poverty Alleviation Minister M.
Venkaiah Naidu discussed various aspects of the bill with the secretary
and other senior officials of the ministry.
The minister said the
bill should promote transparency in disclosures by the developers with
regard to all relevant information about real estate projects, through
registration of projects with the proposed regulator. Besides
Naidu and senior officials of ministry, representatives of the
ministries of environment and forests and climate change, consumer
affairs, civil aviation, culture would attend the consultations on
various related issues.
The issues of protection of consumers'
interests, single window system for approval of real estate projects
will figure in the discussion. After the stakeholder
consultations, Naidu would have a round-table of concerned ministers
before firming up the official amendments to be moved, if required.
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