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A good omen

Bipartisan support for sensible real estate regulation

Business Standard Editorial Comment  |  New Delhi 

The Real Estate Bill, which Parliament passed into law on Tuesday, contains several provisions which aim to protect homebuyers from unscrupulous builders. At the moment, there is great opacity in the sector. Buyers suffer because they often don't know the relevant details of the project, including the state of various government approvals and the legal status of the land. Under the new law, builders will have to register all projects with the authorities and disclose all details. And they can start construction only after they have got all the approvals. Builders will have to deposit 70 ...

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A good omen

Bipartisan support for sensible real estate regulation

Bipartisan support for sensible real estate regulation The Real Estate Bill, which Parliament passed into law on Tuesday, contains several provisions which aim to protect homebuyers from unscrupulous builders. At the moment, there is great opacity in the sector. Buyers suffer because they often don't know the relevant details of the project, including the state of various government approvals and the legal status of the land. Under the new law, builders will have to register all projects with the authorities and disclose all details. And they can start construction only after they have got all the approvals. Builders will have to deposit 70 ... image
Business Standard
177 22

A good omen

Bipartisan support for sensible real estate regulation

The Real Estate Bill, which Parliament passed into law on Tuesday, contains several provisions which aim to protect homebuyers from unscrupulous builders. At the moment, there is great opacity in the sector. Buyers suffer because they often don't know the relevant details of the project, including the state of various government approvals and the legal status of the land. Under the new law, builders will have to register all projects with the authorities and disclose all details. And they can start construction only after they have got all the approvals. Builders will have to deposit 70 ...

image
Business Standard
177 22