Real estate regulator Bill expected in Winter Session
Union minister for housing and urban poverty alleviation Kumari Selja has said that the Centre is expected to bring the real estate regulator bill in the winter session.
Union minister for housing and urban poverty alleviation Kumari Selja has said that the Centre is expected to bring the real estate regulator bill in the winter session.
The landmark Land Acquisition, Rehabilitation and Resettlement Bill that seeks to lay down norms for increased compensation to land owners, is all set to be tabled in Parliament today.
The much-anticipated revision of India’s archaic land acquisition laws will be considered by the Cabinet next week.
Real estate giant DLF may have to pay Rs.900 crore extra penalty if the Competition Commission of India (CCI) finds it guilty of abusing its dominant market position in three more projects in Gurgaon.
The UPA government has tried to address the politically sensitive issues of land acquisition and rehabilitation of affected people by shrinking the role of the state in acquisitions.
As more farmers move the court against acquisition of their land in Noida, industry body ASSOCHAM has urged the Centre to take initiative and evolve a consensus among all stakeholders as the crisis gets politicised.
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has called for a strong and transparent regulator for the real estate sector for an orderly growth.
The proposed Real Estate Regulation Bill may be delayed.
The contour of the Real Estate Draft Bill has been changed to make it a central legislation, a shift from it being a state matter earlier.
Minister of Housing and Urban Poverty Alleviation Kumari Selja said in the Rajya Sabha the Real Estate (Regulation of Development) Bill is still being deliberated.