To bring the better lucidity in Delhi realty, Union Government is setting up a regulator to address builder-consumer grievance in the capital region. The proposals will be non-breakable and will be performed within six months, said Mr. Jaipal Reddy, Union Urban Development Minister @ the www.propertykhazana.com . Regulator will be having powers of court authority to be headed by the famed celebrity, informed the minister at the time when addressing the seminar of an international realty meeting summit and this was planned by Federation of Indian Chambers of Commerce and Industry.
As per the sources available to www.propertykhazana.com, regulator will be opened with the backing of mock-up legislation, but the issues like the property rates will not be managed by the regulator and the Union Government need to support State Governments to follow the suit, while property was the State matter with anything alters they will find the proper matter to integrate.
Creating a regulator for Delhi realty is a greeting pace by the Govt. and the builders who pursue proper practices say that a few general consumer grievances were registered of the similar land in the names of two or more purchasers and not conveying the promises.
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