The Union Urban Development Minister Kamal Nath said that the government will quickly commence an authoritarian structure for the real estate sector to address the anxiety of consumers and also makes sure of the level playing field for all the stakeholders. The Regulation and Development (Real Estate) Bill will be under the consideration of the government and it is probably to be listed in the upcoming session of the parliament.
It is addressed that complaint of the consumers by making the property dealings transparent and are answerable by the registering promoters and by the developers. The minister also said that a section of developers were opposite the proposed bill fearing disciplinary action and making the available sufficient land at the reasonable price for real estate development was also the challenge for the ministry. The government is trying to rise the partaking of private players in the development of low cost housing for the urban poor people.
The rental housing can also plays a vital role in the shelter supplying for the urban poor people along with the promotion of livelihood options. In the addition it is important to select the urban poor pockets near the work centers to decrease the home to work travel and relieve the pressure on the transport. Minister also pointed out the ministry of housing and urban poverty mitigation has started to program and to make the cities slum free. And also the government is also allowing for property right bills for the dwellers of the slum peoples.
Source: NIMMA BENGALURU
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