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Realty draft to modification to fight corruption then consumer interest

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Clusters of confusion are still on the realty regulatory draft of the government. The proposed draft is strongly opposed by the mass of realty developers of the country. According to the sources of www.propertykhazana.com the released draft is nothing more than a “Public Amusement and Developers Harassment” bill as stated by Mr. Lalit kumar Jain – National president of CREDAI. He further insist for a single window procedure for real estate segment in the country which will benefit the industry with better growth rate along with protecting the customers with their best interest. As many of projects get late not due to the developers but also for the government official for not clearing the approval note until and unless their own interest is served.
Jain further adds that the realty association is not at all against any regulatory bill but the bill should not hamper the growth of the industry at the same time. In place of making a strict scrutiny of the realty firms there should be an appropriate measure and deadline for each table to make clear about the topic of non approval reasons. Sometime it takes year to cross one barrier for the purpose of approval of any project without any serious reasons. He also insists that the entire process should be computerizing to cut down the hands of corruption. Many a times after being noticed the higher authority close their lips in sake of few bundles of currency and process goes on from the grass root level to the top most position of the department. So why not government is taking steps for such misconduct at their own homes rather pointing on the realty developers. We too agree about some scams in realty firms due some misunderstanding and we deeply applause for any act restricting such behavior so to maintain a healthy relationship between the customers and the realty firm.
Source: NIMMA BENGALURU

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