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Regulatory bill of Real-estate will secure the buyer s interest: Kamal Nath

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A step towards the safeguarding the interest of the real estate consumer is to get implemented soon. Draft is on the process and might hit the floor by the winter season of parliament. With a short note with the Kamal Nath – Union Urban Development Minister the bill is updated as per the suggestion of the real estate’s core team and will be equally beneficial for both the developers and the consumers.
Various scams during the property transaction are also taken into consideration while upgrading the draft of the realty. According to sources, besides much opposition from the developer’s side, draft is on the final stage of its completion which is to tender an appropriate measure for the real estate transactions with adequate transparency and safety to the sleaze issues.
Source: Press Trust Of India

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