As per the sources available to www.propertykhazana.com, The Government of India has planned the realty regulatory bill to put off the abnormalities and inequitable trade practice in all the land related transactions. Still, few State Governments is against the bill by saying, “Implementation of supplies which has stated in the planned bill will provide roads and water projects in the state are unworkable.” But still, some of the market developers have supported the bill and said that, “Anticipated bill will prevent the abnormalities in the property dealings.” “This is the confident stride taken by the government and this will go a long way in brining additional responsibility and transparency in realty dealings,” said Mukesh Bhagtani CEO of Jaycee Homes Ltd.
Vishwajeet Jhavar CEO of Marvel Realtors says to the www.propertykhazana.com that, “We all consider that the bill will deter the abnormalities and inequitable trade practices in property dealings. This will help us out to reinstate the self-confidence among the general public by hiking the transparency and the responsibility in the Realty Division. Moreover, it will bring the consistency in the industry and will help out for both the developers and for the people in the Long Term.” opposing to these declarations Lalit Kumar Jain Chief of CREDAI said that, “Bill is prejudiced and it must be balanced and the government regulatory bill will not only kill the eagerness of the builders but also avoids the original and visionary people from approaching into the trade. We require guidelines and proposed growth in the sector to make sure auction of fixed properties in a well-organized and transparent way.”
Source: NIMMA BENGALURU
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