Real Estate Regulator – Coming up Shortly
While the Cabinet Ministry of the Government of India has given its approval for the Real Estate Regulator bill, it is interesting to see how the bill will balance the interest of Home Buyers and the Developers.
The Indian Real Estate is long due for an overhaul and it’s surprising that the Government over the years has not made any inroads to come out with clean real estate policies for the real estate sector.
The Government so far has had a short sighted approach and half the time the political effort is made to clean up old issues and not raise the ones which favour the consumer.
It is interesting to see what comes out in the Real Estate Regulator Bill 2015 and what is in it for Home Buyer and the Developer.