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But What is the ground
realty, Adv. R. P. Rathod analysis
the said Bill and throws light on some of
its important aspects, advantages and disadvantages of the
proposed Bills.
The Ministry of Housing and Urban Poverty Alleviation
has released the final draft of
the New Real Estate (Regulation and Development) bill, designed to
stop malpractices and bring in
transparency into the real estate section. According to the bill, for which
feedback is currently being invited, violations will involve imprisonment of up
to three years, and penalty of 10 per cent
of the estimated cost of the project. The bill is expected to be passed during the winter session of Parliament.
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