A real estate regulator will enforce public disclosure and bring in much needed transparency and accountability in the Indian real estate sector and there is overwhelming support for setting up such an entity, housing and urban poverty alleviation minister Mrs. Kumari Selja said on recently.
At the National Consultation on the Draft Real Estate (Development and Regulation) Bill, the minister Mrs. Kumari Selja said, ''The fast track dispute resolution mechanism is expected to speed up delivery of justice, which would further augment credibility and facilitate larger investments in the Indian real estate sector in the long run. The Real Estate Regulation and (Development) Bill 2011 also attempts at building confidence within investor and clients."
At the National Consultation on the Draft Real Estate (Development and Regulation) Bill, the minister Mrs. Kumari Selja said, ''The fast track dispute resolution mechanism is expected to speed up delivery of justice, which would further augment credibility and facilitate larger investments in the Indian real estate sector in the long run. The Real Estate Regulation and (Development) Bill 2011 also attempts at building confidence within investor and clients."
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