Chronology of Indian Real Estate Bill 2015 ..!
Chronology of events leading to the passage of
Real Estate Bill by Rajya Sabha and Lok Sabha..!
* Ministry of Law & Justice suggested a
Central Law for regulation of real estate sector in July, 2011;
* Union
Cabinet approved the Real Estate Bill, 2013 on June 4,2013;
* Bill was
introduced in Rajya Sabha on August 14, 2013;
* Bill was
referred to the Department Related Standing Committee on September 23,2013;
* Report
of the Standing Committee was tabled in Rajya Sabha on February 13 and in Lok
Sabha on February 17,2014;
* Attorney
General upheld validity of central legislation for real estate sector on
February 9,2015;
* Union Cabinet approved Official Amendments
based on the recommendations of the Standing Committee on April 7,2015;
* Bill of
2013 and Official Amendments referred to the Select Committee of Rajya Sabha on
May 6, 2015;
* Select Committee
tables its report along with the Bill of 2015 on July 30,2015;
* Real
Estate Bill, 2015 was approved by the Union Cabinet on December 9, 2015;
*
Bill,2015 was listed for consideration and passing in Rajya Sabha on
22nd and 23rd December, 2015 but could not be taken up; and
* The Real Estate (Regulation & Development)
Bill, 2016 passed by Rajya Sabha on March 10,2016.
* The Real Estate (Regulation & Development)
Bill, 2016 passed by Lok Sabha on March 15,2016.
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