Only 13 states had notified their final Real Estate rules..!
Real Estate Regulator
The law to protect interests of
home-buyers and regulate the Indian real estate sector may end up as another
lame legislation without enough power.
Till Monday May 1, 2017, only 13 states and Union territories had notified
their final rules, and most have diluted key provisions of the law. Each state
and UT will have its own Regulatory Authority (RA) which will frame regulations
and rules according to the Act.
Few states such as Odisha & Bihar have notified rules that are completely in
sync with the one notified by the Union Ministry of Housing and Poverty
Alleviation
Below is how many states have
diluted an otherwise powerful law:
No comments:
Post a Comment