The Government will introduce Real Estate Development Regulatory Bill in the winter session of Parliament to reign-in the unscrupulous builders who escape responsibility of providing promised facilities to property buyers, according to media reports.
“The bill is under active consideration of the government and the Ministry is in consultation with all stakeholders including the bodies such the Confederation of Real Estate Developers’ Associations of India and others,” said Union Minister for Urban Development and Parliamentary Affairs M. Venkaiah Naidu. Some builders were engaged in developing private layouts and constructing townships and were escaping their responsibility of providing promised facilities such as sewage treatment plants. A proper law was needed to control such builders, the Minister. From their side, the builders were complaining about the delay in getting permissions — as many as 41 from different government departments — to develop housing projects.
“The Centre is thinking about simplifying the procedures including giving some clearance online and speeding up entire process,” the Union Minister stated. Local officers of Urban Local Bodies should keep a tab on illegal constructions in their purview with regular field visits, he said.
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