Real Estate Bill being redrafted: Selja
Minister of Housing and Urban Poverty Alleviation Kumari Selja said in the Rajya Sabha the Real Estate (Regulation of Development) Bill is still being deliberated. As the basic structure of the earlier model Bill had undergone substantial changes, it was referred to the Ministry of Law and Justice, which had opined that some aspects of the Bill are under state jurisdiction, while some fall under the Concurrent List. Hence, the law is being redrafted as a Bill that may be posed to Parliament under the Concurrent List.
Posted by Track2Realty
on Mar 9 2011. Filed under NEWS, Others, POLICY, Regulation, Trends.
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