Skip to main content

Cabinet approves Real Estate (Regulation and Development) Bill, 2015


The Union Cabinet chaired by the Hon’ble Prime Minister Shri Narendra Modi ji has approved the Real Estate (Regulation and Development) Bill, 2015 which will now be taken up for consideration and passing by the Parliament.
The Real Estate (Regulation and Development) Bill is a initiative to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects.
The main features of the Bill are as follows:
· Establishment of ‘Real Estate Regulatory Authority’ in States/UTs to regulate real estate transactions.
· Applicable both for commercial and residential real estate projects.
· Registration of real estate projects and real estate agents with the Authority.
· Deposit of specified amount in a separate bank account to cover the construction cost of the project for timely completion of the project.
· Mandatory disclosure of all registered projects, including details of the promoter, project, layout plan, land status, approvals, agreements along with details of real estate agents, contractors, architect, structural engineer etc.
· Civil courts jurisdiction prohibited from taking up matters defined in Bill, however, consumer court allowed to hear real estate matters.
· Provision of Appropriate Government to make rules for the matters specified in the Bill, and the Regulatory Authority to make necessary regulations.
· Establishment of fast track dispute resolution mechanisms for settlement of disputes through adjudicating officers and Appellate Tribunal.
· Promoters barred from changing plans and design without consent of consumers.
The Bill provides uniform regulatory environment to ensure speedy adjudication of disputes and orderly growth of the real estate sector. It will also boost domestic and foreign investment in the Real Estate sector and help in achieving the objective to provide ‘Housing for All’ by enhanced private participation

MID-DAY News Headlines:-
* Prime Minister Narendra Modi expresses concern over repeated disruptions in Parliament; Says democracy cannot function at the whims and fancies of anyone.
* Both houses of Parliament continue to face disruptions over National Herald issue.
* Supreme Court upholds validity of Haryana law fixing minimum educational qualification for candidates contesting Panchayat polls.
* In Tamil Nadu, respite from rain in most parts of the state; Relief measures in full swing.
* Bombay High Court acquits Salman Khan of all charges in hit and run case.
* The United Nations calls upon China to halt torture of human rights activists by government.
* Sensex trades in green in afternoon session.

My message to Muslim Americans

Hillary Clinton <info@hillaryclinton.com>
To
nksagar_1@yahoo.com
Today at 7:04 AM

Comments

Popular posts from this blog

Assembly Elections 2017  Uttar Pradesh  (403/403) Punjab  (117/117) Goa  (38/40) Party Lead Won Total SP+INC 38 28 66 BJP + 193 119 312 BSP 10 10 20 RLD 00 01 1 Others 03 01 4 Party Lead Won Total SAD+BJP 01 16 17 INC 04 74 78 AAP 00 20 20 BSP 0 0 0 Others 00 02 2 Party Lead Won Total BJP 02 12 14 INC 01 13 14 AAP 0 0 0 MGP + 00 03 3 Others 00 07 7 Uttarakhand  (70/70) Manipur  (60/60)   Party Lead Won Total INC 04 07 11 BJP 15 42 57 BSP 0 0 0 UKD 0 0 0 Others 01 01 2 Party Lead Won Total INC 09 16 25 BJP 06 18 24 AITC 0 01 1 NPF 01 03 4 Others 02 04 6  
Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata. December 10, 2016 Sagar Media Inc HEADLINES LEISURE POLITICS ENVIRONMENT ART & ENTERTAINMENT SPORTS ALL ARTICLES Saturday, Dec. 10, 2016 Next update in about 22 hours Archives Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata. Shared by Sagar Media Inc enkaysagar.wordpress.com  – We have the pleasure to invite you to be our distinguished speaker at our regional Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata.  We would love to have you with us a… President Park’s impeachment approved Shared by Sagar Media Inc enkaysagar.wordpress.com  – President Park Geun-hye holds a meeting with Cabinet ministers at the presidential office Cheong Wa Dae in Seoul on Dec. 9, 2016 South Korea’s parliament on Friday passed a motion to impeach Presid… Magnitude...
Duterte proposes another UN August 21, 2016 Philippine President Rodrigo Duterte railed against the United Nations today after it called for an end to the wave of killings unleashed by his war on drugs, saying he might leave the organisation. Duterte also said the Philippines will invite China and African nations to form another global organisation in place of United Nations, as world body is not doing enough to address hunger and terrorism. There appears to be human rights working for terrorist and mafia in third world to keep their states in dire state. Two UN human rights experts last week urged Manila to stop the extra-judicial executions and killings that have escalated since Duterte won the Presidency. About 900 suspected drug traffickers have been killed since he came to power after winning the election on May 9. Leave a comment   Edit Three terrorists killed in Tangdar of Jammu August 21, 2016 Jammu & Kashmir, three unidentified militants...