Real Estate

Rajya Sabha passes the Real Estate Bill

Rajya Sabha passes the Real Estate Bill

Team ABEsquare 11/03/2016 0
The Rajya Sabha passed the long-awaited Real Estate bill on Thursday, 10 March 2016 bringing cheer to home buyers. The Lok Sabha will now take up the Bill on Monday, 14th March 2016. The bill will apply to both new as well as ongoing projects.This bill seeks to regulate the real estate sector, bring in transparency and help protect consumer interests by removing corruption and inefficiency from the sector. The Bill is applicable to all residential real estate as well as commercial real estate – above 500 square metres and above 8 apartments.    Image courtesy of Naypong at FreeDigital...
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Real Estate Bill – How will it impact you?

Real Estate Bill – How will it impact you?

Team ABEsquare 19/02/2016 0
        Home buyers and builders across India are waiting in anticipation for the passing of the Real Estate Bill. First announced in 2009, and later drafted in 2013, and due to be announced later this year, the bill aims to establish a regulatory authority which will monitor the activities of builders as well as protect the rights of the consumers. This bill is eagerly awaited as it will help move this sector towards accountable, transparent and fair deals and away from its reputation for delays, short-changing and overpricing.Some of the key features of the bill are:The bill seeks to...
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