Real Estate Bill to be tabled in LS
10 April 2015 5:00 AM IST
Government plans to bring the amended Real Estate bill, which seeks to protect property buyers against unscrupulous real estate developers and agents, in Lok Sabha during the second half of the Budget session beginning April 20.
"It is a priority bill. Our intention is to bring the bill in the second half of the Budget session itself," sources in the Parliamentary Affairs Ministry said.
Immediately after the Union Cabinet approved amendments to the bill last evening paving the way for regulation of realty business, Parliamentary Affairs Minister M Venkaiah Naidu had tweeted, "Happy that Cabinet approved amendments to Real Estate Bill on Wednesday. Now it will be taken up in forthcoming session of Parliament. Sources in the ministry said though there is a constraint of timing due to short period of the second part of the Budget session and pending legislative business, the "intention of the government is to pass this bill in Budget Session itself."
"It is a priority bill. Our intention is to bring the bill in the second half of the Budget session itself," sources in the Parliamentary Affairs Ministry said.
Immediately after the Union Cabinet approved amendments to the bill last evening paving the way for regulation of realty business, Parliamentary Affairs Minister M Venkaiah Naidu had tweeted, "Happy that Cabinet approved amendments to Real Estate Bill on Wednesday. Now it will be taken up in forthcoming session of Parliament. Sources in the ministry said though there is a constraint of timing due to short period of the second part of the Budget session and pending legislative business, the "intention of the government is to pass this bill in Budget Session itself."
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