Rajya Sabha Passes the Real Estate Bill 

The Bill aims to protect buyers’ interests from unscrupulous promoters and regulate the real estate sector.

Published
Hot News
1 min read
An army of construction workers during lunch break in Kolkata. (Photo: IANS)

The Real Estate Bill, proposing a Real Estate Regulatory Authority, was on Thursday, approved by the upper house of parliament. The Rajya Sabha approved the Bill after the government accepted as many as 20 amendments, as proposed by a Rajya Sabha Select Committee.

The Bill, pending before parliament since 2013, aims to protect the interests of property buyers from unscrupulous promoters and regulate the real estate sector.

The legislative measure will now go to the Lok Sabha for its approval.

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!