Real Estate Regulation Plan

The Government is in final stage of Real Estate Regulatory Bill, under considerations of parliamentarians

• Each Project to be  registered
• Consumers to get access to all crucial information, including approvals
• Ongoing projects without completion certificates also to be covered
• Developers need consent of 2/3rd of customers to change project layout
• More home buyers to get benefit
• Project developers to deposit 50% or 75% amounts from buyers in escrow account.
• It may ensure timely project completion in the absence of diversion of funds.