Union Cabinet Approved Real Estate Bill

Union Cabinet Approved Amendments To Real Estate Bill

Amendments to the Real Estate (Regulation and Development) Bill, 2013, were approved by the Union Cabinet on 7 April 2015. The Bill is pending in the Rajya Sabha. The Bill paves the way for the creation of a regulator to protect home buyer interests as well as ensure accountability and transparency. With the amendments the provisions of the Bill are also applicable to commercial real estate.