Center to follow Haryana example, push forward real estate bill

September 23, 2008	(Be the first to rate this story!)  Loading ...
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After Haryana government passed the landmark bill to contain real estate malpractices, the Centre has now requisitioned a copy of the legislation passed by the state assembly and is open to including some of the provisions in its own Bill, which has been hanging since the past three years. The Haryana Regulation Property Dealers and Consultants Bill, 2008 passed by the state assembly early this month seeks to check fraudulent and benami deals and protect those who buy property from unscrupulous developers and middlemen.

Confirming the development, a senior official of the Urban Development Ministry said, “The ministry will compare the legislation with the central draft on real estate regulation. It will study the Haryana legislation and evaluate if any of the provisions in it could be included in the central draft.” However, he did not specify any timeframe for the enactment of the legislation saying, “the Government is not in a hurry,” implying that the legislation may not see the light of day in the near future.

In fact, the proposed bill has become the object of a political ping-pong game. According to informed sources, the Delhi Lieutenant Governor Tejender Khanna had suggested that the central government broad-base the regulatory authority’s ambit to include other service providers like Delhi Development Authority in the National Capital Region as well. This suggestion apparently hasn’t gone down well with the union urban development ministry, which subsequently vetoed the proposal of the Delhi government.

News Published Under:   Real Estate India |

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