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« Greedy Developers Hoping to Stimulate Demand by Increasing Property Prices | Home | Cinepolis India Collaborates with AIPL for North India Operation »

GOVT to Consider Model Legislation on Regulating Real Estate in Delhi

The Government has announced that it is considering model legislation on regulating real estate in Delhi. In reply to a written question in the Rajya Sabha, minister of state for urban development Saugata Roy said that the Delhi Real Estate Management (Regulation and Control) Bill can also serve as a reference for other states.

The minister, however, ruled out the constitution of a regulator for real estate sector for the entire country, saying matters pertaining to local governance and land falls in the list of state subject as per the Constitution.

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