Real Estate Regulator After a Meet With Builders

May 29, 2007	(Be the first to rate this story!)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

The plans regarding bringing a regulator for Indian real estate may slip into limbo for sometime. The government will device the nuances of the regulatory bill only after it deliberates with builders and chief officers of housing banks at a national level conference to be held in Mumbai in the first week of June, 2007.

All stakeholders will be called for a meet for a thorough discussion before bringing in a regulatory authority for the real estate sector, says an official of the ministry of housing and poverty alleviation.

Other key issues that will be raised at the conference include social housing, problems related to acquisition of land, ownership title, problems related to finance and home loans etc.

Also, the conference will deal with critical matters like the UPA’s government’s charter of inclusive development further and the minister of state for housing and poverty alleviation, will try to encourage builders to bring more construction for the weaker section of society.

Undoubtedly, private sector also plays an important role in the economic development of the country.  Thus, involving their interests is equally necessary. Convincing real estate developers regarding an emerging market in the EWS and LIG Housing category is the main concern of the conference, explains an official of the ministry.

News Published Under:   Real Estate India |

Comments