real estate bill

For the first time ever, India is all set to bring into force an anti-discriminatory provision in its housing sector. The centre is planning to introduce a new clause in the real estate act to check and stop builders from practicing any kind of bias when selling apartments.

The Rajya Sabha passed the much awaited Real Estate Regulator Bill on Thursday. It is meant to protect the interest of property buyers, making the proceedings in the sector more transparent and accountable, and give a sense of clarity to both buyers and sellers.