Diabytes
Real Estate (Regulation and Development) Bill News
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Private equity inflows into the country's real estate sector surged 62 percent to Rs 38,000 crore, during 2016, largely helped by Parliament's clearance of two significant legislations -- Real Estate (Regulation and Development) Bill and GST.
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Touted as a major reform measure to regulate the vast real estate sector and bring order in it, the Real Estate (Regulation and Development) Bill, 2016 was passed by the Rajya Sabha on 10 March 2016 and by the Lok Sabha on 15 March 2016.
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The long pending Real Estate Bill is listed for passage in Rajya Sabha at 2 pm on Thursday.
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The bill aims to ensure sale of plot, apartment buildings in an efficient and transparent manner and protect the interests of consumers.
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