Secondly, the new and stable government BJP-led NDA came to power and planned to set new rules and regulations in the country. It is all set to push the real estate billing and having with an aim to curb circulation of the black money in the sector and put in the place a grievance redressal system for the consumers. With largely focused on the middle class people, this government looks for making the sector client friendly just by bringing in the clearness in the transactions to ensure that it did not endure the area of the rich class people alone.
PM Narendra Modi is sharply understood to be keen on advancing the real estate bill, which seeks to keep the protection of the consumers in the real estate world, announced by the government sources. This bill had come up in the cabinet in the month of December, 2014 year. Yet now, a new cabinet is ready for the government’s approval.
Housing and Urban Poverty alleviation, the nodal ministry has taken the decision for the removal the bar on the consumer’s forthcoming forum in the case of any type of dispute. By speaking the concerns over the scheme completion timeline, redressal and funding transparency , this real estate bill aims to help honest consumers.
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