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Upcoming real estate bill for developers.

Q: I am related with a developer and wanted some information regarding the new upcoming real estate bill. Any idea what does the new draft real estate regulation bill says about the developers' rights?

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Hi Gireesh,It will be released soon in the winter session in Parliament. The draft states that developers should disclose land titles, completion date of the project and other relevant information should be uploaded on the website for the consumers' benefit. All the disclosures should be made before the completion date, so that the consumers do not face any problems later.
Rakesh


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