Real Estate Bill give rise to buy in real estate markets

Q: The Cabinet's approval to the revised Real Estate (Regulation and Development) Bill, 2015 led to a rally in real estate stocks.

Rishi Dev,

11th December 2015

Real estate News in Mumbai

real estate bill

real estate regulatory authority

real estate (regulation and development) bill

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Replies (2)

Right Gaurav,
Transparency is the biggest benefit of this Bill. Approvals, passing of plans, carpet area, built-up area all these information will be available to consumer. Nothing would be hidden, that is the principle aspect of the Bill.

Saras, Noida

11th December 2015

Comment

But don't forget that increase in deposit for project construction money in escrow account to 70% from 50% is likely to weigh on developers. They are already facing difficulties by unsold inventories and slow demand.

Shreya Agarwal, Mumbai

11th December 2015

New strong penalties shall be a negative for the developers not doing clean businesses and benefit companies like Oberoi Realty, Nesco and Ashiana Housing which already practice clean businesses.

Dev Patel, Mumbai

11th December 2015

Yes, it will cover both residential and commercial real estate that could lead to a re-rating of the domestic real estate sector once passage. At the same time this bill will boost consumer confidence and help the realty industry attract foreign direct investment.

Shreya Agarwal, Mumbai

11th December 2015

Comment

Once this bill i8s passed, real estate developers have to register projects (with complete details) with a real estate regulatory authority. This will lead to standardization of the unorganized real estate market. The provision of fines on buyers for defaulting on payment will also benefit developers.

Gaurav, Lucknow

11th December 2015