Q:Hi, I have booked a property on pre launch offer and approvals are not yet done. Land registration completed. Will there any problem happens because of Real estate Bill 2013.
Latest Answer: I am happy to hear that Housing Ministry has accepted a proposal of a Parliamentary panel's recommendation on the Real Estate Bill to make the provisions stricter and increase the 50% threshold but not lower it. The Housing and Urban Poverty Alleviation ministry has also accepted all 38 recommendations made by the 21-member Rajya Sabha select committee which submitted its report last week.
