The much awaited Regulatory Bill finally got passed on Tuesday and has bought a sigh of relief to the end users. The bill which is passed to protect the consumer interest has created an imbalance situation between the public and the real estate developers. CREDAI (Confederation of Real Estate Developers Association of India), an industrial body is making an initiative to bring equilibrium between these two groups.According to National President of CREDAI, it is essential to bring the balance between the public and the realtors. Some provisions mentioned in the regulatory bill are against the favor of the home buyers and may cost substantial increase in the residential rates. Therefore it is necessary to modify these provisions so that affordable housing schemes are available to the home buyers.He also mentioned that the bill should regulate the entire real estate industry including all its stake holders; this would make the regulation effective and bring uniformity.The bill was prepared in order to bring transparency in the real estate sector and to curb the level of unauthorized housing taking place in our country. The bill includes strict provisions like jail term to the builders to the builders who display misleading advertisements about their upcoming projects or other such fraudulent activities that deceive the consumers.займ на карту без отказов круглосуточновзять кредит онлайн