{"id":14485,"date":"2013-02-21T06:00:11","date_gmt":"2013-02-21T06:00:11","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=14485"},"modified":"2020-06-15T04:23:38","modified_gmt":"2020-06-14T22:53:38","slug":"14485-more-revisions-in-the-real-estate-bill","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/14485-more-revisions-in-the-real-estate-bill\/","title":{"rendered":"More Revisions in the Real Estate Bill"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-14486\" alt=\"ajay-maken\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/02\/ajay-maken.jpg\" width=\"300\" height=\"250\" \/>The revision in the Real Estate (Regulation and Development) Bill is a perpetual process. The government body frames it and then revises it on the demands of different organizations that are linked to the real estate sector (so called builder groups). In a recent case that portrays a same situation, the Confederation of Real Estate Developers&#8217; Associations of India (CREDAI) and National Real Estate Development Council had asked the regulatory authority to slash a clause that asks builders to use 70% of the money collected for a particular project for another project (which is lagging) to avoid delays.The housing and urban poverty alleviation minister, Ajay Maken positively assured the builder&#8217;s body that 70% limit will be lowered and a revised bill that will get everyone&#8217;s nod will be disclosed. The builders got a sigh of relief when the ministry understood that diverting one project&#8217;s money to another to avoid any delay is a faulty procedure and if it is done then the percentage must be lesser.The Real Estate Bill is proposed long back and going through a series of postponement due to the continuing disagreement of apex real estate boards. It aims at transparency in real estate transactions that will protect the consumer. For this, stringent rules for builders are made that will ensure that the user will get exactly what he was promised without any kind of deception.The bill also focuses on other clauses that say that a developer will be allowed to launch a project only after getting all the requisite approvals, including environmental clearance, clearance of the sanction plan, and civil aviation clearance.The bill is however not matching the ideologies of builders and the governmental authority. To abridge this gap, revisions are made. Let&#8217;s expect that when the bill will be passed, it will benefit both builder and consumer to its fullest.<\/p>\n<div id=\"_dyhb23rg4374\"><\/div>\n<p><span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The revision in the Real Estate (Regulation and Development) Bill is a perpetual process. The government body frames it and then revises it on the demands of different organizations that are linked to the real estate sector (so called builder groups). In a recent case that portrays a same situation, the Confederation of Real Estate [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14485","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>More Revisions in the Real Estate Bill -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/14485-more-revisions-in-the-real-estate-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Revisions in the Real Estate Bill -\" \/>\n<meta property=\"og:description\" content=\"The revision in the Real Estate (Regulation and Development) Bill is a perpetual process. The government body frames it and then revises it on the demands of different organizations that are linked to the real estate sector (so called builder groups). In a recent case that portrays a same situation, the Confederation of Real Estate [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/14485-more-revisions-in-the-real-estate-bill\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/gayatri.subramanian\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-21T06:00:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T22:53:38+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/02\/ajay-maken.jpg\" \/>\n<meta name=\"author\" content=\"gayatri\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gayatri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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