Amendments to the Real Estate Bill will escalate costs: Expert
Jayarama Emani | The Dollar Business By giving approval to amendments to the Real Estate (Regulation and Development) Bill, 2013 pending in the Rajya Sabha, and approved amendments proposed in the Bill, the government is expecting to boost the domestic and foreign investment in the sector and achieve the objective of ‘Housing for All by 2022’, through enhanced private participation. However, C Shekar Reddy, the immediate past National President of The Confederation of Real Estate Developers Associations of India (CREDAI) feels that certain sections of the Bill neither help the builders nor the consumers leading to unwarranted cost escalation. Talking to The Dollar Business, Reddy said, “Certain provisions in the Bill like – establishment of one or more ‘Real ...
