Real Estate Regulatory Bill

♠ Posted by Unknown in Know your tax concession,Real Estate Regulatory Bill at 6:16 PM

Every one including the media reports opine the real estate sector to be more organized and structured. They all feel that the newly proposed Real Estate Regulation and Development Bill will do the job. According to media the real estate needs to be more transparent and more organized with the need of eradicating or lessening the degree of corruption now prevalent in the realty sector. There are of course reasons for such opinion. In places like Mumbai the realtors remark that they can sell the property and homes at half or one third of the price if there is lesser corruption involved in getting the clearances and approvals. There would be lesser delay as well in completing the projects if that was the case. Thus the media reports say that transparency would of course increase the buyers’ confidence and would help the sector in a big way. 

The newly proposed Real Estate Regulatory Bill would usher in the much needed transparency in the sector opines the realtors and the top officials of the renowned real estate companies. They remark that real estate has to be treated at par with the companies of the other industries too. The real estate firms and companies also should receive the structural institutional finance that the other industry companies get. This will help the industry with more liquidity and increase the cash flow. The realtors feel that if the new bill or the new Real estate regulatory bill makes that happen the realtors would certainly support it. Talking about their point of objection the realtors opined that the penalty provisions of the bill mostly accuses the developers and the promoters leaving the other stake holders. They further state that if the bill proposes in a way that it blames all the stake holders in an equitable manner they won’t have any objections. But looking at the problematic areas and the bottlenecks of the realty sector, if the proposed bill attempts to remove them then there is no reason why they won’t support it.
TGS Layouts sales sizable residential plots in different sites of Bangalore at a very affordable price and with all amenities that required for day to day living. These land are approved by the concerned authorities and can be bought for investment as well as residential purpose.