January 21, 2025 08:12 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Donald Trump sworn in as 47th president of United States | Kolkata court sentences convict Sanjoy Roy to life imprisonment in RG Kar rape-murder case | Supreme Court stays proceedings against Rahul Gandhi in defamation case over remarks against Amit Shah and BJP | Invasion of our borders will come to a halt: Donald Trump promises crackdown on immigration ahead of inauguration | Kolkata court convicts civic volunteer Sanjoy Roy in RG Kar rape-murder case | Saif was stabbed repeatedly, he tried to protect Taimur and Jeh: Kareena Kapoor Khan records statement with police | Escaped death by 20-25 minutes: Sheikh Hasina alleges opposition wanted to kill her | Cabinet's decision on 8th Pay Commission will improve quality of life, give boost to consumption: PM Modi | 'It has been an incredibly challenging day': Kareena Kapoor Khan requests privacy after Saif Ali Khan's stabbing incident | 'Distorting history': Mamata slams Mohan Bhagwat over his Ram Temple consecration 'marking true independence' remark

Both houses of Parliament pass real estate bill

| | Mar 15, 2016, at 11:41 pm
#Real Estate Bill # parliament # home buyers
New Delhi, Mar 15 (IBNS) The Real Estate Bill, which is aimed at safeguarding the interests of the buyers from promoters who do not deliver on time, was passed on Tuesday by Parliament.

The  Real Estate (Regulation and Development) Bill, 2015, which aims to infuse transparency and curb the flow of unaccounted money into the sector, was passed by Rajya Sabha last Thursday and now by the Lok Sabha too.

 
Now it will be a law after the approval of the President. 
 
Congress, which had introduced the bill in 2013 when it was in power, also supported the Real Estate (Regulation and Development) Bill  in Parliament.
 
The Union Budget presented by finance minister Arun Jaitley on Feb 29 offered some good news for home buyers and the real estate sector—viz. incentives for first-time home buyers, making affordable housing more viable and removing dividend distribution tax (DDT) on real estate investment trusts (REITs).
   

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
PM Modi inaugurates all-weather Sonamarg Tunnel in Jammu and Kashmir
PM Modi inaugurates all-weather Sonamarg Tunnel in Jammu and Kashmir Jan 14, 2025, at 12:07 pm
Gangasagar Mela: The Pilgrims' Progress
Gangasagar Mela: The Pilgrims' Progress Jan 14, 2025, at 12:10 am
Millions of Hindu devotees gather at Uttar Pradesh's Prayagraj as a six-week Maha Kumbh Mela begins today
Millions of Hindu devotees gather at Uttar Pradesh's Prayagraj as a six-week Maha Kumbh Mela begins today Jan 13, 2025, at 09:33 pm
Related Videos
Makar Sankranti bath at Gangasagar Jan 15, 2025, at 02:08 am
Mahakumbh 2025: Millions take holy dip to wash away sins Jan 15, 2025, at 02:03 am
Celebrating 100 years of Raj Kapoor: PM Modi in conversation with Kapoor family Dec 13, 2024, at 03:14 pm