New Housing Bill to check builders making false claims
It will be sent to the Union Cabinet for approval soon
Property developers will no longer be able to lure buyers with advertisements making tall claims and with blown-up pictures of fancy living spaces. In fact they will no longer be able to publicise their projects unless they have all the requisite permissions for construction, the Real Estate (Regulation & Development) Bill-2011 has proposed. The Bill, which will be sent to the Union Cabinet for approval soon by the Union Ministry of Housing & Poverty Alleviation, has spelt out the specifics that will have to be followed by the construction industry.