Ghaziabad residents seek Real Estate Regulatory Bill enactment

Ghaziabad, Feb 5 (IANS) The Ghaziabad residents organisation has demanded early enactment of the Real Estate Regulatory Bill which is pending with parliament.

Federation of Apartments Owners Association chief Tejandra Pal Tyagi said according to an estimate about 10 lakh consumers buy houses annually, with an investment of about Rs.3.50 lakh crore.

About 3,500 new projects are launched every year and about 17,000 real estate projects are in progress in 26 major urban areas in the country. They will come under the ambit of the proposed Real Estate Regulatory Bill (RERA). This bill should be enacted at the earliest in the interest of home buyers, he said.

The legislation is expected to provide tremendous relief to the home buyers since it will virtually close all loopholes through which the promoters/builders cheat the home buyers, he said.

The members and leaders of all political parties have already given their consensual consent to the proposed bill, both in writing and verbally, and so the government should not find it difficult to get this bill passed in the next session, he said.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here