March 10 2016, 18.55 PM IST || Pocket News Alert
Mr. David Walker, Managing Director, SARE Homes
The passing of the Real Estate Development Bill today was a much awaited decision. We hope it will give home buyers the confidence to return to the market. The Bill will make real estate more transparent and organised and responsible builders will prosper. We encourage the government to also bring EDC charges paid to local authorities under the scope of the regulator to ensure timely delivery of infrastructure that has been paid for by home buyers. A more formal and regulated industry should in time also benefit from improved access to capital markets.
