March 10 2016, 19.56 PM IST || Pocket News Alert
Mr. S K Sayal, Managing Director & CEO, Bharti Realty Limited says on Real estate bill
“It’s a great news to see the Real Estate Regulatory Bill becoming a reality. From the macro outlook, the approval of this bill is a big positive for the Indian Economy. From the point of view of the sector, it is a much awaited development and will be a milestone to regularise the Indian Real-Estate landscape. It will bring the much needed transparency for the consumers and accountability on the developers end.
The bill addresses some real issues that will bolster the sector: the inclusion of escrow mechanism, timely completion of projects and build financial sensitivities. It will help the industry to grow in an organized manner and will check entry for the unorganised players. With this bill the long subdued sentiment in the Real-Estate sector is expected to get the much needed boost.”
