During a launch of AMRUT scheme (for smart city transformation) and PMAY scheme (for housing for poor), PM today hinted at being aware of private builder’s high-handedness and said that the “Private developers should not decide the growth of the city, which is unfortunately happening today”. In response to a question by media regarding growing consumer/resident concerns in modern India, the PM said “Image of builders is very negative in India. The growth of India shall be decided by residents and city leadership and not by private builders”.
Read on for more of the scheme launch.
The Real estate regulatory bill has been lying in cold storage since it was sent to select committee for Rajya sabha almost 1.5 months back. Apart from asking for public view which was to be given by June first week, nothing much seems to have moved. Buyers would be hoping that the bill, something concrete and more powerful than what was introduced in April/May this year is created and passed in the monsoon session which is in July to September period.
Comments/Feedback invited.Last updated: June 25, 2015 at 15:36 pm