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Ajay Maken, the newly appointed Union minister for housing and urban poverty alleviation has reportedly said that there will soon be a regulatory body for the real estate sector to protect flat buyers from land sharks.
Maken stated that the regulatory bill, which would soon be introduced by the Centre, would keep fly-by-night operators from entering the residential housing sector, says report.
Ajay Maken reported that draft of the bill is already being prepared and Once the bill is introduced, rogue builders will be reined in.
India Infoline News Service / 08:51, Feb 27, 2015
The outlook is a positive start .The unwinding of positions and rollover in the F&O expiry brought in the usual volatility on Thursday.