December 26, 2025 12:13 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Tarique Rahman returns to Bangladesh after 17 years | Shocking killing inside AMU campus: teacher shot dead during evening walk | Horror on Karnataka highway: sleeper bus bursts into flames after truck crash, 9 killed | PM Modi attends Christmas service at Delhi church, sends message of love and compassion | Delhi erupts over lynching of Hindu man in Bangladesh; protest outside High Commission | Targeted killing sparks global outrage: American lawmakers condemn mob lynching of Hindu man in Bangladesh | Assam on a ‘powder keg’: Himanta Biswa Sarma flags demographic shift, Chicken’s Neck fears | Bangladesh on edge: Student leader shot as pre-poll violence deepens after Hadi killing | Historic deal sealed: India, New Zealand sign landmark Free Trade Agreement in record time | Supreme court snubs urgent plea to stop PMO’s chadar offering at Ajmer Sharif

Both houses of Parliament pass real estate bill

| | Mar 15, 2016, at 11:41 pm
#Real Estate Bill # parliament # home buyers
New Delhi, Mar 15 (IBNS) The Real Estate Bill, which is aimed at safeguarding the interests of the buyers from promoters who do not deliver on time, was passed on Tuesday by Parliament.

The  Real Estate (Regulation and Development) Bill, 2015, which aims to infuse transparency and curb the flow of unaccounted money into the sector, was passed by Rajya Sabha last Thursday and now by the Lok Sabha too.

 
Now it will be a law after the approval of the President. 
 
Congress, which had introduced the bill in 2013 when it was in power, also supported the Real Estate (Regulation and Development) Bill  in Parliament.
 
The Union Budget presented by finance minister Arun Jaitley on Feb 29 offered some good news for home buyers and the real estate sector—viz. incentives for first-time home buyers, making affordable housing more viable and removing dividend distribution tax (DDT) on real estate investment trusts (REITs).
   

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
In Images: PM Modi pays heartfelt tribute to Atal Bihari Vajpayee on 101st birth anniversary at Rajghat
In Images: PM Modi pays heartfelt tribute to Atal Bihari Vajpayee on 101st birth anniversary at Rajghat Dec 25, 2025, at 02:05 pm
In Images: Inside PM Modi’s Christmas visit to Delhi church
In Images: Inside PM Modi’s Christmas visit to Delhi church Dec 25, 2025, at 12:26 pm
In Images: PM Modi, Oman’s Sultan witness MoU exchange
In Images: PM Modi, Oman’s Sultan witness MoU exchange Dec 19, 2025, at 12:06 am
Related Videos
#bangladesh: Hindu Man Lynched, Set Ablaze as Islamist Mob Runs Riot After Youth Leader’s Killing Dec 22, 2025, at 04:31 pm
PM #Modi witnesses soulful rendition of #vandemataram by Ethiopian singers in #Ethiopia Dec 22, 2025, at 04:30 pm
Moment Sydney Bondi beach shooter was disarmed by brave man in civilian clothes Dec 22, 2025, at 04:29 pm