Sunday, June 19, 2016

"Rebooting Real Edge"

In a seminar "Real Estate Conclave" organised at Park Hotel yesterday by ACAE Chartered Accountants' Study Circle I mentioned that the Central Govt had issued notification stating that certain sections of the Real Estate (Regulation and Development At) 2016 were brought into operation wef from 1 May 2016 (See  http://mhupa.gov.in/writereaddata/Real_Estate_RegulationDevelopment_2016.pdf ). These were basically about setting up of the Regulatory Authority and disclosure of information on web. In West Bengal, the Promoters' Act 1993 was a similar Act and I recalled that a study team of the Parliament had met us (me, Housing Secretary, Municipal Secretary etc) in a group consultation at the Hyatt some time ago.

I also mentioned of the policy direction of the state government in the New Township Policy and requested that the opportunities to build 6 Theme Townships on government land may be spread among possible investors.
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Clippings;
Khabar 365 dt 19 June 2016

Times of India dt 19 June 2016

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