The real estate regulatory bill that seeks to bring transparency and accountability in the realty sector will be introduced in the monsoon session of Parliament, a top government official said on Saturday. last month, the Cabinet had approved the Real Estate (Regulation and Development) Bill, that seeks to provide a uniform regulatory environment to the sector.
"The Bill will be introduced in the Monsoon session of Parliament," Housing and Urban Poverty Alleviation Secretary Arun Kumar Misra said at an annual convention of National Association of Realtors (NAR) India.The Bill will be sent to Parliamentary Standing Committee for consideration and suggestions, Misra said.The month-long Monsoon session of Parliament is expected to start in late July.